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Oil and Gas Reserve Data (Tables)
12 Months Ended
Mar. 31, 2013
Extractive Industries [Abstract]  
Changes in Proved Reserves:
 

Oil

(Bbls)

 

Natural Gas

(Mcf)

Proved Developed and Undeveloped Reserves:      
As of April 1, 2010 240,000   8,405,000
  Revision of previous estimates 22,000   130,000
  Purchase of minerals in place 45,000   545,000
  Extensions and discoveries -   136,000
  Sales of minerals in place -   -
  Production (17,000)   (459,000)
As of March 31, 2011 290,000   8,757,000
  Revision of previous estimates 33,000   (183,000)
  Purchase of minerals in place 19,000   -
  Extensions and discoveries 23,000   267,000
  Sales of minerals in place -   -
  Production (19,000)   (396,000)
As of March 31, 2012 346,000   8,445,000
  Revision of previous estimates (10,000)   (589,000)
  Purchase of minerals in place 48,000   71,000
  Extensions and discoveries 5,000   318,000
  Sales of minerals in place -   -
  Production (23,000)   (401,000)
As of March 31, 2013 366,000   7,844,000
Summary of Proved Developed and Undeveloped Reserves
 

Oil

(Bbls)

 

Natural Gas

(Mcf)

Proved Developed Reserves:      
As of April 1, 2010 141,980   5,017,342
As of March 31, 2011 159,975   4,964,061
As of March 31, 2012 194,620   5,359,670
As of March 31, 2013 237,420   4,807,020
       
Proved Undeveloped Reserves:      
As of April 1, 2010 98,088   3,388,248
As of March 31, 2011 130,187   3,792,974
As of March 31, 2012 151,730   3,085,060
As of March 31, 2013 128,290   3,037,180
Progress of Converting Proved Undeveloped Reserves:
  Oil & Natural Gas   Future
  (Mcfe)   Development Costs
PUDs, beginning of year 3,995,462   $       4,307,550
Revision of previous estimates (412,155)   (185,185)
Conversions to PD reserves (155,700)   (228,198)
Additional PUDs added 379,334   647,350
PUDs, end of year 3,806,941   $       4,541,517
Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:
  March 31
  2013   2012   2011
Future cash inflows $    52,900,000   $   64,783,000   $   56,413,000
Future production costs and taxes (14,893,000)   (16,031,000)   (11,086,000)
Future development costs (4,850,000)   (4,530,000)   (4,029,000)
Future income taxes (6,374,000)   (9,920,000)   (9,118,000)
Future net cash flows 26,783,000   34,302,000   32,180,000

Annual 10% discount for estimated timing

of cash flows

 

(12,414,000)

 

 

(14,946,000)

 

 

(14,528,000)

Standardized measure of discounted future

net cash flows

 

$ 14,369,000

 

 

$ 19,356,000

 

 

$ 17,652,000

Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:
  March 31
  2013   2012   2011

Sales of oil and gas produced, net of

production costs

 

$ (1,982,000)

 

 

$ (2,298,000)

 

 

$ (2,119,000)

Net changes in price and production costs (5,881,000)   (375,000)   1,590,000
Changes in previously estimated development costs 1,150,000   1,353,000   830,000
Revisions of quantity estimates      (811,000)        1,344,000        1,088,000

Net change due to purchases and sales of

minerals in place

 

1,471,000

 

 

390,000

 

 

1,976,000

Extensions and discoveries, less related costs 321,000   1,449,000   165,000
Net change in income taxes    2,178,000      (596,000)      (1,076,000)
Accretion of discount 2,495,000   2,265,000   1,809,000

Changes in timing of estimated cash flows

and other

 

(3,928,000)

 

 

(1,828,000)

 

 

(771,000)

Changes in standardized measure (4,987,000)   1,704,000   3,492,000
Standardized measure, beginning of year    19,356,000      17,652,000      14,160,000
Standardized measure, end of year $   14,369,000   $   19,356,000   $   17,652,000