Rockies Region 2006 Limited Partnership 10-Q 14 Aug 18 2018 Q2 Quarterly report Financial data

Document Entity Information Doc

Document Entity Information Document	6 Months Ended
	Jun. 30, 2018shares
Entity Information
Additional General Partnership Units Outstanding	0
Entity Registrant Name	Rockies Region 2006 Limited Partnership
Entity Central Index Key	1,376,912
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding	0

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) Statement - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 6,415	$ 7,602
Accounts receivable	10,142	57,890
Crude oil inventory	29,458	21,682
Total current assets	46,015	87,174
Crude oil and natural gas properties, successful efforts method, at cost	2,027,049	1,978,684
Less: Accumulated depreciation, depletion and amortization	(933,944)	(923,349)
Crude oil and natural gas properties, net	1,093,105	1,055,335
Total Assets	1,139,120	1,142,509
Current liabilities:
Due to Managing General Partner, net	1,397,142	942,592
Current portion of asset retirement obligations	550,000	400,000
Total current liabilities	1,947,142	1,342,592
Asset retirement obligations	1,392,294	1,621,598
Total Liabilities	3,339,436	2,964,190
Commitments and contingent liabilities
Partners' equity (deficit):
Managing General Partner	(5,750,130)	(5,610,035)
Limited Partners - 4,497 units issued and outstanding	3,549,814	3,788,354
Total Partners' Equity (Deficit)	(2,200,316)	(1,821,681)
Total Liabilities and Partners' Equity (Deficit)	$ 1,139,120	$ 1,142,509

Balance Sheet Parentheticals (P

Balance Sheet Parentheticals (Parentheticals) - shares	Jun. 30, 2018	Dec. 31, 2017
Balance Sheet Parentheticals [Abstract]
Limited Partners' Capital Account, Units Issued	4,497	4,497
Limited Partners' Capital Account, Units Outstanding	4,497	4,497

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) Statement - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Crude oil, natural gas and NGLs sales	$ 22,218	$ 214,319	$ 47,822	$ 469,474
Operating costs and expenses:
Lease operating expenses	75,413	163,653	145,800	331,044
Production taxes	(57)	13,946	586	22,645
Direct costs - general and administrative	125,970	30,363	151,093	78,238
Depreciation, depletion and amortization	5,391	44,935	10,595	93,013
Accretion of asset retirement obligations	30,343	43,614	63,918	86,398
(Gain) loss on settlement of asset retirement obligations	19,412	13,875	54,465	(61,730)
Total operating costs and expenses	256,472	310,386	426,457	549,608
Operating loss:
Net loss	(234,254)	(96,067)	(378,635)	(80,134)
Less: Managing General Partner interest in net loss	(86,674)	(35,546)	(140,095)	(29,650)
Net loss allocated to Investor Partners	$ (147,580)	$ (60,521)	$ (238,540)	$ (50,484)
Net income (loss) per Investor Partner Unit:
Net loss per Investor Partner unit	$ (32.82)	$ (13.46)	$ (53.04)	$ (11.23)
Investor Partner units outstanding	4,497	4,497	4,497	4,497

Condensed Statement of Partners

Condensed Statement of Partners' Equity (Deficit) Statement - USD ($)	Total	Investor Partners	Managing General Partner
Partners' Capital	$ (1,821,681)
Limited Partners' Capital Account	3,788,354
General Partners' Capital Account	(5,610,035)
Net loss allocated to Investor Partners	(238,540)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(378,635)
Less: Managing General Partner interest in net loss	(140,095)
Partners' Capital	(2,200,316)
Limited Partners' Capital Account	3,549,814	$ 3,549,814
General Partners' Capital Account	$ (5,750,130)		$ (5,750,130)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) Statement - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (378,635)	$ (80,134)
Adjustments to net income (loss) to reconcile to net cash from operating activities:
Depreciation, depletion and amortization	10,595	93,013
Accretion of asset retirement obligations	63,918	86,398
(Gain) loss on settlement of asset retirement obligations	54,465	(61,730)
Changes in assets and liabilities:
Accounts receivable	47,748	2,988
Crude oil inventory	(7,776)	35,994
Asset retirement obligations	(197,687)	(163,413)
Due to Managing General Partner, net	436,988	84,900
Net cash from operating activities	29,616	(1,984)
Cash flows from Investing Activities:
Capital expenditures for crude oil and natural gas properties	(57,325)	0
Proceeds from sales of well equipment	26,522	0
Net cash from investing activities	(30,803)	0
Net change in cash and cash equivalents	(1,187)	(1,984)
Cash and cash equivalents, beginning of period	7,602	11,215
Cash and cash equivalents, end of period	6,415	9,231
Change in due to managing general partner, net related to purchases of properties and equipment	21,028	0
Change in due to managing general partner, net related to sales of well equipment	$ (3,466)	$ 0

General and Basis of Presentati

General and Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	General and Basis of Presentation Rockies Region 2006 Limited Partnership (this “Partnership” or the “Registrant”) was organized in 2006 as a limited partnership, in accordance with the laws of the State of West Virginia, for the purpose of engaging in the exploration and development of crude oil and natural gas properties. Business operations commenced upon closing of an offering for the private placement of Partnership units. Upon funding, this Partnership entered into a Drilling and Operating Agreement (“D&O Agreement”) with the Managing General Partner which authorizes PDC to conduct and manage this Partnership's business. In accordance with the terms of the Limited Partnership Agreement (the “Agreement”), the Managing General Partner is authorized to manage all activities of this Partnership and initiates and completes substantially all Partnership transactions, subject to the following paragraph. On May 7, 2018, the Managing General Partner entered into an agreement with Bridgepoint Consulting LLC (“Bridgepoint”). Bridgepoint has designated Karen Nicolaou to serve as the “Responsible Party” for this Partnership. Ms. Nicolaou has more than 20 years of experience in providing restructuring advisory services and has previously served as Responsible Party for other partnerships for which PDC was the Managing General Partner. In her capacity as the Responsible Party, Ms. Nicolaou will make all material decisions regarding this Partnership and has the authority, among other things, to analyze the books and records of this Partnership, analyze potential restructuring and divestiture options, including but not limited to filing bankruptcy, and enter into and execute definitive documents to effect such transactions, or direct the Managing General Partner to do the above. As of June 30, 2018 , there were 1,976 limited partners ("Investor Partners") in this Partnership. PDC is the designated Managing General Partner of this Partnership and owns a 37 percent Managing General Partner ownership in this Partnership. According to the terms of the Agreement, revenues, costs and cash distributions of this Partnership are allocated 63 percent to the Investor Partners, which are shared pro rata based upon the number of units in this Partnership, and 37 percent to the Managing General Partner. The Managing General Partner may repurchase Investor Partner units under certain circumstances provided by the Agreement, upon request of an individual Investor Partner. The formula for the repurchase price is set at a minimum of four times the most recent 12 months of cash distributions. Due to the suspension of cash distributions during the second quarter of 2015, there is no value upon which to base further calculations, and therefore, no repurchase offers are currently being considered. On a cumulative basis, through June 30, 2018 , the Managing General Partner has repurchased 204 units of Partnership interest from the Investor Partners at an average price of $1,914 per unit. As of June 30, 2018 , the Managing General Partner owned a total of approximately 40 percent of this Partnership, which includes its 37 percent Managing General Partner interest and approximately three percent of Limited Partner Interests it has repurchased from the Investor Partners. In the Managing General Partner's opinion, the accompanying condensed financial statements contain all adjustments consisting of only normal recurring adjustments necessary for a fair statement of this Partnership's results for interim periods in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Accordingly, pursuant to such rules and regulations, certain notes and other financial information included in the audited financial statements have been condensed or omitted. The December 31, 2017 condensed balance sheet data was derived from this Partnership's audited financial statements, but does not include disclosures required by U.S. GAAP. The information presented in this Quarterly Report on Form 10-Q should be read in conjunction with this Partnership's audited financial statements and notes thereto included in this Partnership's 2017 Form 10-K. This Partnership's accounting policies are described in the Notes to Financial Statements in this Partnership's 2017 Form 10-K and updated, as necessary, in this Quarterly Report on Form 10-Q. The results of operations and cash flows for the six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year or any future period. Certain immaterial reclassifications have been made to the prior period condensed statement of cash flows to conform to the current period presentation. The reclassifications had no impact on previously reported financial results.

Going Concern (Notes)

Going Concern (Notes)	6 Months Ended
	Jun. 30, 2018
Going Concern [Abstract]
Going Concern [Text Block]	Going Concern This Partnership has historically funded its operations with cash flows from operations. This Partnership’s most significant cash outlays have related to its operating expenses, capital expenditures and plugging and abandonment of wells. This Partnership's cash flows provided by operations were $30,000 for the six months ended June 30, 2018 and it had a cash deficit of $2,000 for the six months ended June 30, 2017 . This Partnership had working capital deficits of $1,901,000 and $1,255,000 as of June 30, 2018 and December 31, 2017 , respectively. The negative impact to its liquidity resulting from elevated gathering system line pressure and current commodity prices raises substantial doubt about this Partnership’s ability to continue as a going concern. As the cash outlays for plugging and abandoning wells over the next several years are expected to be significant, this applies further strain on the overall liquidity of this Partnership. The Managing General Partner believes that cash flows from operations will not be sufficient to meet this Partnership’s obligations largely because of the expenditures required to plug and abandon uneconomic wells, absent a major change in circumstances as described below. Any deficits in available cash flows generated by this Partnership's operations are currently being funded by the Managing General Partner, to the extent necessary. The Managing General Partner will recover amounts funded from future cash flows of this Partnership, to the extent available. One of this Partnership's most significant obligations is to the Managing General Partner for reimbursement of costs paid on behalf of this Partnership by the Managing General Partner. Such amounts are paid to third parties for general and administrative expenses, well equipment, operating costs and plugging and abandonment costs, as well as monthly operating fees payable to the Managing General Partner. This Partnership's quarterly cash distributions to the Investor Partners and Managing General Partner have been suspended and this suspension is expected to continue until such time, if ever, that cash flows can reasonably be expected to support the necessary costs of expected plugging and abandoning of the wells that are becoming unproductive and any capital investments required for regulatory compliance, and this Partnership becomes current on its obligations. The ability of this Partnership to continue as a going concern is dependent upon its ability to attain a satisfactory level of cash flows from operations. Greater cash flows would most likely occur from a sustained increase in production and improved commodity pricing. Historically, during times of normalized gathering system line pressures, as a result of the normal production decline in a well's production life cycle, this Partnership has not experienced a sustained increase in production without substantial amounts of capital expenditures. In accordance with the agreement that the Managing General Partner entered into with Bridgepoint, Ms. Nicolaou will make all material decisions regarding this Partnership and has the authority, among other things, to analyze the books and records of this Partnership, analyze potential restructuring and divestiture options, including but not limited to filing bankruptcy, and enter into and execute definitive documents to effect such transactions, or direct the Managing General Partner to do so. Accordingly, Ms. Nicolaou is considering various options to potentially mitigate risks impacting this Partnership’s ability to continue as a going concern. There can be no assurance that this Partnership will be able to mitigate such conditions. Failure to do so could result in a partial asset sale or some form of bankruptcy, liquidation, or dissolution of this Partnership. The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and satisfaction of liabilities and commitments in the normal course of business. The financial statements do not reflect any adjustments that might result if this Partnership is unable to continue as a going concern.

Recent Accounting Standards

Recent Accounting Standards	6 Months Ended
	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Summary of Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies Recently Adopted Accounting Standard In May 2014, the Financial Accounting Standards Board issued its standard on revenue recognition that provides a comprehensive model that entities will apply to determine the measurement of revenue and timing of when it is recognized. The standard has been updated and now includes technical corrections. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The standard outlines a five-step approach to apply the underlying principle: (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to separate performance obligations and (5) recognize revenue when (or as) each performance obligation is satisfied. This Partnership adopted the standard effective January 1, 2018. In order to evaluate the impact that the adoption of the revenue standard had on this Partnership's financial statements, the Managing General Partner performed a comprehensive review of its significant revenue streams. The focus of this review included, among other things, the identification of the significant contracts and other arrangements this Partnership has with its customers to identify performance obligations and principal versus agent considerations and factors affecting the determination of the transaction price. The Managing General Partner also reviewed this Partnership's current accounting policies, procedures and controls with respect to these contracts and arrangements to determine what changes, if any, would be required by the adoption of the revenue standard. This Partnership adopted the standard under the modified retrospective method. Based on the review, adoption of the standard did not impact this Partnership's 2017 results of operations. Upon adoption, no adjustment to the opening balance of this Partnership's retained deficit was deemed necessary.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value Measurements This Partnership's fair value measurements were estimated pursuant to a fair value hierarchy that requires this Partnership to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date, giving the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable data (Level 3). In some cases, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. In these cases, the lowest level input that is significant to a fair value measurement in its entirety determines the applicable level in the fair value hierarchy. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability and may affect the valuation of the assets and liabilities and their placement within the fair value hierarchy levels. The Managing General Partner utilizes fair value, on a non-recurring basis, to perform impairment testing on this Partnership's crude oil and natural gas properties by comparing carrying value to estimated undiscounted future net cash flows. If carrying value exceeds undiscounted future net cash flows, the measurement of impairment is based on estimated fair value and is measured by the amount by which the carrying value exceeds the estimated fair value.

Asset Retirement Obligations As

Asset Retirement Obligations Asset Retirement Obligations (Notes)	6 Months Ended
	Jun. 30, 2018
ASSET RETIREMENT OBLIGATIONS [Abstract]
Asset Retirement Obligation Disclosure [Text Block]	Asset Retirement Obligations The following table presents the changes in carrying amounts of the asset retirement obligations associated with this Partnership's working interest in crude oil and natural gas properties: Amount Balance at December 31, 2017 $ 2,021,598 Obligations discharged with asset retirements (143,222 ) Accretion expense 63,918 Balance at June 30, 2018 1,942,294 Less current portion 550,000 Long-term portion $ 1,392,294 This Partnership's estimated asset retirement obligations liability is based on the Managing General Partner's historical experience in plugging and abandoning this Partnership's wells, estimated economic lives and estimated plugging and abandonment costs considering federal and state regulatory requirements in effect. The liability is discounted using the credit-adjusted risk-free rate estimated at the time the liability is incurred or revised. To the extent future revisions to these assumptions impact the present value of the existing asset retirement obligations liability, a corresponding adjustment is made to the properties and equipment balance. Changes in the liability due to the passage of time are recognized as an increase in the carrying amount of the liability and as corresponding accretion expense. The current portion of the asset retirement obligations relates to 11 wells that are expected to be plugged and abandoned during the next 12 months. During the six months ended June 30, 2018 , this Partnership plugged and abandoned three wells and continued reclamation efforts on certain wells that were plugged and abandoned in 2017 for a total estimated cost of approximately $198,000 . Upon plugging and abandoning the three wells in 2018, this Partnership relieved the related asset retirement obligations liability of approximately $143,000 , resulting in a loss on settlement of asset retirement obligations of approximately $55,000 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Legal Proceedings Neither this Partnership nor PDC, in its capacity as the Managing General Partner of this Partnership, is party to any pending legal proceeding, except as provided herein, that PDC believes would have a materially adverse effect on this Partnership's business, financial condition, results of operations or liquidity. Derivative Action In December 2017, PDC received an action entitled Dufresne, et al. v. PDC Energy, et al., filed in the United States District Court for the District of Colorado. The original complaint was brought by a number of limited partner investors seeking to assert derivative claims on behalf of this Partnership against PDC and alleging claims for breach of fiduciary duty and breach of contract. The plaintiffs also included claims against two of PDC's senior officers for alleged breach of fiduciary duty. The lawsuit accuses PDC, as the managing general partner of this Partnership, of, among other things, failing to maximize the productivity of this Partnership's crude oil and natural gas wells. PDC filed a motion to dismiss the lawsuit on February 1, 2018, on the grounds that the complaint is deficient, including because the plaintiffs failed to allege that PDC refused a demand to take action on their claims. On March 14, 2018, the motion was denied as moot by the court because the plaintiffs requested leave to amend their complaint. In late April 2018, the plaintiffs filed an amendment to their complaint. Such amendment alleged additional facts to support the plaintiffs’ claims and purports to add direct class action claims in addition to the original derivative claims. The amendment also added three new individual defendants, all of which are currently independent members of PDC's Board of Directors. PDC filed a motion to dismiss the amended complaint and, in response, the plaintiffs filed a second amended complaint on July 10, 2018. On July 31, 2018, PDC filed a motion to dismiss this second amended complaint and the claims against the individuals named as defendants. This motion has not yet been decided by the court. Potential damages as a result of this lawsuit, if any, would be paid by PDC and should not affect this Partnership. Environmental Due to the nature of the natural gas and oil industry, this Partnership is exposed to environmental risks. The Managing General Partner has various policies and procedures to minimize and mitigate the risks from environmental contamination. The Managing General Partner conducts periodic reviews and simulated drills to identify changes in this Partnership's environmental risk profile. Liabilities are recorded when environmental damages resulting from past events are probable and the costs can be reasonably estimated. Except as discussed herein, the Managing General Partner is not aware of any material environmental claims existing as of June 30, 2018 which have not been provided for or would otherwise have a material impact on this Partnership's financial statements; however, there can be no assurance that current regulatory requirements will not change or that unknown potential past non-compliance with environmental laws or other environmental liabilities will not be discovered on this Partnership's properties. The liability ultimately incurred with respect to a matter may exceed the related accrual. Clean Air Act Tentative Agreement and Related Consent Decree In August 2015, the Managing General Partner received a Clean Air Act Section 114 Information Request (the "Information Request") from the U.S. Environmental Protection Agency ("EPA"). The Information Request sought, among other things, information related to the design, operation and maintenance of this Partnership's Wattenberg Field production facilities in the Denver-Julesburg Basin of Colorado ("DJ Basin"). The Information Request focused on historical operation and design information at certain of the Managing General Partner's production facilities and asked that the Managing General Partner conduct sampling and analyses at these facilities. The Managing General Partner responded to the Information Request with the requested data in January 2016 . In addition, in December 2015, the Managing General Partner received a Compliance Advisory pursuant to C.R.S. 25-7-115(2) from the Colorado Department of Public Health and Environment's Air Quality Control Commission's Air Pollution Control Division alleging that the Managing General Partner failed to design, operate and maintain certain condensate collection, storage, processing and handling operations to minimize leakage of volatile organic compounds at certain production facilities consistent with applicable standards under Colorado law . In June 2017, the U.S. Department of Justice, on behalf of the EPA and the State of Colorado, filed a complaint against the Managing General Partner in the U.S. District Court for the District of Colorado, claiming that the Managing General Partner failed to operate and maintain certain condensate collection facilities at certain production facilities so as to minimize leakage of volatile organic compounds in compliance with applicable law. In October 2017, the Managing General Partner entered into a consent decree to resolve the lawsuit. Pursuant to the consent decree, the Managing General Partner agreed to implement a variety of operational enhancements and mitigation and similar projects, including vapor control system modifications and verification, increased inspection and monitoring and installation of tank pressure monitors. The three primary elements of the consent decree are: (i) fine/supplemental environmental projects; (ii) injunctive relief; and (iii) mitigation. The Managing General Partner will pay the total amount of the fine and costs associated with the supplemental environmental projects. This Partnership will share proportionally in the injunctive relief and the mitigation costs required by the consent decree. The consent decree includes 33 of this Partnership's wells, of which seven may incur such costs. The profitability of additional older, lower production wells, such as those owned by this Partnership, would likely be affected in a negative manner by the required costs associated with the injunctive relief and mitigation, which could result in the decision to plug and abandon some or all of those wells, rather than make investments in the wells necessary to comply with the consent decree.

Transactions with Managing Gene

Transactions with Managing General Partner	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Transactions with Managing General Partner The Managing General Partner transacts business on behalf of this Partnership under the authority of the D&O and Partnership Agreements. Revenues and other cash inflows received by the Managing General Partner on behalf of this Partnership are distributed to this Partnership, net of corresponding operating costs and other cash outflows incurred on behalf of this Partnership. This Partnership's net amount due to the Managing General Partner was approximately $1,397,000 and $943,000 as of June 30, 2018 and December 31, 2017 , respectively. The majority of the amount is past due and represents operating costs, investments in crude oil and natural gas properties, plugging and abandonment costs and general and administrative and other costs that have not been deducted from distributions due to the lack of revenue and available cash flow. A “Well operations and maintenance” fee is charged by the Managing General Partner for the operation of this Partnership's wells and is included in the “Lease operating expenses” line item on the condensed statements of operations. The fees for well operating and maintenance for the six months ended June 30, 2018 and 2017 were approximately $13,000 and $96,000 , respectively.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting, Policy [Policy Text Block]	In the Managing General Partner's opinion, the accompanying condensed financial statements contain all adjustments consisting of only normal recurring adjustments necessary for a fair statement of this Partnership's results for interim periods in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Accordingly, pursuant to such rules and regulations, certain notes and other financial information included in the audited financial statements have been condensed or omitted. The December 31, 2017 condensed balance sheet data was derived from this Partnership's audited financial statements, but does not include disclosures required by U.S. GAAP. The information presented in this Quarterly Report on Form 10-Q should be read in conjunction with this Partnership's audited financial statements and notes thereto included in this Partnership's 2017 Form 10-K. This Partnership's accounting policies are described in the Notes to Financial Statements in this Partnership's 2017 Form 10-K and updated, as necessary, in this Quarterly Report on Form 10-Q. The results of operations and cash flows for the six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year or any future period. Certain immaterial reclassifications have been made to the prior period condensed statement of cash flows to conform to the current period presentation. The reclassifications had no impact on previously reported financial results.

Recent Accounting Standards Sig

Recent Accounting Standards Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Recently Issued Accounting Standards [Policy Text Block]	Recently Adopted Accounting Standard In May 2014, the Financial Accounting Standards Board issued its standard on revenue recognition that provides a comprehensive model that entities will apply to determine the measurement of revenue and timing of when it is recognized. The standard has been updated and now includes technical corrections. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The standard outlines a five-step approach to apply the underlying principle: (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to separate performance obligations and (5) recognize revenue when (or as) each performance obligation is satisfied. This Partnership adopted the standard effective January 1, 2018. In order to evaluate the impact that the adoption of the revenue standard had on this Partnership's financial statements, the Managing General Partner performed a comprehensive review of its significant revenue streams. The focus of this review included, among other things, the identification of the significant contracts and other arrangements this Partnership has with its customers to identify performance obligations and principal versus agent considerations and factors affecting the determination of the transaction price. The Managing General Partner also reviewed this Partnership's current accounting policies, procedures and controls with respect to these contracts and arrangements to determine what changes, if any, would be required by the adoption of the revenue standard. This Partnership adopted the standard under the modified retrospective method. Based on the review, adoption of the standard did not impact this Partnership's 2017 results of operations. Upon adoption, no adjustment to the opening balance of this Partnership's retained deficit was deemed necessary.

Asset Retirement Obligations 16

Asset Retirement Obligations Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2018
ASSET RETIREMENT OBLIGATIONS [Abstract]
Schedule of Change in Asset Retirement Obligation [Table Text Block]	The following table presents the changes in carrying amounts of the asset retirement obligations associated with this Partnership's working interest in crude oil and natural gas properties: Amount Balance at December 31, 2017 $ 2,021,598 Obligations discharged with asset retirements (143,222 ) Accretion expense 63,918 Balance at June 30, 2018 1,942,294 Less current portion 550,000 Long-term portion $ 1,392,294

General and Basis of Presenta17

General and Basis of Presentation General and Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2018Number_of_Limited_Partners$ / sharesshares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Investor Partners | Number_of_Limited_Partners	1,976
Managing General Partner, Ownership Interest Before Unit Repurchases	37.00%
Investor Partner Ownership Interest	63.00%
Limited Partner Units Repurchased by Managing General Partner | shares	204
Average Price Paid for Units Repurchased by Managing General Partner | $ / shares	$ 1,914
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	40.00%
Percentage of Limited Partner Units Repurchased by Managing General Partner	3.00%

Going Concern Natural Gas and C

Going Concern Natural Gas and Crude Oil Revenue (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Going Concern Disclosure [Abstract]
Negative Cash Flow from Operations	$ 30,000	$ (2,000)
Working Capital	$ (1,901,000)		$ (1,255,000)

Asset Retirement Obligations 19

Asset Retirement Obligations Asset Retirement Obligations (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)Wells	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Wells	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Changes in carrying amounts of Asset Retirement Obligation [Line Items]
Oil and Gas Wells Plugged			3
Plugging and abandonment costs			$ 198,000
Changes in asset retirement obligations
Balance at beginning of period			2,021,598
Accretion expense	$ 30,343	$ 43,614	63,918	$ 86,398
(Gain) loss on settlement of asset retirement obligations	19,412	$ 13,875	54,465	$ (61,730)
Balance at end of period	1,942,294		1,942,294
Less current portion	(550,000)		(550,000)		$ (400,000)
Long-term portion	$ 1,392,294		1,392,294		$ 1,621,598
Asset Retirement Obligation, Liabilities Settled			143,222
Loss on settlement of asset retirement obligations			$ 55,000
Minimum [Member]
Changes in asset retirement obligations
OIl and Gas Wells Expected to be Plugged | Wells	11		11

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Details)	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Legal Proceedings Neither this Partnership nor PDC, in its capacity as the Managing General Partner of this Partnership, is party to any pending legal proceeding, except as provided herein, that PDC believes would have a materially adverse effect on this Partnership's business, financial condition, results of operations or liquidity. Derivative Action In December 2017, PDC received an action entitled Dufresne, et al. v. PDC Energy, et al., filed in the United States District Court for the District of Colorado. The original complaint was brought by a number of limited partner investors seeking to assert derivative claims on behalf of this Partnership against PDC and alleging claims for breach of fiduciary duty and breach of contract. The plaintiffs also included claims against two of PDC's senior officers for alleged breach of fiduciary duty. The lawsuit accuses PDC, as the managing general partner of this Partnership, of, among other things, failing to maximize the productivity of this Partnership's crude oil and natural gas wells. PDC filed a motion to dismiss the lawsuit on February 1, 2018, on the grounds that the complaint is deficient, including because the plaintiffs failed to allege that PDC refused a demand to take action on their claims. On March 14, 2018, the motion was denied as moot by the court because the plaintiffs requested leave to amend their complaint. In late April 2018, the plaintiffs filed an amendment to their complaint. Such amendment alleged additional facts to support the plaintiffs’ claims and purports to add direct class action claims in addition to the original derivative claims. The amendment also added three new individual defendants, all of which are currently independent members of PDC's Board of Directors. PDC filed a motion to dismiss the amended complaint and, in response, the plaintiffs filed a second amended complaint on July 10, 2018. On July 31, 2018, PDC filed a motion to dismiss this second amended complaint and the claims against the individuals named as defendants. This motion has not yet been decided by the court. Potential damages as a result of this lawsuit, if any, would be paid by PDC and should not affect this Partnership. Environmental Due to the nature of the natural gas and oil industry, this Partnership is exposed to environmental risks. The Managing General Partner has various policies and procedures to minimize and mitigate the risks from environmental contamination. The Managing General Partner conducts periodic reviews and simulated drills to identify changes in this Partnership's environmental risk profile. Liabilities are recorded when environmental damages resulting from past events are probable and the costs can be reasonably estimated. Except as discussed herein, the Managing General Partner is not aware of any material environmental claims existing as of June 30, 2018 which have not been provided for or would otherwise have a material impact on this Partnership's financial statements; however, there can be no assurance that current regulatory requirements will not change or that unknown potential past non-compliance with environmental laws or other environmental liabilities will not be discovered on this Partnership's properties. The liability ultimately incurred with respect to a matter may exceed the related accrual. Clean Air Act Tentative Agreement and Related Consent Decree In August 2015, the Managing General Partner received a Clean Air Act Section 114 Information Request (the "Information Request") from the U.S. Environmental Protection Agency ("EPA"). The Information Request sought, among other things, information related to the design, operation and maintenance of this Partnership's Wattenberg Field production facilities in the Denver-Julesburg Basin of Colorado ("DJ Basin"). The Information Request focused on historical operation and design information at certain of the Managing General Partner's production facilities and asked that the Managing General Partner conduct sampling and analyses at these facilities. The Managing General Partner responded to the Information Request with the requested data in January 2016 . In addition, in December 2015, the Managing General Partner received a Compliance Advisory pursuant to C.R.S. 25-7-115(2) from the Colorado Department of Public Health and Environment's Air Quality Control Commission's Air Pollution Control Division alleging that the Managing General Partner failed to design, operate and maintain certain condensate collection, storage, processing and handling operations to minimize leakage of volatile organic compounds at certain production facilities consistent with applicable standards under Colorado law . In June 2017, the U.S. Department of Justice, on behalf of the EPA and the State of Colorado, filed a complaint against the Managing General Partner in the U.S. District Court for the District of Colorado, claiming that the Managing General Partner failed to operate and maintain certain condensate collection facilities at certain production facilities so as to minimize leakage of volatile organic compounds in compliance with applicable law. In October 2017, the Managing General Partner entered into a consent decree to resolve the lawsuit. Pursuant to the consent decree, the Managing General Partner agreed to implement a variety of operational enhancements and mitigation and similar projects, including vapor control system modifications and verification, increased inspection and monitoring and installation of tank pressure monitors. The three primary elements of the consent decree are: (i) fine/supplemental environmental projects; (ii) injunctive relief; and (iii) mitigation. The Managing General Partner will pay the total amount of the fine and costs associated with the supplemental environmental projects. This Partnership will share proportionally in the injunctive relief and the mitigation costs required by the consent decree. The consent decree includes 33 of this Partnership's wells, of which seven may incur such costs. The profitability of additional older, lower production wells, such as those owned by this Partnership, would likely be affected in a negative manner by the required costs associated with the injunctive relief and mitigation, which could result in the decision to plug and abandon some or all of those wells, rather than make investments in the wells necessary to comply with the consent decree.

Transactions with Managing Ge21

Transactions with Managing General Partner Related Party Transactions (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transaction
Due to Managing General Partner-other,net	$ 1,397,142		$ 942,592
Managing General Partner [Member]
Related Party Transaction
Well operations and maintenance	$ 13,000	$ 96,000