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Condensed Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net income $ 8,240,953 $ 7,188,375
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 17,090,187 13,680,737
Impairment 225,841 [1] 786,724 [1]
Provision for deferred income taxes 2,651,000 1,261,257
Exploration costs 60,827 384,199
Gain from leasing of fee mineral acreage (538,133) (6,929,651)
Net gain on sale of assets (208,750) (119,794)
Income from partnerships (470,286) (355,898)
Distributions received from partnerships 603,249 436,489
Directors' deferred compensation expense 288,745 314,655
Restricted stock awards 541,937 239,858
Cash provided by changes in assets and liabilities:    
Oil, NGL and natural gas sales receivables (3,885,005) 2,645,853
Fair value of derivative contracts (987,249) 46,468
Refundable production taxes 253,048 78,978
Other current assets 78,889 13,727
Accounts payable (48,038) 374,076
Income taxes receivable 325,715 354,246
Other non-current assets   308
Income taxes payable 50,854 690,951
Accrued liabilities (80,570) (104,279)
Total adjustments 15,952,261 13,798,904
Net cash provided by operating activities 24,193,214 20,987,279
Investing Activities    
Capital expenditures, including dry hole costs (20,576,359) (16,026,416)
Acquisition of working interest properties   (17,399,052)
Acquisition of minerals and overrides (783,750) (2,625,569)
Proceeds from leasing of fee mineral acreage 557,196 7,042,364
Investments in partnerships (607,702) (321,640)
Proceeds from sales of assets 870,610 131,843
Net cash used in investing activities (20,540,005) (29,198,470)
Financing Activities    
Borrowings under debt agreement 9,353,651 33,385,738
Payments of loan principal (10,663,399) (25,385,738)
Purchase of treasury stock (1,214,638) (1,158,957)
Payments of dividends (1,746,217) (1,740,920)
Excess tax benefit on stock-based compensation 15,000 83,743
Net cash provided by (used in) financing activities (4,255,603) 5,183,866
Increase (decrease) in cash and cash equivalents (602,394) (3,027,325)
Cash and cash equivalents at beginning of period 1,984,099 3,506,999
Cash and cash equivalents at end of period 1,381,705 479,674
Supplemental Schedule of Noncash Investing and Financing Activities    
Additions to asset retirement obligations 119,166 45,702
Gross additions to properties and equipment 21,660,852 35,945,287
Net (increase) decrease in accounts payable for properties and equipment additions (300,743) 105,750
Capital expenditures and acquisitions, including dry hole costs $ 21,360,109 $ 36,051,037
[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 net 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.