Certain Relationships and Related Party Transactions

3 Months Ended

Mar. 31, 2014

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

NOTE 6 - CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

The Partnership has entered into the following significant transactions with the MGP and its affiliates as provided under its Partnership Agreement. Administrative costs, which are included in general and administrative expenses in the Partnership’s statements of operations, are payable at $75 per well per month. Monthly well supervision fees, which are included in production expense in the Partnership’s statement of operations, are payable at $392 per well per month for operating and maintaining the wells. Transportation fees, which are included in production expenses in the Partnership’s statements of operations, are generally payable at 13% of the natural gas sales price.

The following table provides information with respect to these costs and the periods incurred:

	Three Months EndedMarch 31,
	2014		2013
Administrative	$	80,000	$	88,300
Supervision		418,200		461,500
Transportation		255,800		231,800
Total	$	754,000	$	781,600

The MGP and its affiliates perform all administrative and management functions for the Partnership, including billing revenues and paying expenses. Accounts receivable trade-affiliate on the Partnership’s balance sheets includes the net production revenues due from the MGP.