Subsequent Event Type [Axis]
Subsequent Event [Member]
Oil and Gas Delivery Commitments and Contracts [Axis]
Beta Project [Member]
Scenario [Axis]
Future Quarter [Member]
Document And Entity Information Abstract
Document Type
Amendment Flag
Document Period End Date
Entity Registrant Name
Entity Central Index Key
Current Fiscal Year End Date
Document Fiscal Year Focus
Document Fiscal Period Focus
Entity Filer Category
Entity Common Stock, Shares Outstanding
Statement of Financial Position [Abstract]
Assets
Current assets:
Cash and cash equivalents
Salvage fund
Production receivable
Other current assets
Total current assets
Salvage fund
Oil and gas properties:
Proved properties
Less: accumulated depletion and amortization
Total oil and gas properties, net
Total assets
Liabilities and Members' Capital
Current liabilities:
Due to operators
Accrued expenses
Current portion of long-term borrowings
Asset retirement obligations
Other current liabilities
Total current liabilities
Long-term borrowings
Asset retirement obligations
Total liabilities
Commitments and contingencies (Note 5)
Members' capital:
Distributions
Retained earnings
Manager's total
Capital contributions (1,000 shares authorized; 839.5395 issued and outstanding)
Syndication costs
Distributions
Accumulated deficit
Shareholders' total
Total members' capital
Total liabilities and members' capital
Shares authorized
Shares issued
Shares outstanding
Income Statement [Abstract]
Revenue
Oil and gas revenue
Expenses
Depletion and amortization
Management fees to affiliate (Note 3)
Operating expenses
General and administrative expenses
Total expenses
Loss from operations
Interest expense, net
Net loss
Manager Interest
Net income
Shareholder Interest
Net loss
Net loss per share
Statement of Cash Flows [Abstract]
Cash flows from operating activities
Net loss
Adjustments to reconcile net loss to net cash provided by operating activities:
Accretion expense
Amortization of debt discounts and deferred financing costs
Changes in assets and liabilities:
(Increase) decrease in production receivable
Decrease in other current assets
Decrease in due to operators
(Decrease) increase in accrued expenses
Settlement of asset retirement obligations
Net cash provided by operating activities
Cash flows from investing activities
Capital expenditures for oil and gas properties
(Increase) decrease in salvage fund
Net cash used in investing activities
Cash flows from financing activities
Repayment of long-term borrowings
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental disclosure of cash flow information
Cash paid for interest, net of amounts capitalized
Supplemental disclosure of non-cash investing activities
Due to operators for accrued capital expenditures for oil and gas properties
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies
Revenue Recognition
Revenue Recognition
Related Party Transactions [Abstract]
Related Parties
Debt Disclosure [Abstract]
Credit Agreement - Beta Project Financing
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Subsequent Events [Abstract]
Subsequent Events
Basis of Presentation
Use of Estimates
Asset Retirement Obligations
Impairment of Long-Lived Assets
Recent Accounting Pronouncements
Organization And Summary Of Significant Accounting Policies Tables
Schedule of Changes in Asset Retirement Obligations
Organization And Summary Of Significant Accounting Policies Schedule Of Changes In Asset Retirement Obligations Details
Balance, beginning of period
Liabilities incurred
Liabilities settled
Balance, end of period
Annual management fee percentage rate
Annual management fees paid to Fund Manager
Percentage of total distributions allocated to Fund Manager
Distributions
Credit agreement, maturity date
Long-term borrowings
Unamortized debt discounts and deferred financing costs
Amortization of financing costs
Accrued interest
Interest expense
Overriding royalty interest
Commitments for the drilling and development of investment properties
Commitments for asset retirement obligations included in estimated capital commitments
Commitments for the drilling and development of investment properties expected to be incurred in the next 12 months
Statement [Table]
Statement [Line Items]
Working interest percentage
Working interest acquired by buyers
Total purchase price
Cash received
Carrying value
Asset retirement obligation
Gain on sale
The annual rate for distributions paid to the Fund Manager as a percentage of capital contributions, net of cumulative dry-hole costs incurred.
Commitments for asset retirement obligations included in estimated capital commitments.
Distributions Paid During Period.
Eugene Island Three Forty Six Three Forty Seven And Cobalt Project [Member]
Eugene Island Three Hundred Forty Six Three Hundred Forty Seven [Member]
LLC Membership Interest, Shares Authorized
Llc Membership Interest, Shares Issued
Llc Membership Interest, Shares Outstanding
Long-Term Purchase Commitment Amount Expected To Be Incurred In Next Twelve Months.
The fees paid to the Manager of the Fund for the management of the Fund.
Distributions to the Manager of the Fund.
The cumulative earnings (or deficit) for the Manager of the Fund.
The total amount of equity attributable to the Manager of the Fund.
Manager's interest in net income (loss).
The net income (loss) per share attributable to the shareholders.
Shareholders' interest in net income (loss).
The cash inflow or outflow associated with the purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale.
Percentage of total distributions allocated to Fund Manager.
The cash inflow or outflow relating to salvage fund.
Salvage Fund, Current.
Salvage Fund Noncurrent
The total amount of equity attributable to the shareholders of the Fund.
The amount of capital raised from selling shares.
Distributions to shareholders.
The cumulative earnings (or deficit) for the shareholders of the Fund.
Costs incurred by the Fund in connection with the offering of the Fund's shares, including professional fees, selling expenses and administrative costs payable to the Manager, an affiliate of the Manager and unaffiliated broker-dealers, which are reflected on the Fund's balance sheet as a reduction of shareholders' capital.
The entire disclosure for revenue recognition.
Overriding royalty interest rate.
The working interest owned, expressed as a percentage, that an entity has in a particular well(s).
The carrying value of the working interest in the oil and gas property.
Assets, Current
Salvage fund [Default Label]
Oil and Gas Property, Successful Effort Method, Accumulated Depreciation, Depletion and Amortization
Oil and Gas Property, Successful Effort Method, Net
Assets [Default Label]
Liabilities, Current
Asset Retirement Obligations, Noncurrent
Liabilities
Manager Distributions
Managers Capital
Shareholders Syndication Costs
Shareholders Distributions
Shareholders Capital
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Operating Expenses
Operating Income (Loss)
Net Income (Loss) Attributable to Parent
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Other Current Assets
Net Cash Provided by (Used in) Operating Activities
PaymentsForCreditsOfAcquisitionOfOilAndGasProperties
Proceeds From Investments In Salvage Fund Net
Net Cash Provided by (Used in) Investing Activities
Repayments of Long-term Debt
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
RevenueRecognitionTextBlock
Asset Retirement Obligation, Liabilities Settled
Distributions Paid During Period
Long-term Debt