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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of Accounts Receivable Accounts receivable is summarized below:
March 31, 2022September 30, 2021
(In thousands)
Oil, natural gas and NGL sales$25,379 $17,008 
Joint interest accounts receivable379 413 
Other accounts receivable24 52 
Total accounts receivable$25,782 $17,473 
Schedule of Other Non-current Assets, Net Other non-current assets consisted of the following:
March 31, 2022September 30, 2021
(In thousands)
Deferred financing costs, net$1,179 $1,353 
Prepayments to outside operators594 707 
Right of use assets106 309 
Other deposits50 50 
Total other non-current assets, net$1,929 $2,419 
Schedule of Accrued Liabilities Accrued liabilities consisted of the following:
March 31, 2022September 30, 2021
(In thousands)
Accrued capital expenditures$15,520 $9,718 
Accrued lease operating expenses2,692 2,428 
Accrued general and administrative costs2,363 3,575 
Other accrued expenditures1,396 2,834 
Total accrued liabilities$21,971 $18,555 
Schedule of Asset Retirement Obligations
Components of the changes in ARO for the six months ended March 31, 2022 and year ended September 30, 2021 are shown below:
March 31, 2022September 30, 2021
(In thousands)
ARO, beginning balance$2,434 $2,326 
Liabilities incurred93 113 
Liability settlements and disposals(190)(92)
Accretion46 87 
ARO, ending balance2,383 2,434 
Less: current ARO(1)
(146)(128)
ARO, long-term$2,237 $2,306 
_____________________
(1)Current ARO is included within other current liabilities on the accompanying condensed consolidated balance sheets.
Disaggregation of Revenue
The following table presents oil and natural gas sales disaggregated by product:
Three Months Ended March 31,Six Months Ended March 31,
2022202120222021
(In thousands)
Oil and natural gas sales:
Oil$62,376 $30,784 $112,999 $52,891 
Natural gas1,789 4,516 4,494 4,635 
Natural gas liquids2,480 1,359 5,802 1,547 
Total oil and natural gas sales, net$66,645 $36,659 $123,295 $59,073