v3.26.1
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 385 $ 503
Salvage fund 1
Production receivable 159 75
Due from affiliate (Note 3) 12 10
Other current assets 17 32
Total current assets 574 620
Salvage fund 2,184 2,142
Oil and gas properties:    
Proved properties 18,706 18,290
Less:  accumulated depletion and amortization (17,313) (17,224)
Total oil and gas properties, net 1,393 1,066
Total assets 4,151 3,828
Current liabilities:    
Due to operators 445 99
Accrued expenses 51 68
Asset retirement obligations 1
Total current liabilities 497 167
Asset retirement obligations 1,808 1,792
Total liabilities 2,305 1,959
Manager:    
Distributions (6,977) (6,972)
Retained earnings 8,271 8,256
Manager's total 1,294 1,284
Shareholders:    
Capital contributions (250 shares authorized; 207.7026 issued and outstanding) 41,143 41,143
Syndication costs (4,804) (4,804)
Distributions (46,296) (46,265)
Retained earnings 10,509 10,511
Shareholders' total 552 585
Total members' capital 1,846 1,869
Total liabilities and members' capital $ 4,151 $ 3,828