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Condensed Statements Of Cash Flows (USD $)
6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income (loss) $ 10,580,891 $ 3,170,785
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 10,247,853 11,897,643
Impairment 430,143 [1] 218,441 [1]
Provision for deferred income taxes 1,453,000 957,000
Exploration costs 63,184 35,179
Gain from leasing fee mineral acreage (215,704) (514,326)
Net (gain) loss on sales of assets 152,766 (208,750)
Income from partnerships (435,402) (305,956)
Distributions received from partnerships 547,028 389,962
Increase in deferred directors' compensation charged to expense 189,506 201,211
Restricted stock awards 262,174 399,907
Cash provided (used) by changes in assets and liabilities:    
Oil, NGL and natural gas sales receivables (3,384,957) (2,170,548)
Fair value of derivative contracts 1,717,527 1,087,443
Refundable production taxes 264,048 237,683
Other current assets (55,727) 37,971
Accounts payable 46,051 426,487
Income taxes receivable   (117,886)
Income taxes payable 113,890  
Accrued liabilities (242,919) (307,427)
Total adjustments 11,152,461 12,264,034
Net cash provided by operating activities 21,733,352 15,434,819
Investing Activities    
Capital expenditures, including dry hole costs (17,606,988) (12,719,947)
Acquisition of working interest properties (1,550,205)  
Acquisition of minerals and overrides (56,250) (330,000)
Proceeds from leasing fee mineral acreage 237,733 527,570
Investments in partnerships (201,898) (418,891)
Proceeds from sales of assets 92,000 870,610
Net cash used in investing activities (19,085,608) (12,070,658)
Financing Activities    
Borrowings under debt agreement 8,312,545 4,181,199
Payments of loan principal (10,574,801) (5,556,184)
Purchases of treasury stock (122,044) (507,345)
Payments of dividends (1,330,215) (1,164,178)
Excess tax benefit on stock-based compensation 16,000 15,000
Net cash provided by (used in) financing activities (3,698,515) (3,031,508)
Increase (decrease) in cash and cash equivalents (1,050,771) 332,653
Cash and cash equivalents at beginning of year 2,867,171 1,984,099
Cash and cash equivalents at end of year 1,816,400 2,316,752
Supplemental Disclosures of Cash Flow Information    
Additions to asset retirement obligations 84,786 78,706
Supplemental schedule of noncash investing and financing activities:    
Gross additions to properties and equipment 17,290,125 13,310,629
Net (increase) decrease in accounts payable for properties and equipment additions 1,923,318 (260,682)
Capital expenditures and acquisitions, including dry hole costs $ 19,213,443 $ 13,049,947
[1] At the end of each quarter, the Company assesses the carrying value of its producing properties for impairment. This assessment utilizes estimates of future cash flows. Significant judgments and assumptions in these assessments include estimates of future oil and natural gas prices using a forward NYMEX curve adjusted for locational basis differentials, drilling plans, expected capital costs and an applicable discount rate commensurate with risk of the underlying cash flow estimates. These assessments identified certain properties with carrying value in excess of their calculated fair values.