Atlas America Series 26-2005 L.P.

CIK:0001342514|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 and oil	$ 84,200	$ 108,100	$ 158,200	$ 261,700
(Loss) gain on mark-to-market derivatives	(4,000)	(2,600)	(600)	200
Total revenues	80,200	105,500	157,600	261,900
COSTS AND EXPENSES
Production	129,400	133,500	227,600	301,600
Depletion		23,400	0	47,800
Accretion of asset retirement obligations	25,300	40,800	50,600	81,500
General and administrative	35,100	32,800	63,700	68,900
Total costs and expenses	189,800	230,500	341,900	499,800
Net loss	(109,600)	(125,000)	(184,300)	(237,900)
Allocation of net loss:
Managing general partner	(38,000)	(45,900)	(66,200)	(89,100)
Limited partners	$ (71,600)	$ (79,100)	$ (118,100)	$ (148,800)
Net loss per limited partnership unit	$ (51)	$ (56)	$ (84)	$ (106)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (184,300)	$ (237,900)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depletion	0	47,800
Non cash loss (gain) on derivative value	8,300	(2,200)
Accretion of asset retirement obligations	50,600	81,500
Asset retirement obligation liabilities settled	(200)	0
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable trade-affiliate	(100)	98,700
Increase in asset retirement receivable-affiliate	(82,600)	(13,300)
Increase in accounts payable trade-affiliate	207,600	29,500
Increase (decrease) in accrued liabilities	700	(4,100)
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Net cash 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	47,000	46,900
Current portion of derivative assets	7,100	20,800
Total current assets	54,100	67,700
Gas and oil properties, net	1,199,400	1,199,400
Long-term asset retirement receivable-affiliate	118,700	36,100
Total assets	1,372,200	1,303,200
Current liabilities:
Accounts payable trade-affiliate	346,500	138,900
Accrued liabilities	9,200	8,500
Put premiums payable-affiliate	4,800	9,600
Total current liabilities	360,500	157,000
Asset retirement obligations	3,061,800	3,011,400
Commitments and contingencies (Note 6)
Partners’ deficit:
Managing general partner’s deficit	(397,800)	(331,600)
Limited partners’ deficit (1,400 units)	(1,652,700)	(1,534,600)
Accumulated other comprehensive income	400	1,000
Total partners’ deficit	(2,050,100)	(1,865,200)
Total liabilities and partners’ deficit	$ 1,372,200	$ 1,303,200