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Subsequent Events
6 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

11. Subsequent Events

 

On October 3, 2022, the Company expended approximately $698,000 for the drilling and completion of seven wells in Eddy and Lea Counties, New Mexico.

 

On October 21, 2022, the Company expended $147,600 for the completion of four wells in Lea County, New Mexico.

 

On October 27, 2022, the Company made an approximately 2% equity investment commitment in a limited liability company amounting to $2,000,000. The limited liability is capitalized at approximately $100 million to purchase mineral interests in the Utica and Marcellus areas in the state of Ohio.

 

The Company completed a review and analysis of all events that occurred after the consolidated balance sheet date to determine if any such events must be reported and has determined that there are no other subsequent events to be disclosed.