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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Accounts Receivable

Accounts receivable is summarized below:

			December 31, 2021						September 30, 2021
			(In thousands)
Oil, natural gas and NGL sales			$	17,562					$	17,008
Joint interest accounts receivable			409						413
Realized derivative receivable			—						42
Other accounts receivable			31						10
Total accounts receivable			$	18,002					$	17,473

Schedule of Other Non-current Assets, Net

Other non-current assets consisted of the following:

			December 31, 2021						September 30, 2021
			(In thousands)
Deferred financing costs, net			$	1,345					$	1,353
Prepayments to outside operators			690						707
Right of use assets			208						309
Other deposits			50						50
Total other non-current assets, net			$	2,293					$	2,419

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following:

			December 31, 2021						September 30, 2021
			(In thousands)
Accrued capital expenditures			$	5,618					$	9,718
Accrued lease operating expenses			2,534						2,428
Accrued general and administrative costs			3,404						4,375
Other accrued expenditures			1,318						2,834
Total accrued liabilities			$	12,874					$	19,355

Schedule of Asset Retirement Obligations

Components of the changes in ARO for the three months ended December 31, 2021 and year ended September 30, 2021 are shown below:

			December 31, 2021						September 30, 2021
			(In thousands)
ARO, beginning balance			$	2,434					$	2,326
Liabilities incurred			56						113
Liability settlements and disposals			(58)						(92)
Accretion			21						87
ARO, ending balance			2,453						2,434
Less: current ARO(1)			(192)						(128)
ARO, long-term			$	2,261					$	2,306

_____________________

(1)Current ARO is included within other current liabilities on the accompanying consolidated balance sheets.

Disaggregation of Revenue

The following table presents oil and natural gas sales disaggregated by product:

			Three Months Ended December 31,
			2021						2020
			(In thousands)
Oil and natural gas sales:
Oil			$	50,623					$	22,107
Natural gas			2,705						119
Natural gas liquids			3,322						188
Total oil and natural gas sales, net			$	56,650					$	22,414

Lease, Right-of-use Asset and Lease Liability

			December 31, 2021						September 30, 2021
			(In thousands)
ROU asset			$	208					$	309
Current lease liability			$	212					$	314

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