Income Taxes (Tables)

12 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the Company's consolidated provision for income taxes from continuing operations are as follows:

	September 30,
	2021		2020
	(In thousands)
Current income tax expense:
Federal	$	2	$	—
State	52		—
Total current income tax expense	54		—
Deferred income tax expense:
Federal	14,202		—
State	(1,240)		718
Total deferred income tax expense	12,962		718
Total income tax expense	$	13,016	$	718

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are the result of temporary differences between the financial statement carrying values and the tax bases of assets and liabilities. The Company's net deferred tax position is as follows:

	September 30,
	2021		2020
	(In thousands)
Deferred tax assets
Unrealized gain on derivatives	$	11,006	$	—
Intangibles	222		—
Inventory	23		—
Share-based compensation	480		—
Accruals and other	578		—
Net operating loss	5,422		—
Total deferred tax assets	17,731		—
Oil and gas assets	(29,161)		(1,669)
Other fixed assets	(198)		—
Unrealized gain on derivatives	—		(165)
Total deferred tax liabilities	(29,359)		(1,834)
Net deferred tax liabilities	$	(11,628)	$	(1,834)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:

	September 30,
	2021		2020
Tax at statutory rate	21.0	%	21.0	%
Nondeductible compensation	(1.0)	%	—	%
Transaction costs	(1.5)	%	—	%
Stock compensation	(0.1)	%	—	%
State income taxes, net of federal benefit	0.4	%	2.0	%
Change in tax status	(40.1)	%	—	%
Income subject to taxation by REP LLC's unitholders	(17.1)	%	(21.0)	%
Effective income tax rate	(38.4)	%	2.0	%