Derivatives (Tables)

6 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary Of Derivative Instruments Contracts

Derivative contracts in place as of March 31, 2022

Fiscal Period	Contract total volume	Index	Contract average price
Natural gas costless collars
Remaining 2022	480,000 Mmbtu	NYMEX Henry Hub	$3.50 floor / $4.23 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	1,785,000 Mmbtu	NYMEX Henry Hub	$2.98
2023	2,100,000 Mmbtu	NYMEX Henry Hub	$3.24
2024	380,000 Mmbtu	NYMEX Henry Hub	$3.41
Oil fixed price swaps
Remaining 2022	76,500 Bbls	NYMEX WTI	$44.91
2023	66,750 Bbls	NYMEX WTI	$62.11
2024	11,250 Bbls	NYMEX WTI	$73.35

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,
	2022			2021			2022			2021
Cash received (paid) on derivative contracts:
Natural gas costless collars	$	(152,190	)	$	(122	)	$	(152,190	)	$	(9,089	)
Natural gas fixed price swaps(1)		(474,935	)		3,105			(1,827,127	)		1,242
Oil costless collars		-			(112,590	)		-			(23,646	)
Oil fixed price swaps(1)		(583,641	)		(187,824	)		(945,781	)		347,376
Cash received (paid) on derivative contracts, net	$	(1,210,766	)	$	(297,431	)	$	(2,925,098	)	$	315,883
Non-cash gain (loss) on derivative contracts:
Natural gas costless collars	$	(1,465,603	)	$	(81,881	)	$	(1,385,632	)	$	597,080
Natural gas fixed price swaps		(7,686,898	)		(6,291	)		(3,208,963	)		282,596
Oil costless collars		-			(696,360	)		-			(1,107,246	)
Oil fixed price swaps		(2,620,139	)		(1,266,180	)		(2,627,545	)		(2,690,492	)
Non-cash gain (loss) on derivative contracts, net	$	(11,772,640	)	$	(2,050,712	)	$	(7,222,140	)	$	(2,918,062	)
Gains (losses) on derivative contracts, net	$	(12,983,406	)	$	(2,348,143	)	$	(10,147,238	)	$	(2,602,179	)
(1) For the three and six months ended March 31, 2022, excludes $2,493,481 and $5,181,572, respectively, of cash paid to settle off-market derivative contracts that are not reflected on the Condensed Statements of Operations. Total cash paid related to off-market derivatives was $7,930,160 for the six months ended March 31, 2022 and is reflected in the Financing Activities section of the Condensed Statements of Cash Flows.

Summary Of Derivative Contracts

	March 31, 2022												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	$	60,347		$	14,853,743		$	31,174		$	1,062,813		$	17,395		$	12,105,383		$	1,696,479
Offsetting adjustments		(60,347	)		(60,347	)		(31,174	)		(31,174	)		(17,395	)		(17,395	)		-
Net presentation on condensed balance sheets	$	-		$	14,793,396		$	-		$	1,031,639		$	-		$	12,087,988		$	1,696,479

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