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Property and Equipment (Tables) | 6 Months Ended
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Dec. 31, 2015
Property, Plant and Equipment [Abstract] |
Schedule of oil and natural gas properties and other property and equipment | As of December 31, 2015 and June 30, 2015 our oil and natural gas properties and other property and equipment consisted of the following:
| December 31, 2015 |  | June 30, 2015
Oil and natural gas properties |  |  |  |  |
Property costs subject to amortization | $ | 64,024,239 |  |  | $ | 57,718,653 |
Less: Accumulated depreciation, depletion, and amortization | (14,974,989 | ) |  | (12,531,767 | )
Unproved properties not subject to amortization | — |  |  | — |
Oil and natural gas properties, net | $ | 49,049,250 |  |  | $ | 45,186,886 |
Other property and equipment |  |  |  |  |
Other equipment, at cost | $ | 337,245 |  |  | $ | 607,674 |
Less: Accumulated depreciation | (298,966 | ) |  | (330,918 | )
Other equipment, net | $ | 38,279 |  |  | $ | 276,756 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
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