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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Revenues        
Total revenues $ 5,768,152 $ 9,381,615 $ 11,363,528 $ 18,533,830
Operating costs        
Depreciation, depletion, and amortization 1,358,168 1,461,049 2,769,056 2,910,803
Proved property impairment 15,189,459 0 24,792,079 0
Net loss on derivative contracts 279,679 0 614,645 0
General and administrative expenses [1] 1,845,699 1,436,197 3,124,397 2,774,550
Total operating costs 21,678,418 7,131,851 36,703,514 13,010,047
Income (loss) from operations (15,910,266) 2,249,764 (25,339,986) 5,523,783
Other        
Interest and other income 11,217 52,941 25,643 119,070
Interest expense (19,622) (29,345) (41,654) (58,690)
Income (loss) before income taxes (15,918,671) 2,273,360 (25,355,997) 5,584,163
Income tax provision (benefit) (3,208,664) 508,442 (5,510,842) 1,026,425
Net income (loss) attributable to common stockholders $ (12,710,007) $ 1,764,918 $ (19,845,155) $ 4,557,738
Earnings (loss) per common share        
Basic (in dollars per share) $ (0.38) $ 0.05 $ (0.60) $ 0.14
Diluted (in dollars per share) $ (0.38) $ 0.05 $ (0.60) $ 0.14
Weighted average number of common shares outstanding        
Basic (in shares) 33,106,885 32,988,737 33,031,270 33,057,691
Diluted (in shares) 33,106,885 32,988,737 33,031,270 33,061,555
Crude oil        
Revenues        
Total revenues $ 5,462,783 $ 8,974,237 $ 10,841,944 $ 17,819,741
Natural gas liquids        
Revenues        
Total revenues 305,200 406,634 521,226 712,578
Natural gas        
Revenues        
Total revenues 169 744 358 1,511
Lease operating costs        
Operating costs        
Lease operating costs $ 3,005,413 $ 4,234,605 $ 5,403,337 $ 7,324,694
[1] General and administrative expenses for the three months ended December 31, 2020 and 2019 included non-cash stock-based compensation expenses of $317,506 and $236,190, respectively. For the six months ended December 31, 2020 and 2019, non-cash stock-based compensation expenses were $617,857and $568,203, respectively.