v2.4.1.9
Document Entity Information Document
6 Months Ended
Jun. 30, 2015
Entity Information  
Entity Registrant Name ROCKIES REGION 2007 LP
Entity Central Index Key 0001407805
Current Fiscal Year End Date --12-31
Entity Filer Category Smaller Reporting Company
Document Type 10-Q
Document Period End Date Jun. 30, 2015
Document Fiscal Year Focus 2015
Document Fiscal Period Focus Q2
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 $)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 496,020us-gaap_CashAndCashEquivalentsAtCarryingValue $ 628,520us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 167,782us-gaap_AccountsReceivableNetCurrent 168,421us-gaap_AccountsReceivableNetCurrent
Crude oil inventory 42,960us-gaap_InventoryNet 37,394us-gaap_InventoryNet
Total current assets 706,762us-gaap_AssetsCurrent 834,335us-gaap_AssetsCurrent
Crude oil and natural gas properties, successful efforts method, at cost 15,719,466us-gaap_OilAndGasPropertySuccessfulEffortMethodGross 15,661,273us-gaap_OilAndGasPropertySuccessfulEffortMethodGross
Less: Accumulated depreciation, depletion and amortization (9,237,258)us-gaap_OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization (8,836,596)us-gaap_OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
Crude oil and natural gas properties, net 6,482,208us-gaap_OilAndGasPropertySuccessfulEffortMethodNet 6,824,677us-gaap_OilAndGasPropertySuccessfulEffortMethodNet
Total Assets 7,188,970us-gaap_Assets 7,659,012us-gaap_Assets
Current liabilities:    
Accounts payable and accrued expenses 14,372us-gaap_AccountsPayableCurrent 19,545us-gaap_AccountsPayableCurrent
Due to Managing General Partner-other, net 168,737us-gaap_DueToAffiliateCurrent 178,150us-gaap_DueToAffiliateCurrent
Current portion of asset retirement obligations 311,505us-gaap_AssetRetirementObligationCurrent 0us-gaap_AssetRetirementObligationCurrent
Total current liabilities 494,614us-gaap_LiabilitiesCurrent 197,695us-gaap_LiabilitiesCurrent
Asset retirement obligations 1,461,065us-gaap_AssetRetirementObligationsNoncurrent 1,702,926us-gaap_AssetRetirementObligationsNoncurrent
Total liabilities 1,955,679us-gaap_Liabilities 1,900,621us-gaap_Liabilities
Commitments and contingent liabilities      
Partners' equity:    
Managing General Partner (3,257,630)us-gaap_GeneralPartnersCapitalAccount (3,063,343)us-gaap_GeneralPartnersCapitalAccount
Limited Partners - 4,470 units issued and outstanding 8,490,921us-gaap_LimitedPartnersCapitalAccount 8,821,734us-gaap_LimitedPartnersCapitalAccount
Total Partners' equity 5,233,291us-gaap_PartnersCapital 5,758,391us-gaap_PartnersCapital
Total Liabilities and Partners' Equity $ 7,188,970us-gaap_LiabilitiesAndStockholdersEquity $ 7,659,012us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Balance Sheet Parentheticals (Parentheticals)
Jun. 30, 2015
Dec. 31, 2014
Balance Sheet Parentheticals [Abstract]    
Limited Partners' Capital Account, Units Issued 4,470us-gaap_LimitedPartnersCapitalAccountUnitsIssued 4,470us-gaap_LimitedPartnersCapitalAccountUnitsIssued
Limited Partners' Capital Account, Units Outstanding 4,470us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding 4,470us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding
v2.4.1.9
Condensed Statements of Operations (Unaudited) Statement (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Crude oil, natural gas and NGLs sales $ 418,711us-gaap_OilAndGasSalesRevenue $ 847,932us-gaap_OilAndGasSalesRevenue $ 845,067us-gaap_OilAndGasSalesRevenue $ 2,048,299us-gaap_OilAndGasSalesRevenue
Operating costs and expenses:        
Crude oil, natural gas and NGLs production costs 251,953us-gaap_OilAndGasProductionExpense 260,163us-gaap_OilAndGasProductionExpense 520,618us-gaap_OilAndGasProductionExpense 500,336us-gaap_OilAndGasProductionExpense
Direct costs - general and administrative 33,698us-gaap_GeneralAndAdministrativeExpense 26,367us-gaap_GeneralAndAdministrativeExpense 55,411us-gaap_GeneralAndAdministrativeExpense 62,620us-gaap_GeneralAndAdministrativeExpense
Depreciation, depletion and amortization 193,736us-gaap_DepreciationDepletionAndAmortization 490,474us-gaap_DepreciationDepletionAndAmortization 400,662us-gaap_DepreciationDepletionAndAmortization 1,165,186us-gaap_DepreciationDepletionAndAmortization
Accretion of asset retirement obligations 35,177us-gaap_AssetRetirementObligationAccretionExpense 18,264us-gaap_AssetRetirementObligationAccretionExpense 69,644us-gaap_AssetRetirementObligationAccretionExpense 36,177us-gaap_AssetRetirementObligationAccretionExpense
Total operating costs and expenses 514,564us-gaap_CostsAndExpenses 795,268us-gaap_CostsAndExpenses 1,046,335us-gaap_CostsAndExpenses 1,764,319us-gaap_CostsAndExpenses
Operating income (loss):        
Net income (loss) allocated to partners (95,853)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 52,664us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (201,268)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 283,980us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Net income (loss) (95,853)us-gaap_ProfitLoss 52,664us-gaap_ProfitLoss (201,268)us-gaap_ProfitLoss 283,980us-gaap_ProfitLoss
Net income (loss) per Investor Partner Unit:        
Net income (loss) per Investor Partner unit $ (14)us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 7us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ (28)us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax $ 40us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
Investor Partner units outstanding 4,470us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding 4,470us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding 4,470us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding 4,470us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding
Managing General Partner        
Operating income (loss):        
Net income (loss) allocated to partners (35,466)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_GeneralPartnerMember
19,486us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_GeneralPartnerMember
(74,469)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_GeneralPartnerMember
105,073us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_GeneralPartnerMember
Investor Partners        
Operating income (loss):        
Net income (loss) allocated to partners $ (60,387)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_LimitedPartnerMember
$ 33,178us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_LimitedPartnerMember
$ (126,799)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_LimitedPartnerMember
$ 178,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_LimitedPartnerMember
v2.4.1.9
Condensed Statements of Cash Flows (Unaudited) Statement (USD $)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (201,268)us-gaap_ProfitLoss $ 283,980us-gaap_ProfitLoss
Adjustments to net income (loss) to reconcile to net cash from operating activities:    
Depreciation, depletion and amortization 400,662us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease 1,165,186us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
Accretion of asset retirement obligations 69,644us-gaap_AssetRetirementObligationAccretionExpense 36,177us-gaap_AssetRetirementObligationAccretionExpense
Changes in assets and liabilities:    
Accounts receivable 639us-gaap_IncreaseDecreaseInAccountsReceivable 126,484us-gaap_IncreaseDecreaseInAccountsReceivable
Crude oil inventory (5,566)us-gaap_IncreaseDecreaseInInventories 21,180us-gaap_IncreaseDecreaseInInventories
Other assets 0us-gaap_IncreaseDecreaseInOtherOperatingAssets 89,630us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (5,173)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (6,295)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Due from Managing General Partner-other, net (9,413)us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent 22,751us-gaap_IncreaseDecreaseInDueToAffiliatesCurrent
Net cash from operating activities 249,525us-gaap_NetCashProvidedByUsedInOperatingActivities 1,739,093us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:    
Capital expenditures for crude oil and natural gas properties (58,193)us-gaap_PaymentsToExploreAndDevelopOilAndGasProperties (105,830)us-gaap_PaymentsToExploreAndDevelopOilAndGasProperties
Net cash from investing activities (58,193)us-gaap_NetCashProvidedByUsedInInvestingActivities (105,830)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Distributions to Partners (323,832)us-gaap_PartnersCapitalAccountDistributions (1,543,633)us-gaap_PartnersCapitalAccountDistributions
Net cash from financing activities (323,832)us-gaap_NetCashProvidedByUsedInFinancingActivities (1,543,633)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (132,500)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 89,630us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 628,520us-gaap_CashAndCashEquivalentsAtCarryingValue 570,376us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period $ 496,020us-gaap_CashAndCashEquivalentsAtCarryingValue $ 660,006us-gaap_CashAndCashEquivalentsAtCarryingValue
v2.4.1.9
General and Basis of Presentation
6 Months Ended
Jun. 30, 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 2007 Limited Partnership (this “Partnership” or the “Registrant”) was organized in 2007 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 June 30, 2015, there were 1,771 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 June 30, 2015, the Managing General Partner had repurchased 95 units of Partnership interest from the Investor Partners at an average price of $3,339 per unit. As of June 30, 2015, the Managing General Partner owned 38.3% 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 and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year or any future period.
v2.4.1.9
Recent Accounting Standards
6 Months Ended
Jun. 30, 2015
New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures [Abstract]  
Description of New Accounting Pronouncements Adopted [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. The revenue standard is 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. Entities are permitted to adopt the revenue standard early, beginning with annual reporting periods after December 15, 2016. 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
6 Months Ended
Jun. 30, 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:

    
 
June 30, 2015
 
December 31, 2014
Crude oil, natural gas and NGLs sales revenues
collected from this Partnership's third-party customers
$
108,497

 
$
219,542

Other (1)
(277,234
)
 
(397,692
)
Total Due to Managing General Partner-other, net
$
(168,737
)
 
$
(178,150
)

(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 that have not been deducted from distributions.

The following table presents Partnership transactions with the Managing General Partner for the three and six months ended June 30, 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 June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 Well operations and maintenance
$
253,327

 
$
214,313

 
$
509,058

 
$
400,850

 Direct costs - general and administrative
33,698

 
26,367

 
55,411

 
62,620

 Cash distributions (1)
39,496

 
276,981

 
123,716

 
584,005


(1)
Cash distributions include $1,377 and $3,898 during the three and six months ended June 30, 2015, respectively, and $6,309 and $12,861 during the three and six months ended June 30, 2014, respectively, related to cash distributions for Investor Partner units repurchased by PDC.
v2.4.1.9
Fair Value Measurements and Disclosures
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
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.
v2.4.1.9
Commitments and Contingencies
6 Months Ended
Jun. 30, 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.

As of June 30, 2015, this Partnership had accrued environmental remediation liabilities of $2,000, which is included in accounts payable and accrued expenses on the condensed balance sheet. This Partnership had no liabilities for environmental remediation efforts as of December 31, 2014.

The Managing General Partner is not currently aware of any environmental claims existing as of June 30, 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)
6 Months Ended
Jun. 30, 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
$
1,702,926

Accretion expense
69,644

Balance at June 30, 2015
1,772,570

Less current portion
(311,505
)
Long-term portion
$
1,461,065


 
The current portion of the asset retirement obligations relates to wells that are producing minimal or no hydrocarbons and are expected to be plugged and abandoned within the next 12 months.
v2.4.1.9
Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year or any future period.
v2.4.1.9
Recent Accounting Standards Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2015
Significant 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 [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. The revenue standard is 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. Entities are permitted to adopt the revenue standard early, beginning with annual reporting periods after December 15, 2016. 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)
6 Months Ended
Jun. 30, 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:

    
 
June 30, 2015
 
December 31, 2014
Crude oil, natural gas and NGLs sales revenues
collected from this Partnership's third-party customers
$
108,497

 
$
219,542

Other (1)
(277,234
)
 
(397,692
)
Total Due to Managing General Partner-other, net
$
(168,737
)
 
$
(178,150
)

(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 that 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 and six months ended June 30, 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 June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 Well operations and maintenance
$
253,327

 
$
214,313

 
$
509,058

 
$
400,850

 Direct costs - general and administrative
33,698

 
26,367

 
55,411

 
62,620

 Cash distributions (1)
39,496

 
276,981

 
123,716

 
584,005


(1)
Cash distributions include $1,377 and $3,898 during the three and six months ended June 30, 2015, respectively, and $6,309 and $12,861 during the three and six months ended June 30, 2014, respectively, related to cash distributions for Investor Partner units repurchased by PDC.
v2.4.1.9
Asset Retirement Obligations Asset Retirement Obligations (Tables)
6 Months Ended
Jun. 30, 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
$
1,702,926

Accretion expense
69,644

Balance at June 30, 2015
1,772,570

Less current portion
(311,505
)
Long-term portion
$
1,461,065


 
The current portion of the asset retirement obligations relates to wells that are producing minimal or no hydrocarbons and are expected to be plugged and abandoned within the next 12 months.
v2.4.1.9
General and Basis of Presentation General and Basis of Presentation (Details) (USD $)
6 Months Ended
Jun. 30, 2015
Number_of_Limited_Partners
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of Investor Partners 1,771pdce_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 95pdce_LimitedPartnerUnitsRepurchasedByManagingGeneralPartner
Average Price Paid for Units Repurchased by Managing General Partner $ 3,339pdce_AveragePricePaidForUnitsRepurchasedByManagingGeneralPartner
Managing General Partner Ownership Interest 38.30%us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
v2.4.1.9
Transactions with Managing General Partner Undistributed or Unsettled Transactions With Investor Partners (Details) (USD $)
Jun. 30, 2015
Dec. 31, 2014
Related Party Transaction    
Due from (to) Managing General Partner-other, net $ (168,737)us-gaap_RelatedPartyTransactionDueFromToRelatedParty $ (178,150)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 108,497us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OilAndGasSalesRevenueCollectedMember
219,542us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OilAndGasSalesRevenueCollectedMember
Other    
Related Party Transaction    
Due from (to) Managing General Partner-other, net $ (277,234)us-gaap_RelatedPartyTransactionDueFromToRelatedParty
/ pdce_RelatedPartyTransactionTypeAxis
= pdce_OtherUnsettledTransactionsMember
[1] $ (397,692)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 that have not been deducted from distributions.
v2.4.1.9
Transactions with Managing General Partner Related Party Transactions (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Related Party Transaction        
Direct costs - general and administrative $ 33,698us-gaap_GeneralAndAdministrativeExpense $ 26,367us-gaap_GeneralAndAdministrativeExpense $ 55,411us-gaap_GeneralAndAdministrativeExpense $ 62,620us-gaap_GeneralAndAdministrativeExpense
Transactions with Managing General Partner        
Related Party Transaction        
Well operations and maintenance 253,327pdce_WellOperationsAndMaintenance
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
214,313pdce_WellOperationsAndMaintenance
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
509,058pdce_WellOperationsAndMaintenance
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
400,850pdce_WellOperationsAndMaintenance
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
Direct costs - general and administrative 33,698us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
26,367us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
55,411us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
62,620us-gaap_GeneralAndAdministrativeExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
Cash distributions 39,496us-gaap_GeneralPartnersCapitalAccountDistributionAmount
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1] 276,981us-gaap_GeneralPartnersCapitalAccountDistributionAmount
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1] 123,716us-gaap_GeneralPartnersCapitalAccountDistributionAmount
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1] 584,005us-gaap_GeneralPartnersCapitalAccountDistributionAmount
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1]
Distribution Made to Limited Partner, Cash Distributions Paid $ 1,377us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
$ 6,309us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
$ 3,898us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
$ 12,861us-gaap_DistributionMadeToLimitedPartnerCashDistributionsPaid
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= pdce_ManagingGeneralPartnerMember
[1] Cash distributions include $1,377 and $3,898 during the three and six months ended June 30, 2015, respectively, and $6,309 and $12,861 during the three and six months ended June 30, 2014, respectively, related to cash distributions for Investor Partner units repurchased by PDC.
v2.4.1.9
Commitments and Contingencies Commitments and Contingencies (Details) (USD $)
Jun. 30, 2015
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]    
Accrued environmental remediation liabilities $ 2,000us-gaap_AccruedEnvironmentalLossContingenciesCurrent $ 0us-gaap_AccruedEnvironmentalLossContingenciesCurrent
v2.4.1.9
Asset Retirement Obligations Asset Retirement Obligations (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Changes in asset retirement obligations          
Balance at December 31, 2014     $ 1,702,926us-gaap_AssetRetirementObligation    
Accretion Expense 35,177us-gaap_AssetRetirementObligationAccretionExpense 18,264us-gaap_AssetRetirementObligationAccretionExpense 69,644us-gaap_AssetRetirementObligationAccretionExpense 36,177us-gaap_AssetRetirementObligationAccretionExpense  
Balance at June 30, 2015 1,772,570us-gaap_AssetRetirementObligation   1,772,570us-gaap_AssetRetirementObligation    
Less current portion (311,505)us-gaap_AssetRetirementObligationCurrent   (311,505)us-gaap_AssetRetirementObligationCurrent   0us-gaap_AssetRetirementObligationCurrent
Long-term portion $ 1,461,065us-gaap_AssetRetirementObligationsNoncurrent   $ 1,461,065us-gaap_AssetRetirementObligationsNoncurrent   $ 1,702,926us-gaap_AssetRetirementObligationsNoncurrent