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Condensed Balance Sheets - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 484,989 $ 471,213
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts) 5,526,787 5,287,229
Refundable income taxes 98,040 83,874
Other 273,397 419,037
Total current assets 6,383,213 6,261,353
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 437,851,114 434,469,093
Non-producing oil and natural gas properties 7,538,806 7,574,649
Other 1,068,778 1,069,658
Gross properties and equipment, at cost, based on successful efforts accounting 446,458,698 443,113,400
Less accumulated depreciation, depletion and amortization (256,491,564) (251,707,749)
Net properties and equipment 189,967,134 191,405,651
Investments 172,352 157,322
Total assets 196,522,699 197,824,326
Current liabilities:    
Accounts payable 3,457,200 2,351,623
Derivative contracts, net [1] 2,933,947 403,612
Accrued liabilities and other 1,968,967 1,718,558
Total current liabilities 8,360,114 4,473,793
Long-term debt 44,100,000 44,500,000
Deferred income taxes, net 29,569,007 30,676,007
Asset retirement obligations 2,990,823 2,958,048
Derivative contracts, net [1] 10,587 24,659
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,863,004 issued at December 31, 2016, and September 30, 2016 280,938 280,938
Capital in excess of par value 2,476,066 3,191,056
Deferred directors' compensation 3,509,031 3,403,213
Retained earnings 108,903,533 112,482,284
Stockholders' Equity 115,169,568 119,357,491
Less treasury stock, at cost; 223,661 shares at December 31, 2016, and 262,708 shares at September 30, 2016 (3,677,400) (4,165,672)
Total stockholders' equity 111,492,168 115,191,819
Total liabilities and stockholders' equity $ 196,522,699 $ 197,824,326
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments