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Oil and Gas Costs | 12 Months Ended
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Mar. 31, 2016
Extractive Industries [Abstract] |
Oil and Gas Costs | 9. Oil and Gas Costs The costs related to the Company’s oil and gas activities were incurred as follows for the year ended March 31:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Property acquisition costs: |  |  |  |  |  |  |  |  |  |  |  |
Proved |  | $ | - |  |  | $ | 3,108,040 |  |  | $ | 785,144 |
Unproved |  |  | - |  |  |  | - |  |  |  | - |
Exploration |  |  | - |  |  |  | 15,472 |  |  |  | 9,641 |
Development |  |  | 1,112,733 |  |  |  | 1,746,582 |  |  |  | 1,152,986 |
Capitalized asset retirement obligations |  |  | 5,844 |  |  |  | 274,148 |  |  |  | 134,113 |
Total costs incurred for oil and gas properties |  | $ | 1,118,577 |  |  | $ | 5,144,242 |  |  | $ | 2,081,884 |
The Company had the following aggregate capitalized costs relating to its oil and gas property activities at March 31:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Proved oil and gas properties |  | $ | 40,365,197 |  |  | $ | 40,489,453 |  |  | $ | 35,386,751 |
Unproved oil and gas properties: |  |  |  |  |  |  |  |  |  |  |  |
subject to amortization |  |  | - |  |  |  | 73,990 |  |  |  | 73,990 |
not subject to amortization |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 40,365,197 |  |  |  | 40,563,443 |  |  |  | 35,460,741 |
Less accumulated DD&A |  |  | 24,306,770 |  |  |  | 19,752,994 |  |  |  | 18,395,619 |
|  | $ | 16,058,427 |  |  | $ | 20,810,449 |  |  | $ | 17,065,122 |
DD&A amounted to $2.45, $2.48 and $2.18 per mcfe of production for the years ended March 31, 2016, 2015 and 2014, respectively.

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- Definition The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives. + References No definition available. + Details
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