v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,936 $ 1,416
Salvage fund 43
Production receivable 207 248
Due from affiliate (Note 2) 25 27
Other current assets 1 54
Total current assets 2,169 1,788
Salvage fund 2,327 2,205
Oil and gas properties:    
Proved properties 32,205 32,203
Less:  accumulated depletion and amortization (29,935) (29,321)
Total oil and gas properties, net 2,270 2,882
Total assets 6,766 6,875
Current liabilities:    
Due to operators 47 30
Accrued expenses 48 61
Asset retirement obligations 43
Total current liabilities 95 134
Asset retirement obligations 1,838 1,764
Total liabilities 1,933 1,898
Manager:    
Distributions (11,691) (11,633)
Retained earnings 14,474 14,348
Manager's total 2,783 2,715
Shareholders:    
Capital contributions (625 shares authorized; 332.2918 issued and outstanding) 65,965 65,965
Syndication costs (7,823) (7,823)
Distributions (69,577) (69,249)
Retained earnings 13,485 13,369
Shareholders' total 2,050 2,262
Total members' capital 4,833 4,977
Total liabilities and members' capital $ 6,766 $ 6,875