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Condensed Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenues:        
Natural gas, oil and NGL sales $ 14,783,865 $ 8,345,825 $ 28,471,029 $ 14,770,804
Lease bonuses and rental income 161,908 58,554 240,823 59,987
Gains (losses) on derivative contracts (12,983,406) (2,348,143) (10,147,238) (2,602,179)
Revenues 1,962,367 6,056,236 18,564,614 12,228,612
Costs and expenses:        
Lease operating expenses 929,454 1,030,651 2,185,465 2,035,063
Transportation, gathering and marketing 1,488,518 1,319,514 2,702,122 2,600,479
Production taxes 697,393 443,154 1,376,340 719,180
Depreciation, depletion and amortization 2,121,116 1,777,817 3,704,876 4,038,466
Provision for impairment     5,585  
Interest expense 230,212 267,865 406,931 569,763
General and administrative 2,744,264 2,059,476 4,839,821 3,790,573
Losses (gains) on asset sales and other (2,261,135) (125,518) (113,320) (142,469)
Total costs and expenses 5,949,822 6,772,959 15,107,820 13,611,055
Income (loss) before provision (benefit) for income taxes (3,987,455) (716,723) 3,456,794 (1,382,443)
Provision (benefit) for income taxes 33,000 (217,000) 795,000 (286,000)
Net income (loss) $ (4,020,455) $ (499,723) $ 2,661,794 $ (1,096,443)
Basic and diluted earnings (loss) per common share $ (0.12) $ (0.02) $ 0.08 $ (0.05)
Basic and diluted weighted average shares outstanding:        
Common shares 34,056,316 22,429,777 33,449,594 22,403,678
Unissued, directors' deferred compensation shares 236,139 178,597 234,091 177,923
Basic and diluted weighted average shares outstanding 34,292,455 22,608,374 33,683,685 22,581,601
Dividends per share of common stock paid in period $ 0.015 $ 0.01 $ 0.025 $ 0.02
Dividends declared per share of common stock and to be paid in quarter ended June 30   $ 0.01