Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2014

Summary Of Significant Accounting Policies [Abstract]

Summary Of Derivative Instruments Contracts

Derivative contracts in place as of September 30, 2013

(prices below reflect the Company’s net price from the listed pipelines)

	Production volume	Indexed
Contract period	covered per month	Pipeline	Fixed price
Natural gas costless collars
February - December 2013	80,000 Mmbtu	NYMEX Henry Hub	$3.75 floor / $4.25 ceiling
February - December 2013	50,000 Mmbtu	NYMEX Henry Hub	$3.75 floor / $4.30 ceiling
February - December 2013	100,000 Mmbtu	NYMEX Henry Hub	$3.75 floor / $4.05 ceiling
November 2013 - April 2014	160,000 Mmbtu	NYMEX Henry Hub	$4.00 floor / $4.55 ceiling
Natural gas fixed price swaps
March - October 2013	100,000 Mmbtu	NYMEX Henry Hub	$3.505
March - October 2013	70,000 Mmbtu	NYMEX Henry Hub	$3.400
April - December 2013	40,000 Mmbtu	NYMEX Henry Hub	$3.655
May - November 2013	100,000 Mmbtu	NYMEX Henry Hub	$4.320
Oil costless collars
March - December 2013	3,000 Bbls	NYMEX WTI	$90.00 floor / $102.00 ceiling
March - December 2013	4,000 Bbls	NYMEX WTI	$90.00 floor / $101.50 ceiling
May - December 2013	2,000 Bbls	NYMEX WTI	$90.00 floor / $97.50 ceiling
January - June 2014	4,000 Bbls	NYMEX WTI	$90.00 floor / $101.50 ceiling
Oil fixed price swaps
September - December 2013	4,000 Bbls	NYMEX WTI	$105.25

Derivative contracts in place as of September 30, 2014

(prices below reflect the Company’s net price from the listed pipelines)

	Production volume	Indexed
Contract period	covered per month	pipeline	Fixed price
Natural gas costless collars
July - December 2014	140,000 Mmbtu	NYMEX Henry Hub	$3.75 floor / $4.50 ceiling
Natural gas fixed price swaps
July - December 2014	140,000 Mmbtu	NYMEX Henry Hub	$4.11
May - October 2014	30,000 Mmbtu	NYMEX Henry Hub	$4.30
October - December 2014	40,000 Mmbtu	NYMEX Henry Hub	$4.61
Oil costless collars
January - December 2014	4,000 Bbls	NYMEX WTI	$85.00 floor / $100.00 ceiling
July - December 2014	5,000 Bbls	NYMEX WTI	$90.00 floor / $97.00 ceiling
Oil fixed price swaps
January - December 2014	3,000 Bbls	NYMEX WTI	$94.50
June - December 2014	4,000 Bbls	NYMEX WTI	$99.40
July - December 2014	4,000 Bbls	NYMEX WTI	$95.25
July - December 2014	5,000 Bbls	NYMEX WTI	$94.20
January - March 2015	6,000 Bbls	NYMEX WTI	$92.85
January - June 2015	7,000 Bbls	NYMEX WTI	$96.80
January - June 2015	5,000 Bbls	NYMEX WTI	$97.40
January - June 2015	4,000 Bbls	NYMEX WTI	$97.25
April - December 2015	5,000 Bbls	NYMEX WTI	$94.56
July - December 2015	7,000 Bbls	NYMEX WTI	$93.91

Summary Of Derivative Contracts

	9/30/2014						9/30/2013
	Fair Value (a)						Fair Value (a)
	Commodity Contracts						Commodity Contracts
	Current Assets		Current Liabilities		Non-Current Assets		Current Assets		Current Liabilities
Gross amounts recognized	$	1,658,785	$	8,222	$	251,279	$	665,099	$	239,901
Offsetting adjustments		(8,222)		(8,222)		-		(239,901)		(239,901)
Net presentation on
Balance Sheets	$	1,650,563	$	-	$	251,279	$	425,198	$	-

(a)See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.

Summary Of Fair Value Measurement Information For Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

	Fair Value Measurement at September 30, 2014
	Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total Fair
	(Level 1)		(Level 2)		(Level 3)		Value
Financial Assets (Liabilities):
Derivative Contracts - Swaps	$	-	$	1,871,798	$	-	$	1,871,798
Derivative Contracts - Collars	$	-	$	-	$	30,044	$	30,044

	Fair Value Measurement at September 30, 2013
	Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total Fair
	(Level 1)		(Level 2)		(Level 3)		Value
Financial Assets (Liabilities):
Derivative Contracts - Swaps	$	-	$	182,296	$	-	$	182,296
Derivative Contracts - Collars	$	-	$	-	$	242,902	$	242,902

Summary Of Unobservable Inputs For Level 3 Fair Value Measurements

Instrument Type	Unobservable Input	Range	Weighted Average	Fair Value        Assets (Liabilities) September 30, 2014
Oil Collars	Oil price volatility curve	0% - 9.90%	6.23%	$	38,266
Natural Gas Collars	Natural gas price volatility curve	0% - 14.15%	7.87%	$	(8,222)

Summary Of Reconciliation Of Assets Classified As Level 3 Measurements

	Derivatives
Net Asset (Liability) Balance of Level 3 as of October 1, 2013	$	242,902
Total gains or (losses):
Included in earnings		568,326
Included in other comprehensive income (loss)		-
Purchases, issuances and settlements		(781,184)
Transfers in and out of Level 3		-
Net Asset (Liability) Balance of Level 3 as of September 30, 2014	$	30,044

Summary Of Impairments Associated With Certain Assets Measured At Fair Value On A Nonrecurring Basis Within Level 3

	Year Ended September 30,
	2014				2013
	Fair Value		Impairment		Fair Value		Impairment
Producing Properties (a)	$	988,673	$	1,096,076	$	356,855	$	530,670

(a) At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment. This assessment utilized estimates of future cash flows. Significant judgments and assumptions in these assessments include estimates of future oil, NGL 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.

Summary Of Asset Retirement Obligation

	2014		2013
Asset Retirement Obligations as of beginning of the year	$	2,393,190	$	2,122,950
Accretion of Discount		127,656		122,391
Wells Acquired or Drilled		251,155		167,609
Wells Sold or Plugged		(133,531)		(19,760)
Asset Retirement Obligations as of end of the year	$	2,638,470	$	2,393,190