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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and equivalents $ 11,224,865 $ 22,734,047
Investments 10,080,608 0
Accounts receivable:    
Production 1,014,946 572,502
Joint venture partners 3,366 4,151
Employees' notes receivable 41,000 35,000
Other 52,831 45,838
Total current assets 22,417,616 23,391,538
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 181,447,571 181,293,110
Pipeline and support equipment 682,135 631,757
Corporate and other 2,116,482 2,114,844
Gross property and equipment 184,246,188 184,039,711
Less accumulated depreciation, depletion, amortization and write down 173,979,881 169,093,931
Net property and equipment 10,266,307 14,945,780
OTHER ASSETS    
Employees' notes receivable 46,045 89,437
Other 176,558 176,442
Total other assets 222,603 265,879
TOTAL ASSETS 32,906,526 38,603,197
CURRENT LIABILITIES    
Accounts payable 1,703,441 1,839,816
Accrued expenses 1,137,290 1,130,772
Total current liabilities 2,840,731 2,970,588
DEFERRED INCOME TAXES 74,000 74,000
JOINT VENTURE PARTNER ADVANCES 1,053,582 1,004,953
ASSET RETIREMENT OBLIGATIONS 16,740,630 16,393,560
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,587,616 12,052,848 17,944,611
GENERAL PARTNER'S EQUITY 144,735 215,485
Total partners' equity 12,197,583 18,160,096
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 32,906,526 $ 38,603,197