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Condensed Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenues:        
Revenues $ 8,345,825 $ 7,217,618 $ 14,770,804 $ 14,811,456
Gains (losses) on derivative contracts (2,348,143) 4,071,577 (2,602,179) 3,253,683
Gain on asset sales 23,257   43,525 3,272,888
Revenues 6,079,493 11,311,287 12,272,137 21,887,818
Costs and expenses:        
Lease operating expenses 1,030,651 1,542,199 2,035,063 2,723,870
Transportation, gathering and marketing 1,319,514 1,356,628 2,600,479 2,739,629
Production taxes 443,154 373,754 719,180 701,035
Depreciation, depletion and amortization 1,777,817 3,373,518 4,038,466 6,329,219
Provision for impairment   29,545,702   29,545,702
Interest expense 267,865 346,573 569,763 717,238
General and administrative 2,059,476 2,174,661 3,790,573 4,397,689
Other expense (income) (102,261) 40,066 (98,944) 29,136
Total costs and expenses 6,796,216 38,753,101 13,654,580 47,183,518
Income (loss) before provision (benefit) for income taxes (716,723) (27,441,814) (1,382,443) (25,295,700)
Provision (benefit) for income taxes (217,000) (6,987,000) (286,000) (6,733,000)
Net income (loss) $ (499,723) $ (20,454,814) $ (1,096,443) $ (18,562,700)
Basic and diluted earnings (loss) per common share $ (0.02) $ (1.24) $ (0.05) $ (1.12)
Basic and diluted weighted average shares outstanding:        
Common shares 22,429,777 16,384,687 22,403,678 16,362,057
Unissued, directors' deferred compensation shares 178,597 139,390 177,923 186,443
Basic and diluted weighted average shares outstanding 22,608,374 16,524,077 22,581,601 16,548,500
Dividends declared per share of common stock and paid in period $ 0.01 $ 0.04 $ 0.02 $ 0.08
Dividends declared per share of common stock and to be paid in quarter ended June 30 $ 0.01      
Natural Gas, Oil and NGL [Member]        
Revenues:        
Revenues $ 8,345,825 $ 7,217,618 $ 14,770,804 $ 14,811,456
Lease Bonuses and Rental Income [Member]        
Revenues:        
Revenues $ 58,554 $ 22,092 $ 59,987 $ 549,791