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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES        
Crude oil and natural gas sales $ 744,385 $ 1,555,638 $ 1,397,915 $ 3,512,985
Well management and operating 97,874 130,144 203,187 266,876
Other 25,516 1,933 27,716 104,410
Total revenues 867,775 1,687,715 1,628,818 3,884,271
DIRECT COST OF REVENUES        
Production costs 439,509 702,556 1,142,524 1,595,320
Well management and operating 57,989 77,417 120,276 158,696
Depreciation, depletion and amortization 1,025,033 1,202,191 2,094,928 2,323,645
Accretion expense 95,500 151,400 205,900 299,500
Total direct cost of revenues 1,618,031 2,133,564 3,563,628 4,377,161
GENERAL AND ADMINISTRATIVE EXPENSE 541,807 588,203 1,150,018 1,259,623
Total cost of revenues 2,159,838 2,721,767 4,713,646 5,636,784
LOSS FROM OPERATIONS (1,292,063) (1,034,052) (3,084,828) (1,752,513)
INTEREST AND DIVIDEND INCOME 21,146 8,447 33,209 17,408
LOSS BEFORE INCOME TAXES (1,270,917) (1,025,605) (3,051,619) (1,735,105)
INCOME TAX EXPENSE (BENEFIT)        
Current 500 4,000 1,000 8,000
Deferred (1,000) (5,000) (2,000) (10,000)
Total income tax benefit (500) (1,000) (1,000) (2,000)
NET LOSS (1,270,417) (1,024,605) (3,050,619) (1,733,105)
Allocation of Partnership Net Loss:        
Limited Partners (1,255,343) (1,012,476) (3,014,421) (1,712,589)
General Partner (15,074) (12,129) (36,198) (20,516)
NET LOSS $ (1,270,417) $ (1,024,605) $ (3,050,619) $ (1,733,105)
Net loss per unit (in dollars per share) $ (0.23) $ (0.18) $ (0.54) $ (0.30)