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Previous: MARTIN INDUSTRIES INC /DE/, 10-Q, 1996-11-12 |
Next: WALNUT FINANCIAL SERVICES INC, 10-Q, 1996-11-12 |
<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 September 30, 1996
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. 033-90480
MEWBOURNE ENERGY PARTNERS 96-A, L.P.
------------------------------------
Delaware 75-2646003
- ------------------------- ------------------
(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 96-A, L. P.
Part I - Financial Information
ITEM 1. FINANCIAL STATEMENTS
BALANCE SHEET
September 30, 1996
(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 96-A, L. P.
STATEMENT OF PARTNERS' CAPITAL
for the period April 11, 1996 (date of inception)
through September 30, 1996
(Unaudited)
<TABLE>
<CAPTION>
Limited & Managing
General General
Partners Partner Total
-------- ------- ---------
<S> <C> <C> <C>
Partners' capital at April 11,
1996 (date of organization) $ - $ - $ -
Contributions $ 100 $ - $ 100
----- ---- -----
Partners' capital at
September 30, 1996 $ 100 $ - $ 100
===== ==== =====
</TABLE>
The accompanying notes are an integral
part of the financial statements.
3
<PAGE> 4
MEWBOURNE ENERGY PARTNERS 96-A, L. P.
STATEMENT OF CASH FLOWS
for the period April 11, 1996 (date of inception)
through September 30, 1996
(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 96-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 96-A, L.P. (the "Registrant") was formed
April 11, 1996. On September 30, 1996, the only financial activity
that had occurred was the receipt of the Organizational Partner's
contribution of $100.00. The offering of limited and general
partnership interest began on June 27, 1996. As of November 6, 1996,
interests aggregating $3,394,000 had been sold to 137 subscribers of
which $3,151,000 were sold to 126 subscribers as general partners
interests and $243,000 were sold to 11 subscribers as limited partners
interests.
3. From the period commencing April 11, 1996 to September 30, 1996, the
Registrant conducted no business activity. Therefore, there are no
items of income or expense for the reporting period, and 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 96-A, L.P. was formed April 11, 1996. Mewbourne
Development Corporation is the Managing Partner, and has the power and
authority to manage, control and administer all partnership affairs. On
September 30, 1996, the only financial activity which had occurred was the
receipt of the Organizational Partner's contribution of $100.00. The offering
of limited and general partnership interest began on June 27, 1996. As of
November 6, 1996, interests aggregating $3,394,000 had been sold to 137
subscribers of which $3,151,000 were sold to 126 subscribers as general
partners interests and $243,000 were sold to 11 subscribers as limited
partners interests.
RESULTS OF OPERATIONS
The Registrant had not commenced operations prior to the period ending
September 30, 1996, therefore, no trend analysis based on quarterly changes in
results of operations is available.
LIQUIDITY AND CAPITAL RESOURCES
The Registrant was formed on April 11, 1996, and the Organizational Partner
contributed $100.00 in cash to the Registrants's capital. During the period
after formation that ended September 30, 1996, 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 96-A, L.P.
By: Mewbourne Development Corporation
Managing General Partner
Date: November 6, 1996 By: /s/ J. ROE BUCKLEY
--------------------------
J. Roe Buckley, Treasurer
and Chief Financial Officer
7
<PAGE> 8
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
27 - Financial Data Schedule
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> APR-11-1996
<PERIOD-END> SEP-30-1996
<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
<COMMON> 0
0
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>
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