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Condensed Statements Of Cash Flows - USD ($)
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income (loss) $ 2,661,794 $ (1,096,443)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,704,876 4,038,466
Impairment of producing properties 5,585  
Provision for deferred income taxes 27,000 (288,000)
Gain from leasing fee mineral acreage (239,751) (57,493)
Proceeds from leasing fee mineral acreage 328,783 64,047
Net (gain) loss on sales of assets (171,285) (62,097)
Directors' deferred compensation expense 103,031 100,254
Total (gain) loss on derivative contracts 10,147,238 2,602,179
Cash receipts (payments) on settled derivative contracts (176,510) 315,883
Restricted stock awards 688,981 284,148
Other 28,483 31,544
Cash provided (used) by changes in assets and liabilities:    
Natural gas, oil and NGL sales receivables (3,022,384) (1,732,801)
Other current assets (205,489) (388,864)
Accounts payable (91,587) (340,404)
Income taxes receivable 2,413,942 1,356,356
Other non-current assets 64,975 56,545
Income taxes payable (80,317)  
Accrued liabilities (253,045) (206,213)
Total adjustments 13,272,526 5,773,550
Net cash provided by operating activities 15,934,320 4,677,107
Investing Activities    
Capital expenditures (279,348) (425,098)
Acquisition of minerals and overriding royalty interests (20,918,274) (7,934,504)
Net proceeds from sales of assets 6,880,972 21,000
Net cash provided (used) by investing activities (14,316,650) (8,338,602)
Financing Activities    
Borrowings under Credit Facility 10,000,000  
Payments of loan principal (3,500,000) (5,250,000)
Net cost of equity issuance (72,657) (53,482)
Cash receipts from (payments on) off-market derivative contracts (7,930,160)  
Payments of dividends (849,689) (454,936)
Net cash provided (used) by financing activities (2,352,506) (5,758,418)
Increase (decrease) in cash and cash equivalents (734,836) (9,419,913)
Cash and cash equivalents at beginning of period 2,438,511 10,690,395
Cash and cash equivalents at end of period 1,703,675 1,270,482
Supplemental Schedule of Noncash Investing and Financing Activities:    
Dividends declared and unpaid   289,997
Gross additions to properties and equipment 24,522,684 8,759,616
Value of shares used for acquisitions (3,510,001) (250,000)
Net (increase) decrease in accounts payable for properties and equipment additions 184,939 (150,014)
Capital expenditures and acquisitions $ 21,197,622 $ 8,359,602