Derivatives (Tables)

3 Months Ended

Dec. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary Of Derivative Instruments Contracts

Derivative contracts in place as of December 31, 2021

Fiscal Period	Contract total volume	Index	Contract average price
Natural gas costless collars
Remaining 2022	610,000 Mmbtu	NYMEX Henry Hub	$3.50 floor / $4.19 ceiling
2023	500,000 Mmbtu	NYMEX Henry Hub	$3.32 floor / $4.54 ceiling
2024	60,000 Mmbtu	NYMEX Henry Hub	$3.00 floor / $4.70 ceiling
Natural gas fixed price swaps
Remaining 2022	2,818,000 Mmbtu	NYMEX Henry Hub	$2.94
2023	1,980,000 Mmbtu	NYMEX Henry Hub	$3.22
2024	360,000 Mmbtu	NYMEX Henry Hub	$3.40
Oil fixed price swaps
Remaining 2022	113,000 Bbls	NYMEX WTI	$44.25
2023	43,500 Bbls	NYMEX WTI	$52.84
2024	4,500 Bbls	NYMEX WTI	$67.55

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
	December 31,
	2021			2020
Cash received (paid) on derivative contracts:
Natural gas costless collars	$	-		$	(8,967	)
Natural gas fixed price swaps(1)		(1,352,192	)		(1,863	)
Oil costless collars		-			88,944
Oil fixed price swaps(1)		(362,139	)		535,200
Cash received (paid) on derivative contracts, net	$	(1,714,331	)	$	613,314
Non-cash gain (loss) on derivative contracts:
Natural gas costless collars	$	79,971		$	678,961
Natural gas fixed price swaps		4,477,934			288,887
Oil costless collars		-			(410,886	)
Oil fixed price swaps		(7,406	)		(1,424,312	)
Non-cash gain (loss) on derivative contracts, net	$	4,550,499		$	(867,350	)
Gains (losses) on derivative contracts, net	$	2,836,168		$	(254,036	)
(1) Excludes $2,688,091 of cash paid to settle off-market derivative contracts that are not reflected on the statement of operations.

Summary Of Derivative Contracts

	December 31, 2021												September 30, 2021
	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	$	386,069		$	6,799,377		$	364,782		$	497,351		$	17,395		$	12,105,383		$	1,696,479
Offsetting adjustments		(386,069	)		(386,069	)		(364,782	)		(364,782	)		(17,395	)		(17,395	)		-
Net presentation on condensed balance sheets	$	-		$	6,413,308		$	-		$	132,569		$	-		$	12,087,988		$	1,696,479

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