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Condensed Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 3,517,561 $ 9,782,337 $ 18,329,017 $ 31,214,375
Gains (losses) on derivative contracts (838,282) 2,313,195 2,415,401 5,026,123
Gain on asset sales 3,108 4,017,787 3,275,996 13,114,725
Revenues 2,705,383 16,342,394 24,593,201 50,307,601
Costs and expenses:        
Lease operating expenses 1,147,948 1,619,690 3,871,818 4,639,749
Transportation, gathering and marketing 956,653 1,529,270 3,696,282 4,601,959
Production taxes 134,249 488,779 835,284 1,565,038
Depreciation, depletion and amortization 2,464,568 4,383,043 8,793,787 11,820,705
Provision for impairment 358,826   29,904,528  
Interest expense 241,191 526,677 958,429 1,551,831
General and administrative 1,908,790 1,809,439 6,306,479 5,881,432
Other expense (income) (73,687) 66,260 (44,551) 82,045
Total costs and expenses 7,138,538 10,423,158 54,322,056 30,142,759
Income (loss) before provision (benefit) for income taxes (4,433,155) 5,919,236 (29,728,855) 20,164,842
Provision (benefit) for income taxes (877,940) 1,315,000 (7,610,940) 4,756,000
Net income (loss) $ (3,555,215) $ 4,604,236 $ (22,117,915) $ 15,408,842
Basic and diluted earnings (loss) per common share $ (0.21) $ 0.28 $ (1.34) $ 0.92
Basic and diluted weighted average shares outstanding:        
Common shares 16,403,243 16,515,498 16,375,736 16,646,828
Unissued, directors' deferred compensation shares 141,799 170,066 152,500 183,206
Basic and diluted weighted average shares outstanding 16,545,042 16,685,564 16,528,236 16,830,034
Dividends declared per share of common stock and paid in period $ 0.01 $ 0.04 $ 0.09 $ 0.12
Oil, NGL and Natural Gas [Member]        
Revenues:        
Revenues $ 3,517,561 $ 9,782,337 $ 18,329,017 $ 31,214,375
Lease Bonuses and Rental Income [Member]        
Revenues:        
Revenues $ 22,996 $ 229,075 $ 572,787 $ 952,378