v2.4.1.9
Document Entity Information Document
3 Months Ended
Mar. 31, 2015
Entity Information  
Entity Registrant Name Rockies Region 2006 Limited Partnership
Entity Central Index Key 0001376912
Current Fiscal Year End Date --12-31
Entity Filer Category Smaller Reporting Company
Document Type 10-Q
Document Period End Date Mar. 31, 2015
Document Fiscal Year Focus 2015
Document Fiscal Period Focus Q1
Amendment Flag false
Entity Common Stock, Shares Outstanding 0.00dei_EntityCommonStockSharesOutstanding
Additional General Partnership Units Outstanding 0pdce_AdditionalGeneralPartnershipUnitsOutstanding
v2.4.1.9
Condensed Balance Sheets (Unaudited) Statement (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 12,588us-gaap_CashAndCashEquivalentsAtCarryingValue $ 136,226us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 58,460us-gaap_AccountsReceivableNetCurrent 59,470us-gaap_AccountsReceivableNetCurrent
Crude oil inventory 62,257us-gaap_InventoryNet 53,793us-gaap_InventoryNet
Total current assets 133,305us-gaap_AssetsCurrent 249,489us-gaap_AssetsCurrent
Crude oil and natural gas properties, successful efforts method, at cost 4,039,399us-gaap_OilAndGasPropertySuccessfulEffortMethodGross 13,373,707us-gaap_OilAndGasPropertySuccessfulEffortMethodGross
Less: Accumulated depreciation, depletion and amortization (1,907,579)us-gaap_OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization (7,893,923)us-gaap_OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
Crude oil and natural gas properties, net 2,131,820us-gaap_OilAndGasPropertySuccessfulEffortMethodNet 5,479,784us-gaap_OilAndGasPropertySuccessfulEffortMethodNet
Total Assets 2,265,125us-gaap_Assets 5,729,273us-gaap_Assets
Current liabilities:    
Accounts payable and accrued expenses 4,824us-gaap_AccountsPayableCurrent 6,278us-gaap_AccountsPayableCurrent
Due to Managing General Partner-other, net 79,638us-gaap_DueToAffiliateCurrent 98,886us-gaap_DueToAffiliateCurrent
Total current liabilities 84,462us-gaap_LiabilitiesCurrent 105,164us-gaap_LiabilitiesCurrent
Asset retirement obligations 1,704,754us-gaap_AssetRetirementObligationsNoncurrent 1,673,982us-gaap_AssetRetirementObligationsNoncurrent
Total liabilities 1,789,216us-gaap_Liabilities 1,779,146us-gaap_Liabilities
Commitments and contingent liabilities      
Partners' equity:    
Managing General Partner (4,759,927)us-gaap_GeneralPartnersCapitalAccount (3,474,466)us-gaap_GeneralPartnersCapitalAccount
Limited Partners - 4,497.03 units issued and outstanding 5,235,836us-gaap_LimitedPartnersCapitalAccount 7,424,593us-gaap_LimitedPartnersCapitalAccount
Total Partners' equity 475,909us-gaap_PartnersCapital 3,950,127us-gaap_PartnersCapital
Total Liabilities and Partners' Equity $ 2,265,125us-gaap_LiabilitiesAndStockholdersEquity $ 5,729,273us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Balance Sheet Parentheticals (Parentheticals)
Mar. 31, 2015
Dec. 31, 2014
Balance Sheet Parentheticals [Abstract]    
Limited Partners' Capital Account, Units Issued 4,497.03us-gaap_LimitedPartnersCapitalAccountUnitsIssued 4,497.03us-gaap_LimitedPartnersCapitalAccountUnitsIssued
Limited Partners' Capital Account, Units Outstanding 4,497.03us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding 4,497.03us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding
v2.4.1.9
Condensed Statements of Operations (Unaudited) Statement (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Crude oil, natural gas and NGLs sales $ 143,059us-gaap_OilAndGasSalesRevenue $ 401,551us-gaap_OilAndGasSalesRevenue
Operating costs and expenses:    
Crude oil, natural gas and NGLs production costs 141,424us-gaap_OilAndGasProductionExpense 213,954us-gaap_OilAndGasProductionExpense
Direct costs - general and administrative 21,640us-gaap_GeneralAndAdministrativeExpense 36,012us-gaap_GeneralAndAdministrativeExpense
Depreciation, depletion and amortization 109,515us-gaap_DepreciationDepletionAndAmortization 110,868us-gaap_DepreciationDepletionAndAmortization
Impairment of crude oil and natural gas properties 3,266,759us-gaap_ResultsOfOperationsImpairmentOfOilAndGasProperties 0us-gaap_ResultsOfOperationsImpairmentOfOilAndGasProperties
Accretion of asset retirement obligations 30,772pdce_AccretionOfAssetRetirementObligationsFromContinuingOperations 16,901pdce_AccretionOfAssetRetirementObligationsFromContinuingOperations
Total operating costs and expenses 3,570,110us-gaap_CostsAndExpenses 377,735us-gaap_CostsAndExpenses
Operating income (loss):    
Net income (loss) (3,427,051)us-gaap_ProfitLoss 23,816us-gaap_ProfitLoss
Net income (loss) per Investor Partner Unit:    
Net income (loss) per Investor Partner unit $ (480)us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 3us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
Investor Partner units outstanding 4,497.03us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding 4,497.03us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding
Entity [Domain]    
Operating income (loss):    
Income (loss) from continuing operations (3,427,051)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= dei_EntityDomain
23,816us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= dei_EntityDomain
Managing General Partner    
Operating income (loss):    
Income (loss) from continuing operations (1,268,009)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_GeneralPartnerMember
8,812us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_GeneralPartnerMember
Investor Partners    
Operating income (loss):    
Income (loss) from continuing operations $ (2,159,042)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_LimitedPartnerMember
$ 15,004us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_LimitedPartnerMember
v2.4.1.9
Condensed Statements of Cash Flows (Unaudited) Statement (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ (3,427,051)us-gaap_ProfitLoss $ 23,816us-gaap_ProfitLoss
Adjustments to net income (loss) to reconcile to net cash from operating activities:    
Depreciation, depletion and amortization 109,515us-gaap_DepreciationDepletionAndAmortization 110,868us-gaap_DepreciationDepletionAndAmortization
Impairment of crude oil and natural gas properties 3,266,759us-gaap_ResultsOfOperationsImpairmentOfOilAndGasProperties 0us-gaap_ResultsOfOperationsImpairmentOfOilAndGasProperties
Accretion of asset retirement obligations 30,772us-gaap_AssetRetirementObligationAccretionExpense 16,901us-gaap_AssetRetirementObligationAccretionExpense
Changes in assets and liabilities:    
Accounts receivable 1,010us-gaap_IncreaseDecreaseInAccountsReceivable 13,755us-gaap_IncreaseDecreaseInAccountsReceivable
Crude oil inventory (8,464)us-gaap_IncreaseDecreaseInInventories (3,200)us-gaap_IncreaseDecreaseInInventories
Other assets 0us-gaap_IncreaseDecreaseInOtherOperatingAssets 133,809us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (1,454)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (446)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Due to Managing General Partner-other, net (19,248)us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent 53,015us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent
Net cash from operating activities (48,161)us-gaap_NetCashProvidedByUsedInOperatingActivities 348,518us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from Investing Activities:    
Capital expenditures for crude oil and natural gas properties (28,310)us-gaap_PaymentsToExploreAndDevelopOilAndGasProperties 0us-gaap_PaymentsToExploreAndDevelopOilAndGasProperties
Net cash from investing activities (28,310)us-gaap_NetCashProvidedByUsedInInvestingActivities 0us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Distributions to Partners (47,167)us-gaap_PartnersCapitalAccountDistributions (212,673)us-gaap_PartnersCapitalAccountDistributions
Net cash from financing activities (47,167)us-gaap_NetCashProvidedByUsedInFinancingActivities (212,673)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (123,638)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 135,845us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 136,226us-gaap_CashAndCashEquivalentsAtCarryingValue 352,687us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period $ 12,588us-gaap_CashAndCashEquivalentsAtCarryingValue $ 488,532us-gaap_CashAndCashEquivalentsAtCarryingValue
v2.4.1.9
General and Basis of Presentation
3 Months Ended
Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
General and Basis of Presentation

Rockies Region 2006 Limited Partnership (this “Partnership” or the “Registrant”) was organized in 2006 as a limited partnership, in accordance with the laws of the State of West Virginia, for the purpose of engaging in the exploration and development of crude oil and natural gas properties. Business operations commenced upon closing of an offering for the private placement of Partnership units. Upon funding, this Partnership entered into a Drilling and Operating Agreement (“D&O Agreement”) with the Managing General Partner which authorizes PDC to conduct and manage this Partnership's business. In accordance with the terms of the Limited Partnership Agreement (the “Agreement”), the Managing General Partner is authorized to manage all activities of this Partnership and initiates and completes substantially all Partnership transactions.

As of March 31, 2015, there were 1,983 Investor Partners in this Partnership. PDC is the designated Managing General Partner of this Partnership and owns a 37% Managing General Partner ownership in this Partnership. According to the terms of the Agreement, revenues, costs and cash distributions of this Partnership are allocated 63% to the Investor Partners, which are shared pro rata based upon the number of units in this Partnership, and 37% to the Managing General Partner. The Managing General Partner may repurchase Investor Partner units under certain circumstances provided by the Agreement, upon request of an individual Investor Partner. Through March 31, 2015, the Managing General Partner had repurchased 116 units of Partnership interest from the Investor Partners at an average price of $3,265 per unit. As of March 31, 2015, the Managing General Partner owned 38.6% of this Partnership, including the repurchased interest.

In the Managing General Partner's opinion, the accompanying condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of this Partnership's results for interim periods in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Accordingly, pursuant to such rules and regulations, certain notes and other financial information included in the audited financial statements have been condensed or omitted. The information presented in this Quarterly Report on Form 10-Q should be read in conjunction with this Partnership's audited financial statements and notes thereto included in this Partnership's 2014 Form 10-K. This Partnership's accounting policies are described in the Notes to Financial Statements in this Partnership's 2014 Form 10-K and updated, as necessary, in this Quarterly Report on Form 10-Q. The results of operations and cash flows for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year or any future period.
v2.4.1.9
Going Concern (Notes)
3 Months Ended
Mar. 31, 2015
Going Concern [Abstract]  
Going Concern [Text Block]
Going Concern

This Partnership has historically funded its operations with cash flows from operations. This Partnership’s most significant cash outlays relate to its operating expenses, capital program and distributions to partners. The market price for oil, natural gas, and NGLs decreased significantly during the fourth quarter of 2014, with continued weakness into the first quarter of 2015. Decreases in the market price for this Partnership’s production directly reduce its cash flows from operations and create operating deficits.

Collectively, the negative impacts to this Partnership’s liquidity resulting from declining commodity prices and decreased production, which is primarily due to high line pressure on a third-party gathering system and natural production declines, raise substantial doubt about the Partnership’s ability to continue as a going concern. This Partnership expects further cash flow deficits from operations and anticipates increased cash needs for capital expenditures required to remain in compliance with certain regulatory requirements. This Partnership has limited cash and cash equivalents as of March 31, 2015 for operating deficits, working capital and other needs. One of this Partnership's most significant obligations is to the Managing General Partner, which is currently due, for reimbursement of costs paid on behalf of this Partnership by the Managing General Partner. Such amounts are generally paid to third parties for general and administrative expenses and equipment and operating costs, as well as monthly operating fees payable to the Managing General Partner.

The ability of this Partnership to continue as a going concern is dependent upon its ability to attain a satisfactory level of cash flows from operations. Greater cash flow would most likely occur from improved commodity pricing and increased production from wells that have been impacted by third-party gathering system line pressures.

The Managing General Partner is considering various options to mitigate risks that raise substantial doubt about this Partnership’s ability to continue as a going concern, including, but not limited to, deferral of obligations, suspension of distributions to partners, partial or complete sale of assets and the shutting-in of wells. However, there can be no assurance that this Partnership will be able to mitigate such conditions. Failure to do so could result in a partial asset sale or some form of liquidation or dissolution of this Partnership.

The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and satisfaction of liabilities and commitments in the normal course of business. The financial statements do not reflect any adjustments that might result if this Partnership is unable to continue as a going concern.
v2.4.1.9
Recent Accounting Standards
3 Months Ended
Mar. 31, 2015
New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures [Abstract]  
Summary of Significant Accounting Policies [Text Block]
Summary of Significant Accounting Policies

Recently Adopted Accounting Standards

In April 2014, the Financial Accounting Standards Board issued changes related to the criteria for determining which disposals can be presented as discontinued operations and modified related disclosure requirements. Under the new pronouncement, a discontinued operation is defined as a disposal of a component of an organization that represents a strategic shift and that has a major effect on the organization's operations and financial results. These changes are to be applied prospectively for new disposals or components of this Partnership's business classified as held for sale during interim and annual periods beginning after December 15, 2014, with early adoption permitted. Adoption of this guidance did not impact this Partnership's financial statements.

Recently Issued Accounting Standards

In May 2014, the FASB and the International Accounting Standards Board ("IASB") issued their converged standard on revenue recognition that provides a single, comprehensive model that entities will apply to determine the measurement of revenue and timing of when it is recognized. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The standard outlines a five-step approach to apply the underlying principle: (a) identify the contract with the customer, (b) identify the separate performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to separate performance obligations and (e) recognize revenue when (or as) each performance obligation is satisfied. Entities are permitted to adopt the revenue standard early, beginning with annual reporting periods after December 15, 2016. In April 2015, the FASB voted to propose that the revenue standard be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and can be adopted under the full retrospective method or simplified transition method. The Managing General Partner of this Partnership is currently evaluating the impact these changes will have on this Partnership's financial statements.

In August 2014, the FASB issued a new standard related to the disclosure of uncertainties about an entity's ability to continue as a going concern. The new standard will explicitly require management to assess an entity's ability to continue as a going concern every reporting period and to provide related footnote disclosures in certain circumstances. The new standard will be effective for all entities in the first annual period ending after December 15, 2016, with early adoption permitted. The Managing General Partner of this Partnership is currently evaluating the impact these changes will have on this Partnership's financial statements.

In January 2015, the FASB issued new accounting guidance eliminating from current accounting guidance the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. This guidance is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Adoption of this guidance is not expected to have a significant impact on this Partnership's financial statements.

In February 2015, the FASB issued an accounting update modifying existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. The amendments in this update are effective for fiscal years and interim periods within those years beginning after December 15, 2015, and require either a retrospective or a modified retrospective approach to adoption. Early adoption is permitted. Adoption of this guidance is not expected to have a significant impact on this Partnership's financial statements.
v2.4.1.9
Transactions with Managing General Partner
3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Transactions with Managing General Partner

The Managing General Partner transacts business on behalf of this Partnership under the authority of the D&O Agreement. Revenues and other cash inflows received by the Managing General Partner on behalf of this Partnership are distributed to the partners, net of corresponding operating costs and other cash outflows incurred on behalf of this Partnership.

The following table presents transactions with the Managing General Partner reflected in the condensed balance sheets line item “Due to Managing General Partner-other, net,” which remain undistributed or unsettled with this Partnership's investors as of the dates indicated:

    
 
March 31, 2015
 
December 31, 2014
Crude oil, natural gas and NGLs sales revenues
collected from this Partnership's third-party customers
$
47,072

 
$
141,762

Other (1)
(126,710
)
 
(240,648
)
Total Due to Managing General Partner-other, net
$
(79,638
)
 
$
(98,886
)

(1)
All other unsettled transactions between this Partnership and the Managing General Partner. The majority of these are capital expenditures, operating costs and general and administrative costs, which have not been deducted from distributions.

The following table presents Partnership transactions with the Managing General Partner for the three months ended March 31, 2015 and 2014. “Well operations and maintenance” is included in the “Crude oil, natural gas and NGLs production costs” line item on the condensed statements of operations.    
 
Three Months Ended March 31,
 
2015
 
2014
 Well operations and maintenance
$
137,366

 
$
190,723

 Direct costs - general and administrative
21,640

 
36,012

 Cash distributions (1)
18,219

 
81,356


(1)
Cash distributions include $767 and $2,667 during the three months ended March 31, 2015 and 2014, respectively, related to equity cash distributions for Investor Partner units repurchased by PDC.
v2.4.1.9
Fair Value Measurements and Disclosures
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
Note 5 - Fair Value Measurements

This Partnership's fair value measurements were estimated pursuant to a fair value hierarchy that requires this Partnership to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date, giving the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable data (Level 3). In some cases, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. In these cases, the lowest level input that is significant to a fair value measurement in its entirety determines the applicable level in the fair value hierarchy. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability, and may affect the valuation of the assets and liabilities and their placement within the fair value hierarchy levels. The carrying value of the financial instruments included in current assets and current liabilities approximate fair value due to the short-term maturities of these instruments.

The Managing General Partner utilizes fair value, on a non-recurring basis, to perform impairment testing on this Partnership's crude oil and natural gas properties by comparing net capitalized costs, or carrying value, to estimated undiscounted future net cash flows. If net capitalized costs exceed undiscounted future net cash flows, the measurement of impairment is based on estimated fair value and is measured by the amount by which the net capitalized costs exceed their fair value. See Note 8, Impairment of Crude Oil and Natural Gas Properties, for information regarding an impairment charge recognized during the three months ended March 31, 2015.
v2.4.1.9
Commitments and Contingencies
3 Months Ended
Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
Commitments and Contingencies

Legal Proceedings

Neither this Partnership nor PDC, in its capacity as the Managing General Partner of this Partnership, are party to any pending legal proceeding that PDC believes would have a materially adverse effect on this Partnership's business, financial condition, results of operations or liquidity.

Environmental

Due to the nature of the oil and gas industry, this Partnership is exposed to environmental risks. The Managing General Partner has various policies and procedures in place to prevent environmental contamination and mitigate the risks from environmental contamination. The Managing General Partner conducts periodic reviews to identify changes in this Partnership's environmental risk profile. Liabilities are accrued when environmental remediation efforts are probable and the costs can be reasonably estimated. These liabilities are reduced as remediation efforts are completed or are adjusted as a consequence of subsequent periodic reviews.

During the three months ended March 31, 2015 and 2014, as a result of the Managing General Partner's periodic review, no new environmental remediation projects were identified and this Partnership's expense for environmental remediation efforts was not significant. This Partnership had no liabilities for environmental remediation efforts as of March 31, 2015 or December 31, 2014.

The Managing General Partner is not currently aware of any environmental claims existing as of March 31, 2015 which have not been provided for or would otherwise be expected to have a material impact on this Partnership's condensed financial statements. However, there can be no assurance that current regulatory requirements will not change or that unknown past non-compliance with environmental laws will not be discovered on this Partnership's properties.
v2.4.1.9
Asset Retirement Obligations Asset Retirement Obligations (Notes)
3 Months Ended
Mar. 31, 2015
ASSET RETIREMENT OBLIGATIONS [Abstract]  
Asset Retirement Obligation Disclosure [Text Block]
Asset Retirement Obligations

The following table presents the changes in the carrying amount of the asset retirement obligations associated with this Partnership's working interest in crude oil and natural gas properties:

 
Amount
 
 
Balance at December 31, 2014
$
1,673,982

Accretion expense
30,772

Balance at March 31, 2015
$
1,704,754

v2.4.1.9
Impairment of Capitalized Costs (Notes)
3 Months Ended
Mar. 31, 2015
Impairment of Crude Oil and Natural Gas Properties [Abstract]  
Asset Impairment Charges [Text Block]
Note 8 - Impairment of Crude Oil and Natural Gas Properties

During the three months ended March 31, 2015, this Partnership recognized an impairment charge of approximately $3.3 million to write-down its Wattenberg Field proved oil and natural gas properties. The impairment charge represented the amount by which the carrying value of the Wattenberg Field crude oil and natural gas properties exceeded the estimated fair value, and was therefore not recoverable. The estimated fair value was determined based on estimated future discounted net cash flows, a Level 3 input, using estimated production and prices at which the Managing General Partner reasonably expects this Partnership's crude oil and natural gas will be sold.
v2.4.1.9
Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
In the Managing General Partner's opinion, the accompanying condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary for a fair presentation of this Partnership's results for interim periods in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Accordingly, pursuant to such rules and regulations, certain notes and other financial information included in the audited financial statements have been condensed or omitted. The information presented in this Quarterly Report on Form 10-Q should be read in conjunction with this Partnership's audited financial statements and notes thereto included in this Partnership's 2014 Form 10-K. This Partnership's accounting policies are described in the Notes to Financial Statements in this Partnership's 2014 Form 10-K and updated, as necessary, in this Quarterly Report on Form 10-Q. The results of operations and cash flows for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year or any future period.
Going Concern [Policy Text Block]
This Partnership has historically funded its operations with cash flows from operations. This Partnership’s most significant cash outlays relate to its operating expenses, capital program and distributions to partners. The market price for oil, natural gas, and NGLs decreased significantly during the fourth quarter of 2014, with continued weakness into the first quarter of 2015. Decreases in the market price for this Partnership’s production directly reduce its cash flows from operations and create operating deficits.

Collectively, the negative impacts to this Partnership’s liquidity resulting from declining commodity prices and decreased production, which is primarily due to high line pressure on a third-party gathering system and natural production declines, raise substantial doubt about the Partnership’s ability to continue as a going concern. This Partnership expects further cash flow deficits from operations and anticipates increased cash needs for capital expenditures required to remain in compliance with certain regulatory requirements. This Partnership has limited cash and cash equivalents as of March 31, 2015 for operating deficits, working capital and other needs. One of this Partnership's most significant obligations is to the Managing General Partner, which is currently due, for reimbursement of costs paid on behalf of this Partnership by the Managing General Partner. Such amounts are generally paid to third parties for general and administrative expenses and equipment and operating costs, as well as monthly operating fees payable to the Managing General Partner.

The ability of this Partnership to continue as a going concern is dependent upon its ability to attain a satisfactory level of cash flows from operations. Greater cash flow would most likely occur from improved commodity pricing and increased production from wells that have been impacted by third-party gathering system line pressures.

The Managing General Partner is considering various options to mitigate risks that raise substantial doubt about this Partnership’s ability to continue as a going concern, including, but not limited to, deferral of obligations, suspension of distributions to partners, partial or complete sale of assets and the shutting-in of wells. However, there can be no assurance that this Partnership will be able to mitigate such conditions. Failure to do so could result in a partial asset sale or some form of liquidation or dissolution of this Partnership.

The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and satisfaction of liabilities and commitments in the normal course of business. The financial statements do not reflect any adjustments that might result if this Partnership is unable to continue as a going concern.
v2.4.1.9
Recent Accounting Standards Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Recently Adopted Accounting Standards [Text Block]
Recently Adopted Accounting Standards

In April 2014, the Financial Accounting Standards Board issued changes related to the criteria for determining which disposals can be presented as discontinued operations and modified related disclosure requirements. Under the new pronouncement, a discontinued operation is defined as a disposal of a component of an organization that represents a strategic shift and that has a major effect on the organization's operations and financial results. These changes are to be applied prospectively for new disposals or components of this Partnership's business classified as held for sale during interim and annual periods beginning after December 15, 2014, with early adoption permitted. Adoption of this guidance did not impact this Partnership's financial statements.

Recently Issued Accounting Standards [Policy Text Block]
Recently Issued Accounting Standards

In May 2014, the FASB and the International Accounting Standards Board ("IASB") issued their converged standard on revenue recognition that provides a single, comprehensive model that entities will apply to determine the measurement of revenue and timing of when it is recognized. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The standard outlines a five-step approach to apply the underlying principle: (a) identify the contract with the customer, (b) identify the separate performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to separate performance obligations and (e) recognize revenue when (or as) each performance obligation is satisfied. Entities are permitted to adopt the revenue standard early, beginning with annual reporting periods after December 15, 2016. In April 2015, the FASB voted to propose that the revenue standard be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and can be adopted under the full retrospective method or simplified transition method. The Managing General Partner of this Partnership is currently evaluating the impact these changes will have on this Partnership's financial statements.

In August 2014, the FASB issued a new standard related to the disclosure of uncertainties about an entity's ability to continue as a going concern. The new standard will explicitly require management to assess an entity's ability to continue as a going concern every reporting period and to provide related footnote disclosures in certain circumstances. The new standard will be effective for all entities in the first annual period ending after December 15, 2016, with early adoption permitted. The Managing General Partner of this Partnership is currently evaluating the impact these changes will have on this Partnership's financial statements.

In January 2015, the FASB issued new accounting guidance eliminating from current accounting guidance the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. This guidance is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Adoption of this guidance is not expected to have a significant impact on this Partnership's financial statements.

In February 2015, the FASB issued an accounting update modifying existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. The amendments in this update are effective for fiscal years and interim periods within those years beginning after December 15, 2015, and require either a retrospective or a modified retrospective approach to adoption. Early adoption is permitted. Adoption of this guidance is not expected to have a significant impact on this Partnership's financial statements.
v2.4.1.9
Transactions with Managing General Partner Transactions with Managing General Partner (Tables)
3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
Due from (to) Managing General Partner-other, net [Table Text Block]
The following table presents transactions with the Managing General Partner reflected in the condensed balance sheets line item “Due to Managing General Partner-other, net,” which remain undistributed or unsettled with this Partnership's investors as of the dates indicated:

    
 
March 31, 2015
 
December 31, 2014
Crude oil, natural gas and NGLs sales revenues
collected from this Partnership's third-party customers
$
47,072

 
$
141,762

Other (1)
(126,710
)
 
(240,648
)
Total Due to Managing General Partner-other, net
$
(79,638
)
 
$
(98,886
)

(1)
All other unsettled transactions between this Partnership and the Managing General Partner. The majority of these are capital expenditures, operating costs and general and administrative costs, which have not been deducted from distributions.
Schedule of Related Party Transactions [Table Text Block]
The following table presents Partnership transactions with the Managing General Partner for the three months ended March 31, 2015 and 2014. “Well operations and maintenance” is included in the “Crude oil, natural gas and NGLs production costs” line item on the condensed statements of operations.    
 
Three Months Ended March 31,
 
2015
 
2014
 Well operations and maintenance
$
137,366

 
$
190,723

 Direct costs - general and administrative
21,640

 
36,012

 Cash distributions (1)
18,219

 
81,356


(1)
Cash distributions include $767 and $2,667 during the three months ended March 31, 2015 and 2014, respectively, related to equity cash distributions for Investor Partner units repurchased by PDC.
v2.4.1.9
Asset Retirement Obligations Asset Retirement Obligations (Tables)
3 Months Ended
Mar. 31, 2015
ASSET RETIREMENT OBLIGATIONS [Abstract]  
Schedule of Change in Asset Retirement Obligation [Table Text Block]
The following table presents the changes in the carrying amount of the asset retirement obligations associated with this Partnership's working interest in crude oil and natural gas properties:

 
Amount
 
 
Balance at December 31, 2014
$
1,673,982

Accretion expense
30,772

Balance at March 31, 2015
$
1,704,754

v2.4.1.9
General and Basis of Presentation General and Basis of Presentation (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Number_of_Limited_Partners
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of Investor Partners 1,983pdce_NumberOfLimitedPartners
Managing General Partner, Ownership Interest Before Unit Repurchases 37.00%pdce_ManagingMemberOrGeneralPartnerOwnershipInterestBeforeUnitRepurchases
Investor Partner Ownership Interest 63.00%us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
Limited Partner Units Repurchased by Managing General Partner 116pdce_LimitedPartnerUnitsRepurchasedByManagingGeneralPartner
Average Price Paid for Units Repurchased by Managing General Partner $ 3,265pdce_AveragePricePaidForUnitsRepurchasedByManagingGeneralPartner
Managing General Partner Ownership Interest 38.60%us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
v2.4.1.9
Transactions with Managing General Partner Undistributed or Unsettled Transactions With Investor Partners (Details) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Related Party Transaction    
Due from (to) Managing General Partner-other, net $ (79,638)us-gaap_RelatedPartyTransactionDueFromToRelatedParty $ (98,886)us-gaap_RelatedPartyTransactionDueFromToRelatedParty
Crude oil, natural gas and NGLs sales revenues collected from the Partnership's third-party customers    
Related Party Transaction    
Due from (to) Managing General Partner-other, net 47,072us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OilAndGasSalesRevenueCollectedMember
141,762us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OilAndGasSalesRevenueCollectedMember
Other    
Related Party Transaction    
Due from (to) Managing General Partner-other, net $ (126,710)us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OtherUnsettledTransactionsMember
[1] $ (240,648)us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OtherUnsettledTransactionsMember
[1]
[1] All other unsettled transactions between this Partnership and the Managing General Partner. The majority of these are capital expenditures, operating costs and general and administrative costs, which have not been deducted from distributions.
v2.4.1.9
Transactions with Managing General Partner Related Party Transactions (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Related Party Transaction    
Direct costs - general and administrative $ 21,640us-gaap_GeneralAndAdministrativeExpense $ 36,012us-gaap_GeneralAndAdministrativeExpense
Managing General Partner [Member]    
Related Party Transaction    
Well operations and maintenance 137,366pdce_WellOperationsAndMaintenance
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
190,723pdce_WellOperationsAndMaintenance
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
Direct costs - general and administrative 21,640us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
36,012us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
Cash distributions 18,219us-gaap_GeneralPartnersCapitalAccountDistributionAmount
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1] 81,356us-gaap_GeneralPartnersCapitalAccountDistributionAmount
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1]
Distribution Made to Limited Partner, Cash Distributions Paid $ 767us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
$ 2,667us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1] Cash distributions include $767 and $2,667 during the three months ended March 31, 2015 and 2014, respectively, related to equity cash distributions for Investor Partner units repurchased by PDC.
v2.4.1.9
Commitments and Contingencies Commitments and Contingencies (Details) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]    
Accrued environmental remediation liabilities $ 0us-gaap_AccruedEnvironmentalLossContingenciesCurrent $ 0us-gaap_AccruedEnvironmentalLossContingenciesCurrent
v2.4.1.9
Asset Retirement Obligations Asset Retirement Obligations (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Changes in asset retirement obligations    
Balance at December 31, 2014 $ 1,673,982us-gaap_AssetRetirementObligation  
Accretion expense 30,772us-gaap_AssetRetirementObligationAccretionExpense 16,901us-gaap_AssetRetirementObligationAccretionExpense
Balance at March 31, 2015 $ 1,704,754us-gaap_AssetRetirementObligation  
v2.4.1.9
Impairment of Capitalized Costs (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Impairment of Crude Oil and Natural Gas Properties [Abstract]  
Impairment of Oil and Gas Properties $ 3.3us-gaap_ImpairmentOfOilAndGasProperties