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Condensed Statements Of Operations - USD ($)
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Oil, NGL and natural gas sales $ 8,899,218 $ 9,055,288
Lease bonuses and rentals 837,958 2,425,504
Gains (losses) on derivative contracts (2,700,533) (34,936)
Income (loss) from partnerships 15,030 16,269
Total revenues 7,051,673 11,462,125
Costs and expenses:    
Lease operating expenses 3,049,415 3,566,536
Production taxes 367,845 321,841
Exploration costs (2,243) 27,790
Depreciation, depletion and amortization 4,834,263 6,957,652
Provision for impairment 0 3,733,273
Loss (gain) on asset sales and other 12,934 (269,706)
Interest expense 292,369 360,562
General and administrative 1,842,482 1,912,079
Bad debt expense (recovery)   19,216
Total costs and expenses 10,397,065 16,629,243
Income (loss) before provision (benefit) for income taxes (3,345,392) (5,167,118)
Provision (benefit) for income taxes (1,107,000) (2,368,000)
Net income (loss) $ (2,238,392) $ (2,799,118)
Basic and diluted earnings (loss) per common share (Note 3) $ (0.13) $ (0.17)
Basic and diluted weighted average shares outstanding:    
Common shares 16,604,149 16,563,942
Unissued, directors' deferred compensation shares 274,035 255,060
Basic and diluted weighted average shares outstanding 16,878,184 16,819,002
Dividends declared per share of common stock and paid in period $ 0.04 $ 0.04
Dividends declared per share of common stock and to be paid in quarter ended March 31 $ 0.04 $ 0.04