Atlas Resources Public #17-2008 (B) L.P.

CIK:0001399541|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	$ 440,100	$ 570,300	$ 842,500	$ 1,445,100
(Loss) gain on mark-to-market derivatives	(26,500)	(19,200)	(7,400)	1,500
Total revenues	413,600	551,100	835,100	1,446,600
COSTS AND EXPENSES
Production	487,300	708,900	1,019,900	1,463,100
Depletion	82,800	152,600	156,300	316,400
Accretion of asset retirement obligation	70,200	146,400	140,300	292,800
General and administrative	83,800	83,800	154,800	178,000
Total costs and expenses	724,100	1,091,700	1,471,300	2,250,300
Operating loss	(310,500)	(540,600)	(636,200)	(803,700)
Other income	271,900		271,900
Net loss	(38,600)	(540,600)	(364,300)	(803,700)
Allocation of net loss:
Managing general partner	(13,600)	(173,200)	(142,500)	(260,800)
Limited partners	$ (25,000)	$ (367,400)	$ (221,800)	$ (542,900)
Net loss per limited partnership unit	$ (1)	$ (16)	$ (9)	$ (23)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (364,300)	$ (803,700)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depletion	156,300	316,400
Non cash loss (gain) on derivative value	52,900	(18,200)
Accretion of asset retirement obligations	140,300	292,800
Asset retirement obligations settled	(1,700)	0
Changes in operating assets and liabilities:
Decrease in accounts receivable trade-affiliate	33,300	501,700
Increase in asset retirement receivable-affiliate	(278,500)	(87,300)
Increase in accounts payable trade-affiliate	298,600	18,400
Increase (decrease) in accrued liabilities	3,100	(1,100)
Net cash provided by operating activities	40,000	219,000
Cash flows from investing activities:
Purchase of tangible equipment	(40,000)	0
Net cash used in investing activities	(40,000)	0
Cash flows from financing activities:
Distributions to partners	0	(219,000)
Net cash used in financing activities	0	(219,000)
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	283,900	317,200
Current portion of derivative assets	42,000	135,100
Total current assets	325,900	452,300
Gas and oil properties, net	5,478,200	5,594,500
Long-term asset retirement receivable-affiliate	496,900	218,500
Total assets	6,301,000	6,265,300
Current liabilities:
Accounts payable trade-affiliate	758,000	459,500
Accrued liabilities	23,100	20,000
Put premiums payable-affiliate	28,600	62,500
Total current liabilities	809,700	542,000
Asset retirement obligations	10,303,200	10,164,600
Commitments and contingencies (Note 6)
Partners’ capital (deficit):
Managing general partner’s interest	3,438,600	3,581,100
Limited partners’ deficit (23,644.10 units)	(8,254,800)	(8,033,000)
Accumulated other comprehensive income	4,300	10,600
Total partners’ deficit	(4,811,900)	(4,441,300)
Total liabilities and partners’ deficit	$ 6,301,000	$ 6,265,300