XML 66 R37.htm IDEA: XBRL DOCUMENT v3.21.2
Asset Retirement Obligations (Tables)
 12 Months Ended
Jun. 30, 2021
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, 2021 and 2020:
 Years Ended
 20212020
Asset retirement obligations — beginning of period$2,588,894 $1,610,845 
Liabilities incurred— 40,698 
Liabilities settled(99,231)(a)(86,592)
Liabilities acquired2,806,331 (b)903,580 
Accretion of discount210,182 146,504 
Revisions of previous estimates77,096 (c)(26,141)
Asset retirement obligations — end of period5,583,272 2,588,894 
Less: current asset retirement obligations44,520 — 
Long-term portion of asset retirement obligations$5,538,752 $2,588,894 
(a) Abandonment of two non-scheduled Delhi field wells in fiscal 2021, and abandonment of one Delhi field well and four Hamilton Dome field wells in fiscal 2020.
(b) Liabilities acquired in fiscal 2021 and 2020 were primarily due to our acquisition of the Barnett Shale interest and the Hamilton Dome interest, respectively.
(c) Primarily related to upward revisions for two difficult-to-plug Delhi field wells in fiscal 2021.