XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUES    
Total revenues $ 4,955,358 $ 5,946,143
DIRECT COST OF REVENUES    
Production costs 2,297,314 2,273,596
Well management and operating 234,579 265,145
Depreciation, depletion and amortization 466,778 1,589,887
Accretion expense 1,130,918 1,184,585
Total direct cost of revenues 4,129,589 5,313,213
GENERAL AND ADMINISTRATIVE EXPENSE 2,417,933 2,394,282
Total cost of revenues 6,547,522 7,707,495
LOSS FROM OPERATIONS (1,592,164) (1,761,352)
OTHER INCOME    
Investment income 1,733,909 1,488,441
Gain on disposal of property and equipment 70,542 32,702
Other income 0 481,937
Total other income 1,804,451 2,003,080
INCOME BEFORE INCOME TAXES 212,287 241,728
INCOME TAX EXPENSE (BENEFIT)    
Current 0 20,900
Deferred (13,800) (1,000)
Total income tax expense (benefit) (13,800) 19,900
NET INCOME 226,087 221,828
Allocation of Partnership Net Income:    
Limited Partners 222,899 218,888
General Partner 3,188 2,940
Net income $ 226,087 $ 221,828
Net income per Unit (in dollars per share) $ 0.05 $ 0.04
Oil and Gas [Member]    
REVENUES    
Total revenues $ 4,562,324 $ 5,500,946
Oil and Gas Service [Member]    
REVENUES    
Total revenues 390,021 441,694
Product and Service, Other [Member]    
REVENUES    
Total revenues $ 3,013 $ 3,503