XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Balance Sheets - USD ($)
Dec. 31, 2017
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 568,427 $ 557,791
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts) 7,355,784 7,585,485
Refundable income taxes 465,371 489,945
Assets held for sale   557,750
Derivative contracts, net [1]   544,924
Other 312,733 253,480
Total current assets 8,702,315 9,989,375
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 435,482,235 434,571,516
Non-producing oil and natural gas properties 7,424,270 7,428,927
Other 1,497,079 1,067,894
Gross properties and equipment, at cost, based on successful efforts accounting 444,403,584 443,068,337
Less accumulated depreciation, depletion and amortization (249,047,342) (246,483,979)
Net properties and equipment 195,356,242 196,584,358
Investments 242,083 170,486
Total assets 204,300,640 206,744,219
Current liabilities:    
Accounts payable 1,063,042 1,847,230
Derivative contracts, net [1] 334,877  
Accrued liabilities and other 1,783,169 1,690,789
Total current liabilities 3,181,088 3,538,019
Long-term debt 50,400,000 52,222,000
Deferred income taxes, net 18,313,007 31,051,007
Asset retirement obligations 3,223,872 3,196,889
Derivative contracts, net [1]   28,765
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,863,004 issued at December 31, 2017, and September 30, 2017 280,938 280,938
Capital in excess of par value 2,186,538 2,726,444
Deferred directors' compensation 3,568,293 3,459,909
Retained earnings 125,767,547 113,330,216
Stockholders' Equity 131,803,316 119,797,507
Less treasury stock, at cost; 154,044 shares at December 31, 2017, and 184,988 shares at September 30, 2017 (2,620,643) (3,089,968)
Total stockholders' equity 129,182,673 116,707,539
Total liabilities and stockholders' equity $ 204,300,640 $ 206,744,219
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.