Supplementary Oil and Gas Information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Supplementary Oil And Gas Information Tables

Costs Incurred in Oil and Gas Property Acquisition

	2015		2014
Acquisition costs:
Unproved properties	$	—	$	34,500
Proved properties		1,404,493		—
Exploration costs		—		—
Development costs		115,992		594,359
Revisions to asset retirement obligation		—		—
Total costs incurred	$	1,520,485	$	628,859
Depletion per BOE of production	$	27.78	$	22.24

Changes in Proved Reserves

	Oil (Bbl)			Gas (Mcf)			Equivalent (BOE)
Balance, January 1, 2014		246,994			676,788			359,792
Sale of oil and gas reserves in place		—			—			—
Revisions in previous estimates		13,060			8,347			14,452
Production		(22,825	)		(70,195	)		(34,524	)
Balance, December 31, 2014		237,229			614,940			339,720
Sale of oil and gas reserves in place		—			—			—
Acquisition of reserves in place		71,870			—			71,870
Revisions in previous estimates		(14,924	)		(194,070	)		(47,269	)
Production		(18,955	)		(62,630	)		(29,393	)
Balance, December 31, 2015		275,220			358,240			334,928
Proved reserves, December 31, 2014:
Proved developed		230,530			614,940			333,020
Proved undeveloped		6,699			—			6,699
Proved reserves, December 31, 2015:
Proved developed		275,220			358,240			334,928
Proved undeveloped		—			—			—

Standardized Measure of Discounted Future Net Cash Flows Related to Proved Oil and Gas Reserves

	2015			2014
Future cash inflows	$	13,002,030		$	23,132,987
Future production costs		(7,976,560	)		(9,732,541	)
Future development costs		—			(781,442	)
Future income taxes		—			(1,905,627	)
Future net cash flows		5,025,470			10,713,377
10% annual discount		(2,472,800	)		(4,724,250	)
Standardized measure of discounted future net cash flows	$	2,552,670		$	5,989,127

Changes in Standardized Measure of Discounted Future Net Cash Flows

	2015			2014
Standardized measure of discounted future net cash flows, beginning of year	$	5,989,127		$	6,154,647
Sales of oil and gas, net of production costs and taxes		23,891			(1,190,850	)
Purchases of reserves in place		589,190			—
Sales of reserves in place		—			—
Changes in development costs		(699,000	)		98,054
Revisions of previous estimates		(440,871	)		213,112
Changes in prices and production costs		(4,661,912	)		(341,335	)
Net changes in income taxes		1,153,332			440,034
Accretion of discount		598,913			615,465
Standardized measure of discounted future net cash flows, end of year	$	2,552,670		$	5,989,127