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Supplementary Information On Natural Gas, Oil And NGL Reserves (Tables)
12 Months Ended
Sep. 30, 2020
Extractive Industries [Abstract]  
Summary Of Capitalized Costs Of Natural Gas and Oil Properties And Related Depreciation, Depletion And Amortization

 

 

 

2020

 

 

2019

 

Producing properties

 

$

324,886,491

 

 

$

354,718,398

 

Non-producing minerals

 

 

18,808,689

 

 

 

14,413,899

 

Non-producing leasehold

 

 

185,125

 

 

 

185,124

 

 

 

 

343,880,305

 

 

 

369,317,421

 

Accumulated depreciation, depletion and amortization

 

 

(263,277,422

)

 

 

(258,063,849

)

Net capitalized costs

 

$

80,602,883

 

 

$

111,253,572

 

Summary Of Costs Incurred In Natural Gas and Oil Producing Activities

 

 

 

2020

 

 

2019

 

 

2018

 

Property acquisition costs

 

$

10,453,119

 

 

$

6,235,905

 

 

$

11,409,673

 

Exploration costs

 

 

-

 

 

 

-

 

 

 

-

 

Development costs

 

 

273,825

 

 

 

3,012,095

 

 

 

10,291,476

 

 

 

$

10,726,944

 

 

$

9,248,000

 

 

$

21,701,149

 

Summary Of Net Quantities Of Proved, Developed And Undeveloped Natural Gas, Oil And NGL Reserves

 

 

 

Proved Reserves

 

 

 

Natural Gas

 

 

Oil

 

 

NGL

 

 

Total

 

 

 

(Mcf)

 

 

(Barrels)

 

 

(Barrels)

 

 

Bcfe

 

September 30, 2017

 

 

121,195,120

 

 

 

5,509,667

 

 

 

2,384,699

 

 

 

168.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(29,247

)

 

 

(1,407,995

)

 

 

303,728

 

 

 

(6.7

)

Acquisitions (divestitures)

 

 

(1,782,949

)

 

 

236,690

 

 

 

24,765

 

 

 

(0.2

)

Extensions, discoveries and other additions

 

 

9,400,374

 

 

 

1,982,624

 

 

 

476,174

 

 

 

24.2

 

Production

 

 

(8,721,262

)

 

 

(336,564

)

 

 

(255,176

)

 

 

(12.3

)

September 30, 2018

 

 

120,062,036

 

 

 

5,984,422

 

 

 

2,934,190

 

 

 

173.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(35,644,135

)

 

 

(3,266,351

)

 

 

(890,046

)

 

 

(60.6

)

Acquisitions (divestitures)

 

 

(948,496

)

 

 

(322,023

)

 

 

(18,881

)

 

 

(3.0

)

Extensions, discoveries and other additions

 

 

3,891,262

 

 

 

313,241

 

 

 

164,276

 

 

 

6.8

 

Production

 

 

(7,086,761

)

 

 

(329,199

)

 

 

(216,259

)

 

 

(10.4

)

September 30, 2019

 

 

80,273,906

 

 

 

2,380,090

 

 

 

1,973,280

 

 

 

106.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revisions of previous estimates

 

 

(34,666,426

)

 

 

(1,094,923

)

 

 

(774,214

)

 

 

(45.9

)

Acquisitions (divestitures)

 

 

911,853

 

 

 

57,721

 

 

 

70,933

 

 

 

1.7

 

Extensions, discoveries and other additions

 

 

1,816,144

 

 

 

260,555

 

 

 

118,480

 

 

 

4.1

 

Production

 

 

(5,962,704

)

 

 

(269,786

)

 

 

(168,622

)

 

 

(8.6

)

September 30, 2020

 

 

42,372,773

 

 

 

1,333,657

 

 

 

1,219,857

 

 

 

57.7

 

Summary Of Proved Developed And Undeveloped Reserves

 

 

 

Proved Developed Reserves

 

 

Proved Undeveloped Reserves

 

 

 

Natural Gas

 

 

Oil

 

 

NGL

 

 

Natural Gas

 

 

Oil

 

 

NGL

 

 

 

(Mcf)

 

 

(Barrels)

 

 

(Barrels)

 

 

(Mcf)

 

 

(Barrels)

 

 

(Barrels)

 

September 30, 2018

 

 

83,151,954

 

 

 

2,334,587

 

 

 

2,085,706

 

 

 

36,910,082

 

 

 

3,649,835

 

 

 

848,484

 

September 30, 2019

 

 

67,713,193

 

 

 

1,863,096

 

 

 

1,747,242

 

 

 

12,560,713

 

 

 

516,994

 

 

 

226,038

 

September 30, 2020

 

 

40,924,083

 

 

 

1,148,989

 

 

 

1,135,864

 

 

 

1,448,690

 

 

 

184,668

 

 

 

83,993

 

Summary Of Proved Undeveloped Reserves

 

Beginning proved undeveloped reserves

 

 

17,018,905

 

Proved undeveloped reserves transferred to proved developed

 

 

(399,894

)

Revisions

 

 

(16,767,540

)

Extensions and discoveries

 

 

2,405,590

 

Sales

 

 

(479,415

)

Purchases

 

 

1,283,010

 

Ending proved undeveloped reserves

 

 

3,060,656

 

Summary Of Standardized Measure Of Discounted Future Net Cash Flows

 

 

 

2020

 

 

2019

 

 

2018

 

Future cash inflows

 

$

134,179,216

 

 

$

366,697,321

 

 

$

759,899,074

 

Future production costs

 

 

(66,136,222

)

 

 

(153,935,373

)

 

 

(259,413,766

)

Future development and asset retirement costs

 

 

(1,957,225

)

 

 

(1,917,937

)

 

 

(89,518,449

)

Future income tax expense

 

 

(13,224,535

)

 

 

(47,788,416

)

 

 

(95,872,182

)

Future net cash flows

 

 

52,861,234

 

 

 

163,055,595

 

 

 

315,094,677

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10% annual discount

 

 

(21,727,081

)

 

 

(77,494,066

)

 

 

(158,768,823

)

Standardized measure of discounted future net

   cash flows

 

$

31,134,153

 

 

$

85,561,529

 

 

$

156,325,854

 

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

 

 

 

2020

 

 

2019

 

 

2018

 

Beginning of year

 

$

85,561,529

 

 

$

156,325,854

 

 

$

80,832,575

 

Changes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

Sales of natural gas, oil and NGL, net of

   production costs

 

 

(12,692,681

)

 

 

(25,072,122

)

 

 

(32,836,007

)

Net change in sales prices and production costs

 

 

(46,499,344

)

 

 

(76,588,460

)

 

 

47,533,281

 

Net change in future development and asset

   retirement costs

 

 

(20,571

)

 

 

43,607,535

 

 

 

1,580,942

 

Extensions and discoveries

 

 

2,841,807

 

 

 

7,074,245

 

 

 

34,667,557

 

Revisions of quantity estimates

 

 

(28,332,653

)

 

 

(60,308,497

)

 

 

(8,391,223

)

Acquisitions (divestitures) of reserves-in-place

 

 

1,169,819

 

 

 

(3,134,783

)

 

 

(307,472

)

Accretion of discount

 

 

11,039,792

 

 

 

20,457,930

 

 

 

12,602,209

 

Net change in income taxes

 

 

17,037,980

 

 

 

23,413,194

 

 

 

(3,057,128

)

Change in timing and other, net

 

 

1,028,475

 

 

 

(213,367

)

 

 

23,701,120

 

Net change

 

 

(54,427,376

)

 

 

(70,764,325

)

 

 

75,493,279

 

End of year

 

$

31,134,153

 

 

$

85,561,529

 

 

$

156,325,854