REEF OIL & GAS INCOME & DEVELOPMENT FUND III LP Financial Statements (2026 and earlier)

Company Profile

Business Address 1901 N. Central Expy
RICHARDSON, TX 75080
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,515369652495
Cash and cash equivalent 1,515369652495
Receivables 136183 2
Deferred costs   1012
Other undisclosed current assets   509679
Total current assets: 1,6515521,1711,189
Noncurrent Assets
Oil and gas, full cost method, property and equipment, after accumulated depletion 76011,11713,77414,548
Deferred costs   4 
Total noncurrent assets: 76011,11713,77814,548
TOTAL ASSETS: 2,41111,66914,95015,737
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 101786
Accounts payable 101086
Accrued liabilities  6  
Debt   3601,315
Total current liabilities: 10173681,321
Noncurrent Liabilities
Long-term debt and lease obligation   330 
Long-term debt, excluding current maturities   330 
Liabilities, other than long-term debt 5922,5282,4632,367
Asset retirement obligations 5922,5282,4632,367
Total noncurrent liabilities: 5922,5282,7932,367
Total liabilities: 6022,5453,1623,687
Equity
Other undisclosed liabilities and equity 1,8099,12311,78812,050
TOTAL LIABILITIES AND EQUITY: 2,41111,66914,95015,737

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)		 1,5578,46910,22511,662
Cost of revenue (1,945)(6,029)(5,541)(6,868)
Cost of product and service sold (1,302)(6,029)(5,541)(6,868)
Gross profit: (388)2,4404,6834,794
Operating expenses (6,909)(2,640)(907)(921)
Other undisclosed operating loss  (2,261)(3,285)(2,982)
Operating income (loss): (7,297)(2,461)492891
Nonoperating income (expense) 0(33)(71)(105)
Other nonoperating income 0100
Interest and debt expense  (18)(56)(81)
Income (loss) from continuing operations: (7,296)(2,512)365705
Income (loss) before gain (loss) on sale of properties: (7,296)(2,512)365705
Net income (loss) available to common stockholders, diluted: (7,296)(2,512)365705

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (7,296)(2,512)365705
Comprehensive income (loss), net of tax, attributable to parent: (7,296)(2,512)365705

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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