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): September 12, 2007
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-A
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-B
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-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 September 12, 2007, the Geodyne Energy Income Limited Partnership
III-A, Geodyne Energy Income Limited Partnership III-B, 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. Samson Resources Company, an affiliate of the General Partner,
purchased properties from the III-A, III-B, III-E, and III-F Partnerships
through the competitive bidding process at the auction for total net proceeds of
approximately $18,000, $7,000, $31,000, and $25,000, 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
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III-A 37 New Mexico 8 1,077 262,233 $ 481,865 $ 401,000
III-B 37 New Mexico 8 451 110,087 202,306 168,000
III-E 124 Wyoming 5 9,940 1,048,068 1,794,782 3,400,000
III-F 21 Colorado 4 105,176 580,150 2,993,393 4,283,000
and Wyoming
The transactions are subject to standard auction closing conditions.
The proceeds from the sales, less 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
termination on December 31, 2007. 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.
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 October 3, 2007.
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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-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: September 18, 2007
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