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Balance Sheets - USD ($)
Sep. 30, 2021
Sep. 30, 2020
Current Assets:    
Cash and cash equivalents $ 2,438,511 $ 10,690,395
Natural gas, oil and NGL sales receivables (net of $0 allowance for uncollectable accounts) 6,428,982 2,943,220
Refundable income taxes 2,413,942 3,805,227
Other 942,082 351,088
Total current assets 12,223,517 17,789,930
Properties and equipment at cost, based on successful efforts accounting:    
Producing natural gas and oil properties 319,984,874 324,886,491
Non-producing natural gas and oil properties 40,466,098 18,993,814
Other 794,179 582,444
Gross properties and equipment, at cost, based on successful efforts accounting 361,245,151 344,462,749
Less accumulated depreciation, depletion and amortization (257,643,661) (263,590,801)
Net properties and equipment 103,601,490 80,871,948
Investments 308 79,308
Operating lease right-of-use assets 607,414 690,316
Other, net 578,285 590,333
Total assets 117,011,014 100,021,835
Current Liabilities:    
Accounts payable 772,717 997,637
Derivative contracts, net 12,087,988 281,942
Current portion of operating lease liability 132,287 127,108
Income taxes payable 334,050  
Accrued liabilities and other 1,809,337 1,297,363
Short-term debt   1,750,000
Total current liabilities 15,136,379 4,454,050
Long-term debt 17,500,000 27,000,000
Deferred income taxes 343,906 1,329,007
Asset retirement obligations 2,836,172 2,897,522
Derivative contracts, net 1,696,479 425,705
Operating lease liability, net of current portion 789,339 921,625
Total liabilities 38,302,275 37,027,909
Stockholders' equity:    
Class A voting common stock, par value $0.01666 per share: 36,000,500 shares authorized and 32,770,433 shares issued and outstanding at September 30, 2021; 24,000,500 shares authorized and 22,647,306 shares issued and outstanding at September 30, 2020 545,956 377,304
Capital in excess of par value 33,213,645 10,649,611
Deferred directors' compensation 1,768,151 1,874,007
Retained earnings 48,966,420 56,244,100
Stockholders' Equity 84,494,172 69,145,022
Treasury stock, at cost: 388,545 shares at September 30, 2021; 411,487 shares at September 30, 2020 (5,785,433) (6,151,096)
Total stockholders' equity 78,708,739 62,993,926
Total liabilities and stockholders' equity $ 117,011,014 $ 100,021,835