PDC 2003-A LP
CIK:0001270426|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 | $ 152,088 | $ 166,053 | $ 299,387 | $ 383,668 |
| Commodity price risk management gain, net | 39,294 | 66,103 | 14,038 | 235,223 |
| Total revenues | 191,382 | 232,156 | 313,425 | 618,891 |
| Operating costs and expenses: | ||||
| Natural gas, NGLs and crude oil production costs | 62,813 | 61,597 | 117,412 | 117,885 |
| Direct costs - general and administrative | 39,767 | 1,374 | 95,742 | 2,264 |
| Depreciation, depletion and amortization | 89,072 | 98,829 | 172,354 | 204,254 |
| Accretion of asset retirement obligations | 1,777 | 1,674 | 3,527 | 3,324 |
| Total operating costs and expenses | 193,429 | 163,474 | 389,035 | 327,727 |
| Income (loss) from operations | (2,047) | 68,682 | (75,610) | 291,164 |
| Interest income | 4 | 0 | 8 | 0 |
| Net income (loss) | (2,043) | 68,682 | (75,602) | 291,164 |
| Net income (loss) allocated to partners | (2,043) | 68,682 | (75,602) | 291,164 |
| Less: Managing General Partner interest in net income (loss) | (408) | 13,737 | (15,120) | 58,233 |
| Net income (loss) allocated to Investor Partners | (1,635) | 54,945 | (60,482) | 232,931 |
| Net income (loss) per Investor Partner unit | $ (4) | $ 130 | $ (143) | $ 549 |
| Investor Partner units outstanding | 424.15 | 424.15 | 424.15 | 424.15 |
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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 | $ 10,228 | $ 10,221 | [1] | ||
| Accounts receivable | 42,542 | 68,082 | [1] | ||
| Crude oil inventory | 16,229 | 12,237 | [1] | ||
| Due from Managing General Partner-derivatives | 138,704 | 127,068 | [1] | ||
| Total current assets | 207,703 | 217,608 | [1] | ||
| Natural gas and crude oil properties, successful efforts method, at cost | 9,370,893 | 9,368,764 | [1] | ||
| Less: Accumulated depreciation, depletion and amortization | (5,895,266) | (5,722,912) | [1] | ||
| Natural gas and crude oil properties, net | 3,475,627 | 3,645,852 | [1] | ||
| Due from Managing General Partner-derivatives | 167,612 | 207,714 | [1] | ||
| Other assets | 29,279 | 25,895 | [1] | ||
| Total noncurrent assets | 3,672,518 | 3,879,461 | [1] | ||
| Total Assets | 3,880,221 | 4,097,069 | [1] | ||
| Current liabilities: | |||||
| Accounts payable and accrued expenses | 6,261 | 14,120 | [1] | ||
| Due to Managing General Partner-derivatives | 117,781 | 119,159 | [1] | ||
| Due to Managing General Partner-other, net | 505,996 | 590,455 | [1] | ||
| Total current liabilities | 630,038 | 723,734 | [1] | ||
| Due to Managing General Partner-derivatives | 120,750 | 157,468 | [1] | ||
| Asset retirement obligations | 121,947 | 118,420 | [1] | ||
| Total liabilities | 872,735 | 999,622 | [1] | ||
| Commitments and contingent liabilities | [1] | ||||
| Partners' equity: | |||||
| Managing General Partner | 602,790 | 620,782 | [1] | ||
| Limited Partners - 424.15 units issued and outstanding | 2,404,696 | 2,476,665 | [1] | ||
| Total Partners' equity | 3,007,486 | 3,097,447 | [1] | ||
| Total Liabilities and Partners' Equity | $ 3,880,221 | $ 4,097,069 | [1] | ||
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