Atlas Resources Public #16-2007 (A) L.P.

CIK:0001374985|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
REVENUES
Natural gas and oil	$ 479,800	$ 642,700	$ 940,800	$ 1,690,500
(Loss) gain on mark-to-market derivatives	(25,300)	(16,900)	(4,500)	1,300
Total revenues	454,500	625,800	936,300	1,691,800
COSTS AND EXPENSES
Production	708,900	776,300	1,340,700	1,642,000
Depletion	55,100	126,900	100,500	265,600
Accretion of asset retirement obligations	103,100	185,200	206,200	370,400
General and administrative	110,700	107,700	203,300	225,200
Total costs and expenses	977,800	1,196,100	1,850,700	2,503,200
Net loss	(523,300)	(570,300)	(914,400)	(811,400)
Allocation of net loss:
Managing general partner	(181,500)	(212,500)	(332,300)	(314,900)
Limited partners	$ (341,800)	$ (357,800)	$ (582,100)	$ (496,500)
Net loss per limited partnership unit	$ (17)	$ (18)	$ (29)	$ (25)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (914,400)	$ (811,400)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depletion	100,500	265,600
Non-cash loss (gain) on derivative value	49,500	(17,700)
Accretion of asset retirement obligations	206,200	370,400
Asset retirement obligations settled	(600)	0
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable trade-affiliate	(1,900)	573,400
Increase in asset retirement receivable-affiliate	(378,000)	(114,300)
Increase (decrease) in accrued liabilities	1,400	(2,300)
Increase in accounts payable trade-affiliate	936,800	40,500
Net cash (used in) provided by operating activities	(500)	304,200
Cash flows from investing activities:
Proceeds from the sale of tangible equipment	500	300
Net cash provided by investing activities	500	300
Cash flows from financing activities:
Distributions to partners	0	(304,500)
Net cash used in financing activities	0	(304,500)
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	311,100	309,200
Current portion of derivative assets	45,400	132,300
Total current assets	356,500	441,500
Gas and oil properties, net	6,757,600	6,858,600
Long-term asset retirement receivable-affiliate	637,500	259,500
Total assets	7,751,600	7,559,600
Current liabilities:
Accounts payable trade-affiliate	1,381,400	444,600
Accrued liabilities	12,900	11,500
Put premiums payable-affiliate	30,700	61,000
Total current liabilities	1,425,000	517,100
Asset retirement obligations	13,688,300	13,482,700
Commitments and contingencies (Note 6)
Partners’ capital (deficit):
Managing general partner’s interest	206,700	539,000
Limited partners’ deficit (20,000 units)	(7,573,300)	(6,991,200)
Accumulated other comprehensive income	4,900	12,000
Total partners’ deficit	(7,361,700)	(6,440,200)
Total liabilities and partners’ deficit	$ 7,751,600	$ 7,559,600