Company profile

Incorporated in
Fiscal year end


7 May 20
7 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 249.57K 294K 255K 331K
Net income -21.66K -78K -24K 59K
Net profit margin -8.68% -26.53% -9.41% 17.82%
Net change in cash -181.44K -181.23K -6.26K 119.63K
Cash on hand 4.84M 5.02M 5.2M 5.21M
Cost of revenue 4.97K 3.22K 3.9K 3.93K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.21M 1.5M 1.01M 1.32M
Net income -9.28K 270.74K -257.47K -3.14M
Net profit margin -0.77% 18.07% -25.53% -237%
Net change in cash -82.9K -14.15K 81.82K -210.78K
Cash on hand 5.02M 5.1M 5.12M 5.04M
Cost of revenue 15.82K 17.49K 2.5K 84.62K

Financial data from company earnings reports

Financial report summary

Management Discussion
  • The Partnership reported a net loss of $21,657 ($25 per Investing Partner Unit) for the first quarter of 2020 compared to net income of $34,394 ($18 per Investing Partner Unit) in the first quarter of 2019.
  • Total revenues in the first quarter of 2020 decreased 24 percent from the first quarter of 2019 as the result of lower crude oil and gas realized prices. The Partnership’s crude oil, natural gas, and NGLs production volume and price information is summarized in the following table (gas volumes are presented in thousand cubic feet (Mcf) per day):
  • The Partnership’s crude oil sales for the first quarter of 2020 totaled $204,469, compared to $262,883 in the first quarter of 2019. The Partnership’s average realized oil price in the first quarter of 2020 decreased $11.41 per barrel from the first quarter of 2019, reducing sales by $53,569. Crude oil volumes decreased to 50 barrels per day in the first quarter of 2020, compared to 52 barrels per day in the prior year period, primarily the result of natural depletion. The decrease in production reduced oil sales by $4,845.
Content analysis ?
H.S. sophomore Avg
New words: addressing, aggregate, bought, chosen, collapse, decision, decommission, disease, downtime, duration, entered, environment, Exporting, field, governmental, guidance, infrastructure, law, ongoing, open, Organization, outlook, oversupply, pandemic, partially, physical, platform, plug, plugging, policy, potential, predict, quantity, remote, rendered, reoccurrence, sale, scope, sell, service, settled, single, solicit, specifically, spending, stay, support, twelve, type, typically, unplanned, unsatisfied, upward, variable, working
Removed: accounted, ago, agreed, announced, applied, apply, assume, ASU, commence, comparable, comprise, deferred, disaggregating, dollar, driven, earliest, entity, evaluate, experience, expired, FASB, fulfillment, historically, identifiable, idle, ii, index, January, joint, land, largest, legal, marketing, measure, MMBtu, negotiated, option, optional, originally, permitting, positive, prevailing, priced, pricing, Pronouncement, prospective, prospectively, Qualitative, Quantitative, recognition, reflective, remove, retraction, risk, satisfied, scheduled, separately, set, share, source, spot, timing, Topic, transitional, unpredictable, volatile


No filings