XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Statements Of Cash Flows - USD ($)
6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income (loss) $ 10,804,606 $ 14,855,115
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 7,437,662 9,516,902
Provision for deferred income taxes 3,942,000 (12,771,000)
Gain from leasing fee mineral acreage (722,912) (595,946)
Proceeds from leasing fee mineral acreage 737,812 610,552
Net (gain) loss on sales of assets (9,096,938) 466,128
Directors' deferred compensation expense 132,280 170,826
Fair value of derivative contracts (4,231,222) 2,486,518
Restricted stock awards 446,321 347,838
Other 9,326 (1,337)
Cash provided (used) by changes in assets and liabilities:    
Oil, NGL and natural gas sales receivables 715,935 1,110,368
Other current assets (172,645) (87,495)
Accounts payable (77,977) (73,066)
Income taxes receivable (538,150) (302,370)
Other non-current assets 17,317 (66,364)
Accrued liabilities (342,361) (306,687)
Total adjustments (1,743,552) 504,867
Net cash provided by operating activities 9,061,054 15,359,982
Investing Activities    
Capital expenditures (4,159,683) (6,544,481)
Acquisition of minerals and overrides (1,809,775)  
Investments in partnerships (199) 7,493
Proceeds from sales of assets 9,096,938 1,129,705
Net cash provided (used) by investing activities 3,127,281 (5,407,283)
Financing Activities    
Borrowings under debt agreement 8,686,270 10,596,451
Payments of loan principal (15,586,270) (19,318,671)
Purchases of treasury stock (3,967,685) (272,100)
Payments of dividends (1,348,170) (1,347,608)
Net cash provided (used) by financing activities (12,215,855) (10,341,928)
Increase (decrease) in cash and cash equivalents (27,520) (389,229)
Cash and cash equivalents at beginning of period 532,502 557,791
Cash and cash equivalents at end of period 504,982 168,562
Supplemental Schedule of Noncash Investing and Financing Activities:    
Additions to asset retirement obligations 27,562 13,871
Gross additions to properties and equipment 5,654,060 5,556,196
Net (increase) decrease in accounts payable for properties and equipment additions 315,398 988,285
Capital expenditures and acquisitions $ 5,969,458 $ 6,544,481