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Condensed Balance Sheets - USD ($)
Mar. 31, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 504,982 $ 532,502
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts) 6,385,694 7,101,629
Refundable income taxes 571,315 33,165
Derivative contracts, net [1] 715,223  
Other 751,525 578,880
Total current assets 8,928,739 8,246,176
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 432,969,755 427,448,584
Non-producing oil and natural gas properties 12,521,442 12,563,519
Other 1,686,490 1,529,770
Gross properties and equipment, at cost, based on successful efforts accounting 447,177,687 441,541,873
Less accumulated depreciation, depletion and amortization (250,606,416) (243,257,472)
Net properties and equipment 196,571,271 198,284,401
Investments 197,340 219,109
Derivative contracts, net [1] 101,983  
Total assets 205,799,333 206,749,686
Current liabilities:    
Accounts payable 487,756 881,130
Derivative contracts, net [1]   3,064,046
Accrued liabilities and other 1,451,427 1,791,950
Total current liabilities 1,939,183 5,737,126
Long-term debt 44,100,000 51,000,000
Deferred income taxes, net 22,030,007 18,088,007
Asset retirement obligations 2,897,354 2,809,378
Derivative contracts, net [1]   349,970
Stockholders' equity:    
Class A voting common stock, $0.0166 par value; 24,000,000 shares authorized, 16,897,306 issued at March 31, 2019, and 16,896,881 issued at September 30, 2018 281,509 281,502
Capital in excess of par value 2,830,224 2,824,691
Deferred directors' compensation 2,415,569 2,950,405
Retained earnings 134,723,381 125,266,945
Stockholders' Equity 140,250,683 131,323,543
Less treasury stock, at cost; 329,065 shares at March 31, 2019, and 145,467 shares at September 30, 2018 (5,417,894) (2,558,338)
Total stockholders' equity 134,832,789 128,765,205
Total liabilities and stockholders' equity $ 205,799,333 $ 206,749,686
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.