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Condensed Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Natural gas, oil and NGL sales $ 19,561,568 $ 10,899,820 $ 48,032,597 $ 25,670,624
Lease bonuses and rental income 209,329 259,152 450,152 319,139
Gains (losses) on derivative contracts (2,387,226) (5,487,483) (12,534,464) (8,089,662)
Revenues 17,383,671 5,671,489 35,948,285 17,900,101
Costs and expenses:        
Lease operating expenses 900,807 1,064,989 3,086,272 3,100,052
Transportation, gathering and marketing 1,430,136 1,538,174 4,132,258 4,138,653
Production taxes 925,197 596,858 2,301,537 1,316,038
Depreciation, depletion and amortization 2,022,832 2,137,707 5,727,708 6,176,173
Provision for impairment 6,277 45,855 11,862 45,855
Interest expense 286,345 220,439 693,276 790,202
General and administrative 2,877,614 2,275,104 7,717,435 6,065,677
Losses (gains) on asset sales and other (630,547) (35,043) (743,867) (177,512)
Total costs and expenses 7,818,661 7,844,083 22,926,481 21,455,138
Income (loss) before provision (benefit) for income taxes 9,565,010 (2,172,594) 13,021,804 (3,555,037)
Provision (benefit) for income taxes 976,000 (816,000) 1,771,000 (1,102,000)
Net income (loss) $ 8,589,010 $ (1,356,594) $ 11,250,804 $ (2,453,037)
Basic earnings (loss) per common share $ 0.25 $ (0.05) $ 0.33 $ (0.10)
Diluted earnings (loss) per common share $ 0.25 $ (0.05) $ 0.33 $ (0.10)
Weighted average shares outstanding:        
Basic 34,652,155 28,309,258 34,009,105 24,482,639
Diluted 34,851,214 28,309,258 34,009,105 24,482,639
Dividends per share of common stock paid in period $ 0.02 $ 0.01 $ 0.045 $ 0.03