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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Crude oil and natural gas sales $ 2,200,622 $ 653,530
Well management and operating 143,303 105,313
Other 10,441 2,200
Total revenues 2,354,366 761,043
DIRECT COST OF REVENUES    
Production costs 674,983 703,015
Well management and operating 84,274 62,287
Depreciation, depletion and amortization 190,859 1,069,895
Accretion expense 97,800 110,400
Total direct cost of revenues 1,047,916 1,945,597
GENERAL AND ADMINISTRATIVE EXPENSE 580,123 608,211
Total cost of revenues 1,628,039 2,553,808
INCOME (LOSS) FROM OPERATIONS 726,327 (1,792,765)
INTEREST AND DIVIDEND INCOME 33,015 12,063
INCOME (LOSS) BEFORE INCOME TAXES 759,342 (1,780,702)
INCOME TAX EXPENSE (BENEFIT)    
Current 500
Deferred (1,000)
Total income tax benefit (500)
NET INCOME (LOSS) 759,342 (1,780,202)
Allocation of Partnership Net Income (Loss):    
Limited Partners 750,332 (1,759,078)
General Partner 9,010 (21,124)
Net income (loss) $ 759,342 $ (1,780,202)
Net income (loss) per unit (in dollars per share) $ 0.13 $ (0.31)