Derivatives (Tables)

6 Months Ended

Mar. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary Of Derivative Instruments Contracts

Derivative contracts in place as of March 31, 2021

Contract period (Calendar Year)	Contract total volume	Index	Contract average price
Natural gas costless collars
Remaining 2021	2,207,500 Mmbtu	NYMEX Henry Hub	$2.35 floor / $3.04 ceiling
2022	2,200,500 Mmbtu	NYMEX Henry Hub	$2.40 floor / $3.12 ceiling
2023	86,000 Mmbtu	NYMEX Henry Hub	$2.25 floor / $2.96 ceiling
Natural gas fixed price swaps
Remaining 2021	1,166,500 Mmbtu	NYMEX Henry Hub	$2.80
2022	377,500 Mmbtu	NYMEX Henry Hub	$2.61
2023	84,000 Mmbtu	NYMEX Henry Hub	$2.56
Oil costless collars
Remaining 2021	33,500 Bbls	NYMEX WTI	$36.76 floor / $45.00 ceiling
2022	68,500 Bbls	NYMEX WTI	$40.25 floor / $50.35 ceiling
Oil fixed price swaps
Remaining 2021	87,000 Bbls	NYMEX WTI	$39.37
2022	59,000 Bbls	NYMEX WTI	$41.51

Summary of Gain or Loss on Derivative Contracts, Net

Cash receipts or payments in the following table reflect the gain or loss on derivative contracts which settled during the respective periods, and the non-cash gain or loss reflect the change in fair value of derivative contracts as of the end of the respective periods

	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2021			2020			2021			2020
Cash received (paid) on derivative contracts:
Natural gas costless collars	$	(122	)	$	-		$	(9,089	)	$	-
Natural gas fixed price swaps		3,105			500,520			1,242			1,220,320
Oil costless collars		(112,590	)		87,997			(23,646	)		201,696
Oil fixed price swaps		(187,824	)		40,622			347,376			108,896
Cash received (paid) on derivative contracts, net	$	(297,431	)	$	629,139		$	315,883		$	1,530,912
Non-cash gain (loss) on derivative contracts:
Natural gas costless collars	$	(81,881	)	$	21,983		$	597,080		$	27,883
Natural gas fixed price swaps		(6,291	)		(113,956	)		282,596			(685,765	)
Oil costless collars		(696,360	)		954,260			(1,107,246	)		473,804
Oil fixed price swaps		(1,266,180	)		2,580,151			(2,690,492	)		1,906,849
Non-cash gain (loss) on derivative contracts, net	$	(2,050,712	)	$	3,442,438		$	(2,918,062	)	$	1,722,771
Gains (losses) on derivative contracts, net	$	(2,348,143	)	$	4,071,577		$	(2,602,179	)	$	3,253,683

Summary Of Derivative Contracts

	March 31, 2021												September 30, 2020
	Fair Value (a)												Fair Value (a)
	Commodity Contracts												Commodity Contracts
	Current Assets			Current Liabilities			Non-Current Assets			Non-Current Liabilities			Current Assets			Current Liabilities			Non-Current Liabilities
Gross amounts recognized	$	106,480		$	3,107,010		$	177,756		$	802,935		$	864,466		$	1,146,408		$	425,705
Offsetting adjustments		(106,480	)		(106,480	)		(177,756	)		(177,756	)		(864,466	)		(864,466	)		-
Net presentation on Condensed Balance Sheets	$	-		$	3,000,530		$	-		$	625,179		$	-		$	281,942		$	425,705

(a) See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.