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Asset Retirement Obligations (Tables) | 12 Months Ended
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Jun. 30, 2020
Asset Retirement Obligation Disclosure [Abstract] |
Schedule of reconciliation of the beginning and ending asset retirement obligation | The following is a reconciliation of the beginning and ending asset retirement obligations for the years ended June 30, 2020 and 2019:
| Years Ended
| 2020 |  | 2019
Asset retirement obligations — beginning of period | $ | 1,610,845 |  |  | $ | 1,422,955 |
Liabilities incurred | 944,278 |  | (a) | 31,268 |
Liabilities settled | (86,592 | ) | (b) | — |
Accretion of discount | 146,504 |  |  | 101,506 |
Revisions to previous estimates | (26,141 | ) |  | 55,116 |
Asset retirement obligations — end of period | 2,588,894 |  |  | 1,610,845 |
Less: current asset retirement obligations | — |  |  | (50,244 | )
Long-term portion of asset retirement obligations | $ | 2,588,894 |  |  | $ | 1,560,601 |
(a) Liabilities incurred in fiscal 2020 included $0.9 million from our acquisition of our Hamilton Dome interest and remainder related to facilities at the Delhi field. (b) We abandoned one well in the Delhi field and four wells in the Hamilton Dome field.

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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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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