XML 39 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Tables) (Oil and Gas Properties)
 9 Months Ended
Sep. 30, 2013
Oil and Gas Properties
  
Schedule of Oil and Gas Properties

The following is a summary of oil and gas properties at the dates indicated:

 

 

September 30,
2013

 

  

December 31,
2012

 

Proved properties:

 

 

  

  

 

 

  

Leasehold interest             

$

  1,526,600

  

  

$

  1,526,600

 

Wells and related equipment             

 

  65,092,100

  

  

 

  65,092,200

  

Total natural gas and oil properties             

 

  66,618,700

  

  

 

  66,618,800

  

Accumulated depletion and impairment             

 

(63,267,500

)

  

 

(62,915,900

)

Oil and gas properties, net             

$

  3,351,200

  

  

$

  3,702,900