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Revenue Recognition (Tables)

6 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The Company’s revenue is primarily generated from our interests in the Delhi field in Northeast Louisiana, the Barnett Shale assets of North Texas, and the Hamilton Dome field in Wyoming. Additionally, overriding royalty interests retained in a past divestiture of Texas properties historically provided de minimis revenue, with the exception of the three months ended December 31, 2021 in which the Company received $1.1 million for past royalties that accumulated over a period of approximately three years. Going forward, the Company expects de minimis revenue from these royalty interests.

			Three Months Ended December 31,												Six Months Ended December 31,
			2021						2020						2021						2020
Revenues
Oil			$	10,582,145					$	5,462,783					$	19,440,608					$	10,841,944
Natural gas liquids			2,586,758						305,200						7,148,976						521,226
Natural gas			9,169,458						169						14,627,787						358
Total revenues			$	22,338,361					$	5,768,152					$	41,217,371					$	11,363,528

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- References

No definition available.

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