XML 30 R73.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unsecured Revolving Credit Agreement (Details) - Texas Capital Bank, N.A.
1 Months Ended 12 Months Ended
Feb. 29, 2012
USD ($)
Jun. 30, 2015
USD ($)
loan
Jun. 30, 2014
USD ($)
Revolving Credit Facility      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 50,000,000    
Current borrowing base 5,000,000 $ 5,000,000  
Term of debt instrument   4 years  
Percentage of oil and gas properties as borrowing limitation   25.00%  
Unused commitment fee percentage   0.50%  
Loan costs incurred upon closing 50,000    
Outstanding borrowings   $ 0 $ 0
Debt issuance costs 179,468    
Unamortized debt issuance costs   32,411  
Revolving Credit Facility | Other Assets      
Debt Instrument [Line Items]      
Debt issuance costs   $ 157,610  
Letter of Credit      
Debt Instrument [Line Items]      
Maximum borrowing capacity $ 1,000,000    
Commitment fee percentage   3.50%  
Outstanding borrowings   $ 0 $ 0
LIBOR | Revolving Credit Facility      
Debt Instrument [Line Items]      
Description of variable rate basis   Adjusted LIBOR  
Interest Period One Term   1 month  
Interest Period Two Term   2 months  
Interest Period Three Term   3 months  
Interest Period Four Term   6 months  
Interest Period Payment Term   3 months  
Prime Rate | Revolving Credit Facility      
Debt Instrument [Line Items]      
Description of variable rate basis   Lender's prime rate  
Federal Funds Rate | Revolving Credit Facility      
Debt Instrument [Line Items]      
Description of variable rate basis   Federal Fund Rate  
Basis spread on variable rate   0.50%  
Maximum | Revolving Credit Facility      
Debt Instrument [Line Items]      
Current ratio   1.5  
Consolidated leverage ratio   2.5  
Interest coverage ratio   3  
Maximum | Letter of Credit      
Debt Instrument [Line Items]      
Term of debt instrument   1 year  
Maximum | LIBOR | Revolving Credit Facility      
Debt Instrument [Line Items]      
Number of loans outstanding | loan   3