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Supplementary Information On Oil, NGL And Natural Gas Reserves (Tables)
12 Months Ended
Sep. 30, 2019
Extractive Industries [Abstract]  
Summary Of Capitalized Costs Of Oil And Natural Gas Properties And Related Depreciation, Depletion And Amortization

 

 

 

2019

 

 

2018

 

Producing properties

 

$

354,718,398

 

 

$

427,448,584

 

Non-producing minerals

 

 

14,413,899

 

 

 

12,378,395

 

Non-producing leasehold

 

 

185,124

 

 

 

185,124

 

Exploratory wells in progress

 

 

-

 

 

 

-

 

 

 

 

369,317,421

 

 

 

440,012,103

 

Accumulated depreciation, depletion and amortization

 

 

(258,063,849

)

 

 

(242,169,604

)

Net capitalized costs

 

$

111,253,572

 

 

$

197,842,499

 

Summary Of Costs Incurred In Oil And Natural Gas Producing Activities

 

 

 

2019

 

 

2018

 

 

2017

 

Property acquisition costs

 

$

6,235,905

 

 

$

11,409,673

 

 

$

20,190

 

Exploration costs

 

 

-

 

 

 

-

 

 

 

-

 

Development costs

 

 

3,012,095

 

 

 

10,291,476

 

 

 

25,382,377

 

 

 

$

9,248,000

 

 

$

21,701,149

 

 

$

25,402,567

 

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, 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(3,266,351

)

 

 

(890,046

)

 

 

(35,644,135

)

 

 

(60.6

)

Acquisitions (divestitures)

 

 

(322,023

)

 

 

(18,881

)

 

 

(948,496

)

 

 

(3.0

)

Extensions, discoveries and other additions

 

 

313,241

 

 

 

164,276

 

 

 

3,891,262

 

 

 

6.8

 

Production

 

 

(329,199

)

 

 

(216,259

)

 

 

(7,086,761

)

 

 

(10.4

)

September 30, 2019

 

 

2,380,090

 

 

 

1,973,280

 

 

 

80,273,906

 

 

 

106.4

 

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, 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

 

September 30, 2019

 

 

1,863,096

 

 

 

1,747,242

 

 

 

67,713,193

 

 

 

516,994

 

 

 

226,038

 

 

 

12,560,713

 

Summary Of Proved Undeveloped Reserves

 

Beginning proved undeveloped reserves

 

 

63,899,996

 

Proved undeveloped reserves transferred to proved developed

 

 

(1,763,402

)

Revisions

 

 

(48,404,716

)

Extensions and discoveries

 

 

4,679,986

 

Sales

 

 

(1,648,780

)

Purchases

 

 

255,821

 

Ending proved undeveloped reserves

 

 

17,018,905

 

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

 

 

 

2019

 

 

2018

 

 

2017

 

Future cash inflows

 

$

366,697,321

 

 

$

759,899,074

 

 

$

637,509,599

 

Future production costs

 

 

(153,935,373

)

 

 

(259,413,766

)

 

 

(256,193,675

)

Future development and asset retirement costs

 

 

(1,917,937

)

 

 

(89,518,449

)

 

 

(93,133,683

)

Future income tax expense

 

 

(47,788,416

)

 

 

(95,872,182

)

 

 

(102,193,819

)

Future net cash flows

 

 

163,055,595

 

 

 

315,094,677

 

 

 

185,988,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10% annual discount

 

 

(77,494,066

)

 

 

(158,768,823

)

 

 

(105,155,847

)

Standardized measure of discounted future net

   cash flows

 

$

85,561,529

 

 

$

156,325,854

 

 

$

80,832,575

 

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

 

 

 

2019

 

 

2018

 

 

2017

 

Beginning of year

 

$

156,325,854

 

 

$

80,832,575

 

 

$

29,770,119

 

Changes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

Sales of oil, NGL and natural gas, net of

   production costs

 

 

(25,072,122

)

 

 

(32,836,007

)

 

 

(25,783,055

)

Net change in sales prices and production costs

 

 

(76,588,460

)

 

 

47,533,281

 

 

 

37,186,619

 

Net change in future development and asset

   retirement costs

 

 

43,607,535

 

 

 

1,580,942

 

 

 

(7,939,156

)

Extensions and discoveries

 

 

7,074,245

 

 

 

34,667,557

 

 

 

38,582,908

 

Revisions of quantity estimates

 

 

(60,308,497

)

 

 

(8,391,223

)

 

 

15,282,587

 

Acquisitions (divestitures) of reserves-in-place

 

 

(3,134,783

)

 

 

(307,472

)

 

 

(962,667

)

Accretion of discount

 

 

20,457,930

 

 

 

12,602,209

 

 

 

4,789,294

 

Net change in income taxes

 

 

23,413,194

 

 

 

(3,057,128

)

 

 

(27,070,430

)

Change in timing and other, net

 

 

(213,367

)

 

 

23,701,120

 

 

 

16,976,356

 

Net change

 

 

(70,764,325

)

 

 

75,493,279

 

 

 

51,062,456

 

End of year

 

$

85,561,529

 

 

$

156,325,854

 

 

$

80,832,575