Transactions with Managing General Partner Transactions with Managing General Partner (Tables)

9 Months Ended

Sep. 30, 2013

Due from (to) Managing General Partner-other, net [Table Text Block]

The following table presents transactions with the Managing General Partner reflected in the condensed balance sheets line item “Due to Managing General Partner-other, net” which remain undistributed or unsettled with this Partnership's investors as of the dates indicated:



	September 30, 2013			December 31, 2012
Crude oil, natural gas and NGLs sales revenues collected from this Partnership's third-party customers	$	5,946		$	20,841
Commodity price risk management, realized gain	—			14,367
Other ⁽¹⁾	(76,278		)	(102,728		)
Total Due to Managing General Partner-other, net	$	(70,332	)	$	(67,520	)


(1)	All other unsettled transactions, excluding derivative instruments, between this Partnership and the Managing General Partner. The majority of these are operating costs and general and administrative costs, which have not been deducted from distributions.

The following table presents Partnership transactions, excluding derivative transactions which are more fully detailed in Note 5, Derivative Financial Instruments, with the Managing General Partner for the three and nine months ended September 30, 2013 and 2012. “Well operations and maintenance” and “Gathering, compression and processing fees” are included in the “Crude oil, natural gas and NGLs production costs” line item on the condensed statements of operations for continuing operations or in Note 8, Divestitures and Discontinued Operations, for discontinued operations.



	Three months ended September 30,					Nine months ended September 30,
	2013			2012		2013		2012
Well operations and maintenance	$	10,062		$	70,131	$	99,827	$	200,519
Gathering, compression and processing fees	(278		)	29,000		6,197		13,570
Direct costs - general and administrative	28,992			29,086		106,077		88,982
Cash distributions ^{(1) (2)}	69,514			1,210		72,940		3,976

(1)

Cash distributions include $16,414 and $17,387 during the three and nine months ended September 30, 2013, respectively, and $462 and $1,426 during the three and nine months ended September 30, 2012, respectively, related to equity cash distributions for Investor Partner units repurchased by PDC. The increases for 2013 periods over the 2012 periods is attributable to PDC's proportionate share of the distribution of $235,000, which represents a portion of the consideration received from the Piceance Basin asset divestiture in 2013.

(2)

Cash distributions to the Managing General Partner were reduced by $668 during the nine months ended September 30, 2013, and $790 and $2,561 for the three and nine months ended September 30, 2012, respectively, due to Preferred Cash Distributions made by the Managing General Partner to Investor Partners under the Performance Standard Obligation provision of the Agreement. For more information concerning this obligation, see Note 1, General and Basis of Presentation.