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Impairment of Capitalized Costs
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12 Months Ended |
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Dec. 31, 2013
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| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
| Impairment of natural gas and crude oil properties [Table Text Block] | IMPAIRMENT OF CRUDE OIL AND NATURAL GAS PROPERTIES In December 2013, this Partnership recognized an impairment charge of $188,854 associated with its Wattenberg Field proved oil and natural gas properties. The assets were determined to be impaired as the estimated undiscounted future net cash flows were less than the carrying value of the assets. The fair value for determining the amount of the impairment charge was based on a discounted cash flow analysis. The most significant factor leading to the charge was a significant increase to the differential to NYMEX. The outcome of these two items significantly decreased future cash flows. In December 2012, this Partnership recognized an impairment charge of $1,078,355 associated with its Wattenberg Field proved oil and natural gas properties. The assets were determined to be impaired as the estimated undiscounted future net cash flows were less than the carrying value of the assets. The fair value for determining the amount of the impairment charge was based on a discounted cash flow analysis. See Supplemental Crude Oil, Natural Gas and NGLs Information–Unaudited–Capitalized Costs and Costs Incurred in Crude Oil and Natural Gas Property Development Activities for additional information on impairment of crude oil and natural gas properties. |