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Statements Of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Operating Activities      
Net income (loss) $ (40,744,938) $ 14,635,669 $ 3,531,933
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 18,196,583 18,395,040 18,397,548
Impairment 76,824,337 [1] 0 662,990 [1]
Provision for deferred income taxes (12,112,000) (12,963,000) 375,000
Gain from leasing fee mineral acreage (1,546,298) (1,520,262) (5,147,957)
Proceeds from leasing fee mineral acreage 1,565,649 1,564,225 5,194,290
Net (gain) loss on sales of assets (18,730,197) 660,597 94,889
Common stock contributed to ESOP 372,274 382,174 312,380
Common stock (unissued) to Directors' Deferred Compensation Plan 272,491 301,715 358,658
Fair value of derivative contracts (5,908,160) 3,930,175 (944,430)
Restricted stock awards 771,797 655,414 597,940
Other 19,085 6,326 (5,783)
Cash provided (used) by changes in assets and liabilities:      
Oil, NGL and natural gas sales receivables 2,723,983 483,856 (2,298,256)
Refundable income taxes (1,472,277) 456,780 (406,071)
Other current assets 21,116 57,752 165,557
Accounts payable 105,217 (140,600) (103,389)
Other non-current assets 7,166 (62,295)  
Accrued liabilities 639,856 100,328 (27,107)
Total adjustments 61,750,622 12,308,225 17,226,259
Net cash provided by operating activities 21,005,684 26,943,894 20,758,192
Investing Activities      
Capital expenditures (3,526,007) (11,590,135) (25,807,897)
Acquisition of minerals and overrides (5,662,869) (11,327,371)  
Investments in partnerships (1,648) 3,354 (23,563)
Proceeds from sales of assets 19,515,735 1,085,137 723,700
Net cash used in investing activities 10,325,211 (21,829,015) (25,107,760)
Financing Activities      
Borrowings under debt agreement 16,642,481 29,017,800 27,809,185
Payments of loan principal (32,217,481) (30,239,800) (20,087,185)
Purchases of treasury stock (7,454,000) (1,219,228) (601,853)
Payments of dividends (2,673,706) (2,698,940) (2,684,001)
Net cash provided by (used in) financing activities (25,702,706) (5,140,168) 4,436,146
Increase (decrease) in cash and cash equivalents 5,628,189 (25,289) 86,578
Cash and cash equivalents at beginning of year 532,502 557,791 471,213
Cash and cash equivalents at end of year 6,160,691 532,502 557,791
Supplemental Disclosures of Cash Flow Information      
Interest paid (net of capitalized interest) 2,031,762 1,730,461 1,212,878
Income taxes paid (net of refunds received) 103,279 (232,782) 720,072
Supplemental schedule of noncash investing and financing activities:      
Additions and revisions, net, to asset retirement obligations 27,782 17,216 624,893
Gross additions to properties and equipment 9,248,415 21,711,279 25,406,894
Net (increase) decrease in accounts payable for properties and equipment additions (59,539) 1,206,227 401,003
Capital expenditures, including dry hole costs $ 9,188,876 $ 22,917,506 $ 25,807,897
[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.