Mewbourne Energy Partners 08-a 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015
Document And Entity Information
Entity Central Index Key	1436942
Entity Registrant Name	MEWBOURNE ENERGY PARTNERS 08-A LP
Document Type	10-Q
Document Period End Date	31-Mar-15
Current Fiscal Year End Date	-19
Amendment Flag	FALSE
Entity Filer Category	Smaller Reporting Company
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_BALANCE_SHEETS_Unaud

CONDENSED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash	$1,436	$8,143
Accounts receivable, affiliate	608,568	809,534
Prepaid state taxes	4,212	3,159
Total current assets	614,216	820,836
Oil and gas properties at cost, full-cost method	69,801,430	69,798,545
Less accumulated depreciation, depletion, amortization and impairment	-48,024,807	-44,153,017
Net oil and gas properties at cost, full-cost method	21,776,623	25,645,528
Total assets	22,390,839	26,466,364
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable, affiliate	285,832	208,001
Total current liabilities	285,832	208,001
Asset retirement obligation	1,459,036	1,455,487
Partners' capital	20,645,971	24,802,876
Total liabilities and partners' capital	$22,390,839	$26,466,364

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Oil sales	$388,642	$831,728
Gas sales	513,976	1,285,290
Total revenues	902,618	2,117,018
Expenses:
Lease operating expense	409,773	338,760
Production taxes	58,504	124,651
Administrative and general expense	56,353	70,332
Depreciation, depletion, and amortization	427,649	487,807
Cost ceiling write-down	3,441,865
Asset retirement obligation accretion	16,447	15,741
Total expenses	4,410,591	1,037,291
Net income (loss)	($3,507,973)	$1,079,727

CONDENSED_STATEMENT_OF_CHANGES

CONDENSED STATEMENT OF CHANGES IN PARTNERS' CAPITAL (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015
Statement of Partners' Capital [Abstract]
Balance, beginning	$24,802,876
Cash distributions	-648,932
Net loss	-3,507,973
Balance, ending	$20,645,971

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income (loss)	($3,507,973)	$1,079,727
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion, and amortization	427,649	487,807
Cost ceiling write-down	3,441,865
Asset retirement obligation accretion	16,447	15,741
Plugging and abandonment cost paid from asset retirement obligation	-128
Changes in operating assets and liabilities:
Accounts receivable, affiliate	200,966	-157,898
Prepaid state taxes	-1,053	-1,053
Accounts payable, affiliate	71,227	34,433
Net cash provided by operating activities	649,000	1,458,757
Cash flows from investing activities:
Purchase and development of oil and gas properties	-6,775	-5,378
Net cash used in investing activities	-6,775	-5,378
Cash flows from financing activities:
Cash distributions to partners	-648,932	-1,425,672
Net cash used in financing activities	-648,932	-1,425,672
Net increase (decrease) in cash	-6,707	27,707
Cash, beginning of period	8,143	4,160
Cash, end of period	1,436	31,867
Supplemental Cash Flow Information:
Change to net oil & gas properties related to asset retirement obligation liabilities	-12,770	-1,717
Change to property, plant and equipment related to accrual of leaseholds	$6,604

Description_of_Business

Description of Business	3 Months Ended
	Mar. 31, 2015
Description Of Business
Description of Business	1. Description of Business
	Mewbourne Energy Partners 08-A, L.P., (the “Registrant” or the “Partnership”), a Delaware limited partnership engaged primarily in oil and gas development and production in Texas, Oklahoma, and New Mexico, was organized on March 7, 2008. The offering of limited and general partner interests began May 1, 2008 as a part of a private placement pursuant to Section 4(2) of the Securities Act of 1933 and Regulation D promulgated thereunder, and concluded August 4, 2008, with total investor contributions of $73,000,000 originally being sold to accredited investors of which $68,105,000 were sold to accredited investors as general partner interests and $4,895,000 were sold to accredited investors as limited partner interests. During 2010, all general partner equity interests were converted to limited partner equity interests. In accordance with the laws of the State of Delaware, Mewbourne Development Corporation (“MD”), a Delaware Corporation, has been appointed as the Partnership’s managing general partner. MD has no significant equity interest in the Partnership.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies
	Reference is hereby made to the Registrant’s Annual Report on Form 10-K for 2014, which contains a summary of significant accounting policies followed by the Partnership in the preparation of its financial statements. These policies are also followed in preparing the quarterly report included herein.
	In the opinion of management, the accompanying unaudited financial statements contain all adjustments of a normal recurring nature necessary to present fairly our financial position, results of operations, cash flows and partners’ capital for the periods presented. The results of operations for the interim periods are not necessarily indicative of the final results expected for the full year.

Accounting_for_Oil_and_Gas_Pro

Accounting for Oil and Gas Producing Activities	3 Months Ended
	Mar. 31, 2015
Accounting For Oil And Gas Producing Activities
Accounting for Oil and Gas Producing Activities	3. Accounting for Oil and Gas Producing Activities
	The Partnership follows the full-cost method of accounting for its oil and gas activities. Under the full-cost method, all productive and non-productive costs incurred in the acquisition, exploration and development of oil and gas properties are capitalized. Depreciation, depletion and amortization of oil and gas properties subject to amortization is computed on the units-of-production method based on the proved reserves underlying the oil and gas properties. At March 31, 2015 and 2014, all capitalized costs were subject to amortization. Proceeds from the sale or other disposition of properties are credited to the full cost pool. Gains and losses on the sale or other disposition of properties are not recognized unless such adjustments would significantly alter the relationship between capitalized costs and the proved oil and gas reserves. Capitalized costs are subject to a quarterly ceiling test that limits such costs to the aggregate of the present value of future net cash flows of proved reserves and the lower of cost or fair value of unproved properties. There was a cost ceiling write-down of $3,441,865 for the three months ended March 31, 2015 due to lower average oil and gas prices for the twelve months preceding the write-down. There were no cost ceiling write-downs during the three months ended March 31, 2014.

Asset_Retirement_Obligations

Asset Retirement Obligations	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	4. Asset Retirement Obligations
	The Partnership has recognized an estimated asset retirement obligation liability (ARO) for future plugging and abandonment costs. A liability for the estimated fair value of the future plugging and abandonment costs is recorded with a corresponding increase in the full cost pool at the time a new well is drilled. Depreciation expense associated with estimated plugging and abandonment costs is recognized in accordance with the full cost methodology.
	The Partnership estimates a liability for plugging and abandonment costs based on historical experience and estimated well life. The liability is discounted using the credit-adjusted risk-free rate. Revisions to the liability could occur due to changes in well plugging and abandonment costs or well useful lives, or if federal or state regulators enact new well restoration requirements. The Partnership recognizes accretion expense in connection with the discounted liability over the remaining life of the well.
	A reconciliation of the Partnership’s liability for well plugging and abandonment costs for the three months ended March 31, 2015 and the year ended December 31, 2014 is as follows:
		2015			2014
	Balance, beginning of period	$	1,455,487		$	1,391,276
	Liabilities incurred		1,576			7,136
	Liabilities reduced due to settlements and plugging and abandonments		(14,474	)		(5,839	)
	Accretion expense		16,447			62,914
	Balance, end of period	$	1,459,036		$	1,455,487

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions
	In accordance with the laws of the State of Delaware, Mewbourne Development Corporation (“MD”), a Delaware Corporation, has been appointed as the Partnership’s managing general partner. MD has no significant equity interest in the Partnership. Mewbourne Oil Company (“MOC”) is operator of oil and gas properties owned by the Partnership. Mewbourne Holdings, Inc. is the parent of both MD and MOC. Substantially all transactions are with MD and MOC.
	In the ordinary course of business, MOC will incur certain costs that will be passed on to owners of the well for which the costs were incurred. The Partnership will receive their portion of these costs based upon their ownership in each well incurring the costs. These costs are referred to as operator charges and are standard and customary in the oil and gas industry. Operator charges include recovery of gas marketing costs, fixed rate overhead, supervision, pumping, and equipment furnished by the operator, some of which will be included in the full cost pool pursuant to Rule 4-10(c)(2) of Regulation S-X. Services and operator charges are billed in accordance with the program and partnership agreements.
	In accordance with the Partnership agreement, during any particular calendar year the total amount of administrative expenses allocated to the Partnership by MOC shall not exceed the greater of (a) 3.5% of the Partnership’s gross revenue from the sale of oil and natural gas production during each year (calculated without any deduction for operating costs or other costs and expenses) or (b) the sum of $50,000 plus .25% of the capital contributions of limited and general partners.
	The Partnership participates in oil and gas activities through the Program. The Partnership and MD are the parties to the Program, and the costs and revenues are allocated between them as follows:
			Partnership	MD (1)
	Revenues:
		Proceeds from disposition of depreciable and depletable properties	70%	30%
		All other revenues	70%	30%
	Costs and expenses:
		Organization and offering costs (1)	0%	100%
		Lease acquisition costs (1)	0%	100%
		Tangible and intangible drilling costs (1)	100%	0%
		Operating costs, reporting and legal expenses, general and
		administrative expenses and all other costs	70%	30%
	-1	As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which should approximate 20% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 20% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program’s total capital costs reaches approximately 20%. The Partnership’s financial statements reflect its respective proportionate interest in the Program.

Asset_Retirement_Obligations_T

Asset Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation [Abstract]
A reconciliation of the Partnership's liability for well plugging and abandonment costs	A reconciliation of the Partnership’s liability for well plugging and abandonment costs for the three months ended March 31, 2015 and the year ended December 31, 2014 is as follows:
		2015			2014
	Balance, beginning of period	$	1,455,487		$	1,391,276
	Liabilities incurred		1,576			7,136
	Liabilities reduced due to settlements and plugging and abandonments		(14,474	)		(5,839	)
	Accretion expense		16,447			62,914
	Balance, end of period	$	1,459,036		$	1,455,487

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Costs and revenues allocated between Partnership and MD	The Partnership participates in oil and gas activities through the Program. The Partnership and MD are the parties to the Program, and the costs and revenues are allocated between them as follows:
			Partnership	MD (1)
	Revenues:
		Proceeds from disposition of depreciable and depletable properties	70%	30%
		All other revenues	70%	30%
	Costs and expenses:
		Organization and offering costs (1)	0%	100%
		Lease acquisition costs (1)	0%	100%
		Tangible and intangible drilling costs (1)	100%	0%
		Operating costs, reporting and legal expenses, general and
		administrative expenses and all other costs	70%	30%
	-1	As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which should approximate 20% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 20% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program’s total capital costs reaches approximately 20%. The Partnership’s financial statements reflect its respective proportionate interest in the Program.

Description_of_Business_Detail

Description of Business (Details Narrative) (USD $)	3 Months Ended
	Aug. 04, 2008
Description Of Business Details Narrative
Investor contributions, total	$73,000,000
General Partners investor contributions	68,105,000
Limited Partners investor contributions	$4,895,000

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Partnership's liability for well plugging and abandonment costs
Balance, beginning of period	$1,455,487	$1,391,276
Liabilities incurred	1,576	7,136
Liabilities reduced due to settlements and plugging and abandonments	-14,474	-5,839
Accretion expense	16,447	62,914
Balance, end of period	$1,459,036	$1,455,487

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Description of management control	Mewbourne Development Corporation (“MD”), a Delaware Corporation, has been appointed as the Registrant’s managing general partner. MD has no significant equity interest in the Registrant. Mewbourne Oil Company (MOC) is operator of oil and gas properties owned by the Partnership. Mewbourne Holdings, Inc. is the parent of both MD and MOC. Substantially all transactions are with MD and MOC.
Description of allocated administrative expenses	In accordance with the Partnership agreement, during any particular calendar year, the total amount of administrative expenses allocated to the Partnership by MOC shall not exceed the greater of (a) 3.5% of the Partnership’s gross revenue from the sale of oil and natural gas production during each year (calculated without any deduction for operating costs or other costs and expenses) or (b) the sum of $50,000 plus .25% of the capital contributions of limited and general partners.
Percentage of Partnership's gross revenue from sale of oil and gas	3.50%
Amount of administrative fees allocated	$50,000
Percentage of capital contributions of limited and general partners	0.25%

Related_Party_Transactions_Det1

Related Party Transactions (Details)	3 Months Ended
	Mar. 31, 2015
Revenues:
Proceeds from disposition of depreciable and depletable properties	70.00%
All other revenues	70.00%
Costs and expenses:
Organization and offering costs	0.00%	[1]
Lease acquisition costs	0.00%	[1]
Tangible and intangible drilling costs	100.00%	[1]
Operating costs, reporting and legal expenses, general and administrative expenses and all other costs	70.00%
Mewbourne Development Corporation [Member]
Revenues:
Proceeds from disposition of depreciable and depletable properties	30.00%
All other revenues	30.00%
Costs and expenses:
Organization and offering costs	100.00%	[1]
Lease acquisition costs	100.00%	[1]
Tangible and intangible drilling costs	0.00%	[1]
Operating costs, reporting and legal expenses, general and administrative expenses and all other costs	30.00%
Total capital costs, (percent)	20.00%
[1]	As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which should approximate 20% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 20% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program's total capital costs reaches approximately 20%. The Partnership's financial statements reflect its respective proportionate interest in the Program.