Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2015

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



	Fair Value Measurement at June 30, 2015
	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	$	-	$	3,184,829	$	-	$	3,184,829
Derivative Contracts - Collars	$	-	$	-	$	2,217,277	$	2,217,277

Summary Of Unobservable Inputs For Level 3 Fair Value Measurements



Instrument Type	Unobservable Input	Range	Weighted Average	Fair Value June 30, 2015

Oil Collars	Oil price volatility curve	12.02% - 23.46%	17.09%	$	1,180,187
Natural Gas Collars	Natural gas price volatility curve	0% - 24.18%	14.42%	$	1,037,090

Summary Of Reconciliation Of Derivative Contracts Classified As Level 3 Measurements



	Derivatives
Balance of Level 3 as of October 1, 2014	$	30,044
Total gains or (losses)
Included in earnings		24,324
Included in other comprehensive income (loss)		-
Purchases, issuances and settlements		2,162,909
Transfers in and out of Level 3		-
Balance of Level 3 as of June 30, 2015	$	2,217,277

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



	Quarter Ended June 30,
	2015				2014
	Fair Value		Impairment		Fair Value		Impairment

Producing Properties (a)	$	203,216	$	132,118	$	-	$	-

	Nine Months Ended June 30,
	2015				2014
	Fair Value		Impairment		Fair Value		Impairment

Producing Properties (a)	$	4,036,434	$	3,532,760	$	628,097	$	430,143

(a) 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.