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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Mar. 31, 2022
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | Accounts receivable is summarized below:
| March 31, 2022 |  | September 30, 2021
| (In thousands)
Oil, natural gas and NGL sales | $ | 25,379 |  |  | $ | 17,008 |
Joint interest accounts receivable | 379 |  |  | 413 |
Other accounts receivable | 24 |  |  | 52 |
Total accounts receivable | $ | 25,782 |  |  | $ | 17,473 |
Schedule of Other Non-current Assets, Net | Other non-current assets consisted of the following:
| March 31, 2022 |  | September 30, 2021
| (In thousands)
Deferred financing costs, net | $ | 1,179 |  |  | $ | 1,353 |
Prepayments to outside operators | 594 |  |  | 707 |
Right of use assets | 106 |  |  | 309 |
Other deposits | 50 |  |  | 50 |
Total other non-current assets, net | $ | 1,929 |  |  | $ | 2,419 |
Schedule of Accrued Liabilities | Accrued liabilities consisted of the following:
| March 31, 2022 |  | September 30, 2021
| (In thousands)
Accrued capital expenditures | $ | 15,520 |  |  | $ | 9,718 |
Accrued lease operating expenses | 2,692 |  |  | 2,428 |
Accrued general and administrative costs | 2,363 |  |  | 3,575 |
Other accrued expenditures | 1,396 |  |  | 2,834 |
Total accrued liabilities | $ | 21,971 |  |  | $ | 18,555 |
Schedule of Asset Retirement Obligations | Components of the changes in ARO for the six months ended March 31, 2022 and year ended September 30, 2021 are shown below:
| March 31, 2022 |  | September 30, 2021
| (In thousands)
ARO, beginning balance | $ | 2,434 |  |  | $ | 2,326 |
Liabilities incurred | 93 |  |  | 113 |
Liability settlements and disposals | (190) |  |  | (92) |
Accretion | 46 |  |  | 87 |
ARO, ending balance | 2,383 |  |  | 2,434 |
Less: current ARO(1) | (146) |  |  | (128) |
ARO, long-term | $ | 2,237 |  |  | $ | 2,306 |
_____________________ (1)Current ARO is included within other current liabilities on the accompanying condensed consolidated balance sheets.
Disaggregation of Revenue | The following table presents oil and natural gas sales disaggregated by product:
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
Oil and natural gas sales: |  |  |  |  |  |  |
Oil | $ | 62,376 |  |  | $ | 30,784 |  |  | $ | 112,999 |  |  | $ | 52,891 |
Natural gas | 1,789 |  |  | 4,516 |  |  | 4,494 |  |  | 4,635 |
Natural gas liquids | 2,480 |  |  | 1,359 |  |  | 5,802 |  |  | 1,547 |
Total oil and natural gas sales, net | $ | 66,645 |  |  | $ | 36,659 |  |  | $ | 123,295 |  |  | $ | 59,073 |

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