Income Taxes (Summary of Deferred Tax Assets and Liabilities) (Details) - USD ($) |
Sep. 30, 2019 |
Sep. 30, 2018 |
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Income Tax Disclosure [Abstract] | ||
Financial basis in excess of tax basis, principally intangible drilling costs capitalized for financial purposes and expensed for tax purposes | $ 8,885,776 | $ 23,885,522 |
Derivative contracts | 619,392 | |
Total deferred tax liabilities | 9,505,168 | 23,885,522 |
State net operating loss carry forwards | 431,977 | 551,435 |
AMT credit carry forwards | 1,387,042 | 2,936,457 |
Asset retirement obligations | 459,810 | 420,761 |
Deferred directors' compensation | 602,394 | 693,592 |
Restricted stock expense | 119,697 | 238,477 |
Derivative contracts | 839,573 | |
Business interest limitation | 358,110 | |
Other | 170,131 | 117,220 |
Total Deferred tax assets | 3,529,161 | 5,797,515 |
Net deferred tax liabilities | $ 5,976,007 | $ 18,088,007 |
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- Definition Deferred tax assets AMT credit carryforwards. No definition available.
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- Definition Deferred tax assets, business interest limitation. No definition available.
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- Definition Deferred tax assets tax deferred expense restricted stock. No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from derivative instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from compensation and benefits costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from capitalized costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from derivatives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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