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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended 100 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Cash flows from operating activities          
Net income (loss) attributable to common stockholders $ 5,705,811 $ 1,191,001 $ 17,756,384 $ (18,654,154)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation, depletion, and amortization     4,488,759 3,840,023  
Impairment of proved property 0 0 0 24,792,079  
Impairment of Well Lift Inc. - related assets 0 146,051 0 146,051  
Stock-based compensation     867,943 938,093  
Settlement of asset retirement obligations     0 (101,311)  
Deferred income taxes     400,236 (6,706,888)  
Unrealized loss (gain) on derivative contracts     2,398,237 614,645  
Accrued settlements on derivative contracts     193,228 (2,791,176)  
Other     (7,140) 11,337  
Changes in operating assets and liabilities:          
Receivables     (4,999,067) (1,450,747)  
Prepaid expenses and other current assets     (79,187) 2,989  
Accounts payable and accrued expenses     7,528,522 1,347,080  
State and federal income taxes payable     143,135 571,361  
Net cash provided by (used in) operating activities     28,691,050 2,559,382  
Cash flows from investing activities          
Acquisition of oil and natural gas properties     (25,844,046) 0  
Capital expenditures for oil and natural gas properties     (825,872) (183,690)  
Acquisition deposit     (1,470,000) (2,325,000)  
Net cash provided by (used in) investing activities     (28,139,918) (2,508,690)  
Cash flows from financing activities          
Common stock dividends paid     (8,421,508) (2,666,334) $ (82,900,000)
Common share repurchases, including shares surrendered for tax withholding     (37,596) (7,348)  
Borrowings on senior secured credit facility     17,000,000 0  
Repayments of senior secured credit facility     (1,000,000) 0  
Net cash provided by (used in) financing activities     7,540,896 (2,673,682)  
Net increase (decrease) in cash and cash equivalents     8,092,028 (2,622,990)  
Cash and cash equivalents, beginning of period     5,276,510 19,662,528  
Cash and cash equivalents, end of period $ 13,368,538 $ 17,039,538 13,368,538 17,039,538 $ 13,368,538
Supplemental disclosures of cash flow information:          
Income taxes paid     5,064,239 667,618  
Income tax refunds received     795,653 135,633  
Non-cash transactions:          
(Decrease) increase in accrued purchases of property and equipment     0 510  
Oil and natural gas property costs attributable to the recognition of asset retirement obligations     $ 2,440,034 $ 91,430