Income Taxes (Tables)

12 Months Ended

Sep. 30, 2013

Income Taxes [Abstract]

Summary Of Provision (Benefit) For Income Taxes

	2013		2012		2011
Current:
Federal	$	1,813,000	$	1,452,000	$	1,266,000
State		150,000		20,000		48,000
		1,963,000		1,472,000		1,314,000
Deferred:
Federal		4,003,000		1,126,000		1,982,000
State		764,000		676,000		(104,000)
		4,767,000		1,802,000		1,878,000
	$	6,730,000	$	3,274,000	$	3,192,000

Summary Of Difference Between Provision (Benefit) For Income Taxes And Amount Which Would Result From Application Of Federal Statutory Rate

	2013		2012		2011
Provision (benefit) for income taxes at statutory rate	$	7,241,517	$	3,725,749	$	4,090,069
Percentage depletion		(1,059,303)		(846,040)		(733,516)
State income taxes, net of federal provision (benefit)		572,650		464,677		(92,989)
State net operating loss valuation allowance (release)		-		(31,000)		31,000
Other		(24,864)		(39,386)		(102,564)
	$	6,730,000	$	3,274,000	$	3,192,000

Summary Of Deferred Tax Assets And Liabilities

	2013		2012
Deferred tax liabilities:
Financial basis in excess of tax basis, principally
intangible drilling costs capitalized for financial
purposes and expensed for tax purposes	$	33,557,515	$	30,320,765
Derivative contracts		165,402		-
		33,722,917		30,320,765
Deferred tax assets:
State net operating loss carry forwards, net of
valuation allowance of $0 in 2013 and 2012		782,785		1,008,271
AMT credit carry forwards		-		1,189,053
Deferred directors' compensation		1,021,717		990,455
Restricted stock expense		426,788		-
Statutory depletion carry forwards		-		415,958
Other		137,620		130,021
		2,368,910		3,733,758
Net deferred tax liabilities	$	31,354,007	$	26,587,007