Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

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

The following table provides fair value measurement information for financial assets and liabilities measured at fair value on a recurring basis.

	Fair Value Measurement at December 31, 2023
	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	$	-	$	1,706,042	$	-	$	1,706,042
Derivative Contracts - Collars	$	-	$	1,577,545	$	-	$	1,577,545

	Fair Value Measurement at September 30, 2022
	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	$	-	$	(7,622,390	)	$	-	$	(7,622,390	)
Derivative Contracts - Collars	$	-	$	(938,801	)	$	-	$	(938,801	)

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

The following table presents impairments associated with certain assets that have been measured at fair value on a nonrecurring basis within Level 3 of the fair value hierarchy.

	Year Ended December 31,				Three Months Ended December 31,				Year Ended September 30,
	2023				2022				2022
	Fair Value		Impairment		Fair Value		Impairment		Fair Value		Impairment
Producing Properties (a)	$	-	$	-	$	-	$	-	$	-	$	-

(a)At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment if indicators of impairment existed at such time. If indicators of impairment exist, the Company utilizes estimates of future cash flows of proved properties or fair value (selling price) less cost to sell if the property is held for sale. Significant judgments and assumptions in these assessments include estimates of future natural gas, oil and NGL prices using a forward NYMEX curve adjusted for projected inflation, 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. This table excludes impairments on properties that were written off in the amount of $38,533 and $14,565 for the year ended December 31, 2023 and year ended September 30, 2022, respectively. This table excludes impairments on held for sale assets associated with the sale of non-operated working interest wellbores to their fair value in the amount of $6,100,696 for the three months ended December 31, 2022.