XML 24 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Statements Of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating Activities      
Net income (loss) $ (23,952,037) $ (40,744,938) $ 14,635,669
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 11,313,783 18,196,583 18,395,040
Impairment 29,904,528 76,824,337  
Provision for deferred income taxes (4,647,000) (12,112,000) (12,963,000)
Gain from leasing fee mineral acreage (685,927) (1,546,298) (1,520,262)
Proceeds from leasing fee mineral acreage 701,948 1,565,649 1,564,225
Net (gain) loss on sales of assets (3,973,321) (18,730,197) 660,597
ESOP contribution expense 103,104 372,274 382,174
Directors' deferred compensation expense 228,408 272,491 301,715
Total (gain) loss on derivative contracts (907,419) (6,105,145) 4,932,068
Cash receipts (payments) on settled derivative contracts 4,109,210 196,985 (1,001,893)
Restricted stock awards 743,897 771,797 655,414
Other (2,611) 19,085 6,326
Cash provided (used) by changes in assets and liabilities:      
Natural gas, oil and NGL sales receivables 1,434,426 2,723,983 483,856
Refundable income taxes (2,299,785) (1,472,277) 456,780
Other current assets (89,931) 21,116 57,752
Accounts payable 1,308,731 105,217 (140,600)
Other non-current assets (1,044,680) 7,166 (62,295)
Accrued liabilities (1,139,029) 639,856 100,328
Total adjustments 35,058,332 61,750,622 12,308,225
Net cash provided by operating activities 11,106,295 21,005,684 26,943,894
Investing Activities      
Capital expenditures (403,136) (3,526,007) (11,590,135)
Acquisition of minerals and overrides (10,288,250) (5,662,869) (11,327,371)
Investments in partnerships   (1,648) 3,354
Proceeds from sales of assets 4,228,868 19,515,735 1,085,137
Net cash (used in) provided by investing activities (6,462,518) 10,325,211 (21,829,015)
Financing Activities      
Borrowings under debt agreement 6,061,725 16,642,481 29,017,800
Payments of loan principal (12,736,725) (32,217,481) (30,239,800)
Net proceeds from equity issuance 8,220,726    
Purchases of treasury stock (7,635) (7,454,000) (1,219,228)
Payments of dividends (1,652,164) (2,673,706) (2,698,940)
Net cash provided by (used in) financing activities (114,073) (25,702,706) (5,140,168)
Increase (decrease) in cash and cash equivalents 4,529,704 5,628,189 (25,289)
Cash and cash equivalents at beginning of year 6,160,691 532,502 557,791
Cash and cash equivalents at end of year 10,690,395 6,160,691 532,502
Supplemental Disclosures of Cash Flow Information      
Interest paid (net of capitalized interest) 1,306,967 2,031,762 1,730,461
Income taxes paid (net of refunds received) (1,342,275) 103,279 (232,782)
Supplemental schedule of noncash investing and financing activities:      
Additions and revisions, net, to asset retirement obligations 4 27,782 17,216
Gross additions to properties and equipment 10,701,284 9,248,415 21,711,279
Net (increase) decrease in accounts payable for properties and equipment additions (9,898) (59,539) 1,206,227
Capital expenditures $ 10,691,386 $ 9,188,876 $ 22,917,506