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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Total revenues $ 3,796,049 $ 2,065,546 $ 6,458,888 $ 3,970,923
DIRECT COST OF REVENUES        
Production costs 514,531 511,501 1,231,530 1,199,771
Well management and operating 86,140 83,582 173,539 167,882
Depreciation, depletion and amortization 44,515 116,200 95,567 207,061
Accretion expense 49,100 55,000 100,900 113,800
Total direct cost of revenues 694,286 766,283 1,601,536 1,688,514
GENERAL AND ADMINISTRATIVE EXPENSE 539,753 487,698 1,091,998 995,214
Total cost of revenues 1,234,039 1,253,981 2,693,534 2,683,728
INCOME FROM OPERATIONS 2,562,010 811,565 3,765,354 1,287,195
OTHER INCOME (LOSS)        
Investment income (loss) (8,627) 25,164 (101,431) 32,785
Gain (loss) on disposal of property and equipment (3,436) 0 (3,436) 565,650
Forgiveness of loan 0 0 0 326,932
Total other income (loss) (12,063) 25,164 (104,867) 925,367
NET INCOME 2,549,947 836,729 3,660,487 2,212,562
Allocation of Partnership Net Income:        
Limited Partners 2,518,272 826,538 3,615,017 2,185,614
General Partner 31,675 10,191 45,470 26,948
NET INCOME $ 2,549,947 $ 836,729 $ 3,660,487 $ 2,212,562
Net income per Unit (in dollars per share) $ 0.47 $ 0.15 $ 0.68 $ 0.40
Oil and Gas [Member]        
REVENUES        
Total revenues $ 3,651,901 $ 1,925,398 $ 6,168,327 $ 3,690,028
Oil and Gas Service [Member]        
REVENUES        
Total revenues 143,259 138,803 288,746 278,707
Product and Service, Other [Member]        
REVENUES        
Total revenues $ 889 $ 1,345 $ 1,815 $ 2,188