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Statements Of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Operating Activities      
Net income (loss) $ 14,635,669 $ 3,531,933 $ (10,286,884)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 18,395,040 18,397,548 24,487,565
Impairment 0 662,990 [1] 12,001,271 [1]
Provision for deferred income taxes (12,963,000) 375,000 (9,960,000)
Gain from leasing fee mineral acreage (1,520,262) (5,147,957) (7,732,023)
Proceeds from leasing fee mineral acreage 1,564,225 5,194,290 8,049,434
Net (gain) loss on sales of assets 660,597 94,889 (2,688,408)
Common stock contributed to ESOP 382,174 312,380 200,158
Common stock (unissued) to Directors' Deferred Compensation Plan 301,715 358,658 329,465
Fair value of derivative contracts 3,930,175 (944,430) 4,639,035
Restricted stock awards 655,414 597,940 781,479
Other 6,326 (5,783) 81,606
Cash provided (used) by changes in assets and liabilities:      
Oil, NGL and natural gas sales receivables 483,856 (2,298,256) 2,589,146
Refundable income taxes 456,780 (406,071) 262,023
Other current assets 57,752 165,557 308,980
Accounts payable (140,600) (103,389) (811,749)
Other non-current assets (62,295)    
Accrued liabilities 100,328 (27,107) 388,053
Total adjustments 12,308,225 17,226,259 32,926,035
Net cash provided by operating activities 26,943,894 20,758,192 22,639,151
Investing Activities      
Capital expenditures, including dry hole costs (11,590,135) (25,807,897) (3,986,235)
Acquisition of minerals and overrides (11,327,371)    
Investments in partnerships 3,354 (23,563) 50,126
Proceeds from sales of assets 1,085,137 723,700 4,501,726
Net cash used in investing activities (21,829,015) (25,107,760) 565,617
Financing Activities      
Borrowings under debt agreement 29,017,800 27,809,185 12,339,101
Payments of loan principal (30,239,800) (20,087,185) (32,839,101)
Purchases of treasury stock (1,219,228) (601,853) (117,165)
Payments of dividends (2,698,940) (2,684,001) (2,677,305)
Excess tax benefit on stock-based compensation     (43,000)
Net cash provided by (used in) financing activities (5,140,168) 4,436,146 (23,337,470)
Increase (decrease) in cash and cash equivalents (25,289) 86,578 (132,702)
Cash and cash equivalents at beginning of year 557,791 471,213 603,915
Cash and cash equivalents at end of year 532,502 557,791 471,213
Supplemental Disclosures of Cash Flow Information      
Interest paid (net of capitalized interest) 1,730,461 1,212,878 1,365,474
Income taxes paid (net of refunds received) (232,782) 720,072 2,029,977
Supplemental schedule of noncash investing and financing activities:      
Additions and revisions, net, to asset retirement obligations 17,216 624,893 14,095
Gross additions to properties and equipment 21,711,279 25,406,894 5,118,733
Net (increase) decrease in accounts payable for properties and equipment additions 1,206,227 401,003 (1,132,498)
Capital expenditures, including dry hole costs $ 22,917,506 $ 25,807,897 $ 3,986,235
[1] At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment. This assessment utilized estimates of future cash flows or fair value (selling price) less cost to sell if the property is held for sale. Significant judgments and assumptions in these assessments include estimates of future oil, NGL and natural gas prices using a forward NYMEX curve adjusted for projected inflation, 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.