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Asset Retirement Obligations (Tables)
3 Months Ended
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 discount100,860 210,182 
Revision of previous estimates— 77,096 (c)
Asset retirement obligations — end of period$5,684,132 $5,583,272 
Less: current asset retirement obligations22,264 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.