UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Act of 1934
Date of Report (Date of earliest event reported): July 11, 2007
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-A
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-B
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-C
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-F
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(Exact name of Registrant as specified in its Charter)
III-A: 0-18302 III-A: 73-1352993
III-B: 0-18636 III-B: 73-1358666
III-C: 0-18634 III-C: 73-1356542
III-D: 0-18936 III-D: 73-1357374
III-E: 0-19010 III-E: 73-1367188
Oklahoma III-F: 0-19102 III-F: 73-1377737
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
Two West Second Street, Tulsa, Oklahoma 74103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (918) 583-1791
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On July 11, 2007, the Geodyne Energy Income Limited Partnership III-A,
Geodyne Energy Income Limited Partnership III-B, Geodyne Energy Income Limited
Partnership III-C, Geodyne Energy Income Limited Partnership III-D, Geodyne
Energy Income Limited Partnership III-E, and Geodyne Energy Income Limited
Partnership III-F (the "Partnerships") sold their interests in a number of
producing properties to independent third parties at The Oil and Gas Asset
Clearinghouse auction in Houston, Texas. In addition, Samson Resources Company,
an affiliate of the General Partner purchased properties from the III-E and
III-F Partnerships through the competitive bidding process at the same auction
for total net proceeds of approximately $83,000 and $68,000, respectively. Total
net proceeds, including sales to affiliated entities, for the auction are as
described below:
Reserves
Number Sold as Reserve
of Location Number of 12/31/06 Value
Wells of of Oil Gas Sold Net
P/ship Sold Properties Purchasers (Bbls) (Mcf) 12/31/06 Proceeds
- ------ ------ ---------- ---------- ------- --------- ---------- ----------
III-A 92 Arkansas 3 9,209 864,940 $2,134,694 $2,763,000
and Texas
III-B 88 Arkansas 2 4,501 402,494 994,883 1,300,000
and Texas
III-C 87 Texas 1 371 162,681 375,870 475,000
III-D 9 Alabama 1 9,260 8 97,329 291,000
III-E 40 Alabama, 10 73,365 1,107,533 3,254,185 6,167,000
Louisiana,
Mississippi
and Texas
III-F 24 Louisiana 6 2,661 228,847 650,855 878,000
and Texas
The transactions are subject to standard auction closing conditions.
The proceeds from the sales, less any additional transaction costs, will
be included in the November 15, 2007 cash distributions paid by the
Partnerships.
This sale was in conjunction with the Partnerships' scheduled terminations
on November 22, 2007 for the III-A Partnership and on December 31, 2007 for
the other Partnerships. All of the Partnerships' properties will be sold as part
of the liquidation process. It is anticipated that auction sales will continue
through at least early 2008.
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ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
The pro forma financial information that would be required pursuant to
Article 11 of Regulation S-X will be filed by amendment to this Form 8-K on or
before August 1, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-A
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-B
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-C
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-F
By: GEODYNE RESOURCES, INC.
General Partner
//s// Dennis R. Neill
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Dennis R. Neill
President
DATE: July 17, 2007
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