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Condensed Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Oil, NGL and natural gas sales $ 9,997,898 $ 7,365,898 $ 27,788,018 $ 22,557,372
Lease bonuses and rentals 819,591 4,281,095 3,991,752 7,188,152
Gains (losses) on derivative contracts 1,619,697 (1,782,903) 1,658,347 (842,726)
Total revenues 12,437,186 9,864,090 33,438,117 28,902,798
Costs and expenses:        
Lease operating expenses 3,391,079 3,520,196 9,545,990 10,274,085
Production taxes 390,387 196,733 1,129,785 747,714
Depreciation, depletion and amortization 4,714,350 5,959,482 13,654,268 18,963,017
Provision for impairment 0 0 10,788 11,849,064
Loss (gain) on asset sales and other 11,447 17,223 98,445 (187,692)
Interest expense 306,161 331,117 884,928 1,034,027
General and administrative 1,796,004 1,570,134 5,358,114 5,133,657
Total costs and expenses 10,609,428 11,594,885 30,682,318 47,813,872
Income (loss) before provision (benefit) for income taxes 1,827,758 (1,730,795) 2,755,799 (18,911,074)
Provision (benefit) for income taxes 567,000 (944,000) 263,000 (7,887,000)
Net income (loss) $ 1,260,758 $ (786,795) $ 2,492,799 $ (11,024,074)
Basic and diluted earnings (loss) per common share $ 0.07 $ (0.05) $ 0.15 $ (0.65)
Basic and diluted weighted average shares outstanding:        
Common shares 16,668,814 16,582,416 16,639,090 16,575,117
Unissued, directors' deferred compensation shares 254,891 263,649 277,294 259,382
Basic and diluted weighted average shares outstanding 16,923,705 16,846,065 16,916,384 16,834,499
Dividends declared per share of common stock and paid in period $ 0.04 $ 0.04 $ 0.12 $ 0.12