v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,375 $ 1,413
Salvage fund 1
Production receivable 159 75
Due from affiliate (Note 3) 12 10
Other current assets 17 33
Total current assets 1,564 1,531
Salvage fund 1,018 969
Oil and gas properties:    
Proved properties 18,930 18,509
Less: accumulated depletion and amortization (17,520) (17,430)
Total oil and gas properties, net 1,410 1,079
Total assets 3,992 3,579
Current liabilities:    
Due to operators 450 100
Accrued expenses 53 69
Asset retirement obligations 1
Total current liabilities 504 169
Asset retirement obligations 959 942
Total liabilities 1,463 1,111
Manager:    
Distributions (9,952) (9,952)
Retained earnings 9,732 9,710
Manager's total (220) (242)
Shareholders:    
Capital contributions (1,000 shares authorized; 971.6054 issued and outstanding) 144,529 144,529
Syndication costs (16,990) (16,990)
Distributions (58,908) (58,908)
Accumulated deficit (65,882) (65,921)
Shareholders' total 2,749 2,710
Total members' capital 2,529 2,468
Total liabilities and members' capital $ 3,992 $ 3,579