v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and equivalents $ 10,457,317 $ 8,657,066
Investments 31,543,659 32,506,083
Production accounts receivable 1,569,814 1,228,476
Other 31,364 31,364
Total current assets 43,602,154 42,422,989
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 133,744,033 133,787,643
Pipeline and support equipment 656,630 656,630
Corporate and other 2,175,101 2,175,101
Gross property and equipment 136,575,764 136,619,374
Less accumulated depreciation, depletion, amortization and write down 130,468,065 130,292,651
Net property and equipment 6,107,699 6,326,723
OTHER ASSETS 311,235 307,302
TOTAL ASSETS 50,021,088 49,057,014
CURRENT LIABILITIES    
Accounts payable 3,003,376 2,984,192
Accrued expenses 504,695 1,031,477
Total current liabilities 3,508,071 4,015,669
OPERATIONAL ADVANCES 3,617,103 3,538,740
ASSET RETIREMENT OBLIGATIONS 19,032,969 18,740,023
Commitments and Contingencies  
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 4,610,646 Units 23,520,653 22,436,073
GENERAL PARTNER'S EQUITY 342,292 326,509
Total partners' equity 23,862,945 22,762,582
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 50,021,088 $ 49,057,014