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

12 Months Ended

Sep. 30, 2014

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

	2014		2013
Producing properties	$	418,237,512	$	304,889,145
Non-producing minerals		8,247,509		8,490,277
Non-producing leasehold		302,631		442,628
Exploratory wells in progress		1,710,577		-
		428,498,229		313,822,050
Accumulated depreciation, depletion and amortization		(204,045,504)		(186,042,746)
Net capitalized costs	$	224,452,725	$	127,779,304

Summary Of Costs Incurred In Oil And Natural Gas Producing Activities

	2014		2013		2012
Property acquisition costs	$	83,405,404	$	1,242,615	$	20,404,465
Exploration costs		2,013,231		-		1,210,417
Development costs		34,219,072		27,938,160		24,578,943
	$	119,637,707	$	29,180,775	$	46,193,825

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

	Proved Reserves
	Oil	NGL	Natural Gas
	(Barrels)	(Barrels)	(Mcf)
September 30, 2011	843,738	791,648	101,837,984
Revisions of previous estimates	8,627	(76,794)	(27,389,752)
Acquisitions (divestitures)	-	-	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 (divestitures)	-	-	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
Revisions of previous estimates	(50,025)	469,897	(3,917,380)
Acquisitions (divestitures)	5,882,886	884,889	8,191,448
Extensions, discoveries and other additions	439,802	276,957	16,702,684
Production	(346,387)	(207,688)	(10,773,559)
September 30, 2014	7,569,579	3,040,181	142,492,360

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, 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
September 30, 2014	2,890,678	1,564,859	88,512,767	4,678,901	1,475,322	53,979,593

Summary Of Proved Undeveloped Reserves

Beginning proved undeveloped reserves	58,734,656
Proved undeveloped reserves transferred to proved developed	(17,488,307)
Revisions	(2,251,443)
Extensions and discoveries	17,776,338
Purchases	34,133,687
Ending proved undeveloped reserves	90,904,931

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

	2014		2013		2012
Future cash inflows	$	1,405,400,261	$	630,332,900	$	408,694,869
Future production costs		(423,512,430)		(216,584,982)		(135,516,703)
Future development and asset retirement costs		(146,465,509)		(50,572,218)		(35,290,260)
Future income tax expense		(308,149,182)		(131,397,192)		(83,543,516)
Future net cash flows		527,273,140		231,778,508		154,344,390
10% annual discount		(322,490,636)		(130,103,612)		(86,930,102)
Standardized measure of discounted
future net cash flows	$	204,782,504	$	101,674,896	$	67,414,288

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

	2014		2013		2012
Beginning of year	$	101,674,896	$	67,414,288	$	78,382,434
Changes resulting from:
Sales of oil, NGL and natural gas, net of production costs		(66,239,618)		(46,909,635)		(30,226,927)
Net change in sales prices and production costs		164,240,162		47,270,404		(45,178,377)
Net change in future development and asset retirement costs		(46,593,511)		(7,363,224)		4,483,543
Extensions and discoveries		44,308,910		54,101,830		34,216,533
Revisions of quantity estimates		(3,235,695)		(3,150,420)		(27,419,576)
Acquisitions (divestitures) of reserves-in-place		102,945,609		2,198,612		20,160,327
Accretion of discount		17,646,314		11,473,819		13,644,203
Net change in income taxes		(90,457,070)		(27,464,341)		10,735,694
Change in timing and other, net		(19,507,493)		4,103,563		8,616,434
Net change		103,107,608		34,260,608		(10,968,146)
End of year	$	204,782,504	$	101,674,896	$	67,414,288