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Properties And Equipment (Tables)
12 Months Ended
Sep. 30, 2020
Property Plant And Equipment [Abstract]  
Schedule of Asset Retirement Obligations

The following table shows the activity for the years ended September 30, 2020 and 2019, relating to the Company’s asset retirement obligations:

 

 

 

2020

 

 

2019

 

Asset retirement obligations as of beginning of the year

 

$

2,835,781

 

 

$

2,809,378

 

Wells acquired or drilled

 

 

4

 

 

 

27,783

 

Wells sold or plugged

 

 

(68,668

)

 

 

(134,090

)

Accretion of discount

 

 

130,405

 

 

 

132,710

 

Asset retirement obligations as of end of the year

 

$

2,897,522

 

 

$

2,835,781