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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES        
Total revenues $ 2,561,107 $ 724,405 $ 6,532,030 $ 2,673,754
DIRECT COST OF REVENUES        
Production costs 522,529 384,397 1,722,300 1,399,634
Well management and operating 85,418 47,990 253,300 181,128
Depreciation, depletion and amortization 104,136 177,810 311,197 512,058
Accretion expense 52,700 61,800 166,500 190,900
Total direct cost of revenues 764,783 671,997 2,453,297 2,283,720
GENERAL AND ADMINISTRATIVE EXPENSE 489,347 429,545 1,484,561 1,493,345
Total cost of revenues 1,254,130 1,101,542 3,937,858 3,777,065
INCOME (LOSS) FROM OPERATIONS 1,306,977 (377,137) 2,594,172 (1,103,311)
OTHER INCOME        
Investment income 983 47,500 33,768 254,166
Gain on disposal of property and equipment 67,100 540,044 632,750 1,036,890
Forgiveness of loan 0 0 326,932 0
Total other income 68,083 587,544 993,450 1,291,056
NET INCOME 1,375,060 210,407 3,587,622 187,745
Allocation of Partnership Net Income:        
Limited Partners 1,358,026 207,861 3,543,640 185,472
General Partner 17,034 2,546 43,982 2,273
Net income $ 1,375,060 $ 210,407 $ 3,587,622 $ 187,745
Net income per Unit (in dollars per share) $ 0.26 $ 0.03 $ 0.66 $ 0.03
Oil and Gas [Member]        
REVENUES        
Total revenues $ 2,417,717 $ 643,905 $ 6,107,745 $ 2,369,032
Oil and Gas Service [Member]        
REVENUES        
Total revenues 142,139 79,747 420,846 300,465
Product and Service, Other [Member]        
REVENUES        
Total revenues $ 1,251 $ 753 $ 3,439 $ 4,257