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Condensed Balance Sheets - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 477,013 $ 557,791
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts) 6,489,489 7,585,485
Refundable income taxes 209,970 489,945
Assets held for sale   557,750
Derivative contracts, net [1]   544,924
Other 176,356 253,480
Total current assets 7,352,828 9,989,375
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 418,338,755 434,571,516
Non-producing oil and natural gas properties 8,170,286 7,428,927
Other 1,515,076 1,067,894
Gross properties and equipment, at cost, based on successful efforts accounting 428,024,117 443,068,337
Less accumulated depreciation, depletion and amortization (239,052,685) (246,483,979)
Net properties and equipment 188,971,432 196,584,358
Investments 212,068 170,486
Total assets 196,536,328 206,744,219
Current liabilities:    
Accounts payable 1,163,424 1,847,230
Derivative contracts, net [1] 3,014,511  
Accrued liabilities and other 1,554,645 1,690,789
Total current liabilities 5,732,580 3,538,019
Long-term debt 40,400,000 52,222,000
Deferred income taxes, net 18,104,007 31,051,007
Asset retirement obligations 2,776,058 3,196,889
Derivative contracts, net [1] 288,969 28,765
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,896,455 issued at June 30, 2018, and 16,863,004 issued at September 30, 2017 281,495 280,938
Capital in excess of par value 2,690,834 2,726,444
Deferred directors' compensation 2,882,263 3,459,909
Retained earnings 125,386,738 113,330,216
Stockholders' Equity 131,241,330 119,797,507
Less treasury stock, at cost; 117,946 shares at June 30, 2018, and 184,988 shares at September 30, 2017 (2,006,616) (3,089,968)
Total stockholders' equity 129,234,714 116,707,539
Total liabilities and stockholders' equity $ 196,536,328 $ 206,744,219
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.