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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and equivalents $ 12,404,205 $ 10,249,207
Investments 22,382,137 20,372,652
Production accounts receivable 1,846,726 815,419
Other 51,095 79,950
Total current assets 36,684,163 31,517,228
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 136,173,678 142,912,812
Pipeline and support equipment 527,916 719,988
Corporate and other 2,112,889 2,093,989
Gross property and equipment 138,814,483 145,726,789
Less accumulated depreciation, depletion, amortization and write down 132,008,249 138,424,885
Net property and equipment 6,806,234 7,301,904
OTHER ASSETS 210,699 131,863
TOTAL ASSETS 43,701,096 38,950,995
CURRENT LIABILITIES    
Accounts payable 2,205,736 2,470,720
Accrued expenses 980,881 1,575,935
Total current liabilities 3,186,617 4,046,655
DEFERRED INCOME TAXES 0 27,900
OPERATIONAL ADVANCES 2,855,680 2,653,099
ASSET RETIREMENT OBLIGATIONS 14,340,671 14,564,400
COMMITMENTS AND CONTINGENCIES 0 0
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,334,473 and 5,441,928 Units, respectively 23,028,472 17,442,684
GENERAL PARTNER'S EQUITY 289,656 216,257
Total partners' equity 23,318,128 17,658,941
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 43,701,096 $ 38,950,995