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Asset Retirement Obligations (Tables)
9 Months Ended
Mar. 31, 2021
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, 2021 and for the year ended June 30, 2020:
 March 31,
2021
June 30,
2020
Asset retirement obligations — beginning of period$2,588,894 $1,610,845 
Liabilities incurred— 944,278 (c)
Liabilities settled(99,231)(a)(86,592)(d)
Accretion of discount132,809 146,504 
Revision of previous estimates91,430 (b)(26,141)
Asset retirement obligations — end of period$2,713,902 $2,588,894 
Less: current asset retirement obligations44,520 — 
Long-term portion of asset retirement obligations$2,669,382 $2,588,894 
 
(a) Abandonment of two non-scheduled Delhi field wells.
(b) Upward revisions for two difficult-to-plug Delhi field wells.
(c) Liabilities incurred in fiscal 2020 were primarily due to our acquisition of our Hamilton Dome interest.
(d) The respective operators abandoned one well in the Delhi field and four wells in the Hamilton Dome field.