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Asset Retirement Obligations (Tables) | 3 Months Ended
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Sep. 30, 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 three months ended September 30, 2021 and for the year ended June 30, 2021:
| September 30, 2021 |  | June 30, 2021 |
Asset retirement obligations — beginning of period | $ | 5,583,272 |  |  | $ | 2,588,894 |  |
Liabilities incurred | — |  |  | — |  |
Liabilities settled | — |  |  | (99,231) |  | (a)
Liabilities acquired | — |  |  | 2,806,331 |  | (b)
Accretion of discount | 100,860 |  |  | 210,182 |  |
Revision of previous estimates | — |  |  | 77,096 |  | (c)
Asset retirement obligations — end of period | $ | 5,684,132 |  |  | $ | 5,583,272 |  |
Less: current asset retirement obligations | 22,264 |  |  | 44,520 |  |
Long-term portion of asset retirement obligations | $ | 5,661,868 |  |  | $ | 5,538,752 |  |
(a) Abandonment of two non-scheduled Delhi field wells in fiscal 2021. (b) Liabilities incurred in fiscal 2021 were primarily due to our acquisition of our Barnett Shale interest. (c) Primarily related to upward revisions for two difficult-to-plug Delhi field wells in fiscal 2021.

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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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