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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and equivalents $ 11,757,057 $ 12,566,868
Investments 20,107,580 17,064,136
Production accounts receivable 1,208,634 1,661,669
Other 8,150 64,681
Total current assets 33,081,421 31,357,354
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 174,633,910 175,062,777
Pipeline and support equipment 791,756 762,440
Corporate and other 2,090,250 2,094,423
Gross property and equipment 177,515,916 177,919,640
Less accumulated depreciation, depletion, amortization and write down 168,720,741 168,754,778
Net property and equipment 8,795,175 9,164,862
OTHER ASSETS 131,624 125,796
TOTAL ASSETS 42,008,220 40,648,012
CURRENT LIABILITIES    
Accounts payable 2,136,590 1,869,885
Accrued expenses 1,425,492 1,084,347
Total current liabilities 3,562,082 2,954,232
DEFERRED INCOME TAXES 45,700 40,700
OPERATIONAL ADVANCES 2,463,685 2,135,632
ASSET RETIREMENT OBLIGATIONS 16,640,632 16,807,486
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,492,967 and 5,549,355 Units, respectively 19,063,258 18,486,440
GENERAL PARTNER'S EQUITY 232,863 223,522
Total partners' equity 19,296,121 18,709,962
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 42,008,220 $ 40,648,012