8-K/A 1 geo3july.txt CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2004 GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E --------------------------------------------------------- (Exact name of Registrant as specified in its Charter) III-D: 0-18936 III-D 73-1357374 Oklahoma III-E: 0-19010 III-E 73-1367188 --------------- --------------- -------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File No.) Identification No.) incorporation) Two West Second Street, Tulsa, Oklahoma 74103 ------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:(918) 583-1791 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d- 2(b) under the Exchange Act (17 CRF 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e- 4(c) under the Exchange Act (17 CRF 240.13e-4(c)) -1- The undersigned registrant hereby amends the following items, financial statements and exhibits of its Current Report on Form 8-K dated May 12, 2004, as set forth in the pages attached hereto. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (B) Unaudited Pro Forma Financial Statements (1) Pro Forma Balance Sheet as of March 31, 2004. (2) Pro Forma Statement of Operations for the three months ended March 31, 2004. (3) Pro Forma Statement of Operations for the year ended December 31, 2003. (4) Pro Forma Statement of Operations for the year ended December 31, 2002. (5) Pro Forma Statement of Operations for the year ended December 31, 2001. -2- ITEM 7. UNAUDITED FINANCIAL STATEMENTS AND EXHIBITS (b) Pro Forma Financial Information UNAUDITED PRO FORMA FINANCIAL DATA ---------------------------------- The following unaudited pro forma balance sheet as of March 31, 2004, unaudited pro forma statements of operations for the three months ended March 31, 2004, and the unaudited pro forma statements of operations for the years ended December 31, 2003, 2002 and 2001 give effect to the divestiture of the Jay-Little Escambia Creek Field Unit ("Jay Field") properties located in Santa Rosa County, Florida described in the 8-K dated May 12, 2004. The unaudited pro forma balance sheet is presented as if the divestiture had occurred on March 31, 2004. The unaudited pro forma statements of operations are presented as if the divestiture had occurred on January 1, 2001. The unaudited pro forma financial data is based on assumptions and includes adjustments as explained in the notes to the unaudited pro forma financial statements. The actual recording of the transactions could differ. -3- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D UNAUDITED PRO FORMA BALANCE SHEET MARCH 31, 2004 ASSETS

-4- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D UNAUDITED PRO FORMA BALANCE SHEET MARCH 31, 2004 LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

-5- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2004 Sale of Historical Jay Field Pro Forma (Note 1) ---------- ----------- ---------- REVENUES: Oil and gas sales $503,917 $ - $503,917 Interest income 448 - 448 Gain on sale of oil and gas properties 19 - 19 -------- -------- -------- $504,384 $ - $504,384 EXPENSES: Lease operating $ 79,102 $ - $ 79,102 Production tax 36,072 - 36,072 Depreciation, depletion, and amortization of oil and gas properties 23,436 - 23,436 General and administrative 41,968 - 41,968 -------- -------- -------- $180,578 $ - $180,578 -------- -------- -------- INCOME FROM CONTINUING OPERATIONS $323,806 $ - $323,806 ======== ======== ======== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 34,445 $ - $ 34,445 ======== ======== ======== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $289,361 $ - $289,361 ======== ======== ======== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 2.21 $ - $ 2.21 ======== ======== ======== UNITS OUTSTANDING 131,008 131,008 131,008 ======== ======== ======== -6- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2003 Sale of Historical Jay Field Pro Forma (Note 2) ---------- ----------- ---------- REVENUES: Oil and gas sales $2,513,778 ($399,182) $2,114,596 Interest income 2,723 - 2,723 Gain on sale of oil and gas properties 10,701 - 10,701 ---------- -------- ---------- $2,527,202 ($399,182) $2,128,020 EXPENSES: Lease operating $ 612,216 ($231,165) $ 381,051 Production tax 178,557 ( 31,178) 147,379 Depreciation, depletion, and amortization of oil and gas properties 122,507 ( 25,483) 97,024 General and administrative 167,388 - 167,388 ---------- -------- ---------- $1,080,668 ($287,826) $ 792,842 ---------- -------- ---------- INCOME FROM CONTINUING OPERATIONS $1,446,534 ($111,356) $1,335,178 ========== ======== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 155,407 ($ 13,429) $ 141,978 ========== ======== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $1,291,127 ($ 97,927) $1,193,200 ========== ======== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 9.86 ($ .75) $ 9.11 ========== ======== ========== UNITS OUTSTANDING 131,008 131,008 131,008 ========== ======== ========== -7- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2002 Sale of Historical Jay Field Pro Forma (Note 2) ---------- ----------- ---------- REVENUES: Oil and gas sales $1,976,714 ($353,220) $1,623,494 Interest income 1,879 - 1,879 Gain on sale of oil and gas properties 15,250 - 15,250 ---------- -------- ---------- $1,993,843 ($353,220) $1,640,623 EXPENSES: Lease operating $ 739,840 ($294,962) $ 444,878 Production tax 141,082 ( 25,846) 115,236 Depreciation, depletion, and amortization of oil and gas properties 149,360 ( 10,035) 139,325 General and administrative 164,911 - 164,911 ---------- -------- ---------- $1,195,193 ($330,843) $ 864,350 ---------- -------- ---------- INCOME FROM CONTINUING OPERATIONS $ 798,650 ($ 22,377) $ 776,273 ========== ======== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 93,120 ($ 3,141) $ 89,979 ========== ======== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $ 705,530 ($ 19,236) $ 686,294 ========== ======== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 5.39 ($ .15) $ 5.24 ========== ======== ========== UNITS OUTSTANDING 131,008 131,008 131,008 ========== ======== ========== -8- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2001 Sale of Historical Jay Field Pro Forma (Note 2) ---------- ----------- ---------- REVENUES: Oil and gas sales $2,912,359 ($487,869) $2,424,490 Interest income 20,356 - 20,356 Gain on sale of oil and gas properties 7,258 - 7,258 ---------- -------- ---------- $2,939,973 ($487,869) $2,452,104 EXPENSES: Lease operating $ 715,289 ($257,042) $ 458,247 Production tax 199,382 ( 31,925) 167,457 Depreciation, depletion, and amortization of oil and gas properties 125,449 ( 3,799) 121,650 General and administrative 162,783 - 162,783 ---------- -------- ---------- $1,202,903 ($292,766) $ 910,137 ---------- -------- ---------- INCOME FROM CONTINUING OPERATIONS $1,737,070 ($195,103) $1,541,967 ========== ======== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 107,057 ($ 13,217) $ 93,840 ========== ======== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $1,630,013 ($181,886) $1,448,127 ========== ======== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 12.44 ($ 1.39) $ 11.05 ========== ======== ========== UNITS OUTSTANDING 131,008 131,008 131,008 ========== ======== ========== -9- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E UNAUDITED PRO FORMA BALANCE SHEET MARCH 31, 2004 ASSETS

-10- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E UNAUDITED PRO FORMA BALANCE SHEET MARCH 31, 2004 LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

-11- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2004 Sale of Historical Jay Field Pro Forma (Note 1) ---------- ----------- ---------- REVENUES: Oil and gas sales $1,136,092 $ - $1,136,092 Interest income 1,470 - 1,470 ---------- -------- ---------- $1,137,562 $ - $1,137,562 EXPENSES: Lease operating $ 234,805 $ - $ 234,805 Production tax 76,386 - 76,386 Depreciation, depletion, and amortization of oil and gas properties 34,788 - 34,788 General and administrative 123,032 - 123,032 ---------- -------- ---------- $ 469,011 $ - $ 469,011 ---------- -------- ---------- INCOME FROM CONTINUING OPERATIONS $ 668,551 $ - $ 668,551 ========== ======== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 69,839 $ - $ 69,839 ========== ======== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $ 598,712 $ - $ 598,712 ========== ======== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 1.43 $ - $ 1.43 ========== ======== ========== UNITS OUTSTANDING 418,266 418,266 418,266 ========== ======== ========== -12- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2003 Sale of Historical Jay Field Pro Forma (Note 2) ---------- ----------- ---------- REVENUES: Oil and gas sales $7,321,216 ($2,848,673) $4,472,543 Interest income 5,786 - 5,786 Gain on sale of oil and gas properties 76,301 - 76,301 ---------- ---------- ---------- $7,403,303 ($2,848,673) $4,554,630 EXPENSES: Lease operating $2,697,234 ($1,649,756) $1,047,478 Production tax 500,810 ( 222,493) 278,317 Depreciation, depletion, and amortization of oil and gas properties 412,149 ( 190,968) 221,181 General and administrative 487,927 - 487,927 ---------- ---------- ---------- $4,098,120 ($2,063,217) $2,034,903 ---------- ---------- ---------- INCOME FROM CONTINUING OPERATIONS $3,305,183 ($ 785,456) $2,519,727 ========== ========== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 367,033 ($ 95,733) $ 271,300 ========== ========== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $2,938,150 ($ 689,723) $2,248,427 ========== ========== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 7.02 ($ 1.64) $ 5.38 ========== ========== ========== UNITS OUTSTANDING 418,266 418,266 418,266 ========== ========== ========== -13- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2002 Sale of Historical Jay Field Pro Forma (Note 2) ---------- ----------- ---------- REVENUES: Oil and gas sales $5,376,000 ($2,516,918) $2,859,082 Interest income 2,779 - 2,779 ---------- ---------- ---------- $5,378,779 ($2,516,918) $2,861,861 EXPENSES: Lease operating $3,228,739 ($2,105,562) $1,123,177 Production tax 345,919 ( 184,209) 161,710 Depreciation, depletion, and amortization of oil and gas properties 392,936 ( 78,103) 314,833 General and administrative 484,967 - 484,967 ---------- ---------- ---------- $4,452,561 ($2,367,874) $2,084,687 ---------- ---------- ---------- INCOME FROM CONTINUING OPERATIONS $ 926,218 ($ 149,044) $ 777,174 ========== ========== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 127,708 ($ 21,934) $ 105,774 ========== ========== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $ 798,510 ($ 127,110) $ 671,400 ========== ========== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 1.91 ($ .30) $ 1.61 ========== ========== ========== UNITS OUTSTANDING 418,266 418,266 418,266 ========== ========== ========== -14- GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E UNAUDITED PRO FORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2001 Sale of Historical Jay Field Pro Forma (Note 2) ---------- ----------- ---------- REVENUES: Oil and gas sales $8,238,544 ($3,485,685) $4,752,859 Interest income 53,027 - 53,027 Gain on sale of oil and gas properties 55,511 - 55,511 ---------- ---------- ---------- $8,347,082 ($3,485,685) $4,861,397 EXPENSES: Lease operating $2,974,088 ($1,947,051) $1,027,037 Production tax 537,153 ( 228,096) 309,057 Depreciation, depletion, and amortization of oil and gas properties 350,179 ( 27,096) 323,083 General and administrative 479,763 - 479,763 ---------- ---------- ---------- $4,341,183 ($2,202,243) $2,138,940 ---------- ---------- ---------- INCOME FROM CONTINUING OPERATIONS $4,005,899 ($1,283,442) $2,722,457 ========== ========== ========== GENERAL PARTNER - NET INCOME FROM CONTINUING OPERATIONS $ 261,289 ($ 89,058) $ 172,231 ========== ========== ========== LIMITED PARTNERS - NET INCOME FROM CONTINUING OPERATIONS $3,744,610 ($1,194,384) $2,550,226 ========== ========== ========== NET INCOME FROM CONTINUING OPERATIONS per Unit $ 8.95 ($ 2.85) $ 6.10 ========== ========== ========== UNITS OUTSTANDING 418,266 418,266 418,266 ========== ========== ========== -15- NOTES TO THE UNAUDITED PRO FORMA BALANCE SHEET The Unaudited Pro Forma Balance Sheet is presented as if the divestiture had occurred on March 31, 2004. (Note 1) To reduce current assets and liabilities for Jay Field assets and liabilities sold. (Note 2) To adjust cash and cash equivalents to reflect sales proceeds of $88,856 and $632,221, respectively, for the III-D and III-E Partnerships. The non-recurring gain on sale of $11,354 and $95,799, respectively, for the III-D and III-E Partnerships has been reflected in the unaudited pro forma balance sheet and will be reflected in the historical financial statements when the transaction is consummated. -16- NOTES TO THE UNAUDITED PRO FORMA STATEMENTS OF OPERATIONS The Unaudited Pro Forma Statements of Operations are presented as if the divestiture had occurred on January 1, 2001. (Note 1) The Jay Field sale was accounted for as a discontinued operation in the Form 10-Q for the three months ended March 31, 2004. Therefore, there are no adjustments to income from continuing operations for the three months ended March 31, 2004. (Note 2) To adjust oil and gas production revenues, lease operating and production taxes, and depreciation, depletion and amortization as if the divestiture had occurred on January 1, 2001. -17- SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-D GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-E Date: July 13, 2004 By: /s/ Dennis R. Neill ----------------------------- (Signature) Dennis R. Neill President -18-

GEODYNE ENERGY INCOME LTD PARTNERSHIP III-D 8-K/A