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Fair Value Measurements (Tables)
3 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Summary Of Fair Value Measurement Information For Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

Fair Value Measurement at December 31, 2017

 

 

 

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

 

$

-

 

 

$

(311,709

)

 

$

-

 

 

$

(311,709

)

Derivative Contracts - Collars

 

$

-

 

 

$

-

 

 

$

(23,168

)

 

$

(23,168

)

 

Summary Of Unobservable Inputs For Level 3 Fair Value Measurements

Instrument Type

 

Unobservable Input

 

Range

 

Weighted Average

 

 

Fair Value

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil Collars

 

Oil price volatility curve

 

0% - 21.42%

 

12.58%

 

 

$

(616,236

)

Natural Gas Collars

 

Gas price volatility curve

 

0% - 25.72%

 

16.66%

 

 

$

593,068

 

 

Summary Of Reconciliation Of Derivative Contracts Classified As Level 3 Measurements

 

 

Derivatives

 

Balance of Level 3 as of October 1, 2017

 

$

151,553

 

Total gains or (losses)

 

 

 

 

Included in earnings

 

 

(269,870

)

Included in other comprehensive income (loss)

 

 

-

 

Purchases, issuances and settlements

 

 

95,149

 

Transfers in and out of Level 3

 

 

-

 

Balance of Level 3 as of December 31, 2017

 

$

(23,168

)