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Supplementary Information On Oil, NGL And Natural Gas Reserves (Tables)
12 Months Ended
Sep. 30, 2018
Extractive Industries [Abstract]  
Summary Of Capitalized Costs Of Oil And Natural Gas Properties And Related Depreciation, Depletion And Amortization

 

 

 

2018

 

 

2017

 

Producing properties

 

$

427,448,584

 

 

$

434,571,516

 

Non-producing minerals

 

 

12,378,395

 

 

 

7,243,802

 

Non-producing leasehold

 

 

185,124

 

 

 

185,125

 

Exploratory wells in progress

 

 

-

 

 

 

-

 

 

 

 

440,012,103

 

 

 

442,000,443

 

Accumulated depreciation, depletion and amortization

 

 

(242,169,604

)

 

 

(245,640,247

)

Net capitalized costs

 

$

197,842,499

 

 

$

196,360,196

 

Summary Of Costs Incurred In Oil And Natural Gas Producing Activities

 

 

 

2018

 

 

2017

 

 

2016

 

Property acquisition costs

 

$

11,409,673

 

 

$

20,190

 

 

$

-

 

Exploration costs

 

 

-

 

 

 

-

 

 

 

21,049

 

Development costs

 

 

10,291,476

 

 

 

25,382,377

 

 

 

5,075,710

 

 

 

$

21,701,149

 

 

$

25,402,567

 

 

$

5,096,759

 

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, 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(1,407,995

)

 

 

303,728

 

 

 

(29,247

)

 

 

(6.7

)

Acquisitions (divestitures)

 

 

236,690

 

 

 

24,765

 

 

 

(1,782,949

)

 

 

(0.2

)

Extensions, discoveries and other additions

 

 

1,982,624

 

 

 

476,174

 

 

 

9,400,374

 

 

 

24.2

 

Production

 

 

(336,564

)

 

 

(255,176

)

 

 

(8,721,262

)

 

 

(12.3

)

September 30, 2018

 

 

5,984,422

 

 

 

2,934,190

 

 

 

120,062,036

 

 

 

173.6

 

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, 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

 

September 30, 2018

 

 

2,334,587

 

 

 

2,085,706

 

 

 

83,151,954

 

 

 

3,649,835

 

 

 

848,484

 

 

 

36,910,082

 

Summary Of Proved Undeveloped Reserves

 

Beginning proved undeveloped reserves

 

 

56,880,555

 

Proved undeveloped reserves transferred to proved developed

 

 

(2,158,716

)

Revisions

 

 

(12,456,931

)

Extensions and discoveries

 

 

20,413,545

 

Purchases

 

 

1,221,543

 

Ending proved undeveloped reserves

 

 

63,899,996

 

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

 

 

 

2018

 

 

2017

 

 

2016

 

Future cash inflows

 

$

759,899,074

 

 

$

637,509,599

 

 

$

380,263,695

 

Future production costs

 

 

(259,413,766

)

 

 

(256,193,675

)

 

 

(182,948,045

)

Future development and asset retirement costs

 

 

(89,518,449

)

 

 

(93,133,683

)

 

 

(72,431,842

)

Future income tax expense

 

 

(95,872,182

)

 

 

(102,193,819

)

 

 

(38,674,100

)

Future net cash flows

 

 

315,094,677

 

 

 

185,988,422

 

 

 

86,209,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10% annual discount

 

 

(158,768,823

)

 

 

(105,155,847

)

 

 

(56,439,589

)

Standardized measure of discounted future net

   cash flows

 

$

156,325,854

 

 

$

80,832,575

 

 

$

29,770,119

 

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

 

 

 

2018

 

 

2017

 

 

2016

 

Beginning of year

 

$

80,832,575

 

 

$

29,770,119

 

 

$

81,591,211

 

Changes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

Sales of oil, NGL and natural gas, net of

   production costs

 

 

(32,836,007

)

 

 

(25,783,055

)

 

 

(16,749,632

)

Net change in sales prices and production costs

 

 

47,533,281

 

 

 

37,186,619

 

 

 

(86,198,778

)

Net change in future development and asset

   retirement costs

 

 

1,580,942

 

 

 

(7,939,156

)

 

 

21,636,258

 

Extensions and discoveries

 

 

34,667,557

 

 

 

38,582,908

 

 

 

11,640,704

 

Revisions of quantity estimates

 

 

(8,391,223

)

 

 

15,282,587

 

 

 

(41,716,689

)

Acquisitions (divestitures) of reserves-in-place

 

 

(307,472

)

 

 

(962,667

)

 

 

-

 

Accretion of discount

 

 

12,602,209

 

 

 

4,789,294

 

 

 

14,424,032

 

Net change in income taxes

 

 

(3,057,128

)

 

 

(27,070,430

)

 

 

44,533,277

 

Change in timing and other, net

 

 

23,701,120

 

 

 

16,976,356

 

 

 

609,736

 

Net change

 

 

75,493,279

 

 

 

51,062,456

 

 

 

(51,821,092

)

End of year

 

$

156,325,854

 

 

$

80,832,575

 

 

$

29,770,119