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Supplementary Information On Oil, NGL And Natural Gas Reserves (Tables)
12 Months Ended
Sep. 30, 2016
Extractive Industries [Abstract]  
Summary Of Capitalized Costs Of Oil And Natural Gas Properties And Related Depreciation, Depletion And Amortization

 

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

Producing properties

 

$

434,469,093

 

 

$

441,141,337

 

Non-producing minerals

 

 

7,364,630

 

 

 

8,088,134

 

Non-producing leasehold

 

 

204,101

 

 

 

204,101

 

Exploratory wells in progress

 

 

5,917

 

 

 

1,762

 

 

 

 

442,043,741

 

 

 

449,435,334

 

Accumulated depreciation, depletion and amortization

 

 

(251,004,735

)

 

 

(227,165,334

)

Net capitalized costs

 

$

191,039,006

 

 

$

222,270,000

 

 

Summary Of Costs Incurred In Oil And Natural Gas Producing Activities

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property acquisition costs

 

$

-

 

 

$

146,261

 

 

$

83,405,404

 

Exploration costs

 

 

21,049

 

 

 

898,818

 

 

 

2,013,231

 

Development costs

 

 

5,075,710

 

 

 

24,931,571

 

 

 

34,219,072

 

 

 

$

5,096,759

 

 

$

25,976,650

 

 

$

119,637,707

 

 

Summary Of Net Quantities Of Proved, Developed And Undeveloped Oil And Natural Gas Reserves

 

 

 

Proved Reserves

 

 

 

Oil

 

 

NGL

 

 

Natural Gas

 

 

 

(Barrels)

 

 

(Barrels)

 

 

(Mcf)

 

September 30, 2013

 

 

1,643,303

 

 

 

1,616,126

 

 

 

132,289,167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(50,025

)

 

 

469,897

 

 

 

(3,917,380

)

Acquisitions (divestitures)

 

 

5,882,886

 

 

 

884,889

 

 

 

8,191,448

 

Extensions, discoveries and other additions

 

 

439,802

 

 

 

276,957

 

 

 

16,702,684

 

Production

 

 

(346,387

)

 

 

(207,688

)

 

 

(10,773,559

)

September 30, 2014

 

 

7,569,579

 

 

 

3,040,181

 

 

 

142,492,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(1,697,309

)

 

 

(425,300

)

 

 

(31,273,207

)

Acquisitions (divestitures)

 

 

-

 

 

 

-

 

 

 

-

 

Extensions, discoveries and other additions

 

 

1,619,285

 

 

 

516,679

 

 

 

18,740,114

 

Production

 

 

(453,125

)

 

 

(210,960

)

 

 

(9,745,223

)

September 30, 2015

 

 

7,038,430

 

 

 

2,920,600

 

 

 

120,214,044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(1,552,010

)

 

 

(1,192,143

)

 

 

(47,068,144

)

Acquisitions (divestitures)

 

 

-

 

 

 

-

 

 

 

-

 

Extensions, discoveries and other additions

 

 

303,922

 

 

 

65,306

 

 

 

16,864,075

 

Production

 

 

(364,252

)

 

 

(171,060

)

 

 

(8,284,377

)

September 30, 2016

 

 

5,426,090

 

 

 

1,622,703

 

 

 

81,725,598

 

 

Summary Of Proved Developed And Undeveloped Reserves

 

 

 

Proved Developed Reserves

 

 

Proved Undeveloped Reserves

 

 

 

Oil

 

 

NGL

 

 

Natural Gas

 

 

Oil

 

 

NGL

 

 

Natural Gas

 

 

 

(Barrels)

 

 

(Barrels)

 

 

(Mcf)

 

 

(Barrels)

 

 

(Barrels)

 

 

(Mcf)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

 

2,890,678

 

 

 

1,564,859

 

 

 

88,512,767

 

 

 

4,678,901

 

 

 

1,475,322

 

 

 

53,979,593

 

September 30, 2015

 

 

2,725,077

 

 

 

1,466,834

 

 

 

82,899,159

 

 

 

4,313,353

 

 

 

1,453,766

 

 

 

37,314,885

 

September 30, 2016

 

 

1,980,519

 

 

 

1,095,256

 

 

 

62,929,047

 

 

 

3,445,571

 

 

 

527,447

 

 

 

18,796,551

 

 

Summary Of Proved Undeveloped Reserves

 

Beginning proved undeveloped reserves

 

 

71,917,599

 

Proved undeveloped reserves transferred to proved developed

 

 

(1,806,525

)

Revisions

 

 

(44,108,114

)

Extensions and discoveries

 

 

16,631,699

 

Purchases

 

 

-

 

Ending proved undeveloped reserves

 

 

42,634,659

 

 

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Future cash inflows

 

$

380,263,695

 

 

$

786,295,155

 

 

$

1,405,400,261

 

Future production costs

 

 

(182,948,045

)

 

 

(311,933,151

)

 

 

(423,512,430

)

Future development and asset retirement costs

 

 

(72,431,842

)

 

 

(124,857,957

)

 

 

(146,465,509

)

Future income tax expense

 

 

(38,674,100

)

 

 

(123,007,909

)

 

 

(308,149,182

)

Future net cash flows

 

 

86,209,708

 

 

 

226,496,138

 

 

 

527,273,140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10% annual discount

 

 

(56,439,589

)

 

 

(144,904,927

)

 

 

(322,490,636

)

Standardized measure of discounted future net

   cash flows

 

$

29,770,119

 

 

$

81,591,211

 

 

$

204,782,504

 

 

Summary Of Changes In Standardized Measure Of Discounted Future Net Cash Flows

 

 

 

2016

 

 

2015

 

 

2014

 

Beginning of year

 

$

81,591,211

 

 

$

204,782,504

 

 

$

101,674,896

 

Changes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

Sales of oil, NGL and natural gas, net of

   production costs

 

 

(16,749,632

)

 

 

(35,359,204

)

 

 

(66,239,618

)

Net change in sales prices and production costs

 

 

(86,198,778

)

 

 

(211,336,729

)

 

 

164,240,162

 

Net change in future development and asset

   retirement costs

 

 

21,636,258

 

 

 

9,569,985

 

 

 

(46,593,511

)

Extensions and discoveries

 

 

11,640,704

 

 

 

34,327,400

 

 

 

44,308,910

 

Revisions of quantity estimates

 

 

(41,716,689

)

 

 

(51,375,950

)

 

 

(3,235,695

)

Acquisitions (divestitures) of reserves-in-place

 

 

-

 

 

 

-

 

 

 

102,945,609

 

Accretion of discount

 

 

14,424,032

 

 

 

37,000,855

 

 

 

17,646,314

 

Net change in income taxes

 

 

44,533,277

 

 

 

102,592,290

 

 

 

(90,457,070

)

Change in timing and other, net

 

 

609,736

 

 

 

(8,609,940

)

 

 

(19,507,493

)

Net change

 

 

(51,821,092

)

 

 

(123,191,293

)

 

 

103,107,608

 

End of year

 

$

29,770,119

 

 

$

81,591,211

 

 

$

204,782,504