ATLAS AMERICA SERIES 25-2004 (B) L.P.
CIK:0001294208|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| REVENUES | ||||
| Natural gas, oil and liquids | $ 74,400 | $ 71,600 | $ 132,700 | $ 204,100 |
| (Loss) gain on mark-to-market derivatives | (3,700) | (2,100) | (800) | 200 |
| Total revenues | 70,700 | 69,500 | 131,900 | 204,300 |
| COSTS AND EXPENSES | ||||
| Production | 131,600 | 121,800 | 234,700 | 266,200 |
| Depletion | 20,900 | 0 | 44,100 | |
| Accretion of asset retirement obligations | 28,100 | 51,500 | 56,200 | 102,900 |
| General and administrative | 37,100 | 33,200 | 67,400 | 69,200 |
| Total costs and expenses | 196,800 | 227,400 | 358,300 | 482,400 |
| Net loss | (126,100) | (157,900) | (226,400) | (278,100) |
| Allocation of net loss: | ||||
| Managing general partner | (42,800) | (57,000) | (78,800) | (102,300) |
| Limited partners | $ (83,300) | $ (100,900) | $ (147,600) | $ (175,800) |
| Net loss per limited partnership unit | $ (66) | $ (80) | $ (117) | $ (139) |
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (226,400) | $ (278,100) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depletion | 0 | 44,100 |
| Non cash loss (gain) on derivative value | 7,700 | (1,700) |
| Accretion of asset retirement obligations | 56,200 | 102,900 |
| Changes in operating assets and liabilities: | ||
| Decrease in accounts receivable trade-affiliate | 1,900 | 34,300 |
| Increase in asset retirement receivable-affiliate | (202,800) | (102,000) |
| Increase in accounts payable trade-affiliate | 362,400 | 205,500 |
| Increase (decrease) in accrued liabilities | 1,000 | (5,000) |
| Net cash provided by operating activities | 0 | 0 |
| Cash flows from investing activities: | ||
| Net cash flow used in investing activities | 0 | 0 |
| Cash flows from financing activities: | ||
| Net cash used in financing activities | 0 | 0 |
| Net change in cash | 0 | 0 |
| Cash at beginning of period | 0 | 0 |
| Cash at end of period | $ 0 | $ 0 |
CONDENSED BALANCE SHEETS (Unaudited) - USD ($) |
Jun. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Current assets: | ||
| Cash | $ 0 | $ 0 |
| Accounts receivable trade–affiliate | 42,300 | 44,200 |
| Current portion of derivative assets | 6,300 | 19,000 |
| Total current assets | 48,600 | 63,200 |
| Gas and oil properties, net | 1,326,900 | 1,326,900 |
| Long-term asset retirement receivable-affiliate | 525,100 | 322,300 |
| Total assets | 1,900,600 | 1,712,400 |
| Current liabilities: | ||
| Accounts payable trade-affiliate | 912,600 | 550,200 |
| Accrued liabilities | 9,600 | 8,600 |
| Put premiums payable-affiliate | 4,300 | 8,800 |
| Total current liabilities | 926,500 | 567,600 |
| Asset retirement obligations | 3,859,600 | 3,803,400 |
| Commitments and contingencies (Note 6) | ||
| Partners’ deficit: | ||
| Managing general partner’s deficit | (539,600) | (460,800) |
| Limited partners’ deficit (1,265.38 units) | (2,346,200) | (2,198,600) |
| Accumulated other comprehensive income | 300 | 800 |
| Total partners’ deficit | (2,885,500) | (2,658,600) |
| Total liabilities and partners’ deficit | $ 1,900,600 | $ 1,712,400 |