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Condensed Statements Of Operations - USD ($)
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Revenues $ 7,593,838 $ 12,210,719
Gains (losses) on derivative contracts (817,894) 4,506,780
Gain on asset sales 3,272,888 9,096,938
Revenues 10,576,531 26,328,994
Costs and expenses:    
Lease operating expenses 2,564,672 3,104,570
Production taxes 327,281 608,951
Depreciation, depletion and amortization 2,955,701 3,813,686
Interest expense 370,665 539,370
General and administrative 2,223,028 1,938,840
Loss on asset sales and other expense (income) (10,930) 16,637
Total costs and expenses 8,430,417 10,022,054
Income (loss) before provision (benefit) for income taxes 2,146,114 16,306,940
Provision (benefit) for income taxes 254,000 3,571,000
Net income (loss) $ 1,892,114 $ 12,735,940
Basic and diluted earnings (loss) per common share $ 0.11 $ 0.75
Basic and diluted weighted average shares outstanding:    
Common shares 16,339,673 16,745,076
Unissued, directors' deferred compensation shares 180,864 213,932
Basic and diluted weighted average shares outstanding 16,520,537 16,959,008
Dividends declared per share of common stock and paid in period $ 0.04 $ 0.04
Dividends declared per share of common stock and to be paid in Quarter ended March 31 $ 0.04 $ 0.04
Oil, NGL and Natural Gas [Member]    
Revenues:    
Revenues $ 7,593,838 $ 12,210,719
Lease Bonuses and Rental Income [Member]    
Revenues:    
Revenues $ 527,699 $ 514,557