Supplementary Information On Oil, Ngl And Natural Gas Reserves (Tables)

12 Months Ended

Sep. 30, 2013

Supplementary Information On Oil, Ngl And Natural Gas Reserves [Abstract]

Summary Of Capitalized Costs Of Oil And Natural Gas Properties And Related Depreciation, Depletion And Amortization

	2013		2012
Producing properties	$	304,889,145	$	275,997,569
Non-producing minerals		8,490,277		9,018,731
Non-producing leasehold		442,628		1,123,812
Exploratory wells in progress		-		8,018
		313,822,050		286,148,130
Accumulated depreciation, depletion and amortization		(186,042,746)		(164,652,199)
Net capitalized costs	$	127,779,304	$	121,495,931

Summary Of Costs Incurred In Oil And Natural Gas Producing Activities

	2013		2012		2011
Property acquisition costs	$	1,242,615	$	20,404,465	$	5,140,862
Exploration costs		-		1,210,417		4,837,451
Development costs		27,938,160		24,578,943		17,310,808
	$	29,180,775	$	46,193,825	$	27,289,121

Summary Of Net Quantities Of Proved, Developed And Undeveloped Oil And Natural Gas Reserves

	Proved Reserves
	Oil	NGL (1)	Natural Gas
	(Barrels)	(Barrels)	(Mcf)
September 30, 2010	925,009	-	98,170,455
Revisions of previous estimates	(59,360)	791,648	769,676
Divestitures	-	-	3,189,520
Extensions, discoveries and other additions	82,230	-	8,005,990
Production	(104,141)	-	(8,297,657)
September 30, 2011	843,738	791,648	101,837,984
Revisions of previous estimates	8,627	(76,794)	(27,389,752)
Acquisitions	-	-	19,075,529
Extensions, discoveries and other additions	373,097	172,602	29,062,593
Production	(153,143)	(98,714)	(9,072,298)
September 30, 2012	1,072,319	788,742	113,514,056
Revisions of previous estimates	(90,968)	141,081	(2,697,853)
Acquisitions	-	-	1,660,649
Extensions, discoveries and other additions	896,036	798,200	30,698,644
Production	(234,084)	(111,897)	(10,886,329)
September 30, 2013	1,643,303	1,616,126	132,289,167

2011 was the first year the Company had sufficient volumes of NGL to warrant reserve volumes disclosure.

Summary Of Proved Developed And Undeveloped Reserves

	Proved Developed Reserves			Proved Undeveloped Reserves
	Oil	NGL	Natural Gas	Oil	NGL	Natural Gas
	(Barrels)	(Barrels)	(Mcf)	(Barrels)	(Barrels)	(Mcf)
September 30, 2011	759,989	386,774	60,193,878	83,749	404,874	41,644,106
September 30, 2012	849,548	494,160	65,733,119	222,771	294,582	47,780,937
September 30, 2013	1,037,721	764,321	82,298,833	605,582	851,805	49,990,334

Summary Of Proved Undeveloped Reserves

Beginning proved undeveloped reserves	50,885,055
Proved undeveloped reserves transferred to proved developed	(12,124,203)
Revisions	(14,309,809)
Extensions and discoveries	32,806,004
Purchases	1,477,609
Ending proved undeveloped reserves	58,734,656

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

	2013		2012		2011
Future cash inflows	$	630,332,900	$	408,694,869	$	494,523,456
Future production costs		(216,584,982)		(135,516,703)		(146,168,829)
Future development and asset retirement costs		(50,572,218)		(35,290,260)		(45,269,686)
Future income tax expense		(131,397,192)		(83,543,516)		(107,111,317)
Future net cash flows		231,778,508		154,344,390		195,973,624
10% annual discount		(130,103,612)		(86,930,102)		(117,591,190)
Standardized measure of discounted
future net cash flows	$	101,674,896	$	67,414,288	$	78,382,434

Summary Of Changes In Standardized Measure Of Discounted Future Net Cash Flows

	2013		2012		2011
Beginning of year	$	67,414,288	$	78,382,434	$	72,500,409
Changes resulting from:
Sales of oil, NGL and natural gas, net of production costs		(46,909,635)		(30,226,927)		(33,570,621)
Net change in sales prices and production costs		47,270,404		(45,178,377)		(2,697,833)
Net change in future development and asset retirement costs		(7,363,224)		4,483,543		4,126,812
Extensions and discoveries		54,101,830		34,216,533		11,938,029
Revisions of quantity estimates		(3,150,420)		(27,419,576)		7,046,873
Acquisitions (divestitures) of reserves-in-place		2,198,612		20,160,327		4,480,858
Accretion of discount		11,473,819		13,644,203		12,523,091
Net change in income taxes		(27,464,341)		10,735,694		(5,329,092)
Change in timing and other, net		4,103,563		8,616,434		7,363,908
Net change		34,260,608		(10,968,146)		5,882,025
End of year	$	101,674,896	$	67,414,288	$	78,382,434