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Condensed Statements Of Cash Flows - USD ($)
9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income (loss) $ 10,209,022 $ 15,703,476
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 17,680,069 15,562,630
Impairment [1] 3,532,760 430,143
Provision for deferred income taxes 2,854,000 5,964,000
Exploration costs 48,368 70,140
Gain from leasing fee mineral acreage (1,973,773) (352,930)
Net (gain) loss on sales of assets   152,766
Income from partnerships (373,555) (565,523)
Distributions received from partnerships 535,400 734,825
Directors' deferred compensation expense 232,088 269,608
Restricted stock awards 740,043 499,791
Cash provided (used) by changes in assets and liabilities:    
Oil, NGL and natural gas sales receivables 6,771,690 (1,349,892)
Fair value of derivative contracts (3,500,264) 2,431,427
Refundable production taxes 40,035 281,741
Other current assets 158,431 (25,098)
Accounts payable 148,384 443,438
Income taxes receivable   (3,160,243)
Income taxes payable 518,003 (751,992)
Accrued liabilities (272,899) 100,229
Total adjustments 27,138,780 20,735,060
Net cash provided by operating activities 37,347,802 36,438,536
Investing Activities    
Capital expenditures, including dry hole costs (23,613,349) (26,693,851)
Acquisition of working interest properties (308,180) (86,759,445)
Acquisition of minerals and overrides   (56,250)
Proceeds from leasing fee mineral acreage 2,018,707 381,280
Investments in partnerships (313,053) (248,066)
Proceeds from sales of assets   92,000
Net cash used in investing activities (22,215,875) (113,284,332)
Financing Activities    
Borrowings under debt agreement 23,013,234 95,112,044
Payments of loan principal (35,513,234) (17,521,506)
Purchases of treasury stock (242,313) (122,044)
Payments of dividends (2,001,150) (1,995,812)
Excess tax benefit on stock-based compensation 27,000 17,000
Net cash provided by (used in) financing activities (14,716,463) 75,489,682
Increase (decrease) in cash and cash equivalents 415,464 (1,356,114)
Cash and cash equivalents at beginning of period 509,755 2,867,171
Cash and cash equivalents at end of period 925,219 1,511,057
Supplemental Schedule of Noncash Investing and Financing Activities:    
Additions to asset retirement obligations 52,017 370,536
Gross additions to properties and equipment 22,686,530 109,182,119
Net (increase) decrease in accounts payable for properties and equipment additions 1,234,999 4,327,427
Capital expenditures and acquisitions, including dry hole costs $ 23,921,529 $ 113,509,546
[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.