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Condensed Statements Of Operations - USD ($)
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Natural gas, oil and NGL sales $ 13,687,164 $ 6,424,979
Lease bonuses and rental income 78,915 1,433
Gains (losses) on derivative contracts 2,836,168 (254,036)
Revenues 16,602,247 6,172,376
Costs and expenses:    
Lease operating expenses 1,256,011 1,004,412
Transportation, gathering and marketing 1,213,604 1,280,965
Production taxes 678,947 276,026
Depreciation, depletion and amortization 1,583,760 2,260,649
Provision for impairment 5,585  
Interest expense 176,719 301,898
General and administrative 2,095,557 1,731,097
Losses (gains) on asset sales and other 2,147,815 (16,951)
Total costs and expenses 9,157,998 6,838,096
Income (loss) before provision (benefit) for income taxes 7,444,249 (665,720)
Provision (benefit) for income taxes 762,000 (69,000)
Net income (loss) $ 6,682,249 $ (596,720)
Basic and diluted earnings (loss) per common share $ 0.20 $ (0.03)
Basic and diluted weighted average shares outstanding:    
Common shares 32,895,631 22,378,146
Unissued, directors' deferred compensation shares 232,091 178,090
Basic and diluted weighted average shares outstanding 33,127,722 22,556,236
Dividends declared per share of common stock and paid in period $ 0.01 $ 0.01
Dividends declared per share of common stock and to be paid in quarter ended March 31 $ 0.015 $ 0.01