XML 23 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Costs and revenues allocated between Partnership and MD

The Partnership participates in oil and gas activities through the Program. The Partnership and MD are the parties to the Program, and the costs and revenues are allocated between them as follows:

 

      Partnership   MD (1)
Revenues:      
  Proceeds from disposition of depreciable and depletable properties 70%   30%
  All other revenues 70%   30%
Costs and expenses:      
  Organization and offering costs (1) 0%   100%
  Lease acquisition costs (1) 0%   100%
  Tangible and intangible drilling costs (1) 100%   0%
  Operating costs, reporting and legal expenses, general and      
    administrative expenses and all other costs 70%   30%

 ________________

(1)As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which should approximate 20% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 20% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program’s total capital costs reaches approximately 20%. The Partnership’s financial statements reflect its respective proportionate interest in the Program.