PDC 2002 D LTD PARTNERSHIP
CIK:0001224952|SEC Filings
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Condensed Statements of Operations (Unaudited) Statement (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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| Revenues: | ||||
| Natural gas, NGLs and crude oil sales | $ 327,134 | $ 323,102 | $ 690,973 | $ 727,436 |
| Commodity price risk management gain, net | 98,152 | 155,864 | 42,746 | 617,889 |
| Total revenues | 425,286 | 478,966 | 733,719 | 1,345,325 |
| Operating costs and expenses: | ||||
| Natural gas, NGLs and crude oil production costs | 121,324 | 323,226 | 274,212 | 734,672 |
| Direct costs - general and administrative | 40,013 | 4,917 | 235,970 | 6,915 |
| Depreciation, depletion and amortization | 196,534 | 275,553 | 405,322 | 557,099 |
| Accretion of asset retirement obligations | 6,885 | 6,483 | 13,667 | 12,873 |
| Total operating costs and expenses | 364,756 | 610,179 | 929,171 | 1,311,559 |
| Income (loss) from operations | 60,530 | (131,213) | (195,452) | 33,766 |
| Interest income | 28 | 46 | 77 | 93 |
| Net income (loss) | 60,558 | (131,167) | (195,375) | 33,859 |
| Net income (loss) allocated to partners | 60,558 | (131,167) | (195,375) | 33,859 |
| Less: Managing General Partner interest in net income (loss) | 12,112 | (26,233) | (39,075) | 6,772 |
| Net income (loss) allocated to Investor Partners | 48,446 | (104,934) | (156,300) | 27,087 |
| Net income (loss) per Investor Partner unit | $ 33 | $ (72) | $ (107) | $ 19 |
| Investor Partner units outstanding | 1,455.26 | 1,455.26 | 1,455.26 | 1,455.26 |
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Condensed Balance Sheets (Unaudited) Statement (USD $)
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Jun. 30, 2011
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Dec. 31, 2010
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| Current assets: | |||||
| Cash and cash equivalents | $ 8,315 | $ 133,238 | [1] | ||
| Accounts receivable | 109,929 | 133,783 | [1] | ||
| Crude oil inventory | 39,987 | 40,211 | [1] | ||
| Due from Managing General Partner-derivatives | 375,197 | 345,618 | [1] | ||
| Total current assets | 533,428 | 652,850 | [1] | ||
| Natural gas and crude oil properties, successful efforts method, at cost | 16,326,233 | 16,301,661 | [1] | ||
| Less: Accumulated depreciation, depletion and amortization | (10,643,605) | (10,238,283) | [1] | ||
| Natural gas and crude oil properties, net | 5,682,628 | 6,063,378 | [1] | ||
| Due from Managing General Partner-derivatives | 447,156 | 556,021 | [1] | ||
| Other assets | 95,800 | 86,464 | [1] | ||
| Total noncurrent assets | 6,225,584 | 6,705,863 | [1] | ||
| Total Assets | 6,759,012 | 7,358,713 | [1] | ||
| Current liabilities: | |||||
| Accounts payable and accrued expenses | 12,537 | 40,662 | [1] | ||
| Due to Managing General Partner-derivatives | 303,401 | 297,142 | [1] | ||
| Due to Managing General Partner-other, net | 330,882 | 587,730 | [1] | ||
| Total current liabilities | 646,820 | 925,534 | [1] | ||
| Due to Managing General Partner-derivatives | 321,548 | 420,505 | [1] | ||
| Asset retirement obligations | 465,297 | 451,630 | [1] | ||
| Total liabilities | 1,433,665 | 1,797,669 | [1] | ||
| Commitments and contingent liabilities | [1] | ||||
| Partners' equity: | |||||
| Managing General Partner | 1,263,156 | 1,306,336 | [1] | ||
| Limited Partners - 1,455.26 units issued and outstanding | 4,062,191 | 4,254,708 | [1] | ||
| Total Partners' equity | 5,325,347 | 5,561,044 | [1] | ||
| Total Liabilities and Partners' Equity | $ 6,759,012 | $ 7,358,713 | [1] | ||
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