XML 23 R11.htm IDEA: XBRL DOCUMENT v3.6.0.2
Property and Equipment
6 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
 
As of December 31, 2016 and June 30, 2016, our oil and natural gas properties and other property and equipment consisted of the following:
 
December 31,
2016
 
June 30,
2016
Oil and natural gas properties
 

 
 

Property costs subject to amortization
$
83,869,552

 
$
77,408,353

Less: Accumulated depreciation, depletion, and amortization
(20,037,180
)
 
(17,437,890
)
Unproved properties not subject to amortization

 

Oil and natural gas properties, net
$
63,832,372

 
$
59,970,463

Other property and equipment
 

 
 

Furniture, fixtures, office equipment and other, at cost
$
134,964

 
$
235,752

Less: Accumulated depreciation
(86,868
)
 
(207,103
)
Other property and equipment, net
$
48,096

 
$
28,649


 
During the six months ended December 31, 2016, the Company incurred capital expenditures of $6.5 million for the Delhi field, including approximately $4.5 million for the NGL plant project. We have incurred approximately $26.0 million on a cumulative basis for the NGL plant.