Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2023

The Partnership participates in oil and natural gas activities through the Program. The Partnership and MD are the parties to the Program, and the costs and revenues are allocated between them as follows:

	Partnership		MD ⁽¹⁾
Revenues:
Proceeds from disposition of depreciable and depletable properties	75	%	25	%
All other revenues	75	%	25	%
Costs and expenses:
Organization and offering costs ⁽¹⁾	0	%	100	%
Lease acquisition costs ⁽¹⁾	0	%	100	%
Tangible and intangible drilling costs ⁽¹⁾	100	%	0	%
Reporting and legal expenses	100	%	0	%
Operating costs, general and administrative expenses (except for reporting and legal expenses) and all other costs	75	%	25	%

(1)

As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which should approximate 15% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 15% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program’s total capital costs reaches approximately 15%. The Partnership’s financial statements reflect its respective proportionate interest in the Program.

Mewbourne Energy Partners 10-A, L.P. 10-Q