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Derivatives (Tables)

3 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

						Three Months Ended September 30,
						2021						2020
Realized loss						$	—					$	1,151,576
Unrealized gain						—						(816,610)
Net loss on derivative contracts						$	—					$	334,966

Schedule of Derivative Instruments

The following sets forth a summary of the Company’s open oil derivative positions as of September 30, 2020.

Period

Type of Contract

Volumes in Barrels

Price / Price Range

Weighted Average Floor Price per Bbl.

Weighted Average Ceiling Price per Bbl.

October 2020 to December 2020

Fixed-Price Swap

128,800

$32

$32

$—

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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