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Derivatives (Tables)
 3 Months Ended
Dec. 31, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary Of Derivative Instruments Contracts

Derivative contracts in place as of December 31, 2022

 

 

 

 

 

 

 

 

Calendar Period

 

Contract total volume

 

Index

 

Contract average price

Natural gas costless collars

 

 

 

 

 

 

2023

 

1,170,000 Mmbtu

 

NYMEX Henry Hub

 

$4.01 floor / $7.82 ceiling

2024

 

665,000 Mmbtu

 

NYMEX Henry Hub

 

$4.09 floor / $6.58 ceiling

Natural gas fixed price swaps

 

 

 

 

 

 

2023

 

1,780,000 Mmbtu

 

NYMEX Henry Hub

 

$3.37

Oil costless collars

 

 

 

 

 

 

2023

 

15,000 Bbls

 

NYMEX WTI

 

$75.00 floor / $96.00 ceiling

2024

 

10,400 Bbls

 

NYMEX WTI

 

$63.00 floor / $76.00 ceiling

Oil fixed price swaps

 

 

 

 

 

 

2023

 

57,000 Bbls

 

NYMEX WTI

 

$74.02
Summary of Gain or Loss on Derivative Contracts, Net Cash receipts or payments in the following table reflect the gain or loss on derivative contracts which settled during the respective periods, and the non-cash gain or loss reflect the change in fair value of derivative contracts as of the end of the respective periods.

 

Three Months Ended

 

 

December 31,

 

 

2022

 

 

2021

 

Cash received (paid) on derivative contracts:

 

 

 

 

 

Natural gas costless collars

$

(455,040

)

 

$

-

 

Natural gas fixed price swaps(1)

 

(1,896,872

)

 

 

(1,352,192

)

Oil costless collars

 

-

 

 

 

-

 

Oil fixed price swaps(1)

 

(566,127

)

 

 

(362,139

)

Cash received (paid) on derivative contracts, net

$

(2,918,039

)

 

$

(1,714,331

)

Non-cash gain (loss) on derivative contracts:

 

 

 

 

 

Natural gas costless collars

$

1,779,405

 

 

$

79,971

 

Natural gas fixed price swaps

 

4,557,865

 

 

 

4,477,934

 

Oil costless collars

 

(120,032

)

 

 

-

 

Oil fixed price swaps

 

47,803

 

 

 

(7,406

)

Non-cash gain (loss) on derivative contracts, net

$

6,265,041

 

 

$

4,550,499

 

Gains (losses) on derivative contracts, net

$

3,347,002

 

 

$

2,836,168

 

(1) For the three months ended December 31, 2022 and 2021, excludes $903,461 and $2,688,091, respectively, of cash paid to settle off-market derivative contracts that are not reflected on the Condensed Statements of Operations. Total cash paid related to off-market derivatives was $3,010,661 and $4,402,422, respectively, for the three months ended December 31, 2022 and 2021 and is reflected in the Financing Activities section of the Condensed Statements of Cash Flows.
Summary Of Derivative Contracts

 

 

December 31, 2022

 

 

September 30, 2022

 

 

 

Fair Value (a)

 

 

Fair Value (a)

 

 

 

Commodity Contracts

 

 

Commodity Contracts

 

 

 

Current Assets

 

 

Current Liabilities

 

 

Non-Current Assets

 

 

Non-Current Liabilities

 

 

Current Assets

 

 

Current Liabilities

 

 

Non-Current Assets

 

 

Non-Current Liabilities

 

Gross amounts recognized

 

$

908,001

 

 

$

2,442,035

 

 

$

627,664

 

 

$

486,319

 

 

$

924,258

 

 

$

8,798,237

 

 

$

124,983

 

 

$

812,195

 

Offsetting adjustments

 

 

(908,001

)

 

 

(908,001

)

 

 

(486,319

)

 

 

(486,319

)

 

 

(924,258

)

 

 

(924,258

)

 

 

(124,983

)

 

 

(124,983

)

Net presentation on condensed balance sheets

 

$

-

 

 

$

1,534,034

 

 

$

141,345

 

 

$

-

 

 

$

-

 

 

$

7,873,979

 

 

$

-

 

 

$

687,212

 

 

(a) See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.