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ACQUISITION OF OIL AND NATURAL GAS PROPERTIES (Tables) | 3 Months Ended
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Dec. 31, 2014
ACQUISITION OF OIL AND NATURAL GAS PROPERTIES. |
Summary of allocation of purchase price to the assets acquired and liabilities assumed |
Property and equipment |  | $ | 751,000 |
Asset retirement obligation |  | (225,000 | )
Net identifiable assets acquired |  | $ | 526,000 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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