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Condensed Balance Sheets - USD ($)
Mar. 31, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 168,562 $ 557,791
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts) 6,475,117 7,585,485
Refundable income taxes 792,315 489,945
Assets held for sale   557,750
Derivative contracts, net [1]   544,924
Other 340,975 253,480
Total current assets 7,776,969 9,989,375
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 422,574,038 434,571,516
Non-producing oil and natural gas properties 7,399,718 7,428,927
Other 1,510,982 1,067,894
Gross properties and equipment, at cost, based on successful efforts accounting 431,484,738 443,068,337
Less accumulated depreciation, depletion and amortization (240,207,008) (246,483,979)
Net properties and equipment 191,277,730 196,584,358
Investments 224,308 170,486
Total assets 199,279,007 206,744,219
Current liabilities:    
Accounts payable 785,880 1,847,230
Derivative contracts, net [1] 1,881,022  
Accrued liabilities and other 1,378,284 1,690,789
Total current liabilities 4,045,186 3,538,019
Long-term debt 43,500,000 52,222,000
Deferred income taxes, net 18,280,007 31,051,007
Asset retirement obligations 2,895,355 3,196,889
Derivative contracts, net [1] 89,337 28,765
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,895,603 issued at March 31, 2018, and 16,863,004 issued at September 30, 2017 281,481 280,938
Capital in excess of par value 2,566,003 2,726,444
Deferred directors' compensation 2,819,516 3,459,909
Retained earnings 126,837,723 113,330,216
Stockholders' Equity 132,504,723 119,797,507
Less treasury stock, at cost; 119,650 shares at March 31, 2018, and 184,988 shares at September 30, 2017 (2,035,601) (3,089,968)
Total stockholders' equity 130,469,122 116,707,539
Total liabilities and stockholders' equity $ 199,279,007 $ 206,744,219
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.