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Condensed Statements Of Cash Flows - USD ($)
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net income (loss) $ 6,682,249 $ (596,720)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,583,760 2,260,649
Impairment of producing properties 5,585  
Provision for deferred income taxes 366,000 (69,000)
Gain from leasing fee mineral acreage (78,922) (232)
Proceeds from leasing fee mineral acreage 95,039 232
Net (gain) loss on sales of assets 2,163,359 (30,862)
Directors' deferred compensation expense 67,570 44,527
Total (gain) loss on derivative contracts (2,836,168) 254,036
Cash receipts (payments) on settled derivative contracts   613,314
Restricted stock awards 255,844 122,978
Other 37,138 14,387
Cash provided (used) by changes in assets and liabilities:    
Natural gas, oil and NGL sales receivables (1,591,085) (813,167)
Other current assets (325,780) (676,620)
Accounts payable (95,649) (398,556)
Income taxes receivable 2,413,942 (12,545)
Other non-current assets 10,253 30,958
Income taxes payable 165,889  
Accrued liabilities (281,034) (271,998)
Total adjustments 1,955,741 1,068,101
Net cash provided by operating activities 8,637,990 471,381
Investing Activities    
Capital expenditures (192,677) (128,083)
Acquisition of minerals and overriding royalty interests (11,643,827) (7,869,746)
Net proceeds from sales of assets 4,586,492  
Net cash provided (used) by investing activities (7,250,012) (7,997,829)
Financing Activities    
Borrowings under Credit Facility 4,000,000  
Payments of loan principal (1,500,000) (1,750,000)
Net proceeds from equity issuance (32,507) (24,242)
Cash receipts from (payments on) off-market derivative contracts (4,402,422)  
Payments of dividends (332,210) (225,887)
Net cash provided (used) by financing activities (2,267,139) (2,000,129)
Increase (decrease) in cash and cash equivalents (879,161) (9,526,577)
Cash and cash equivalents at beginning of period 2,438,511 10,690,395
Cash and cash equivalents at end of period 1,559,350 1,163,818
Supplemental Schedule of Noncash Investing and Financing Activities:    
Dividends declared and unpaid 517,479 229,049
Gross additions to properties and equipment 15,183,829 7,986,350
Equity offering used for acquisitions (3,510,001) (250,000)
Net (increase) decrease in accounts payable for properties and equipment additions 162,676 261,479
Capital expenditures and acquisitions $ 11,836,504 $ 7,997,829