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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and equivalents $ 9,238,704 $ 10,249,207
Investments 22,403,839 20,372,652
Production accounts receivable 1,184,063 815,419
Other 51,095 79,950
Total current assets 32,877,701 31,517,228
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 139,217,861 142,912,812
Pipeline and support equipment 731,040 719,988
Corporate and other 2,097,229 2,093,989
Gross property and equipment 142,046,130 145,726,789
Less accumulated depreciation, depletion, amortization and write down 135,034,497 138,424,885
Net property and equipment 7,011,633 7,301,904
OTHER ASSETS 128,247 131,863
TOTAL ASSETS 40,017,581 38,950,995
CURRENT LIABILITIES    
Accounts payable 2,113,238 2,470,720
Accrued expenses 621,866 1,575,935
Total current liabilities 2,735,104 4,046,655
DEFERRED INCOME TAXES 27,900 27,900
OPERATIONAL ADVANCES 2,813,720 2,653,099
ASSET RETIREMENT OBLIGATIONS 14,608,038 14,564,400
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,334,473 and 5,441,928 Units, respectively 19,586,457 17,442,684
GENERAL PARTNER'S EQUITY 246,362 216,257
Total partners' equity 19,832,819 17,658,941
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 40,017,581 $ 38,950,995