Properties And Equipment (Tables)

3 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Summary of Properties and Equipment and Related Accumulated DD&A

Properties and equipment and related accumulated DD&A as of December 31, 2021 and September 30, 2021 are as follows:

	December 31, 2021			September 30, 2021
Properties and equipment at cost, based on successful efforts accounting:
Producing natural gas and oil properties	$	249,861,777		$	319,984,874
Non-producing natural gas and oil properties		54,960,073			40,466,098
Other property and equipment		883,310			794,179
		305,705,160			361,245,151
Less accumulated depreciation, depletion and amortization		(195,971,382	)		(257,643,661	)
Net properties and equipment	$	109,733,778		$	103,601,490

Summary of Acquisitions

Acquisitions

Quarter Ended	Net royalty acres (1)(2)		Purchase Price (1)	Area of Interest
December 31, 2021
		426	$5.8 million	Haynesville / LA
		847	$4.1 million	Haynesville / LA
		172	$1.4 million	SCOOP / OK
		103	$0.6 million	Haynesville / TX
		116	$1.7 million	Haynesville / LA
		220	$1.2 million	SCOOP / OK
December 31, 2020
		142	$1.0 million	Haynesville / TX
		184	$0.8 million	Haynesville / TX
		386	$3.5 million	Haynesville / TX
		297	$2.3 million	SCOOP / OK
(1) Excludes subsequent closing adjustments and insignificant acquisitions.
(2) An estimated net royalty equivalent was used for the minerals included in the net royalty acres.

Summary of Divestitures

Divestitures

Quarter Ended	Wellbores(1)	Sale Price	Gain/(Loss)	Location
December 31, 2021
	98 wellbores	$2.0 million	($3.5) million	OK
	95 wellbores	$0.5 million	$0.2 million	OK / TX
	499 wellbores	$2.1 million	$1.1 million	AR
December 31, 2020
	No significant divestitures
(1) Number of Wellbores associated with working interests sold.