Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 91-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 $ 165,231 Accounts receivable -- oil and gas sales.................. 168,967 97,159 ----------- ----------- Total current assets.............................. 333,361 262,390 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 Accumulated depletion....................................... (8,267,369) (8,171,041) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 ----------- ----------- $ 1,805,812 $ 1,820,336 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 $ 18,255 Partners' capital: Managing general partner.................................. 14,669 14,988 Limited partners (11,249 interests)....................... 1,755,562 1,787,093 ----------- ----------- 1,770,231 1,802,081 ----------- ----------- $ 1,805,812 $ 1,820,336 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 91-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 $217,358 $432,995 $472,291 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 General and administrative....................... 20,376 6,826 26,994 15,831 Depletion........................................ 30,011 51,338 96,328 104,926 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 -------- -------- -------- -------- Net income......................................... $101,652 $ 45,863 $ 93,042 $120,626 ======== ======== ======== ======== Allocation of net income: Managing general partner......................... $ 1,016 $ 458 $ 930 $ 1,206 ======== ======== ======== ======== Limited partners................................. $100,636 $ 45,405 $ 92,112 $119,420 ======== ======== ======== ======== Net income per limited partnership interest........ $ 8.95 $ 4.04 $ 8.19 $ 10.62 ======== ======== ======== ======== Net distribution per limited partnership interest......................................... $ 7.04 $ 9.83 $ 10.99 $ 24.77 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 91-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... $14,988 $1,787,093 $1,802,081 Distributions.......................................... (1,249) (123,643) (124,892) Net income............................................. 930 92,112 93,042 ------- ---------- ---------- Balance at June 30, 1999................................. $14,669 $1,755,562 $1,770,231 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 91-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9190-BC CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 78,398 $ 165,231 66,221 Accounts receivable -- oil and gas sales.................. 168,967 97,159 61,696 41,400 ----------- ----------- Total current assets.............................. 333,361 262,390 140,094 107,621 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 5,773,448 5,765,217 Accumulated depletion....................................... (8,267,3694,918,294) (8,171,0414,861,804) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 855,154 903,413 ----------- ----------- $ 1,805,812 995,248 $ 1,820,336 1,011,034 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 22,933 $ 18,255 13,398 Partners' capital: Managing general partner.................................. 14,669 14,988 9,693 9,946 Limited partners (11,249 7,531 interests)....................... 1,755,562 1,787,093 ........................ 962,622 987,690 ----------- ----------- 1,770,231 1,802,081 972,315 997,636 ----------- ----------- $ 1,805,812 995,248 $ 1,820,336 1,011,034 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9190-BC CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 107,431 $217,358 108,532 $432,995 198,577 $472,291 228,491 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 784 1,150 1,482 2,434 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 108,215 109,682 200,059 230,925 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 85,308 88,012 154,559 168,981 General and administrative....................... 20,376 6,826 26,994 15,831 3,635 3,608 7,085 7,593 Depletion........................................ 30,011 51,338 96,328 104,926 16,722 26,902 56,490 54,799 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 105,665 118,522 218,134 231,373 -------- -------- -------- -------- Net income......................................... income (loss).................................. $ 2,550 $ (8,840) $101,652 (18,075) $ 45,863 $ 93,042 $120,626 (448) ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... $ 1,016 25 $ 458 (88) $ 930 (181) $ 1,206 (4) ======== ======== ======== ======== Limited partners................................. $ 2,525 $ (8,752) $100,636 (17,894) $ 45,405 $ 92,112 $119,420 (444) ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ......................................... $ 8.95 .33 $ 4.04 (1.16) $ 8.19 (2.38) $ 10.62 (.06) ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ..... $ 7.04 -- $ 9.83 3.59 $ 10.99 .95 $ 24.77 11.27 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9190-BC CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- -------- -------- Balance at January 1, 1999............................... .................................. $14,988 9,946 $1,787,093 987,690 $1,802,081 997,636 Distributions.......................................... ............................................. (1,24972) (123,6437,174) (124,8927,246) Net income............................................. 930 92,112 93,042 ------- ---------- ---------- loss.................................................. (181) (17,894) (18,075) ------ -------- -------- Balance at June 30, 1999................................. .................................... $14,669 9,693 $1,755,562 962,622 $1,770,231 =972,315 ====== ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9190-BC CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)) SIX MONTHS ENDED JUNE 30, ------------------- 1999 1998 -------- -------- Cash flows from operating activities: Net loss.................................................. $(18,075) $ (448) Adjustments to reconcile net loss to net cash provided by operating activities: Depletion.............................................. 56,490 54,799 Changes in assets and liabilities: Accounts receivable.................................... (20,296) 24,039 Accounts payable....................................... 9,535 2,322 -------- -------- Net cash provided by operating activities......... 27,654 80,712 -------- -------- Cash flows from investing activities: Additions to oil and gas properties....................... (8,231) (6,919) Cash flows used in financing activities: Cash distributions to partners............................ (7,246) (85,723) -------- -------- Net increase (decrease) in cash............................. 12,177 (11,930) Cash at beginning of period................................. 66,221 87,423 -------- -------- Cash at end of period....................................... $ 78,398 $ 75,493 ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 6 129 PARKER & PARSLEY 90-C CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED) NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Parker & Parsley 90-C Conv., L.P. (the "Partnership") was organized as a general partnership in 1990 under the laws of the State of Texas and was converted to a Delaware limited partnership on August 1, 1991. The Partnership engages primarily in oil and gas development and production in Texas and is not involved in any industry segment other than oil and gas.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9188-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 132,191 $ 165,231 110,641 Accounts receivable -- oil and gas sales.................. 168,967 97,159 105,172 71,128 ----------- ----------- Total current assets.............................. 333,361 262,390 237,363 181,769 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 .............................. 7,123,321 7,131,466 Accumulated depletion....................................... ..................................... (8,267,3696,045,396) (8,171,0415,978,933) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 1,077,925 1,152,533 ----------- ----------- $ 1,805,812 1,315,288 $ 1,820,336 1,334,302 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilitiesLiabilities: Accounts payable -- affiliate............................. $ 35,581 25,004 $ 18,255 17,477 Partners' capital: Managing general partner.................................. 14,669 14,988 12,871 13,137 Limited partners (11,249 8,954 interests)....................... 1,755,562 1,787,093 ........................ 1,277,413 1,303,688 ----------- ----------- 1,770,231 1,802,081 1,290,284 1,316,825 ----------- ----------- $ 1,805,812 1,315,288 $ 1,820,336 1,334,302 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9188-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 $217,358 $432,995 $472,291 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 General and administrative....................... 20,376 6,826 26,994 15,831 Depletion........................................ 30,011 51,338 96,328 104,926 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 -------- -------- -------- -------- Net income......................................... $101,652 $ 45,863 $ 93,042 $120,626 ======== ======== ======== ======== Allocation of net income: Managing general partner......................... $ 1,016 $ 458 $ 930 $ 1,206 ======== ======== ======== ======== Limited partners................................. $100,636 $ 45,405 $ 92,112 $119,420 ======== ======== ======== ======== Net income per limited partnership interest........ $ 8.95 $ 4.04 $ 8.19 $ 10.62 ======== ======== ======== ======== Net distribution per limited partnership interest......................................... $ 7.04 $ 9.83 $ 10.99 $ 24.77 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 91-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... $14,988 $1,787,093 $1,802,081 Distributions.......................................... (1,249) (123,643) (124,892) Net income............................................. 930 92,112 93,042 ------- ---------- ---------- Balance at June 30, 1999................................. $14,669 $1,755,562 $1,770,231 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 91-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9182-BI, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 45,923 $ 165,231 44,427 Accounts receivable -- oil and gas sales.................. 168,967 97,159 53,781 36,699 ----------- ----------- Total current assets.............................. 333,361 262,390 99,704 81,126 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 9,884,775 9,885,470 Accumulated depletion....................................... (8,267,3699,573,517) (8,171,0419,492,068) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 311,258 393,402 ----------- ----------- $ 1,805,812 410,962 $ 1,820,336 474,528 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 17,968 $ 18,255 12,288 Partners' capital: Managing general partner.................................. 14,669 14,988 General partners.......................................... 145,939 150,932 Limited partners (11,249 4,891 interests)....................... 1,755,562 1,787,093 ........................ 247,055 311,308 ----------- ----------- 1,770,231 1,802,081 392,994 462,240 ----------- ----------- $ 1,805,812 410,962 $ 1,820,336 474,528 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9182-BI, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 101,099 $ 86,663 $217,358 186,502 $432,995 $472,291 205,570 Interest......................................... 2,096 2,796 3,859 5,661 529 1,202 1,037 2,519 Gain on disposition of assets assets.................... -- 199 -- 197 199 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 101,628 88,064 187,539 208,288 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 75,833 100,496 150,511 175,267 General and administrative....................... 20,376 6,826 26,994 15,831 3,538 2,240 6,851 6,722 Depletion........................................ 30,011 51,338 96,328 104,926 7,995 29,095 81,449 55,636 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 87,366 131,831 238,811 237,625 -------- -------- -------- -------- Net income......................................... income (loss).................................. $ 14,262 $101,652 $ 45,863 $ 93,042 (43,767) $120,626 (51,272) $(29,337) ======== ======== ======== ======== Allocation of net income: Managing general partner......................... income (loss): General partners................................. $ 1,016 4,765 $ 458 (6,611) $ 930 (601) $ 1,206 981 ======== ======== ======== ======== Limited partners................................. $ 9,497 $100,636 $ 45,405 $ 92,112 (37,156) $119,420 (50,671) $(30,318) ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ...................................... $ 8.95 1.94 $ 4.04 (7.60) $ 8.19 (10.36) $ 10.62 (6.20) ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ... $ 7.04 1.28 $ 9.83 3.38 $ 10.99 2.78 $ 24.77 13.20 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9182-BI, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS PARTNERS TOTAL -------- ---------- ---------- -------- -------- Balance at January 1, 1999............................... ................................. $14,988 150,932 $1,787,093 311,308 $1,802,081 462,240 Distributions.......................................... ............................................ (1,2494,392) (123,64313,582) (124,89217,974) Net income............................................. 930 92,112 93,042 ------- ---------- ---------- loss................................................. (601) (50,671) (51,272) -------- -------- -------- Balance at June 30, 1999................................. ................................... $14,669 145,939 $1,755,562 247,055 $1,770,231 392,994 ======== ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9182-BI, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9189-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 133,578 $ 165,231 117,381 Accounts receivable -- oil and gas sales.................. 168,967 97,159 96,213 65,380 ----------- ----------- Total current assets.............................. 333,361 262,390 229,791 182,761 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 .............................. 6,546,663 6,540,053 Accumulated depletion....................................... ..................................... (8,267,3695,406,303) (8,171,0415,330,375) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 1,140,360 1,209,678 ----------- ----------- $ 1,805,812 1,370,151 $ 1,820,336 1,392,439 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilitiesLiabilities: Accounts payable -- affiliate............................. $ 35,581 27,656 $ 18,255 4,246 Partners' capital: Managing general partner.................................. 14,669 14,988 13,618 14,075 Limited partners (11,249 8,317 interests)....................... 1,755,562 1,787,093 ........................ 1,328,877 1,374,118 ----------- ----------- 1,770,231 1,802,081 1,342,495 1,388,193 ----------- ----------- $ 1,805,812 1,370,151 $ 1,820,336 1,392,439 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9189-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 144,764 $217,358 156,809 $432,995 265,684 $472,291 321,759 Interest......................................... 2,096 2,796 3,859 5,661 1,463 1,909 2,688 4,175 Gain on disposition of assets assets.................... 1,166 -- -- 197 4,410 1,926 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 147,393 158,718 272,782 327,860 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 88,188 84,248 187,238 180,873 General and administrative....................... 20,376 6,826 26,994 15,831 4,882 5,191 9,680 10,825 Depletion........................................ 30,011 51,338 96,328 104,926 20,943 45,311 75,928 87,380 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 114,013 134,750 272,846 279,078 -------- -------- -------- -------- Net income......................................... $101,652 income (loss).................................. $ 45,863 33,380 $ 93,042 $120,626 23,968 $ (64) $ 48,782 ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... $ 1,016 333 $ 458 240 $ 930 (1) $ 1,206 488 ======== ======== ======== ======== Limited partners................................. $100,636 $ 45,405 33,047 $ 92,112 $119,420 23,728 $ (63) $ 48,294 ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ......................................... $ 8.95 3.97 $ 4.04 2.86 $ 8.19 (.01) $ 10.62 5.81 ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ..... $ 7.04 2.77 $ 9.83 6.62 $ 10.99 5.43 $ 24.77 20.56 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9189-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 14,075 $1,787,093 1,374,118 $1,802,081 1,388,193 Distributions.......................................... ............................................ (1,249456) (123,64345,178) (124,89245,634) Net income............................................. 930 92,112 93,042 loss................................................. (1) (63) (64) ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 13,618 $1,755,562 1,328,877 $1,770,231 1,342,495 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9189-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9187-BA, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 298,865 $ 165,231 282,299 Accounts receivable -- oil and gas sales.................. 168,967 97,159 ----------- ----------- 245,370 162,293 ------------ ------------ Total current assets.............................. 333,361 262,390 ----------- ----------- 544,235 444,592 ------------ ------------ Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 20,155,692 20,141,411 Accumulated depletion....................................... (8,267,36917,288,051) (8,171,04117,119,544) ----------- ----------- ------------ ------------ Net oil and gas properties........................ 1,472,451 1,557,946 ----------- ----------- 2,867,641 3,021,867 ------------ ------------ $ 1,805,812 3,411,876 $ 1,820,336 3,466,459 ============ ============ LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 63,405 $ 18,255 34,972 Partners' capital: Managing general partner.................................. 14,669 14,988 33,454 34,289 Limited partners (11,249 28,811 interests)....................... 1,755,562 1,787,093 ----------- ----------- 1,770,231 1,802,081 ----------- ----------- 3,315,017 3,397,198 ------------ ------------ 3,348,471 3,431,487 ------------ ------------ $ 1,805,812 3,411,876 $ 1,820,336 3,466,459 ============ ============ The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9187-BA, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 367,387 $217,358 366,885 $432,995 671,386 $472,291 789,531 Interest......................................... 2,096 2,796 3,859 5,661 3,341 5,034 6,290 10,568 Gain on disposition of assets assets.................... -- -- 197 -- 765 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 370,728 371,919 677,676 800,864 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 233,876 313,372 455,004 596,233 General and administrative....................... 20,376 6,826 26,994 15,831 11,018 10,996 20,141 23,676 Depletion........................................ 30,011 51,338 96,328 104,926 53,650 106,567 168,507 205,708 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 298,544 430,935 643,652 825,617 -------- -------- -------- -------- Net income......................................... income (loss).................................. $ 72,184 $101,652 (59,016) $ 45,863 $ 93,042 34,024 $120,626 (24,753) ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... $ 1,016 722 $ 458 (590) $ 930 340 $ 1,206 (248) ======== ======== ======== ======== Limited partners................................. $ 71,462 $100,636 (58,426) $ 45,405 $ 92,112 33,684 $119,420 (24,505) ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ......................................... $ 8.95 2.48 $ 4.04 (2.03) $ 8.19 1.17 $ 10.62 (.85) ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ..... $ 7.04 2.19 $ 9.83 4.19 $ 10.99 4.02 $ 24.77 13.05 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9187-BA, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 34,289 $1,787,093 3,397,198 $1,802,081 3,431,487 Distributions.......................................... ............................................ (1,2491,175) (123,643115,865) (124,892117,040) Net income............................................. 930 92,112 93,042 ............................................... 340 33,684 34,024 ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 33,454 $1,755,562 3,315,017 $1,770,231 3,348,471 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9187-BA, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED) SIX MONTHS ENDED JUNE 30, -------------------- 1999 1998 --------- -------- Cash flows from operating activities: Net income (loss)......................................... $ 34,024 $(24,753) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depletion.............................................. 168,507 205,708 Gain on disposition of assets.......................... -- (765) Changes in assets and liabilities: Accounts receivable.................................... (83,077) 98,608 Accounts payable....................................... 28,433 11,307 --------- -------- Net cash provided by operating activities......... 147,887 290,105 --------- -------- Cash flows from investing activities: Additions to oil and gas properties....................... (14,488) -- Proceeds from asset dispositions.......................... 207 9,491 --------- -------- Net cash provided by (used in) investing activities...................................... (14,281) 9,491 --------- -------- Cash flows used in financing activities: Cash distributions to partners............................ (117,040) (379,756) --------- -------- Net increase (decrease) in cash............................. 16,566 (80,160) Cash at beginning of period................................. 282,299 383,854 --------- -------- Cash at end of period....................................... $ 298,865 $303,694 ========= ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 6 129 PARKER & PARSLEY 87-A, LTD. (A TEXAS LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED) NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Parker & Parsley 87-A, Ltd. (the "Partnership") is a limited partnership organized in 1987 under the laws of the State of Texas. The Partnership engages primarily in oil and gas development and production in the Spraberry Trend area of West Texas and is not involved in any industry segment other than oil and gas.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 91-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 194,248 $ 165,231 158,378 Accounts receivable -- oil and gas sales.................. 168,967 97,159 144,590 111,524 ----------- ----------- Total current assets.............................. 333,361 262,390 338,838 269,902 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 .............................. 9,683,627 9,678,161 Accumulated depletion....................................... ..................................... (8,267,3697,414,165) (8,171,0417,280,260) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 2,269,462 2,397,901 ----------- ----------- $ 1,805,812 2,608,300 $ 1,820,336 2,667,803 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 43,523 $ 18,255 14,062 Partners' capital: Managing general partner.................................. 14,669 14,988 25,691 26,581 Limited partners (11,249 11,620 interests)....................... 1,755,562 1,787,093 2,539,086 2,627,160 ----------- ----------- 1,770,231 1,802,081 2,564,777 2,653,741 ----------- ----------- $ 1,805,812 2,608,300 $ 1,820,336 2,667,803 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 91-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 252,835 $217,358 257,804 $432,995 435,655 $472,291 525,141 Interest......................................... 2,096 2,796 3,859 5,661 2,128 2,841 3,882 5,713 Gain on disposition of assets assets.................... 1,096 -- 1,096 -- 197 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 256,059 260,645 440,633 530,854 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 123,097 141,346 245,642 270,636 General and administrative....................... 20,376 6,826 26,994 15,831 21,337 8,794 28,880 17,857 Depletion........................................ 30,011 51,338 96,328 104,926 45,404 72,826 133,905 138,813 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 189,838 222,966 408,427 427,306 -------- -------- -------- -------- Net income......................................... $ 66,221 $ 37,679 $ 32,206 $101,652 $ 45,863 $ 93,042 $120,626 103,548 ======== ======== ======== ======== Allocation of net income: Managing general partner......................... $ 1,016 662 $ 458 376 $ 930 322 $ 1,206 1,035 ======== ======== ======== ======== Limited partners................................. $ 65,559 $ 37,303 $ 31,884 $100,636 $ 45,405 $ 92,112 $119,420 102,513 ======== ======== ======== ======== Net income per limited partnership interest........ $ 8.95 5.64 $ 4.04 3.21 $ 8.19 2.74 $ 10.62 8.82 ======== ======== ======== ======== Net distribution Distribution per limited partnership interest......................................... ...... $ 7.04 6.33 $ 9.83 10.82 $ 10.99 10.32 $ 24.77 25.51 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 91-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 26,581 $1,787,093 2,627,160 $1,802,081 2,653,741 Distributions.......................................... ............................................ (1,2491,212) (123,643119,958) (124,892121,170) Net income............................................. 930 92,112 93,042 ............................................... 322 31,884 32,206 ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 25,691 $1,755,562 2,539,086 $1,770,231 2,564,777 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 91-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS 6.EXHIBITS AND REPORTS ON FORM 8-K.................... ..................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9186-BC, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 138,310 $ 165,231 126,623 Accounts receivable -- oil and gas sales.................. 168,967 97,159 ----------- ----------- 142,220 112,233 ------------ ------------ Total current assets.............................. 333,361 262,390 ----------- ----------- 280,530 238,856 ------------ ------------ Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 14,568,207 14,568,090 Accumulated depletion....................................... (8,267,36912,861,662) (8,171,04112,735,835) ----------- ----------- ------------ ------------ Net oil and gas properties........................ 1,472,451 1,557,946 ----------- ----------- 1,706,545 1,832,255 ------------ ------------ $ 1,805,812 1,987,075 $ 1,820,336 2,071,111 ============ ============ LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 41,234 $ 18,255 18,095 Partners' capital: Managing general partner.................................. 14,669 14,988 18,151 19,222 Limited partners (11,249 19,317 interests)....................... 1,755,562 1,787,093 ----------- ----------- 1,770,231 1,802,081 ----------- ----------- 1,927,690 2,033,794 ------------ ------------ 1,945,841 2,053,016 ------------ ------------ $ 1,805,812 1,987,075 $ 1,820,336 2,071,111 ============ ============ The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9186-BC, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... .................................... $257,398 244,884 $217,358 262,816 $432,995 435,922 $472,291 532,019 Interest......................................... 2,096 2,796 3,859 5,661 ....................................... 1,645 2,249 3,075 5,044 Gain on disposition of assets assets.................. -- 285 -- 197 356 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 246,529 265,350 438,997 537,419 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 ......................... 162,895 195,142 344,743 383,272 General and administrative....................... 20,376 6,826 26,994 15,831 ..................... 7,347 7,885 13,078 15,961 Depletion........................................ 30,011 51,338 96,328 104,926 ...................................... 35,027 66,558 125,827 128,628 Abandoned property............................. -- 115 -- 650 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 205,269 269,700 483,648 528,511 -------- -------- -------- -------- Net income......................................... income (loss)................................ $ 41,260 $ (4,350) $101,652 (44,651) $ 45,863 $ 93,042 $120,626 8,908 ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... ....................... $ 1,016 413 $ 458 (44) $ 930 (446) $ 1,206 89 ======== ======== ======== ======== Limited partners................................. ............................... $ 40,847 $ (4,306) $100,636 (44,205) $ 45,405 $ 92,112 $119,420 8,819 ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ....................................... $ 8.95 2.11 $ 4.04 (.22) $ 8.19 (2.29) $ 10.62 .46 ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ... $ 7.04 2.38 $ 9.83 3.45 $ 10.99 3.20 $ 24.77 11.53 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9186-BC, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 19,222 $1,787,093 2,033,794 $1,802,081 2,053,016 Distributions.......................................... ............................................ (1,249625) (123,64361,899) (124,89262,524) Net income............................................. 930 92,112 93,042 loss................................................. (446) (44,205) (44,651) ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 18,151 $1,755,562 1,927,690 $1,770,231 1,945,841 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9186-BC, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS 6.EXHIBITS AND REPORTS ON FORM 8-K.................... ..................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9187-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 250,978 $ 165,231 221,422 Accounts receivable -- oil and gas sales.................. 168,967 97,159 ----------- ----------- 160,987 116,033 ------------ ------------ Total current assets.............................. 333,361 262,390 ----------- ----------- 411,965 337,455 ------------ ------------ Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 13,378,453 13,370,742 Accumulated depletion....................................... (8,267,36910,850,497) (8,171,04110,723,851) ----------- ----------- ------------ ------------ Net oil and gas properties........................ 1,472,451 1,557,946 ----------- ----------- 2,527,956 2,646,891 ------------ ------------ $ 1,805,812 2,939,921 $ 1,820,336 =========== =========== 2,984,346 LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 39,835 $ 18,255 21,253 Partners' capital: Managing general partner.................................. 14,669 14,988 28,929 29,559 Limited partners (11,249 20,089 interests)....................... 1,755,562 1,787,093 ----------- ----------- 1,770,231 1,802,081 ----------- ----------- 2,871,157 2,933,534 ------------ ------------ 2,900,086 2,963,093 ------------ ------------ $ 1,805,812 2,939,921 $ 1,820,336 2,984,346 ============ ============ The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9187-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 267,074 $217,358 235,929 $432,995 458,623 $472,291 511,361 Interest......................................... 2,096 2,796 3,859 5,661 2,625 3,673 4,899 7,433 Gain on disposition of assets assets.................... -- 235 -- 197 13,728 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 269,699 239,837 463,522 532,522 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 158,350 154,727 302,253 315,652 General and administrative....................... 20,376 6,826 26,994 15,831 8,012 7,078 13,759 15,341 Depletion........................................ 30,011 51,338 96,328 104,926 49,069 81,439 126,646 159,264 Abandoned property............................... -- 95 -- 3,943 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 215,431 243,339 442,658 494,200 -------- -------- -------- -------- Net income......................................... $101,652 income (loss).................................. $ 45,863 54,268 $ 93,042 $120,626 (3,502) $ 20,864 $ 38,322 ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... $ 1,016 543 $ 458 (35) $ 930 209 $ 1,206 383 ======== ======== ======== ======== Limited partners................................. $100,636 $ 45,405 53,725 $ 92,112 $119,420 (3,467) $ 20,655 $ 37,939 ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ......................................... $ 8.95 2.68 $ 4.04 (.17) $ 8.19 1.03 $ 10.62 1.89 ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ..... $ 7.04 2.28 $ 9.83 4.64 $ 10.99 4.13 $ 24.77 12.44 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9187-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 29,559 $1,787,093 2,933,534 $1,802,081 2,963,093 Distributions.......................................... ............................................ (1,249839) (123,64383,032) (124,89283,871) Net income............................................. 930 92,112 93,042 ............................................... 209 20,655 20,864 ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 28,929 $1,755,562 2,871,157 $1,770,231 2,900,086 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9187-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9190-BB CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 96,775 $ 165,231 76,330 Accounts receivable -- oil and gas sales.................. 168,967 97,159 125,793 83,807 ----------- ----------- Total current assets.............................. 333,361 262,390 222,568 160,137 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 9,606,297 9,600,469 Accumulated depletion....................................... (8,267,3697,794,127) (8,171,0417,703,198) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 1,812,170 1,897,271 ----------- ----------- $ 1,805,812 2,034,738 $ 1,820,336 2,057,408 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 35,235 $ 18,255 22,740 Partners' capital: Managing general partner.................................. 14,669 14,988 19,995 20,346 Limited partners (11,249 11,897 interests)....................... 1,755,562 1,787,093 1,979,508 2,014,322 ----------- ----------- 1,770,231 1,802,081 1,999,503 2,034,668 ----------- ----------- $ 1,805,812 2,034,738 $ 1,820,336 2,057,408 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9190-BB CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 196,244 $217,358 203,398 $432,995 349,651 $472,291 410,441 Interest......................................... 2,096 2,796 3,859 5,661 960 1,558 1,899 3,475 Gain on disposition of assets assets.................... -- -- 197 -- 123 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 197,204 204,956 351,550 414,039 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 115,052 134,541 236,655 274,144 General and administrative....................... 20,376 6,826 26,994 15,831 6,427 6,706 12,245 13,701 Depletion........................................ 30,011 51,338 96,328 104,926 29,386 61,424 90,929 114,204 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 150,865 202,671 339,829 402,049 -------- -------- -------- -------- Net income......................................... $101,652 $ 45,863 46,339 $ 93,042 $120,626 2,285 $ 11,721 $ 11,990 ======== ======== ======== ======== Allocation of net income: Managing general partner......................... $ 1,016 463 $ 458 23 $ 930 117 $ 1,206 120 ======== ======== ======== ======== Limited partners................................. $100,636 $ 45,405 45,876 $ 92,112 $119,420 2,262 $ 11,604 $ 11,870 ======== ======== ======== ======== Net income per limited partnership interest........ $ 8.95 3.86 $ 4.04 .19 $ 8.19 .98 $ 10.62 1.00 ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ..... $ 7.04 1.80 $ 9.83 4.76 $ 10.99 3.90 $ 24.77 14.69 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9190-BB CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 20,346 $1,787,093 2,014,322 $1,802,081 2,034,668 Distributions.......................................... ............................................ (1,249468) (123,64346,418) (124,89246,886) Net income............................................. 930 92,112 93,042 ............................................... 117 11,604 11,721 ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 19,995 $1,755,562 1,979,508 $1,770,231 1,999,503 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9190-BB CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)) SIX MONTHS ENDED JUNE 30, ------------------- 1999 1998 -------- -------- Cash flows from operating activities: Net income................................................ $ 11,721 $ 11,990 Adjustments to reconcile net income to net cash provided by operating activities: Depletion.............................................. 90,929 114,204 Gain on disposition of assets.......................... -- (123) Changes in assets and liabilities: Accounts receivable.................................... (41,986) 31,700 Accounts payable....................................... 12,495 6,802 -------- -------- Net cash provided by operating activities......... 73,159 164,573 -------- -------- Cash flows from investing activities: Additions to oil and gas properties....................... (5,828) (7,888) Proceeds from asset dispositions.......................... -- 123 -------- -------- Net cash used in investing activities............. (5,828) (7,765) -------- -------- Cash flows used in financing activities: Cash distributions to partners............................ (46,886) (176,476) -------- -------- Net increase (decrease) in cash equivalents................. 20,445 (19,668) Cash at beginning of period................................. 76,330 118,712 -------- -------- Cash at end of period....................................... $ 96,775 $ 99,044 ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 6 129 PARKER & PARSLEY 90-B CONV., L.P. (A DELAWARE LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED) NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Parker & Parsley 90-B Conv., L.P. (the "Partnership") was organized as a general partnership in 1990 under the laws of the State of Texas and was converted to a Delaware limited partnership on August 1, 1991. The Partnership engages primarily in oil and gas development and production in Texas and is not involved in any industry segment other than oil and gas.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9190-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 267,265 $ 165,231 211,469 Accounts receivable -- oil and gas sales.................. 168,967 97,159 ----------- ----------- 341,362 227,293 ------------ ------------ Total current assets.............................. 333,361 262,390 ----------- ----------- 608,627 438,762 ------------ ------------ Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 .............................. 26,051,746 26,035,940 Accumulated depletion....................................... ..................................... (8,267,36921,136,203) (8,171,04120,889,657) ----------- ----------- ------------ ------------ Net oil and gas properties........................ 1,472,451 1,557,946 ----------- ----------- 4,915,543 5,146,283 ------------ ------------ $ 1,805,812 5,524,170 $ 1,820,336 5,585,045 ============ ============ LIABILITIES AND PARTNERS' CAPITAL Current liabilitiesLiabilities: Accounts payable -- affiliate............................. $ 35,581 95,730 $ 18,255 61,975 Partners' capital: Managing general partner.................................. 14,669 14,988 54,288 55,234 Limited partners (11,249 32,264 interests)....................... 1,755,562 1,787,093 ----------- ----------- 1,770,231 1,802,081 ----------- ----------- 5,374,152 5,467,836 ------------ ------------ 5,428,440 5,523,070 ------------ ------------ $ 1,805,812 5,524,170 $ 1,820,336 5,585,045 ============ ============ The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9190-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- --------------------- 1999 1998 1999 1998 -------- -------- -------- -------- ---------- Revenues: Oil and gas...................................... .................................... $257,398 532,235 $217,358 551,596 $432,995 948,264 $472,291 1,113,100 Interest......................................... 2,096 2,796 3,859 5,661 ....................................... 2,647 4,282 5,232 9,531 Gain on disposition of assets assets.................. -- -- 197 -- 333 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 ---------- 534,882 555,878 953,496 1,122,964 -------- -------- -------- -------- ---------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 ......................... 311,851 364,847 641,619 743,438 General and administrative....................... 20,376 6,826 26,994 15,831 ..................... 17,030 18,185 32,807 36,846 Depletion........................................ 30,011 51,338 96,328 104,926 ...................................... 79,706 166,765 246,546 309,796 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 ---------- 408,587 549,797 920,972 1,090,080 -------- -------- -------- -------- ---------- Net income......................................... ....................................... $101,652 126,295 $ 45,863 6,081 $ 93,042 $120,626 32,524 $ 32,884 ======== ======== ======== ========== Allocation of net income: Managing general partner......................... ....................... $ 1,016 1,263 $ 458 61 $ 930 325 $ 1,206 329 ======== ======== ======== ========== Limited partners................................. ............................... $100,636 125,032 $ 45,405 6,020 $ 92,112 $119,420 32,199 $ 32,555 ======== ======== ======== ========== Net income per limited partnership interest........ ...... $ 8.95 3.88 $ 4.04 .19 $ 8.19 1.00 $ 10.62 1.01 ======== ======== ======== ========== Net distribution Distributions per limited partnership interest......................................... .................................... $ 7.04 1.80 $ 9.83 4.76 $ 10.99 3.90 $ 24.77 14.69 ======== ======== ======== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9190-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 55,234 $1,787,093 5,467,836 $1,802,081 5,523,070 Distributions.......................................... ............................................ (1,2491,271) (123,643125,883) (124,892127,154) Net income............................................. 930 92,112 93,042 ............................................... 325 32,199 32,524 ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 54,288 $1,755,562 5,374,152 $1,770,231 5,428,440 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9190-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)) SIX MONTHS ENDED JUNE 30, --------------------- 1999 1998 --------- --------- Cash flows from operating activities: Net income................................................ $ 32,524 $ 32,884 Adjustments to reconcile net income to net cash provided by operating activities: Depletion.............................................. 246,546 309,796 Gain on disposition of assets.......................... -- (333) Changes in assets and liabilities: Accounts receivable.................................... (114,069) 85,944 Accounts payable....................................... 33,755 18,314 --------- --------- Net cash provided by operating activities......... 198,756 446,605 --------- --------- Cash flows from investing activities: Additions to oil and gas properties....................... (15,806) (21,390) Proceeds from asset dispositions.......................... -- 333 --------- --------- Net cash used in investing activities............. (15,806) (21,057) --------- --------- Cash flows used in financing activities: Cash distributions to partners............................ (127,154) (478,621) --------- --------- Net increase (decrease) in cash............................. 55,796 (53,073) Cash at beginning of period................................. 211,469 326,401 --------- --------- Cash at end of period....................................... $ 267,265 $ 273,328 ========= ========= The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 6 129 PARKER & PARSLEY 90-B, L.P. (A DELAWARE LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED) NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Parker & Parsley 90-B, L.P. (the "Partnership") is a limited partnership organized in 1990 under the laws of the State of Delaware. The Partnership engages primarily in oil and gas development and production in Texas and is not involved in any industry segment other than oil and gas.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 91PRODUCING PROPERTIES 88-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 291,041 $ 165,231 278,229 Accounts receivable -- oil and gas sales.................. 168,967 97,159 61,784 49,455 ----------- ----------- Total current assets.............................. 333,361 262,390 352,825 327,684 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 .............................. 4,842,700 4,842,700 Accumulated depletion....................................... ..................................... (8,267,3693,335,476) (8,171,0413,285,467) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 1,507,224 1,557,233 ----------- ----------- $ 1,805,812 1,860,049 $ 1,820,336 1,884,917 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilitiesLiabilities: Accounts payable -- affiliate............................. $ 35,581 19,304 $ 18,255 6,661 Partners' capital: Managing general partner.................................. 14,669 14,988 18,329 18,638 Limited partners (11,249 11,222 interests)....................... 1,755,562 1,787,093 1,822,416 1,859,618 ----------- ----------- 1,770,231 1,802,081 1,840,745 1,878,256 ----------- ----------- $ 1,805,812 1,860,049 $ 1,820,336 1,884,917 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 91PRODUCING PROPERTIES 88-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... .................................... $257,398 111,050 $217,358 117,387 $432,995 194,872 $472,291 246,176 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 ....................................... 2,763 3,791 5,175 7,419 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 113,813 121,178 200,047 253,595 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 ......................... 62,301 61,343 122,130 130,525 General and administrative....................... 20,376 6,826 26,994 15,831 ..................... 3,331 3,521 5,846 7,385 Depletion........................................ 30,011 51,338 96,328 104,926 ...................................... 20,466 31,162 50,009 63,909 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 86,098 96,026 177,985 201,819 -------- -------- -------- -------- Net income......................................... $101,652 ....................................... $ 45,863 27,715 $ 93,042 $120,626 25,152 $ 22,062 $ 51,776 ======== ======== ======== ======== Allocation of net income: Managing general partner......................... ....................... $ 1,016 278 $ 458 251 $ 930 221 $ 1,206 517 ======== ======== ======== ======== Limited partners................................. $100,636 ............................... $ 45,405 27,437 $ 92,112 $119,420 24,901 $ 21,841 $ 51,259 ======== ======== ======== ======== Net income per limited partnership interest........ ...... $ 8.95 2.45 $ 4.04 2.22 $ 8.19 1.95 $ 10.62 4.57 ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ... $ 7.04 2.01 $ 9.83 7.73 $ 10.99 5.26 $ 24.77 16.72 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 91PRODUCING PROPERTIES 88-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 18,638 $1,787,093 1,859,618 $1,802,081 1,878,256 Distributions.......................................... ............................................ (1,249530) (123,64359,043) (124,89259,573) Net income............................................. 930 92,112 93,042 ............................................... 221 21,841 22,062 ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 18,329 $1,755,562 1,822,416 $1,770,231 1,840,745 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 91PRODUCING PROPERTIES 88-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9190-BC, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 117,575 $ 165,231 99,482 Accounts receivable -- oil and gas sales.................. 168,967 97,159 98,852 66,369 ----------- ----------- Total current assets.............................. 333,361 262,390 216,427 165,851 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 9,281,520 9,268,288 Accumulated depletion....................................... (8,267,3697,907,802) (8,171,0417,817,025) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 1,373,718 1,451,263 ----------- ----------- $ 1,805,812 1,590,145 $ 1,820,336 1,617,114 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 36,928 $ 18,255 23,084 Partners' capital: Managing general partner.................................. 14,669 14,988 15,482 15,890 Limited partners (11,249 12,107 interests)....................... 1,755,562 1,787,093 1,537,735 1,578,140 ----------- ----------- 1,770,231 1,802,081 1,553,217 1,594,030 ----------- ----------- $ 1,805,812 1,590,145 $ 1,820,336 1,617,114 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9190-BC, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- -------------------- -------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas................................... $172,712 $174,479 $319,242 $367,337 Interest...................................... $257,398 $217,358 $432,995 $472,291 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 1,178 1,756 2,241 3,744 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 173,890 176,235 321,483 371,081 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 ........................ 137,477 141,492 248,624 271,671 General and administrative....................... 20,376 6,826 26,994 15,831 .................... 5,701 5,738 11,247 12,145 Depletion........................................ 30,011 51,338 96,328 104,926 ..................................... 26,863 43,222 90,777 88,083 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 170,041 190,452 350,648 371,899 -------- -------- -------- -------- Net income......................................... income (loss)............................. $ 3,849 $101,652 (14,217) $(29,165) $ 45,863 $ 93,042 $120,626 (818) ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... ...................... $ 1,016 38 $ 458 (142) $ 930 (292) $ 1,206 (8) ======== ======== ======== ======== Limited partners................................. .............................. $ 3,811 $100,636 (14,075) $(28,873) $ 45,405 $ 92,112 $119,420 (810) ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ................................... $ 8.95 .32 $ 4.04 (1.17) $ 8.19 (2.38) $ 10.62 (.07) ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ................................... $ 7.04 -- $ 9.83 3.59 $ 10.99 .95 $ 24.77 11.27 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9190-BC, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 15,890 $1,787,093 1,578,140 $1,802,081 1,594,030 Distributions.......................................... ............................................ (1,249116) (123,64311,532) (124,89211,648) Net income............................................. 930 92,112 93,042 loss................................................. (292) (28,873) (29,165) ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 15,482 $1,755,562 1,537,735 $1,770,231 1,553,217 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9190-BC, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)) SIX MONTHS ENDED JUNE 30, -------------------- 1999 1998 -------- --------- Cash flows from operating activities: Net loss.................................................. $(29,165) $ (818) Adjustments to reconcile net loss to net cash provided by operating activities: Depletion.............................................. 90,777 88,083 Changes in assets and liabilities: Accounts receivable.................................... (32,483) 38,650 Accounts payable....................................... 13,844 3,733 -------- --------- Net cash provided by operating activities......... 42,973 129,648 -------- --------- Cash flows from investing activities: Additions to oil and gas properties....................... (13,232) (11,124) Cash flows used in financing activities: Cash distributions to partners............................ (11,648) (137,809) -------- --------- Net increase (decrease) in cash............................. 18,093 (19,285) Cash at beginning of period................................. 99,482 133,831 -------- --------- Cash at end of period....................................... $117,575 $ 114,546 ======== ========= The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 6 129 PARKER & PARSLEY 90-C, L.P. (A DELAWARE LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED) NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Parker & Parsley 90-C, L.P. (the "Partnership") is a limited partnership organized in 1990 under the laws of the State of Delaware. The Partnership engages primarily in oil and gas development and production in Texas and is not involved in any industry segment other than oil and gas.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Reporting Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9190-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 108,664 $ 165,231 92,210 Accounts receivable -- oil and gas sales.................. 168,967 97,159 67,453 50,121 ----------- ----------- Total current assets.............................. 333,361 262,390 176,117 142,331 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 5,070,780 5,076,345 Accumulated depletion....................................... (8,267,3693,898,611) (8,171,0413,832,899) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 1,172,169 1,243,446 ----------- ----------- $ 1,805,812 1,348,286 $ 1,820,336 1,385,777 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 17,726 $ 18,255 13,101 Partners' capital: Managing general partner.................................. 14,669 14,988 13,387 13,808 Limited partners (11,249 6,811 interests)....................... 1,755,562 1,787,093 ........................ 1,317,173 1,358,868 ----------- ----------- 1,770,231 1,802,081 1,330,560 1,372,676 ----------- ----------- $ 1,805,812 1,348,286 $ 1,820,336 1,385,777 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9190-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 111,127 $217,358 113,383 $432,995 195,089 $472,291 240,589 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 1,063 1,500 1,956 3,199 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 112,190 114,883 197,045 243,788 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 71,921 75,490 132,744 148,593 General and administrative....................... 20,376 6,826 26,994 15,831 3,806 7,201 7,264 11,447 Depletion........................................ 30,011 51,338 96,328 104,926 21,066 34,815 65,712 67,710 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 96,793 117,506 205,720 227,750 -------- -------- -------- -------- Net income......................................... $101,652 income (loss).................................. $ 45,863 15,397 $ 93,042 $120,626 (2,623) $ (8,675) $ 16,038 ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... $ 1,016 154 $ 458 (26) $ 930 (87) $ 1,206 160 ======== ======== ======== ======== Limited partners................................. $100,636 $ 45,405 15,243 $ 92,112 $119,420 (2,597) $ (8,588) $ 15,878 ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ......................................... $ 8.95 2.24 $ 4.04 (.38) $ 8.19 (1.26) $ 10.62 2.33 ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ..... $ 7.04 1.68 $ 9.83 6.05 $ 10.99 4.86 $ 24.77 18.98 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9190-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 13,808 $1,787,093 1,358,868 $1,802,081 1,372,676 Distributions.......................................... ............................................ (1,249334) (123,64333,107) (124,89233,441) Net income............................................. 930 92,112 93,042 loss................................................. (87) (8,588) (8,675) ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 13,387 $1,755,562 1,317,173 $1,770,231 1,330,560 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9190-BA, L.P. (A DELAWARE LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9185-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 43,539 $ 165,231 47,370 Accounts receivable -- oil and gas sales.................. 168,967 97,159 59,173 38,501 ----------- ----------- Total current assets.............................. 333,361 262,390 102,712 85,871 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 5,314,799 5,312,024 Accumulated depletion....................................... (8,267,3694,333,333) (8,171,0414,275,826) ----------- ----------- Net oil and gas properties........................ 1,472,451 1,557,946 981,466 1,036,198 ----------- ----------- $ 1,805,812 1,084,178 $ 1,820,336 1,122,069 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 15,414 $ 18,255 10,661 Partners' capital: Managing general partner.................................. 14,669 14,988 11,039 11,465 Limited partners (11,249 7,988 interests)....................... 1,755,562 1,787,093 ........................ 1,057,725 1,099,943 ----------- ----------- 1,770,231 1,802,081 1,068,764 1,111,408 ----------- ----------- $ 1,805,812 1,084,178 $ 1,820,336 1,122,069 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9185-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $257,398 85,896 $217,358 86,581 $432,995 144,877 $472,291 186,404 Interest......................................... 2,096 2,796 3,859 5,661 Gain on disposition of assets -- -- 197 708 1,162 1,230 2,578 ------- ------- -------- -------- -------- -------- 259,494 220,154 436,854 478,149 -------- -------- 86,604 87,743 146,107 188,982 ------- ------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 51,665 65,171 101,350 124,962 General and administrative....................... 20,376 6,826 26,994 15,831 2,578 2,597 4,347 5,592 Depletion........................................ 30,011 51,338 96,328 104,926 17,864 29,229 57,507 55,567 ------- ------- -------- -------- -------- -------- 157,842 174,291 343,812 357,523 -------- -------- 72,107 96,997 163,204 186,121 ------- ------- -------- -------- Net income......................................... income (loss).................................. $101,652 14,497 $(9,254) $(17,097) $ 45,863 $ 93,042 $120,626 =2,861 ======= ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... $ 1,016 145 $ 458 (93) $ 930 (171) $ 1,206 =28 ======= ======== ======== ======== Limited partners................................. $100,636 14,352 $(9,161) $(16,926) $ 45,405 $ 92,112 $119,420 =2,833 ======= ======== ======== ======== Net income (loss) per limited partnership interest........ ......................................... $ 8.95 1.80 $ 4.04 (1.15) $ 8.19 (2.12) $ 10.62 .35 ======= ======= ======== ======== =Distributions per limited partnership interest..... $ 3.17 $ 5.10 $ 3.17 $ 14.90 ======= Net distribution per limited partnership interest......................................... $ 7.04 $ 9.83 $ 10.99 $ 24.77 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9185-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 11,465 $1,787,093 1,099,943 $1,802,081 1,111,408 Distributions.......................................... ............................................ (1,249255) (123,64325,292) (124,89225,547) Net income............................................. 930 92,112 93,042 loss................................................. (171) (16,926) (17,097) ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 11,039 $1,755,562 1,057,725 $1,770,231 1,068,764 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9185-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. .................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS 6.EXHIBITS AND REPORTS ON FORM 8-K.................... ..................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 9186-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ ------------ (UNAUDITED) Current assets: Cash...................................................... $ 164,394 177,370 $ 165,231 185,320 Accounts receivable -- oil and gas sales.................. 168,967 97,159 ----------- 145,950 120,424 ------------ ----------- Total current assets.............................. 333,361 262,390 ----------- 323,320 305,744 ------------ ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,739,820 9,728,987 12,039,945 12,038,382 Accumulated depletion....................................... (8,267,36910,090,266) (8,171,0419,980,171) ----------- ------------ ----------- Net oil and gas properties........................ 1,472,451 1,557,946 ----------- 1,949,679 2,058,211 ------------ ----------- $ 1,805,812 2,272,999 $ 1,820,336 2,363,955 ============ =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 35,581 38,442 $ 18,255 11,216 Partners' capital: Managing general partner.................................. 14,669 14,988 21,070 22,251 Limited partners (11,249 17,208 interests)....................... 1,755,562 1,787,093 2,213,487 2,330,488 ------------ ----------- ----------- 1,770,231 1,802,081 ----------- 2,234,557 2,352,739 ------------ ----------- $ 1,805,812 2,272,999 $ 1,820,336 2,363,955 ============ =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 9186-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... .................................... $257,398 231,875 $217,358 239,503 $432,995 407,249 $472,291 497,072 Interest......................................... 2,096 2,796 3,859 5,661 ....................................... 2,338 3,206 4,305 6,774 Gain on disposition of assets assets.................. -- 4,779 -- 197 5,435 -------- -------- -------- -------- 259,494 220,154 436,854 478,149 234,213 247,488 411,554 509,281 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 107,455 116,127 220,490 236,766 ......................... 144,074 172,207 293,691 339,770 General and administrative....................... 20,376 6,826 26,994 15,831 ..................... 6,956 7,185 12,217 14,912 Depletion........................................ 30,011 51,338 96,328 104,926 ...................................... 36,312 79,516 110,095 147,760 Abandoned property............................. -- 10,743 -- 20,389 -------- -------- -------- -------- 157,842 174,291 343,812 357,523 187,342 269,651 416,003 522,831 -------- -------- -------- -------- Net income......................................... income (loss)................................ $ 46,871 $101,652 (22,163) $ 45,863 $ 93,042 (4,449) $120,626 (13,550) ======== ======== ======== ======== Allocation of net income: income (loss): Managing general partner......................... ....................... $ 1,016 469 $ 458 (222) $ 930 (44) $ 1,206 (136) ======== ======== ======== ======== Limited partners................................. ............................... $ 46,402 $100,636 (21,941) $ 45,405 $ 92,112 (4,405) $119,420 (13,414) ======== ======== ======== ======== Net income (loss) per limited partnership interest........ ....................................... $ 8.95 2.69 $ 4.04 (1.28) $ 8.19 (.26) $ 10.62 (.78) ======== ======== ======== ======== Net distribution Distributions per limited partnership interest......................................... ... $ 7.04 5.01 $ 9.83 3.82 $ 10.99 6.54 $ 24.77 12.26 ======== ======== ======== ======== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 4 127 PARKER & PARSLEY 9186-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENT OF PARTNERS' CAPITAL (UNAUDITED) MANAGING GENERAL LIMITED PARTNER PARTNERS TOTAL -------- ---------- ---------- Balance at January 1, 1999............................... ................................. $14,988 22,251 $1,787,093 2,330,488 $1,802,081 2,352,739 Distributions.......................................... ............................................ (1,2491,137) (123,643112,596) (124,892113,733) Net income............................................. 930 92,112 93,042 loss................................................. (44) (4,405) (4,449) ------- ---------- ---------- Balance at June 30, 1999................................. ................................... $14,669 21,070 $1,755,562 2,213,487 $1,770,231 2,234,557 ======= ========== ========== The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 5 128 PARKER & PARSLEY 9186-B, L.P. LTD. (A DELAWARE TEXAS LIMITED PARTNERSHIP) STATEMENTS OF CASH FLOWS (UNAUDITED)) SIX MONTHS ENDED JUNE 30, --------------------- 1999 1998 --------- --------- Cash flows from operating activities: Net loss.................................................. $ (4,449) $ (13,550) Adjustments to reconcile net loss to net cash provided by operating activities: Depletion.............................................. 110,095 147,760 Gain on disposition of assets.......................... -- (5,435) Changes in assets and liabilities: Accounts receivable.................................... (25,526) 40,163 Accounts payable....................................... 27,226 (5,429) --------- --------- Net cash provided by operating activities......... 107,346 163,509 --------- --------- Cash flows from investing activities: Additions to oil and gas properties....................... (2,172) (3,555) Proceeds from asset dispositions.......................... 609 5,435 --------- --------- Net cash provided by (used in) investing activities...................................... (1,563) 1,880 --------- --------- Cash flows used in financing activities: Cash distributions to partners............................ (113,733) (213,020) --------- --------- Net decrease in cash........................................ (7,950) (47,631) Cash at beginning of period................................. 185,320 259,795 --------- --------- Cash at end of period....................................... $ 177,370 $ 212,164 ========= ========= The financial information included herein has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 6 129 PARKER & PARSLEY 86-B, LTD. (A TEXAS LIMITED PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED) NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS Parker & Parsley 86-B, Ltd. (the "Partnership") is a limited partnership organized in 1986 under the laws of the State of Texas. The Partnership engages primarily in oil and gas development and production in Texas and is not involved in any industry segment other than oil and gas.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pioneer Natural Resources Usa Inc)
