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Condensed Statements Of Operations - USD ($)
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Oil, NGL and natural gas sales $ 12,887,419 $ 8,899,218
Lease bonuses and rentals 96,959 837,958
Gains (losses) on derivative contracts (493,852) (2,700,533)
Total revenues 12,490,526 7,036,643
Costs and expenses:    
Lease operating expenses 3,626,709 3,049,415
Production taxes 488,990 367,845
Depreciation, depletion and amortization 5,275,824 4,834,263
Loss (gain) on asset sales and other (295,658) (4,339)
Interest expense 431,579 292,369
General and administrative 1,888,143 1,842,482
Total costs and expenses 11,415,587 10,382,035
Income (loss) before provision (benefit) for income taxes 1,074,939 (3,345,392)
Provision (benefit) for income taxes (12,710,000) (1,107,000)
Net income (loss) $ 13,784,939 $ (2,238,392)
Basic and diluted earnings (loss) per common share $ 0.81 $ (0.13)
Basic and diluted weighted average shares outstanding:    
Common shares 16,685,032 16,604,149
Unissued, directors' deferred compensation shares 263,255 274,035
Basic and diluted weighted average shares outstanding 16,948,287 16,878,184
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