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Condensed Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenues $ 10,899,820 $ 3,517,561 $ 25,670,624 $ 18,329,017
Gains (losses) on derivative contracts (5,487,483) (838,282) (8,089,662) 2,415,401
Gain on asset sales 270,070 3,108 313,595 3,275,996
Revenues 5,941,559 2,705,383 18,213,696 24,593,201
Costs and expenses:        
Lease operating expenses 1,064,989 1,147,948 3,100,052 3,871,818
Transportation, gathering and marketing 1,538,174 956,653 4,138,653 3,696,282
Production taxes 596,858 134,249 1,316,038 835,284
Depreciation, depletion and amortization 2,137,707 2,464,568 6,176,173 8,793,787
Provision for impairment 45,855 358,826 45,855 29,904,528
Interest expense 220,439 241,191 790,202 958,429
General and administrative 2,275,104 1,908,790 6,065,677 6,306,479
Other expense (income) 235,027 (73,687) 136,083 (44,551)
Total costs and expenses 8,114,153 7,138,538 21,768,733 54,322,056
Income (loss) before provision (benefit) for income taxes (2,172,594) (4,433,155) (3,555,037) (29,728,855)
Provision (benefit) for income taxes (816,000) (877,940) (1,102,000) (7,610,940)
Net income (loss) $ (1,356,594) $ (3,555,215) $ (2,453,037) $ (22,117,915)
Basic and diluted earnings (loss) per common share $ (0.05) $ (0.21) $ (0.10) $ (1.34)
Basic and diluted weighted average shares outstanding:        
Common shares 28,117,199 16,403,243 24,308,185 16,375,736
Unissued, directors' deferred compensation shares 192,059 141,799 174,454 152,500
Basic and diluted weighted average shares outstanding 28,309,258 16,545,042 24,482,639 16,528,236
Dividends declared per share of common stock and paid in period $ 0.01 $ 0.01 $ 0.03 $ 0.09
Natural Gas, Oil and NGL [Member]        
Revenues:        
Revenues $ 10,899,820 $ 3,517,561 $ 25,670,624 $ 18,329,017
Lease Bonuses and Rental Income [Member]        
Revenues:        
Revenues $ 259,152 $ 22,996 $ 319,139 $ 572,787