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Statements Of Operations - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Revenues:      
Revenues $ 39,410,036    
Gains (losses) on derivative contracts 6,105,145 $ (4,932,068) $ 1,249,840
Gain on asset sales 18,973,426   26,105
Revenues 66,035,685 45,034,264 46,361,154
Costs and expenses:      
Lease operating expenses 12,488,425 13,460,278 12,682,969
Production taxes 1,902,636 2,089,050 1,548,399
Depreciation, depletion and amortization 18,196,583 18,395,040 18,397,548
Provision for impairment 76,824,337 [1] 0 662,990 [1]
Interest expense 1,995,789 1,748,101 1,275,138
General and administrative 8,565,243 7,342,441 7,441,242
Loss on asset sales and other expense (income) 288,610 102,685 131,935
Total costs and expenses 120,261,623 43,137,595 42,140,221
Income (loss) before provision (benefit) for income taxes (54,225,938) 1,896,669 4,220,933
Provision (benefit) for income taxes (13,481,000) (12,739,000) 689,000
Net income (loss) $ (40,744,938) $ 14,635,669 $ 3,531,933
Basic and diluted earnings (loss) per common share $ (2.43) $ 0.86 $ 0.21
Oil, NGL and Natural Gas [Member]      
Revenues:      
Revenues $ 39,410,036 $ 48,385,335 $ 39,935,912
Lease Bonuses and Rental Income [Member]      
Revenues:      
Revenues $ 1,547,078 $ 1,580,997 $ 5,149,297
[1] At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment. This assessment utilized estimates of future cash flows or fair value (selling price) less cost to sell if the property is held for sale. Significant judgments and assumptions in these assessments include estimates of future oil, NGL and natural gas prices using a forward NYMEX curve adjusted for projected inflation, locational basis differentials, drilling plans, expected capital costs and an applicable discount rate commensurate with risk of the underlying cash flow estimates. These assessments identified certain properties with carrying value in excess of their calculated fair values.