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Derivatives (Tables)
12 Months Ended
Sep. 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary Of Derivative Instruments Contracts

Derivative contracts in place as of September 30, 2021

 

Fiscal period

 

Contract total volume

 

Index

 

Contract average price

Natural gas fixed price swaps

 

 

 

 

 

 

2022

 

3,869,000 Mmbtu

 

NYMEX Henry Hub

 

$2.91

2023

 

1,100,000 Mmbtu

 

NYMEX Henry Hub

 

$3.07

Oil fixed price swaps

 

 

 

 

 

 

2022

 

138,000 Bbls

 

NYMEX WTI

 

$44.25

2023

 

30,000 Bbls

 

NYMEX WTI

 

$46.23

 

Summary of Gain or Loss on Derivative Contracts, Net Cash receipts 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

 

For the Year Ended September 30,

 

 

2021

 

 

2020

 

 

2019

 

Cash received (paid) on settled derivative contracts:

 

 

 

 

 

 

 

 

 

 

 

    Natural gas costless collars

$

(4,271,467

)

 

$

28,510

 

 

$

(191,200

)

    Natural gas fixed price swaps

 

(1,862,801

)

 

 

1,687,600

 

 

 

817,160

 

    Oil costless collars

 

(2,047,098

)

 

 

1,011,472

 

 

 

(169,256

)

    Oil fixed price swaps

 

(3,744,303

)

 

 

1,381,628

 

 

 

(259,719

)

Cash received (paid) on settled derivative contracts, net

$

(11,925,669

)

 

$

4,109,210

 

 

$

196,985

 

Non-cash gain (loss) on derivative contracts:

 

 

 

 

 

 

 

 

 

 

 

    Natural gas costless collars

$

706,015

 

 

$

(706,015

)

 

$

10,453

 

    Natural gas fixed price swaps

 

(3,624,108

)

 

 

(1,535,122

)

 

 

1,350,909

 

    Oil costless collars

 

(63,169

)

 

 

(538,022

)

 

 

1,687,685

 

    Oil fixed price swaps

 

(1,295,558

)

 

 

(422,632

)

 

 

2,859,113

 

      Non-cash gain (loss) on derivative contracts, net

$

(4,276,820

)

 

$

(3,201,791

)

 

$

5,908,160

 

Gains (losses) on derivative contracts, net

$

(16,202,489

)

 

$

907,419

 

 

$

6,105,145

 

Summary Of Derivative Contracts

 

 

9/30/2021

 

 

9/30/2020

 

 

 

Fair Value

 

 

Fair Value

 

 

 

Commodity Contracts

 

 

Commodity Contracts

 

 

 

Current  Assets

 

 

Current Liabilities

 

 

Non-Current

Liabilities

 

 

Current  Assets

 

 

Current Liabilities

 

 

Non-Current

Liabilities

 

Gross amounts recognized

 

$

17,395

 

 

$

12,105,383

 

 

$

1,696,479

 

 

$

864,466

 

 

$

1,146,408

 

 

$

425,705

 

Offsetting adjustments

 

 

(17,395

)

 

 

(17,395

)

 

 

-

 

 

 

(864,466

)

 

 

(864,466

)

 

 

-

 

Net presentation on Balance Sheets

 

$

-

 

 

$

12,087,988

 

 

$

1,696,479

 

 

$

-

 

 

$

281,942

 

 

$

425,705