v3.25.2
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,226 $ 885
Salvage fund 276
Production receivable 121 144
Due from affiliate (Note 2) 16 17
Other current assets 38
Total current assets 1,363 1,360
Salvage fund 1,741 1,396
Oil and gas properties:    
Proved properties 19,916 19,916
Less: accumulated depletion and amortization (18,494) (18,115)
Total oil and gas properties, net 1,422 1,801
Total assets 4,526 4,557
Current liabilities:    
Due to operators 29 18
Accrued expenses 48 63
Asset retirement obligations 276
Total current liabilities 77 357
Asset retirement obligations 1,333 1,012
Total liabilities 1,410 1,369
Manager:    
Distributions (8,094) (8,053)
Retained earnings 8,493 8,410
Manager's total 399 357
Shareholders:    
Capital contributions (1,000 shares authorized; 839.5395 issued and outstanding) 124,401 124,401
Syndication costs (14,236) (14,236)
Distributions (47,964) (47,735)
Accumulated deficit (59,484) (59,599)
Shareholders' total 2,717 2,831
Total members' capital 3,116 3,188
Total liabilities and members' capital $ 4,526 $ 4,557