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Asset Retirement Obligations (Tables)

9 Months Ended

Mar. 31, 2015

Asset Retirement Obligation Disclosure [Abstract]

Schedule of reconciliations of the beginning and ending asset retirement obligation balances

The following is a

reconciliation of the beginning and ending asset retirement obligations for the nine months ended March 31, 2015, and for the year ended June 30, 2014:

	Nine Months Ended   March 31, 2015				Year Ended June 30, 2014
Asset retirement obligations — beginning of period	$	352,215			$	615,551
Liabilities sold	(52,526		)		(48,273		)
Liabilities incurred (a)	564,019				—
Liabilities settled	(137,604		)		(323,665		)
Accretion of discount	23,697				41,626
Revision of previous estimates	9,670				66,976
Less obligations due within one year	(10,219		)		(146,703		)
Asset retirement obligations — end of period	$	749,252			$	205,512

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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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