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Asset Retirement Obligations (Tables)

12 Months Ended

Jun. 30, 2014

Asset Retirement Obligation Disclosure [Abstract]

Schedule of reconciliation of the beginning and ending asset retirement obligation

	Years Ended
	2014				2013
Asset retirement obligations—beginning of period	$	615,551			$	968,677
Liabilities incurred	—				60,143
Liabilities settled	(323,665		)		(51,086		)
Liabilities sold	(48,273		)		(439,927		)
Accretion of discount	41,626				72,312
Revisions to previous estimates	66,976				5,432
Less: current asset retirement obligations	(146,703		)		—
Asset retirement obligations—end of period	$	205,512			$	615,551

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- Definition

Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 30

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13201-110859

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