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EXCEL - IDEA: XBRL DOCUMENT - SYNERGY RESOURCES CORPFinancial_Report.xls
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EX-32 - EXHIBIT 32 - SYNERGY RESOURCES CORPex32.htm
EX-31.1 - EXHIBIT 31.1 - SYNERGY RESOURCES CORPex31x1.htm
EX-31.2 - EXHIBIT 31.2 - SYNERGY RESOURCES CORPex31x2.htm
10-Q - FORM 10-Q FOR THE PERIOD ENDED 2/29/2012 - SYNERGY RESOURCES CORPsyrg_10q-022912.htm
XML - IDEA: XBRL DOCUMENT - SYNERGY RESOURCES CORPR10.htm
v2.4.0.6
Asset Retirement Obligations
6 Months Ended
Feb. 29, 2012
Asset Retirement Obligations [Abstract]  
Asset Retirement Obligations
6.     Asset Retirement Obligations

Upon completion or acquisition of a well, the Company recognizes obligations for its oil and gas operations for anticipated costs to remove and dispose of surface equipment, plug and abandon wells, and restore sites to their original uses.  The estimated present value of such obligations are determined using several assumptions and judgments about the ultimate settlement amounts, inflation factors, credit adjusted discount rates, timing of settlement, and changes in regulations.  Changes in estimates are reflected in the obligations as they occur.

The following table summarizes the change in asset retirement obligations for the six months ended February 29, 2012:
       
Asset retirement obligations, August 31, 2011
  $ 643,459  
  Liabilities incurred
    135,517  
  Liabilities settled
    --  
  Accretion
    36,897  
  Revisions in estimated liabilities
    --  
Asset retirement obligations, February 29, 2012
  $ 815,873