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Supplementary Information On Oil, NGL And Natural Gas Reserves (Tables)
12 Months Ended
Sep. 30, 2017
Extractive Industries [Abstract]  
Summary Of Capitalized Costs Of Oil And Natural Gas Properties And Related Depreciation, Depletion And Amortization

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

Producing properties

 

$

434,571,516

 

 

$

434,469,093

 

Non-producing minerals

 

 

7,243,802

 

 

 

7,364,630

 

Non-producing leasehold

 

 

185,125

 

 

 

204,101

 

Exploratory wells in progress

 

 

-

 

 

 

5,917

 

 

 

 

442,000,443

 

 

 

442,043,741

 

Accumulated depreciation, depletion and amortization

 

 

(245,640,247

)

 

 

(251,004,735

)

Net capitalized costs

 

$

196,360,196

 

 

$

191,039,006

 

 

Summary Of Costs Incurred In Oil And Natural Gas Producing Activities

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property acquisition costs

 

$

20,190

 

 

$

-

 

 

$

146,261

 

Exploration costs

 

 

-

 

 

 

21,049

 

 

 

898,818

 

Development costs

 

 

25,382,377

 

 

 

5,075,710

 

 

 

24,931,571

 

 

 

$

25,402,567

 

 

$

5,096,759

 

 

$

25,976,650

 

 

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

 

 

 

Proved Reserves

 

 

 

Oil

 

 

NGL

 

 

Natural Gas

 

 

Total

 

 

 

(Barrels)

 

 

(Barrels)

 

 

(Mcf)

 

 

Bcfe

 

September 30, 2014

 

 

7,569,579

 

 

 

3,040,181

 

 

 

142,492,360

 

 

 

206.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(1,697,309

)

 

 

(425,300

)

 

 

(31,273,207

)

 

 

(44.0

)

Acquisitions (divestitures)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Extensions, discoveries and other additions

 

 

1,619,285

 

 

 

516,679

 

 

 

18,740,114

 

 

 

31.6

 

Production

 

 

(453,125

)

 

 

(210,960

)

 

 

(9,745,223

)

 

 

(13.7

)

September 30, 2015

 

 

7,038,430

 

 

 

2,920,600

 

 

 

120,214,044

 

 

 

180.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(1,552,010

)

 

 

(1,192,143

)

 

 

(47,068,144

)

 

 

(63.5

)

Acquisitions (divestitures)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Extensions, discoveries and other additions

 

 

303,922

 

 

 

65,306

 

 

 

16,864,075

 

 

 

19.1

 

Production

 

 

(364,252

)

 

 

(171,060

)

 

 

(8,284,377

)

 

 

(11.5

)

September 30, 2016

 

 

5,426,090

 

 

 

1,622,703

 

 

 

81,725,598

 

 

 

124.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

253,481

 

 

 

407,250

 

 

 

13,651,501

 

 

 

17.6

 

Acquisitions (divestitures)

 

 

(37,724

)

 

 

(12,953

)

 

 

(669,064

)

 

 

(1.0

)

Extensions, discoveries and other additions

 

 

178,497

 

 

 

541,557

 

 

 

34,681,614

 

 

 

39.0

 

Production

 

 

(310,677

)

 

 

(173,858

)

 

 

(8,194,529

)

 

 

(11.1

)

September 30, 2017

 

 

5,509,667

 

 

 

2,384,699

 

 

 

121,195,120

 

 

 

168.6

 

 

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, 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

 

September 30, 2017

 

 

2,201,528

 

 

 

1,768,425

 

 

 

87,861,043

 

 

 

3,308,139

 

 

 

616,274

 

 

 

33,334,077

 

 

Summary Of Proved Undeveloped Reserves

 

Beginning proved undeveloped reserves

 

 

42,634,659

 

Proved undeveloped reserves transferred to proved developed

 

 

(15,670,848

)

Revisions

 

 

819,338

 

Extensions and discoveries

 

 

29,097,406

 

Purchases

 

 

-

 

Ending proved undeveloped reserves

 

 

56,880,555

 

 

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Future cash inflows

 

$

637,509,599

 

 

$

380,263,695

 

 

$

786,295,155

 

Future production costs

 

 

(256,193,675

)

 

 

(182,948,045

)

 

 

(311,933,151

)

Future development and asset retirement costs

 

 

(93,133,683

)

 

 

(72,431,842

)

 

 

(124,857,957

)

Future income tax expense

 

 

(102,193,819

)

 

 

(38,674,100

)

 

 

(123,007,909

)

Future net cash flows

 

 

185,988,422

 

 

 

86,209,708

 

 

 

226,496,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10% annual discount

 

 

(105,155,847

)

 

 

(56,439,589

)

 

 

(144,904,927

)

Standardized measure of discounted future net

   cash flows

 

$

80,832,575

 

 

$

29,770,119

 

 

$

81,591,211

 

 

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

 

 

 

2017

 

 

2016

 

 

2015

 

Beginning of year

 

$

29,770,119

 

 

$

81,591,211

 

 

$

204,782,504

 

Changes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

Sales of oil, NGL and natural gas, net of

   production costs

 

 

(25,783,055

)

 

 

(16,749,632

)

 

 

(35,359,204

)

Net change in sales prices and production costs

 

 

37,186,619

 

 

 

(86,198,778

)

 

 

(211,336,729

)

Net change in future development and asset

   retirement costs

 

 

(7,939,156

)

 

 

21,636,258

 

 

 

9,569,985

 

Extensions and discoveries

 

 

38,582,908

 

 

 

11,640,704

 

 

 

34,327,400

 

Revisions of quantity estimates

 

 

15,282,587

 

 

 

(41,716,689

)

 

 

(51,375,950

)

Acquisitions (divestitures) of reserves-in-place

 

 

(962,667

)

 

 

-

 

 

 

-

 

Accretion of discount

 

 

4,789,294

 

 

 

14,424,032

 

 

 

37,000,855

 

Net change in income taxes

 

 

(27,070,430

)

 

 

44,533,277

 

 

 

102,592,290

 

Change in timing and other, net

 

 

16,976,356

 

 

 

609,736

 

 

 

(8,609,940

)

Net change

 

 

51,062,456

 

 

 

(51,821,092

)

 

 

(123,191,293

)

End of year

 

$

80,832,575

 

 

$

29,770,119

 

 

$

81,591,211