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Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Sep. 30, 2021
Current assets:    
Cash and cash equivalents $ 4,489,282 $ 2,438,511
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts) 11,780,557 6,428,982
Refundable income taxes 860,416 2,413,942
Other 1,276,942 942,082
Total current assets 18,407,197 12,223,517
Properties and equipment at cost, based on successful efforts accounting:    
Producing natural gas and oil properties 265,800,998 319,984,874
Non-producing natural gas and oil properties 50,204,756 40,466,098
Other 972,770 794,179
Gross properties and equipment, at cost, based on successful efforts accounting 316,978,524 361,245,151
Less accumulated depreciation, depletion and amortization (193,551,159) (257,643,661)
Net properties and equipment 123,427,365 103,601,490
Operating lease right-of-use assets 770,952 607,414
Other, net 764,068 578,593
Total assets 143,369,582 117,011,014
Current liabilities:    
Accounts payable 486,034 772,717
Derivative contracts, net [1] 10,189,546 12,087,988
Income taxes payable   334,050
Current portion of operating lease liability 190,604 132,287
Accrued liabilities and other 1,489,127 1,809,337
Total current liabilities 12,355,311 15,136,379
Long-term debt 28,300,000 17,500,000
Deferred income taxes, net 550,906 343,906
Asset retirement obligations 2,116,246 2,836,172
Derivative contracts, net [1] 1,068,544 1,696,479
Operating lease liability, net of current portion 1,015,405 789,339
Total liabilities 45,406,412 38,302,275
Stockholders' equity:    
Common Stock, $0.01666 par value; 54,000,500 shares authorized and 35,680,970 issued at June 30, 2022; 36,000,500 shares authorized and 32,770,433 issued at September 30, 2021 594,445 545,956
Capital in excess of par value 42,849,595 33,213,645
Deferred directors' compensation 1,451,690 1,768,151
Retained earnings 58,676,047 48,966,420
Stockholders' Equity 103,571,777 84,494,172
Less treasury stock, at cost; 377,232 shares at June 30, 2022, and 388,545 shares at September 30, 2021 (5,608,607) (5,785,433)
Total stockholders' equity 97,963,170 78,708,739
Total liabilities and stockholders' equity $ 143,369,582 $ 117,011,014
[1] See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.