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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and equivalents $ 12,446,109 $ 12,404,205
Investments 23,288,672 22,382,137
Production accounts receivable 1,662,318 1,846,726
Other 52,195 51,095
Total current assets 37,449,294 36,684,163
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 136,173,678 136,173,678
Pipeline and support equipment 539,684 527,916
Corporate and other 2,112,889 2,112,889
Gross property and equipment 138,826,251 138,814,483
Less accumulated depreciation, depletion, amortization and write down 132,078,603 132,008,249
Net property and equipment 6,747,648 6,806,234
OTHER ASSETS 204,333 210,699
TOTAL ASSETS 44,401,275 43,701,096
CURRENT LIABILITIES    
Accounts payable 2,347,047 2,302,155
Accrued expenses 293,308 884,462
Total current liabilities 2,640,355 3,186,617
OPERATIONAL ADVANCES 2,882,781 2,855,680
ASSET RETIREMENT OBLIGATIONS 14,449,471 14,340,671
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units, Issued and outstanding - 5,334,473 Units 24,125,217 23,028,472
GENERAL PARTNER'S EQUITY 303,451 289,656
Total partners' equity 24,428,668 23,318,128
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 44,401,275 $ 43,701,096