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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Total revenues $ 2,065,546 $ 563,968 $ 3,970,923 $ 1,949,349
DIRECT COST OF REVENUES        
Production costs 511,501 335,314 1,199,771 1,015,237
Well management and operating 83,582 48,575 167,882 133,138
Depreciation, depletion and amortization 116,200 149,476 207,061 334,248
Accretion expense 55,000 63,800 113,800 129,100
Total direct cost of revenues 766,283 597,165 1,688,514 1,611,723
GENERAL AND ADMINISTRATIVE EXPENSE 487,698 492,839 995,214 1,063,800
Total cost of revenues 1,253,981 1,090,004 2,683,728 2,675,523
INCOME (LOSS) FROM OPERATIONS 811,565 (526,036) 1,287,195 (726,174)
OTHER INCOME        
Investment income 25,164 361,884 32,785 206,666
Gain (Loss) on disposal of property and equipment 0 (3,800) 565,650 496,846
Forgiveness of loan 0 0 326,932 0
Total other income 25,164 358,084 925,367 703,512
NET INCOME (LOSS) 836,729 (167,952) 2,212,562 (22,662)
Allocation of Partnership Net Income (Loss):        
Limited Partners 826,538 (165,926) 2,185,614 (22,389)
General Partner 10,191 (2,026) 26,948 (273)
Net income (loss) $ 836,729 $ (167,952) $ 2,212,562 $ (22,662)
Net income (loss) per Unit (in dollars per share) $ 0.15 $ (0.03) $ 0.40 $ 0
Oil and Gas [Member]        
REVENUES        
Total revenues $ 1,925,398 $ 482,121 $ 3,690,028 $ 1,725,127
Oil and Gas Service [Member]        
REVENUES        
Total revenues 138,803 80,750 278,707 220,718
Product and Service, Other [Member]        
REVENUES        
Total revenues $ 1,345 $ 1,097 $ 2,188 $ 3,504