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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and equivalents $ 10,269,842 $ 11,883,725
Investments 16,856,932 13,207,778
Production accounts receivable 1,388,922 1,189,524
Employees' notes receivable 7,800 33,500
Other 25,379 27,225
Total current assets 28,548,875 26,341,752
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 175,483,155 179,141,990
Pipeline and support equipment 682,135 682,135
Corporate and other 2,094,423 2,127,423
Gross property and equipment 178,259,713 181,951,548
Less accumulated depreciation, depletion, amortization and write down 169,103,259 172,431,241
Net property and equipment 9,156,454 9,520,307
OTHER ASSETS    
Employees' notes receivable 1,111 13,242
Other 122,348 123,048
Total other assets 123,459 136,290
TOTAL ASSETS 37,828,788 35,998,349
CURRENT LIABILITIES    
Accounts payable 1,894,683 1,958,042
Accrued expenses 731,405 1,624,205
Total current liabilities 2,626,088 3,582,247
DEFERRED INCOME TAXES 37,700 37,700
OPERATIONAL ADVANCES 1,839,768 1,513,924
ASSET RETIREMENT OBLIGATIONS 16,653,470 16,591,270
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units, issued and outstanding - 5,549,355 and 5,587,616 Units, respectively 16,472,590 14,103,844
GENERAL PARTNER'S EQUITY 199,172 169,364
Total partners' equity 16,671,762 14,273,208
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 37,828,788 $ 35,998,349