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Asset Retirement Obligation (Tables)
9 Months Ended
Sep. 30, 2015
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Asset Retirement Obligations

A reconciliation of the Partnership’s liability for well plugging and abandonment costs for the periods indicated is as follows:

 

 

Three Months Ended
September 30,

 

  

Nine Months Ended
September 30,

 

 

2015

 

  

2014

 

  

2015

 

  

2014

 

Asset retirement obligation at beginning of period

$

4,013,200

  

  

$

2,610,000

  

  

$

3,901,600

 

  

$

2,535,000

  

Accretion expense

 

55,800

 

  

 

37,600

  

 

 

167,400

 

  

 

112,900

  

Asset retirement obligations settled

 

-

 

 

 

-

 

 

 

-

 

 

 

(300

)

Asset retirement obligation at end of period

$

4,069,000

  

  

$

2,647,600

  

  

$

4,069,000

  

  

$

2,647,600