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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and equivalents $ 9,554,915 $ 9,219,826
Investments 30,313,979 28,402,617
Production accounts receivable 927,107 918,745
Other 19,964 28,060
Total current assets 40,815,965 38,569,248
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 133,412,961 134,156,537
Pipeline and support equipment 631,512 617,217
Corporate and other 2,169,496 2,156,948
Gross property and equipment 136,213,969 136,930,702
Less accumulated depreciation, depletion, amortization and write down 130,226,308 130,851,814
Net property and equipment 5,987,661 6,078,888
OTHER ASSETS 275,348 267,575
TOTAL ASSETS 47,078,974 44,915,711
CURRENT LIABILITIES    
Accounts payable 2,890,305 2,714,240
Accrued expenses 530,379 997,093
Total current liabilities 3,420,684 3,711,333
OPERATIONAL ADVANCES 3,448,868 3,287,702
ASSET RETIREMENT OBLIGATIONS 18,051,161 17,581,892
Commitments and Contingencies  
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 4,610,646 Units and 4,634,720 Units 21,840,421 20,044,593
GENERAL PARTNER'S EQUITY 317,840 290,191
Total partners' equity 22,158,261 20,334,784
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 47,078,974 $ 44,915,711