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Balance Sheets (USD $)
Sep. 30, 2013
Sep. 30, 2012
Current Assets:    
Cash and cash equivalents $ 2,867,171 $ 1,984,099
Oil, NGL and natural gas sales receivables 13,720,761 8,349,865
Refundable income taxes   325,715
Refundable production taxes 662,051 585,454
Deferred income taxes   121,900
Derivative contracts 425,198  
Other 129,998 255,812
Total current assets 17,805,179 11,622,845
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 304,889,145 275,997,569
Non-producing oil and natural gas properties 8,932,905 10,150,561
Furniture and fixtures 737,368 668,004
Total properties and equipment, at cost, based on successful efforts accounting 314,559,418 286,816,134
Less accumulated depreciation, depletion and amortization (186,641,291) (165,199,079)
Net properties and equipment 127,918,127 121,617,055
Investments 1,574,642 1,034,870
Refundable production taxes 540,482 911,960
Total assets 147,838,430 135,186,730
Current Liabilities:    
Accounts payable 8,409,634 6,447,692
Derivative contracts   172,271
Deferred income taxes 127,100  
Income taxes payable 751,992  
Accrued liabilities and other 1,011,865 1,007,779
Total current liabilities 10,300,591 7,627,742
Long-term debt 8,262,256 14,874,985
Deferred income taxes 31,226,907 26,708,907
Asset retirement obligations 2,393,190 2,122,950
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at September 30, 2012 and 2011 140,524 140,524
Capital in excess of par value 2,587,838 2,020,229
Deferred directors' compensation 2,756,526 2,676,160
Retained earnings 96,454,449 84,821,395
Total stockholders' equity 101,939,337 89,658,308
Treasury stock, at cost; 200,248 shares at September 30, 2013, and 181,310 shares at September 30, 2012 (6,283,851) (5,806,162)
Total stockholders' equity 95,655,486 83,852,146
Total liabilities and stockholders' equity $ 147,838,430 $ 135,186,730