<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1998
or
[ ] TRANSITION REPORT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _________ to _________
COMMISSION FILE NO. 333-46843
MEWBOURNE ENERGY PARTNERS 98-A, L.P.
------------------------------------
Delaware 75-2743955
------------------------------- ----------------------
(State or jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
3901 South Broadway, Tyler, Texas 75701
----------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code:(903) 561-2900
Not Applicable
(Former name, former address and former fiscal year, if
changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [X] Yes [ ] No
1
<PAGE> 2
MEWBOURNE ENERGY PARTNERS 98-A, L. P.
Part I - Financial Information
ITEM 1. FINANCIAL STATEMENTS
BALANCE SHEET
June 30, 1998
(Unaudited)
<TABLE>
<S> <C>
ASSETS
Cash $ 100
-----
Total assets $ 100
=====
PARTNERS' CAPITAL
Partners' capital $ 100
-----
Total Partners' capital $ 100
=====
</TABLE>
The accompanying notes are an integral
part of the financial statements.
2
<PAGE> 3
MEWBOURNE ENERGY PARTNERS 98-A, L. P.
STATEMENT OF PARTNERS' CAPITAL
for the period January 27, 1998 (date of inception)
through June 30, 1998
(Unaudited)
<TABLE>
<CAPTION>
Limited & Managing
General General
Partners Partner Total
-------- -------- -------
<S> <C> <C> <C>
Partners' capital at January 27,
1998 (date of Inception) $ - $ - $ -
Contributions $ 100 $ - $ 100
------ ------ -----
Partners' capital at
June 30, 1998 $ 100 $ - $ 100
====== ====== =====
</TABLE>
The accompanying notes are an integral part of
the financial statements.
3
<PAGE> 4
MEWBOURNE ENERGY PARTNERS 98-A, L. P.
STATEMENT OF CASH FLOWS
for the period January 27, 1998 (date of inception)
through June 30, 1998
(Unaudited)
<TABLE>
<S> <C>
Cash flows from financing activities:
Capital contributions from partners $ 100
-----
Cash, end of period $ 100
=====
</TABLE>
The accompanying notes are an integral
part of the financial statements.
4
<PAGE> 5
MEWBOURNE ENERGY PARTNERS 98-A, L.P.
NOTES TO FINANCIAL STATEMENTS
(Unaudited)
1. The financial statements reflect all adjustments which are, in the
opinion of management, necessary for a fair statement of results. All
adjustments are of a normal recurring nature.
2. Mewbourne Energy Partners 98-A, L.P. (the "Registrant") was
formed January 27, 1998. As of June 30, 1998, the only
financial activity that had occurred was the receipt of the
organizational contribution of $100. The offering of limited
and general partnership interests began on May 14, 1998. As
of August 3, 1998, interests aggregating $126,000 had been
sold to 8 subscribers as general partner interests. No
limited partner interest had been sold as of August 3, 1998.
3. From the period commencing January 27, 1998 to June 30, 1998, the
Registrant conducted no business activity. Therefore, there are no
items of income or expense for the reporting period and, accordingly a
statement of income is not provided.
5
<PAGE> 6
ITEM 2. MANAGEMENTS'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Mewbourne Energy Partners 98-A, L.P. was formed January 27, 1998. Mewbourne
Development Corporation is the Managing Partner, and has the power and authority
to manage, control and administer all partnership affairs. As of June 30, 1998,
the only financial activity which had occurred was the receipt of the
organizational contribution of $100. The offering of limited and general
partnership interests began on May 14, 1998. As of August 3, 1998, interests
aggregating $126,000 had been sold to 8 subscribers as general partner
interests. No limited partner interest had been sold as of August 3, 1998.
RESULTS OF OPERATIONS
The Registrant had not commenced operations prior to the period ended June 30,
1998, therefore, no trend analysis based on quarterly changes in results of
operations is available.
LIQUIDITY AND CAPITAL RESOURCES
The Registrant was formed on January 27, 1998, and the organizational
contribution of $100 in cash was contributed to the Registrants's capital.
During the period after formation that ended June 30, 1998, there was no
increase in cash and there were no distributions to partners.
Part II - Other Information
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits - 27 Financial Data Schedule
(b) Reports on Form 8-K - none
6
<PAGE> 7
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MEWBOURNE ENERGY PARTNERS 98-A, L.P.
By: Mewbourne Development Corporation
Managing General Partner
Date: August 3, 1998 By: /s/ J. Roe Buckley
---------------------------------
J. Roe Buckley, Treasurer
and Chief Financial Officer
7
<PAGE> 8
Index to Exhibits
Exhibit No. Description
----------- -----------
27 Financial Data Schedule
8
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-27-1998
<PERIOD-END> JUN-30-1998
<CASH> 100
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 100
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 100
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 100
<TOTAL-LIABILITY-AND-EQUITY> 100
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
