ITEM 1. Business
Mewbourne Energy Partners 05-A, L.P. (the “Registrant” or the “Partnership”) is a limited partnership organized under the laws of the State of Delaware on February 14, 2005 (date of inception). Its managing general partner is Mewbourne Development Corporation, a Delaware corporation (“MD”).
A Registration Statement was filed pursuant to the Securities Act of 1933, as amended, registering limited and general partnership interests in a series of two Delaware limited partnerships formed under Mewbourne Energy 04-05 Drilling Programs. General and limited partnership interests were offered at $1,000 each. The maximum offering amount was $30,000,000 (30,000 interests) per partnership. The Registrant was declared effective by the Securities and Exchange Commission on June 1, 2005. On July 29, 2005, the offering of limited and general partnership interests in the Registrant was closed, with interests aggregating $30,000,000 originally being sold to 1,128 subscribers of which $26,844,000 were sold to 998 subscribers as general partner interests and $3,156,000 were sold to 130 subscribers as limited partner interests.
The Registrant engages primarily in oil and gas development and production and is not involved in any other industry segment. See the selected financial data in Item 6 and the financial statements in Item 8 of this report for a summary of the Registrant’s revenue, income and identifiable assets.
The sale of crude oil and natural gas produced by the Registrant will be affected by a number of factors that are beyond the Registrant’s control. These factors include the price of crude oil and natural gas, the fluctuating supply of and demand for these products, competitive fuels, refining, transportation, extensive federal and state regulations governing the production and sale of crude oil and natural gas, and other competitive conditions. It is impossible to predict with any certainty the future effect of these factors on the Registrant.
The Registrant does not have long-term contracts with purchasers of its crude oil or natural gas. The market for crude oil is such that the Registrant anticipates it will be able to sell all the crude oil it can produce. Natural gas will be sold to local distribution companies, gas marketers and end users on the spot market. The spot market reflects immediate sales of natural gas without long-term contractual commitments. The future market condition for natural gas cannot be predicted with any certainty, and the Registrant may experience delays in marketing natural gas production and fluctuations in natural gas prices.
Many aspects of the Registrant’s activities are highly competitive including, but not limited to, the acquisition of suitable drilling prospects and the procurement of drilling and related oil field equipment, and are subject to governmental regulation, both at Federal and state levels. The Registrant’s ability to compete depends on its financial resources and on the managing general partner’s staff and facilities, none of which are significant in comparison with those of the oil and gas exploration, development and production industry as a whole. Federal and state regulation of oil and gas operations generally includes drilling and spacing of wells on producing acreage, the imposition of maximum allowable production rates, the taxation of income and other items, and the protection of the environment.
The Registrant does not have any employees of its own. MD is responsible for all management functions. Mewbourne Oil Company (“MOC”), a wholly owned subsidiary of Mewbourne Holdings, Inc., which is also the parent of the Registrant’s managing general partner, has been appointed Program Manager and is responsible for activities in accordance with a Drilling Program Agreement entered into by the Registrant, MD and MOC. At March 30, 2006, MOC employed 157 persons, many of whom dedicated a part of their time to the conduct of the Registrant’s business during the period for which this report is filed.
The production of oil and gas is not considered subject to seasonal factors although the price received by the Registrant for natural gas sales will generally tend to increase during the winter months. Order backlog is not pertinent to the Registrant’s business.
ITEM 2.
ITEM 2. Properties
The Registrant’s properties consist primarily of leasehold interests in properties on which oil and gas wells-in-progress are located. Such property interests are often subject to landowner royalties, overriding royalties and other oil and gas leasehold interests.
Fractional working interests in developmental oil and gas prospects located primarily in the Anadarko Basin of Western Oklahoma, the Texas Panhandle, and the Permian Basin of New Mexico and West Texas, were acquired by the Registrant, resulting in the Registrant’s participation in the drilling of oil and gas wells. At December 31, 2005, 22 wells had been drilled and were productive and 1 well had been drilled and abandoned. The following table summarizes the Registrant’s drilling activity for the period from February 14, 2005 (date of inception) through December 31, 2005:
ITEM 3.
ITEM 3. Legal Proceedings
The Registrant is not aware of any pending legal proceedings to which it is a party.
ITEM 4.
ITEM 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of security holders during the period ended December 31, 2005 covered by this report.
PART II
ITEM 5.
ITEM 5. Market for Registrant’s Common Equity and Related Stockholder Matters
At March 30, 2006, the Registrant had 30,000 outstanding limited and general partnerships interests held of record by 1,128 subscribers. There is no established public or organized trading market for the limited and general partner interests.
Revenues which, in the sole judgment of the managing general partner, are not required to meet the Registrant’s obligations will be distributed to the partners at least quarterly in accordance with the Registrant’s Partnership Agreement. No distributions have been made to limited and general partners for the period from February 14, 2005 (date of inception) through December 31, 2005.
ITEM 6.
ITEM 6. Selected Financial Data
The following table sets forth selected financial data for the period from February 14, 2005 (date of inception) through December 31, 2005:
ITEM 7.
ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
General
The Registrant was organized as a Delaware limited partnership on February 14, 2005. The offering of limited and general partnership interests began June 1, 2005 as a part of an offering registered under the name Mewbourne Energy Partners 04-05 Drilling Programs. The offering of limited and general partner interests in the Registrant concluded July 29, 2005, with total investor partner contributions of $30,000,000.
The Registrant was formed to engage primarily in the business of drilling development wells, to produce and market crude oil and natural gas produced from such properties, to distribute any net proceeds from operations to the general and limited partners and to the extent necessary, acquire leases which contain drilling prospects. The economic life of the Registrant depends on the period over which the Registrant’s oil and gas reserves are economically recoverable.
Results of Operations
Because the Registrant was formed during the period covered by this report, no trend analysis based on yearly changes in liquidity, capital resources or results of operations is available.
Revenues and other income for the period from February 14, 2005 (date of inception) through December 31, 2005 totaled $1,121,445, and consisted of oil and gas sales in the amount of $752,052, and interest income in the amount of $369,393. Gas production volumes during the period ended December 31, 2005 amounted to approximately 80,706 Mcf of gas at a corresponding average realized price of $9.25 per Mcf of gas. Oil production volumes during the period ended December 31, 2005 amounted to approximately 97 Bbls of oil at a corresponding average realized price of $55.33 per Bbl of oil. Expenses totaling $320,515, consisted primarily of depreciation, depletion and amortization in the amount of $235,148. Lease operating expenses totaled $18,726. Production taxes were $58,674. Administrative and general expenses were $7,637. Asset retirement obligation accretion expenses were $330. At December 31, 2005, 22 wells had been drilled and were productive and 1 well had been drilled and was abandoned. The Registrant’s oil and gas revenues should increase during 2006 as additional wells are completed and oil and gas production is sold. Interest income should decrease in 2006 as the remaining wells are drilled and the available cash is utilized for equipping of such wells. The Registrant expects that drilling and completion costs will decrease during 2006 and that lease operating cost and depletion provisions will increase.
Liquidity and capital resources
Cash and cash equivalents were $12,773,922 at December 31, 2005. Approximately $15,039,711 of the net initial partners’ capital of $27,450,000 was used for drilling and completion and prepaid well costs. Capital requirements in the future are expected to be paid with remaining cash on hand. Management believes that funds are sufficient to complete the wells for which funds have been committed. Management expects these wells to be drilled in 2006. Under certain circumstances, as provided in the Registrant’s Partnership Agreement, the Registrant may use revenues and/or borrow monies, either through a financial institution or through an affiliate of MD, to fund additional capital requirements. Revenues which, in the sole judgment of the managing general partner, are not required to meet the Registrant’s obligations will be distributed to the partners at least quarterly in accordance with the Registrant’s Partnership Agreement.
Critical Accounting Policies
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Significant estimates inherent in the Registrant’s financial statements include the estimate of oil and gas reserves and future abandonment costs as reported in the footnotes to the financial statements. Changes in oil and gas prices, changes in production estimates and the success or failure of future development activities could have a significant effect on reserve estimates. The reserve estimates directly impact the computation of depreciation, depletion, and amortization, asset retirement obligation, and the ceiling test for the Registrant’s oil and gas properties.
The Registrant follows the full-cost method of accounting for its oil and gas activities. Under the full-cost method, all productive and non-productive costs incurred in the acquisition, exploration and development of oil and gas properties are capitalized. Depreciation, depletion and amortization of oil and gas properties subject to amortization is computed on the units-of-production method based on the proved reserves underlying the oil and gas properties. Oil and gas properties are subject to a quarterly ceiling test that limits such costs to the aggregate of the present value of future net cash flows of proved reserves and the lower of cost or fair value of unproved properties. The present value of future net cash flows has been prepared assuming year-end selling prices, year-end development and production costs and a 10 percent annual discount rate.
All financing activities of the Registrant are reported in the financial statements. The Registrant does not engage in any off-balance sheet financing arrangements.
Asset Retirement Obligations
In accordance with FAS 143, the Partnership has recognized an estimated liability for future plugging and abandonment costs. The estimated liability is based on historical experience and estimated well life. The liability is discounted using the credit-adjusted risk-free rate. Revisions to the liability could occur due to changes in well plugging and abandonment costs or well useful lives, or if federal or state regulators enact new well restoration requirements. The Partnership recognizes accretion expense in connection with the discounted liability over the remaining life of the well.
A reconciliation of the Partnership’s liability for well plugging and abandonment costs for the period from February 14, 2005 (date of inception) through December 31, 2005, is as follows:
Organization and Related Party Transactions
The Partnership was organized on February 14, 2005. Mewbourne Development Corporation (MD) is managing general partner and Mewbourne Oil Company (MOC) is operator of oil and gas properties owned by the Partnership. Mewbourne Holdings, Inc. is the parent of both MD and MOC. Substantially all transactions are with MD and MOC.
In the ordinary course of business, MOC will incur certain costs that will be passed on to well owners of the well for which the costs were incurred. The partnership will receive their portion of these costs based upon their ownership in each well incurring the costs. These costs are referred to as operator charges and are standard and customary in the oil and gas industry. Operator charges include recovery of gas marketing costs, fixed rate overhead, supervision, pumping, and equipment furnished by the operator. Reimbursement to MOC for operator charges totaled $219,467 for the period from February 14, 2005 (date of inception) through December 31, 2005. Operator charges are billed in accordance with the program and partnership agreements.
In consideration for services rendered by MD in managing the business of the partnership, the partnership during each of the initial three years of the partnership will pay to MD a management fee in the amount equal to 1% of the subscriptions by the investor partners to the partnership. Management fees were not allocated to the Partnership for the period from February 14, 2005 (date of inception) through December 31, 2005.
In general, during any particular calendar year, the total amount of administrative expenses allocated to the Partnership by MOC shall not exceed the greater of (a) 3.5% of the Partnership’s gross revenue from the sale of oil and natural gas production during each year (calculated without any deduction for operating costs or other costs and expenses) or (b) the sum of $50,000 plus .25% of the capital contributions of limited and general partners.
The Partnership participates in oil and gas activities through a Drilling Program Agreement (the “Program”). The Partnership and MD are parties to the Program. The costs and revenues of the Program are allocated to MD and the Partnership as follows:
(1) The Partnership will pay sales commissions and due diligence fees of 8% and 0.5%, respectively, of the capital contributions initially made by investor partners in exchange for their respective interests.
(2) As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which approximate 20% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 20% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program’s total capital costs reaches approximately 20%.
The Partnership’s financial statements reflect its respective proportionate interest in the Program.
ITEM 8.
ITEM 8. Financial Statements and Supplementary Data
The required financial statements of the Registrant are contained in a separate section of this report following the signature attestation. See “Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K”.
ITEM 9.
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
ITEM 9A.
ITEM 9A. Controls and Procedures
MD maintains a system of controls and procedures designed to provide reasonable assurance as to the reliability of the financial statements and other disclosures included in this report, as well as to safeguard assets from unauthorized use or disposition. Within 90 days prior to the filing of this report, MD’s Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of the design and operation of it’s disclosure controls and procedures with the assistance and participation of other members of management. Based upon that evaluation, MD’s Chief Executive Officer and Chief Financial Officer concluded that it’s disclosure controls and procedures are effective for gathering, analyzing and disclosing the information the Partnership is required to disclose in the reports it files under the Securities Exchange Act of 1934 within the time periods specified in the SEC’s rules and forms. There have been no significant changes in MD’s internal controls or in other factors which could significantly affect internal controls subsequent to the date MD carried out its evaluation.
PART III
ITEM 10.
ITEM 10. Directors and Executive Officers of the Registrant
The Registrant does not have any officers or directors. Under the Registrant’s Partnership Agreement, the Registrant’s managing partner, MD, is granted the exclusive right and full authority to manage, control and administer the Registrant’s business. MD is a wholly owned subsidiary of Mewbourne Holdings, Inc.
Set forth below are the names, ages and positions of the directors and executive officers of MD, the Registrant’s managing general partner. Directors of MD are elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified.
Name
Age as of
December 31,
Position
Curtis W. Mewbourne
President and Director
J. Roe Buckley
Vice President and Chief Financial Officer
Alan Clark
Treasurer
Michael F. Shepard
Secretary and General Counsel
Dorothy M. Cuenod
Assistant Secretary and Director
Ruth M. Buckley
Assistant Secretary and Director
Julie M. Greene
Assistant Secretary and Director
Curtis W. Mewbourne, age 70, formed Mewbourne Holdings, Inc. in 1965 and serves as Chairman of the Board and President of Mewbourne Holdings, Inc., MD and MOC. He has operated as an independent oil and gas producer for the past 41 years. Mr. Mewbourne received a Bachelor of Science Degree in Petroleum Engineering from the University of Oklahoma in 1957. Mr. Mewbourne is the father of Dorothy M. Cuenod, Ruth M. Buckley, and Julie M. Greene and the father-in-law of J. Roe Buckley.
J. Roe Buckley, age 43, joined Mewbourne Holdings, Inc. in July, 1990 and serves as Vice President and Chief Financial Officer of both MD and MOC. Mr. Buckley was employed by Mbank Dallas from 1985 to 1990 where he served as a commercial loan officer. He received a Bachelor of Arts in Economics from Sewanee in 1984. Mr. Buckley is the son-in-law of Curtis W. Mewbourne and is married to Ruth M. Buckley. He is also the brother-in-law of Dorothy M. Cuenod and Julie M. Greene.
Alan Clark, age 53, joined MOC in 1979 and serves as Treasurer and Controller of both MD and MOC. Prior to joining MOC, Mr. Clark was employed by Texas Oil and Gas Corporation as Assistant Supervisor of joint interest accounting from 1976 to 1979. Mr. Clark has served in several accounting/finance positions with MOC prior to his current assignment. Mr. Clark received a Bachelor of Business Administration from the University of Texas at Arlington.
Michael F. Shepard, age 59, joined MOC in 1986 and serves as Secretary and General Counsel of MD. He has practiced law exclusively in the oil and gas industry since 1979 and formerly was counsel with Parker Drilling Company and its Perry Gas subsidiary for seven years. Mr. Shepard holds the Juris Doctor degree from the University of Tulsa where he received the National Energy Law and Policy Institute award as the outstanding graduate in the Energy Law curriculum. He received a B.A. degree, magna cum laude, from the University of Massachusetts in 1976. Mr. Shepard is a member of the bar in Texas and Oklahoma.
Dorothy M. Cuenod, age 45, received a B.A. degree in Art History from The University of Texas and a Masters of Business Administration Degree from Southern Methodist University. Since 1984 she has served as a Director and Assistant Secretary of both MD and MOC. Ms. Cuenod is the daughter of Curtis W. Mewbourne and is the sister of Ruth M. Buckley and Julie M. Greene. She is also the sister-in-law of J. Roe Buckley.
Ruth M. Buckley, age 44, received a Bachelor of Science Degree in both Engineering and Geology from Vanderbilt University. Since 1987 she has served as a Director and Assistant Secretary of both MD and MOC. Ms. Buckley is the daughter of Curtis W. Mewbourne and is the sister of Dorothy M. Cuenod and Julie M. Greene. She is also the wife of J. Roe Buckley.
Julie M. Greene, age 42, received a B.A. degree in Business Administration from The University of Oklahoma. Since 1988 she has served as a Director and Assistant Secretary of both MD and MOC. Prior to that time she was employed by Rauscher, Pierce, Refsnes, Inc. Ms. Greene is the daughter of Curtis W. Mewbourne and is the sister of Dorothy M. Cuenod and Ruth M. Buckley. She is also the sister-in-law of J. Roe Buckley.
The organizational structure of the Partnership does not provide for an audit committee and therefore the Partnership does not have an audit committee or financial expert serving in such capacity.
ITEM 11.
ITEM 11. Executive Compensation
The Registrant does not have any officers or directors. Management of the Registrant is vested in the managing general partner. None of the officers or directors of MD or MOC will receive remuneration directly from the Registrant, but will continue to be compensated by their present employers. The Registrant will reimburse MD and MOC and affiliates thereof for certain costs of overhead falling within the definition of Administrative Costs, including without limitation, salaries of the officers and employees of MD and MOC; provided that no portion of the salaries of the directors or of the executive officer of MOC or MD may be reimbursed as Administrative Costs.
ITEM 12.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management
(a) Beneficial owners of more than five percent
Title of Class
Name of
Beneficial
Owner
Amount & Nature
of Beneficial
Owner
Percent
of
Class
None
None
N/A
N/A
(b) Security ownership of management
The Registrant does not have any officers or directors. The managing general partner of the Registrant, MD, has the exclusive right and full authority to manage, control and administer the Registrant’s business. Under the Registrant’s Partnership Agreement, limited and general partners holding a majority of the outstanding limited and general partnership interests have the right to take certain actions, including the removal of the managing general partner. The Registrant is not aware of any current arrangement or activity that may lead to such removal.
ITEM 13.
ITEM 13. Certain Relationships and Related Transactions
Transactions with MD and its affiliates
Pursuant to the Registrant’s Partnership Agreement, the Registrant had the following related party transactions with MD and its affiliates for the period from February 14, 2005 (date of inception) through December 31, 2005:
The Registrant participates in oil and gas activities through a drilling program created by the Program. Pursuant to the Program, MD pays approximately 20% of the Program’s capital expenditures and approximately 30% of its operating and general and administrative expenses. The Registrant pays the remainder of the costs and expenses of the Program. In return, MD is allocated approximately 30% of the Program’s revenues.
PART IV
ITEM 14.
ITEM 14. Principal Accountant Fees and Services
The Partnership has retained PricewaterhouseCoopers LLP as their independent registered public accounting firm.
ITEM 15.
ITEM 15. Exhibits, Financial Statements, Financial Statement Schedules and Reports on Form 8-K
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
Mewbourne Energy Partners 05-A, L.P.
By:
Mewbourne Development Corporation
Managing General Partner
By:
/s/ Curtis W. Mewbourne
Curtis W. Mewbourne
President and Director
(Principal Executive Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated.
Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act
No annual report or proxy material has been sent to the Registrant’s security holders.
MEWBOURNE ENERGY PARTNERS 05-A, L.P.
FINANCIAL STATEMENTS
WITH REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
For the period from February 14, 2005
(date of inception) through December 31, 2005
Report of Independent Registered Public Accounting Firm
To the Partners of Mewbourne Energy Partners 05-A, L.P. and to the Board of Directors of Mewbourne Development Corporation:
In our opinion, the accompanying balance sheet and the related statements of operations, of changes in partners’ capital and of cash flows present fairly, in all material respects, the financial position of Mewbourne Energy Partners 05-A, L.P. at December 31, 2005 and the results of its operations and its cash flows for the period from February 14, 2005 (date of inception) through December 31, 2005 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Dallas, Texas
March 31, 2006
Mewbourne Energy Partners 05-A, L.P.
BALANCE SHEET
December 31, 2005
The accompanying notes are an integral part of the financial statements.
Mewbourne Energy Partners 05-A, L.P.
STATEMENT OF OPERATIONS
For the period from February 14, 2005
(date of inception) through December 31, 2005
The accompanying notes are an integral part of the financial statements.
Mewbourne Energy Partners 05-A, L.P.
STATEMENT OF CHANGES IN PARTNERS’ CAPITAL
For the period from February 14, 2005
(date of inception) through December 31, 2005
The accompanying notes are an integral part of the financial statements.
Mewbourne Energy Partners 05-A, L.P.
STATEMENT OF CASH FLOWS
For the period from February 14, 2005
(date of inception) through December 31, 2005
The accompanying notes are an integral part of the financial statements.
Mewbourne Energy Partners 05-A, L.P.
NOTES TO FINANCIAL STATEMENTS
1. Significant Accounting Policies:
Accounting for Oil and Gas Producing Activities
Mewbourne Energy Partners 05-A, L.P., (the “Partnership”), a Delaware limited partnership engaged primarily in oil and gas development and production in Texas, Oklahoma, and New Mexico, was organized on February 14, 2005. The offering of limited and general partnership interests began June 1, 2005 as a part of an offering registered under the name Mewbourne Energy Partners 04-05 Drilling Programs, (the “Program”), and concluded July 29, 2005, with total investor contributions of $30,000,000 originally being sold to 1,128 subscribers of which $26,844,000 were sold to 998 subscribers as general partner interests and $3,156,000 were sold to 130 subscribers as limited partner interests.
The Program’s sole business is the development and production of oil and gas with a concentration on gas. Substantially all of the Program’s gas reserves are being sold regionally in the spot market. Due to the highly competitive nature of the spot market, prices are subject to seasonal and regional pricing fluctuations. In addition, such spot market sales are generally short-term in nature and are dependent upon obtaining transportation services provided by pipelines. The prices received for the Program’s oil and gas are subject to influences such as global consumption and supply trends.
The Partnership follows the full-cost method of accounting for its oil and gas activities. Under the full-cost method, all productive and non-productive costs incurred in the acquisition, exploration and development of oil and gas properties are capitalized. Depreciation, depletion and amortization of oil and gas properties subject to amortization is computed on the units-of-production method based on the proved reserves underlying the oil and gas properties. At December 31, 2005, approximately $1.61 million of capitalized costs were excluded from amortization. Proceeds from the sale or other disposition of properties are credited to the full cost pool. Gains and losses are not recognized unless such adjustments would significantly alter the relationship between capitalized costs and the proved oil and gas reserves. Capitalized costs are subject to a quarterly ceiling test that limits such costs to the aggregate of the present value of future net cash flows of proved reserves and the lower of cost or fair value of unproved properties. There was no cost ceiling write-down for the year ended December 31, 2005. Prepaid well costs represent payments to Mewbourne Oil Company, a related party, for the acquisition, exploration and development of oil and gas properties for which the Partnership is contractually obligated but activities have not yet commenced.
Significant estimates inherent in the Registrant’s financial statements include the estimate of oil and gas reserves and future abandonment costs as reported in the footnotes to the financial statements. Changes in oil and gas prices, changes in production estimates and the success or failure of future development activities could have a significant effect on reserve estimates. The reserve estimates directly impact the computation of depreciation, depletion, and amortization, asset retirement obligation, and the ceiling test for the Registrant’s oil and gas properties.
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and cash equivalents
The Partnership considers all highly liquid investments, those with original maturities of three months or less at the date of acquisition, to be cash equivalents. The Partnership maintains all its cash in one financial institution. At various times throughout the year, the cash amount may be in excess of the amount insured by the Federal Deposit Insurance Corporation.
Asset Retirement Obligations
In accordance with FAS 143, the Partnership has recognized an estimated liability for future plugging and abandonment costs. The estimated liability is based on historical experience and estimated well life. The liability is discounted using the credit-adjusted risk-free rate. Revisions to the liability could occur due to changes in well plugging and abandonment costs or well useful lives, or if federal or state regulators enact new well restoration requirements. The Partnership recognizes accretion expense in connection with the discounted liability over the remaining life of the well.
A reconciliation of the Partnership’s liability for well plugging and abandonment costs for the period from February 14, 2005 (date of inception) through December 31, 2005, is as follows:
Oil and Gas Sales
The Program’s oil and condensate production is sold, title passed, and revenue recognized at or near the Program’s wells under short-term purchase contracts at prevailing prices in accordance with arrangements which are customary in the oil industry. Sales of gas applicable to the Program’s interest are recorded as revenue when the gas is metered and title transferred pursuant to the gas sales contracts covering the Program’s interest in gas reserves. The Partnership uses the sales method to recognize oil and gas revenue whereby revenue is recognized for the amount of production taken regardless of the amount for which the Partnership is entitled based on its working interest ownership. As of December 31, 2005, no material gas imbalances between the Partnership and other working interest owners existed.
Income Taxes
The Partnership is treated as a partnership for income tax purposes, and as a result, income of the Partnership is reported on the tax returns of the partners and no recognition is given to income taxes in the financial statements.
2. Organization and Related Party Transactions:
The Partnership was organized on February 14, 2005. Mewbourne Development Corporation (MD) is managing general partner and Mewbourne Oil Company (MOC) is operator of oil and gas properties owned by the Partnership. Mewbourne Holdings, Inc. is the parent of both MD and MOC. Substantially all transactions are with MD and MOC.
In the ordinary course of business, MOC will incur certain costs that will be passed on to well owners of the well on which the costs were incurred. The partnership will receive their portion of these costs based upon their ownership in each well incurring the costs. These costs are referred to as Operator charges and are standard and customary in the oil and gas industry. Operator charges include recovery of gas marketing costs, fixed rate overhead, supervision, pumping, and equipment furnished by the Operator. Reimbursement to MOC for operator charges totaled $219,467 for the period from February 14, 2005 (date of inception) through December 31, 2005. Operator charges are billed in accordance with the program and partnership agreements.
In consideration for services rendered by MD in managing the business of the partnership, the partnership during each of the initial three years of the partnership will pay to MD a management fee in the amount equal to 1% of the subscriptions by the investor partners to the partnership. Management fees were not allocated to the Partnership for the period from February 14, 2005 (date of inception) through December 31, 2005.
In general, during any particular calendar year, the total amount of administrative expenses allocated to the Partnership by MOC shall not exceed the greater of (a) 3.5% of the Partnership’s gross revenue from the sale of oil and natural gas production during each year (calculated without any deduction for operating costs or other costs and expenses) or (b) the sum of $50,000 plus .25% of the capital contributions of limited and general partners.
The Partnership participates in oil and gas activities through a Drilling Program Agreement, the Program. The Partnership and MD are parties to the Program agreement. The costs and revenues of the Program are allocated to MD and the Partnership as follows:
(1) The Partnership will pay sales commissions and due diligence fees of 8% and 0.5%, respectively, of the capital contributions initially made by investor partners in exchange for their respective interests.
(2) As noted above, pursuant to the Program, MD must contribute 100% of organization and offering costs and lease acquisition costs which will approximate 20% of total capital costs. To the extent that organization and offering costs and lease acquisition costs are less than 20% of total capital costs, MD is responsible for tangible drilling costs until its share of the Program’s total capital costs reaches approximately 20%.
The Partnership’s financial statements reflect its respective proportionate interest in the Program.
3. Reconciliation of Net income per Statement of Operations with Net loss per Federal Income Tax Return:
The following is a reconciliation of net income per statement of operations with net loss per federal income tax return for the period from February 14, 2005 (date of inception) through December 31, 2005:
The Partnership’s financial reporting bases of its net assets exceeded the tax bases of its net assets by $13,706,862 at December 31, 2005.
4. Supplemental Oil and Gas Information (unaudited):
The tables presented below provide supplemental information about oil and natural gas exploration and production activities as defined by SFAS No. 69, “Disclosures about Oil and Gas Producing Activities”.
Costs Incurred and Capitalized Costs:
Costs incurred in oil and natural gas acquisition, exploration and development activities for the period from February 14, 2005 (date of inception) through December 31, 2005:
Capitalized costs related to oil and natural gas acquisition, exploration and development activities for the period from February 14, 2005 (date of inception) through December 31, 2005, are as follows:
Depreciation, depletion and amortization per one thousand cubic feet of gas equivalents was $2.89 for the period from February 14, 2005 (date of inception) through December 31, 2005.
Estimated Net Quantities of Proved Oil and Gas Reserves:
Reserve estimates as well as certain information regarding future production and discounted cash flows were determined by MOC’s petroleum reservoir engineers. The Partnership considers reserve estimates to be reasonable, however, due to inherent uncertainties and the limited nature of reservoir data, estimates of oil and gas reserves are imprecise and subject to change over time as additional information becomes available.
There have been no favorable or adverse events that have caused a significant change in estimated proved reserves since December 31, 2005. The Partnership has no long-term supply agreements or contracts with governments or authorities in which it acts as producer nor does it have any interest in oil and gas operations accounted for by the equity method. All reserves are located onshore within the United States.
Proved Reserves:
(1) All of these reserves are categorized as proved developed as of December 31, 2005.
Standardized Measure of Discounted Future Net Cash Flows:
For the period from February 14, 2005 (date of inception) through December 31, 2005
The Standardized measure of discounted future net cash flows from estimated production of proved oil and gas reserves is presented in accordance with the provisions of Statement of Financial Accounting Standards No. 69, “Disclosures about Oil and Gas Producing Activities” (SFAS No. 69). In computing this data, assumptions other than those mandated by SFAS No. 69 could produce substantially different results. The Partnership cautions against viewing this information as a forecast of future economic conditions, revenues, or fair value.
The standardized measure has been prepared assuming year-end selling prices, year-end development and production costs and a 10 percent annual discount rate. No future income tax expense has been provided for the Partnership since it incurs no income tax liability. (See Significant Accounting Policies - Income Taxes in Note 1 to the Financial Statements.) The year-end prices were $58.61 per barrel of oil and $7.53 for MCF of gas as of December 31, 2005.
Summary of changes in the Standardized Measure
EXHIBIT A
MEWBOURNE ENERGY PARTNERS 05-A, LP
LIST OF GENERAL PARTNERS
NAME
NAME
GARY L & CHRISTINE ABERNATHY
CAROLE ASHER
LAWRENCE E & KATHLEEN ACKERMANN
CAROLYN S BAIR AUSTIN
JOSEPH D JR & RETA C ADAMS
JAMES P AVERY TRUST 7-3-02
JAMES P AVERY TRUSTEE
LEONARD F AGNETA
DONALD & MARION BAER LIV TRUST
AGNEW FAM TRUST 3-24-04
GLENN & PAMALA AGNEW TRUSTEES
JAMES BAILEY & MICHELLE DELAUER
THOMAS & CHARLENE AHERN
PATRICIA P BAILEY
KATHLEEN Y AHUNA TRUST 2-7-90
NICHOLAS D BAIN
KATHLEEN Y ANUNA TRUSTEE
ROBERT P BAINE JR
PETER S & ANNETTE M F AHUNA
DELLAMAE BAKER TRUST 8-10-94
SUSAN AINSLIE
DELLAMAE BAKER TRUSTEE
JOHN W ALDEN
FRANK R BAKER
MARY LOU ALFINI TRUST 3-19-99
ROGER M & COLLEEN J BALLINGER
MARY LOU ALFINI TRUSTEE
DEV & RENATE BANERJEE
ROBERT W ALFINI TRUST 3-19-99
ROBERT W ALFINI TRUSTEE
GREG O BANKS
WANDA L ANDERECK REV LIV TRUST
SANDI H BANKS
WANDA L ANDERECK TRUSTEE
CHARLES BARBAGLIA TRUST 8-22-96
CAMERON S ANDERSON
CHARLES BARBAGLIA TRUSTEE
GORDON E & SHIRLEY A ANDERSON
PATRICIA JEANE DONAHOE-BARGER
RICHARD ANDERSON MD & KATHLEEN
ISDITH DDS
BRADLEY WAYNE BARTEL & SUSAN M YUSKOVIC BARTEL
ANDERSON LIV TRUST
DAVID G BASSITT REV TRUST 9-26-03
TERRY & BONNIE ANDERSON TRUSTEES
DAVID G BASSITT TRUSTEE
CECELIA ANDRES
RONALD A & TWILA I BAZE
MELISSA S ANDREWS
DONALD J & MARY K BEARY JOINT LIV TRUST 10-5-04
DONALD J & MARY K BEARY TRUSTEES
RICHARD S & WANDA J ANTHONY
DOROTHY N BECKER TRUST 12-17-01
MARK A ANTONSON
DOROTHY N BECKER TRUSTEE
JOANNE ARCHERD
BECKMANN REV LIV TRUST 5-10-05
RONALD & JANICE BECKMANN TRUSTEES
WILLIAM D ARMSTRONG
TED R & ELLA M BEELER TRUST 9-23-04
RICHARD SHINICHI ASAHI TRUST 9-18-96
TED R & ELLA M BEELER TRUSTEES
RICHARD SHINICHI ASAHI TRUSTEE
ELDA E & BEVERLY J BEETHE
GERARD BLAIN REV TRUST
GERARD BLAIN TRUSTEE
ANTHONY J BELLERDINE TRUST 5-19-04
ANTHONY J BELLERDINE TRUSTEE
DAVID J BLANK
NEWMAN L & EVELYN BENCH TRUST 4-5-96
BLUE PACIFIC INTL INVESTMENTS LLC
NEWMAN L & EVELYN M BENCH TRUSTEE
COLIN & RENEE WHITE PARTNERS
MIROSLAV & HELENA BENDA
W BRAD & JAN S BOBBITT
JOHN C BENNISON
GERALD K BODAMER TRUST 5-19-92
GERALD K BODAMER TRUSTEE
REBECCA C BENSON REV TRUST 6-26-84
REBECCA C BENSON TRUSTEE
THOMAS C BODE
CHARLES F & GLORIA BENZIE TRUST 8-13-93
THOMAS W & DONNA M BODENSTEINER
CHARLES F & GLORIA J BENZIE TRUSTEES
BOLEN REV LIV TRUST 2-21-00
ROGER & MARY BERCHTOLD FAM TRUST 3-21-97
ELDON KEITH & ADELL I BOLEN TRUSTEES
ROGER & MARY BERCHTOLD TRUSTEES
BOMBERGER FAM LIV TRUST 12-4-97
MICHAEL P & VIRGINIA I BERG
JAMES L & ELIZABETH BOMBERGER TRUSTEES
HOWARD S BERGER
LAWRE BONEKEMPER
ROLAND & LUANNE BERGSTROM
JEROME & SANDRA BONVIE
SUSAN BERIS
GEORGIA P BORDERS
STACEY BERLOW & MICHAEL KARASICK
KENNETH & ANN MARIE BORGMEYER
J TASHOF BERNTON
CLAIRE E BORK
C NELSON BERRY III
RICHARD W BORK
LEONARD & CORINNE BICKMAN TRUST
WALTER A BORK
LEONARD & CORINNE BICKMAN TRUSTEE
R JEFF BORLAND
LARRY R BIGBIE
ROBERT & PATTI BOSSI REV TRUST 10-27-00
BIG-ZIL LTD
ROBERT K & PATTI D BOSSI TRUSTEES
C/O SCOTT E JACKSON
CANDICE C BOWER
BILLINGS REV LIV TRUST 3-24-97
PAUL B & KAREN N BILLINGS TRUSTEE
TRUST OF PHILIP G BRADLEY 6-4-99
JEROME L BILLINGSLEY & JULIANA ELLIS-BILLINGSLEY
PHILIP G & L RENATA BRADLEY TRUSTEES
BINDLER LIV TRUST 4-14-97
GARY J BRAMER
JULIAN BINDLER TRUSTEE
SUE ANN BRANDL TRUST 5-22-98
SALVATORE & WILMA BIONDO
SUE ANN BRANDL TRUSTEE
JAMES M BISSING
ROBERT E BRAZIL
LAURIE WRIGHT BREEDLOVE
HAROLD L & LILA M BUMANN TRUST
DIANE L BRENNER
LYNN M BURKHART TRUST 12-8-03
JOSEPH G BRENNY
LYNN M BURKHART TRUSTEE
TUPPER S BRIGGS
JOE ED & NAN JO BURNAM
REID M BRIGNAC
TIMOTHY D & CHRISTINE CAHALAN
DENISE M BRILL
CHARLES L CALCATERRA III TRUST 4-7-95
CHARLES L CALCATERRA III TRUSTEE
SHELLEY MILLS BRINKLEY
ESTHER CALCATERRA REV LIV TRUST 3-11-92
CLAUDIUS RAY & JUNE S BRINN
ESTHER CALCATERRA TRUSTEE
CARL P BROADWATER
DAVID G & BONNIE H CALVERT
BUFORD L BROCK TRUST 12-18-91
GERALD S CALVERT
BUFORD L BROCK TRUSTEE
RAUL N & SUSAN CALVO
DAVID R BROENEN
MARY L CAMPBELL
DANIEL & DONA BROKKE
ROSS CAMPESI
SCOTT D BRONSON
ANGEL LOPEZ CANDALES & HILDA L LOPEZ
CHARLES A & JOAN LORRAINE BROWN
MICHAEL T & BRENDA A CANNON
JAMES T & CARROLL K BROWN
ROBERT A & LESLIE CANNON
JO ANN MORRIS BROWN
JAMES G & PATRICIA E CARDILLO
KEVIN & SUSAN BROWN
DONNA CARLTON
MARY JANE BROWN
PATRICK T & HEIDI A CARNEY
NANCY BROWN
RICHARD P & JEAN M CARNEY
PAUL J & AMANDA M BROWN
THOMAS & MARGIE CARTER
R RAY BROWN
GRAEME M & LINDA A CASE TRUST 7-28-98
U T & YVONNE S BROWN
GRAEME M & LINDA A CASE TRUSTEES
MATTHEW & HEATHER BRUENING
GEORGE M & DEBORAH E CASEY
JOHN J & ANNETTE L BRUNEAU
CHARLES & MARSHA CASHION TRUST
VERONICA ORTIZ BUCK
CHARLES J & MARSHA D CASHION TRUSTEES
KEVIN & ANNA BUCKMAN
JOHN P CAVANAUGH REV LIV TRUST 7-20-97
JOHN P CAVANAUGH TRUSTEE
MARY ANN BULLARD
VICTOR H & RHODA Y CHANG
LUANNE KENNA CHALE
JAMES BRUCE CHAPMAN TRUST
KEVIN & LORI COLUMBRO
JAMES BRUCE CHAPMAN TRUSTEE
RICHARD D & DORIS E CONDON
NEAL CHASTAIN
PATRICK J CONROY
GEORGE R & BARBARA P CHAVATEL
WILLIAM M CONROY III
ALAN D CHERRINGTON
J C JAMES COOK III
LAWRENCE M T CHEW
LEROY COOK
MICHAEL & DAWN CHITWOOD
GEORGE III & MICHELLE COOKE
ROBERT F & MARY C CHITWOOD
COOPER FAM LIV TRUST 11-8-04
WESLEY JJ & FRANCES CHOY
CLAIRE & RICHARD COOPER TRUSTEES
JOHN T & CAROL ANN CHRIST
ELIZABETH COSTEN
LORIN CHUN
MICHAEL J COSTIGAN & CYNTHIA L SEGERSTEN
GERALD A & PATRICIA C CHUPKA
JOHN R & DONNA S COWDREY
A MARK & AMY CIGAN
CRABTREE ENTERPRISES LLC
TODD H PATTERSON MGR
GAIL L CISEL LIV TRUST
DAVID L & DEBORAH L CRIFASI
EDWARD F CLARKE LIV TRUST 1-14-94
ERIC CUMMING
EDWARD F CLARKE TRUSTEE
WILLIAM C CUMMINGS JR REV TRUST 9-18-98
JOHN CLARK
WILLIAM C CUMMINGS TRUSTEE
CLARK FAM LIV TRUST 12-7-99
C PATRICK & MARIA C CUNTZ
ROBERT L & JANE E CLARK TRUSTEES
CHARLES & MARGARET CURRINDER
PATRICK J & BRENDA CLARKE TRUST 7-8-87
PATRICK J & BRENDA J CLARKE TRUSTEES
JOSEPH R CURRY
PATSY J CLAYTON
KENNETH D CUSTER
ROBERT D & CATHERINE N CLEARY
THOMAS P DALY
FRANCINE DANER
THOMAS & CYNTHIA CLEMENT
ELIZABETH & LAWRENCE D'ANGELO
MANUEL COCKBURN
ROBERTA LEVINE DANIELS
STEPHEN W COLBY
BARRY H & CARYN B DANOFF
WILLIAM B COLBY
NED & SHARON DANUSER
MICHELE COLEMAN TRUST 11-2-93
MICHELE COLEMAN TRUSTEE
R RUSSELL DARBY
MATTHEW J DARINGER
PAUL J D'ORAZIO
ROBERT C & MARY A DAVIS
NANCY L DORLAC TRUST 5-29-03
NANCY L DORLAC TRUSTEE
JEFFREY B & VALERIE S DAYTON
DONALD J DORR
VINCENT J DEANGELIS
VICTORIA J DORR TRUST 7-23-98
FLOYD R DEAL JR LIV TRUST 1-6-00
VICTORIA J DORR TRUSTEE
FLOYD R DEAL JR
GLEN P DOSS
DANIEL & GAYLE DECKER
FANE S DOWNS
LEE DEEL
GALEN & LINDA DRENNAN TRUST 8-22-03
JAMES S & ELIZABETH H DEKRUIF
GALEN G & LINDA S DRENNAN TRUSTEE
ANE-GRETHE DELANEY
LYNWOOD M & JUDITH S DRISKILL
ROBERT C & DONNA D DELUCA
FRED DUGGAN
PATRICIA A DERRY
WALTER W & PEGGY A DURHAM
EDWIN E & BARBARA J DICKAU
JEAN H DURNAL REV LIV TRUST 3-9-95
JEAN H DURNAL TRUSTEE
DAVID M & JANE DICKERSON
DAVID R DYE
CARLA D DICKMAN LIV TRUST
CARLA D DICKMAN TRUSTEE
JEFFREY A EBERLEIN
FREDERIC L DIEBOLD JR
TIMOTHY EBERLEIN MD & KIM EBERLEIN
DIESMAN FAM TRUST 7-21-98
DINEEN M EBERT REV TRUST 12-20-99
MICHAEL & KATHLEEN DIESMAN TRUSTEES
DINEEN M EBERT TRUSTEE
LESTER L DILLS REV TRUST 7-13-89
DOROTHY ECKERT TRUST 9-18-91
LESTER L DILLS TRUSTEE
DOROTHY ANN ECKERT TRUSTEE
RODNEY D DIR REV TRUST 7-13-01
EDWARDS LIV TRUST 7-31-01
RODNEY D DIR TRUSTEE
ANN L EDWARDS TRUSTEE
LOUIS DITOPPA
M E & JOAN E EDWARDS
WILLARD L & CLETA B DIX
BETHEL L EILAND
FLORENCE A DOCKENDORF TRUST
STEVE & JANE ELAM
FLORENCE A DOCKENDORF TRUSTEE
GARY ELDER
DAVID E DODRILL REV INTV TRUST
DAVID E & M ANNE DODRILL TRUSTEES
JOHN C & BETH ELKINS
RICHARD & LIZABETH DOMANSKI
ELLINGSON INVESTMENTS LLC
C/O MARK J OR LORI ELLINGSON TRUSTEES
JAMES W DONNELLY
RICHARD HALL FITZGERALD II TRUST 7-22-03
GREGORY M ELLIS
RICHARD FITZGERALD II TRUSTEE
HOWARD M ELSON
A KEN FLAKE
ALAN S & CHRISTINE A ELZEA
MARY FLAUAUS REV LIV TRUST 2-1-94
MARY M WURTZ TRUSTEE
DAVID K ENDO
SIDNEY FLEISCHER
FREDERICK D & GLENNA ENGLE
STEVEN K & CHRISTINA FLETCHER
DONNA GAIL ENRICO
STEPHEN M FLUEGGE LIV TRUST 8-3-01
LARRY F ERFLING
STEPHEN M FLUEGGE TRUSTEE
JOAN H ERICSON TRUST
M WAYNE FLYE
JUDITH ESPY REV LIV TRUST 6-12-02
JOHN & MICHELLE FLYNN
JUDITH ESPY TRUSTEE
FOGLE LIV TRUST 9-26-95
ROBERT CHARLES & BEVERLY EVANS
STEPHEN & MARJORIE FOGLE TRUSTEES
NANCY M FARMER TRUST 7-28-00
GEORGE W FORBES III
NANCY M FARMER TRUSTEE
MICHAEL J FORKINS
DONALD J FARQUHAR
CATHERINE TAYLOR FOSTER
PATRICK D & KAREN S FARQUHAR
ELIZABETH A FOSTER
KATHLEEN FEDACK
JOHN E FOSTER
STEVEN C FEDER
JOHN BRENT FOSTER
FENNELL & MONDAY LIV TRUST 7-3-02
JAMES FENNELL & DIANE MONDAY TRUSTEES
CHARLES W & JACQUELINE C FOWLER
METAXAS FERENTINOS & MARY ZACK
DAVE FRANCISCO LIV TRUST 12-19-97
DAVID H & JANET FRANCISCO TRUSTEE
RICHARD & JUNE FERGUSON
DARREL D FRANKLIN REV TRUST 10-8-99
CHARLES M FERNANDEZ LIV TRUST 10-11-96
DARREL D FRANKLIN TRUSTEE
CHARLES M FERNANDEZ TRUSTEE
ANDREA T FRAZER LIV TRUST 11-22-02
FETTERS FAM TRUST
ANDREA T FRAZER TRUSTEE
MICHAEL L & TANYA H FETTERS TRUSTEES
EARL E FREEMAN
KENNETH TODD FIELDS
MARGARET FILINGERI
FREIERT REV LIV TRUST 11-12-92
MILTON A & ELEANOR J FREIERT TRUSTEES
MICHAEL J FILINGERI
DONALD E JR & ROBIN R FRENCH
RICHARD H FINNEY
JEAN ANN KRBECHK FREY & WILLIAM J FREY
JAMES E FISCHER
STEPHEN & SUZANNE FREY
MARC F GLICKSTEIN
ROGER FRICKEL
JOHN M GLIDEWELL LIV TRUST 3-30-99
JOHN M GLIDEWELL TRUSTEE
LOREN J FRIDGEN REV TRUST 6-28-04
LOREN J FRIDGEN TRUSTEE
MATTHEW & MARILYN GLOEGE
MICHAEL L FRITZ
S L GOFF LTD
SARA L GOFF GEN PARTNER
GERARD & SHERRILL FROESEL
DOROTHY I GOGGIO REV LIV TRUST 11-27-96
MIYEKO FUJIKI REV LIV TRUST 3-22-82 & AMD 7-9-02
MIYEKO FUJIKI TRUSTEE
DOROTHY I GOGGIO TRUSTEE
CHRISTOPHER & LAUREN P FUNK
EUGENE GOLDMAN
DONALD & SANDRA FURUYA
JAMES GOMEZ TRUST 10-8-94
JAMES GOMEZ TRUSTEE
RICHARD C GAGE
GARY D & JAN M GOOD
KEVIN J GALLAGHER
JOSEPH D GORG REV LIV TRUST 4-28-99
MATTHEW M & MARY ANN GALLUS
JOSEPH D GORG TRUSTEE
GANTNER LIV TRUST 2-14-96
CECILIA L GORMAN
STEPHEN & BARBARA GANTNER TRUSTEE
DAVID GOULD
THOMAS H GARNETT JR
MICHAEL L GOULD
EUGENE & MARY JO GAROFALO
DAVID J W GRANT
ROBERT M & TONI N GARRETT
JAMES G GRATTAN MD & REBECCA A H GRATTAN
ARTURO & WANDA GARRIGA
MICHAEL A GRAVEN
CARL S GATES LIV TRUST
CARL S & CAROLYN F GATES TRUSTEES
MICHAEL A GRAVEN
VERNON & MARILYN GEILE
MICHAEL T GREEN
KEN GEORGE
MICHAEL J GREEN
WILLIAM H GERBER TRUST 12-5-94
BENNETT E GREENFIELD
WILLIAM & BETH S GERBER TRUSTEES
IRVING & LORRAINE GREGERSEN
DONALD E & JANET S GIBBS
MELISSA A GRIFFIN
MARTIN J GIEHRL
PHILLIP GRILLO
VICKI GILES
DONALD G & JANE C GRIMALDI
GEORGE J JR & WINIFRED A GILLEN
MARILYN A GALATI-GROTE TRUST 3-11-96
DAVID STEVEN GLADE
MARILYN A GALATI GROTE TRUSTEE
DAVID & DIANE GRUBBS
ROBERT C HARRINGTON REV TRUST 9-17-02
ROBERT C HARRINGTON TRUSTEE
MARK J GRUDZIELANEK
ROGER HARRIS FAM TRUST 9-29-94
GRUNDNER TRUST 3-22-00
ROGER HARRIS TRUSTEE
WOLFGANG & IRMGARD GRUNDNER TRUSTEES
SCOTT HARRIS
GTF ENTERPRISES LLC
VERONICA S HARRIS LIV TRUST 11-23-94
PAULA M GULLEY
VERONICA S & KEVIN E HARRIS TRUSTEES
SUMIKO GUMMERT TRUST
PAUL F HARSTAD
THE GUNTHER 93 FAM TRUST
BRIAN T HART
DON J & ROSEMARY T GUNTHER TRUSTEES
JOHN T HARTLEY
ROBERT W GURNEY
GEORGE R HARTNETT
PATRICIA A GUTER
JOHN C HARVEY
PATRICIA ANN GUTER TRUST
TED HASSELBRING
JEFFREY A GUTHRIE
HAVELKA HOLDING CO LP
GEORGE E GUTTSCHALK DECL TRUST 1-15-01
GEORGE E & JUDY L GUTTSCHALK TRUSTEES
BRADLEY & KIMBERLY HAWPE
MICHAEL A & SUNAY GYORI
MICHAEL HAYES
KURT M & GAYLE HUNTER HAGLUND
H & M HAYNES FAM TRUST
HAROLD H & MERTIE C HAYNES TRUSTEES
MAZEN & RANDA HAJJI
DORIS A HAZERJIAN
HALLMARK-SOUTHWEST CORP
NANCY HEDRICK
KENNETH HALVELAND LIV TRUST 1-15-92
KENNETH HALVELAND TRUSTEE
JAMES L & WILMA H HEFLIN
DOREEN HANDZLIK
JAMES L & WILMA H HEFLIN
HOLLY HANING & LANCE MCINTOSH
ROBERT J & CATHERINE HEINSOHN
DAVID C HANLON
STEPHANIE KAUFMAN HELLER TRUST
STEPHANIE KAUFMAN HELLER TRUSTEE
LISA J HANSARD MD & PATRICK A HASKELL MD
DAVID A HENLEY
JERRY B & CATHY A HANSEN
JEFFREY D HENRY
WILLIAM W & DIANNE S HANSEN
ROLLA G & SHERRY HENRY
BERNARD PERRY HANSON
ROLLA G HENRY NON-MARITAL TRUST
JAMES L & LINDA L HANSON
AMY G HENRY TRUSTEE
JAMES R HEROLD TRUST 5-25-01
ELAINE B HUDSON
FRED HETZEL
HUEMMER REV LIV TRUST 3-15-05
ERIC JOHN & EVELYN S HUEMMER TRUSTEES
JOAN HEWITT & NORMAN STRUBING
CARL L & NANCY L HUETT
D ALEX HICKLIN III
DONALD M HUFFMAN REV TRUST 11-12-98
JAMES R HICKS LIV REV TRUST
DONALD M HUFFMAN TRUSTEE
JAMES R HICKS TRUSTEE
WILLIAM R HUGHES
JOHN H HIGH
CAROL L HUME
ALLEN P & JANIE L HILL
RETT & JEANNE HUMKE
HILL-CURRIE FAM TRUST 5-20-04
JOYCE CURRIE & WILLIAM HILL TRUSTEES
LARRY S & BEVERLY HUMPHRIES
HIRBE REV LIV TRUST
JOHN & MARILYN HUNT
FRANK J & ROSEMARY HIRBE TRUSTEES
KEITH W HUNTER
DENNIS E HISER
HUNTER LIV TRUST 12-9-03
DENNIS & DIANE HITCHCOCK
RONALD S HUNTER TRUSTEE
DEANNE W L HO
BOBBY L HURD
DAVID S HODGES MD
HURT FAM LIV TRUST
EDWARD B OR MARJORIE D HURT TRUSTEES
DEAN A HOLLAND
THOMAS M INGEBRAND
EUGENE F HOLLAND JR
HARRY T INOUYE TRUST
EUGENE F HOLLAND SR
HARRY T INOUYE TRUSTEE
GEORGE D & TERESA O HOLLAND
MICHAEL R & WENDY IRWIN
HOLSTINE LIV TRUST
JOANNE S IVERSON LIV TRUST 10-29-96
JAY S & KRISTINE M HOLSTINE TRUSTEES
JOANNE S IVERSON TRUSTEE
EBERHARD & BARBARA HOMMEL
REID T IWAMOTO
RICHARD B & BARBARA P HOOK
JIMMY S JACKSON
JOHN W & ELISABETH HORVATH
JOE JACKSON
BYRON & LAURA HOTZLER
LAWRENCE N & DONNIE S JACKSON
THOMAS F HOWELL
MICHAEL E & DEBORAH A JACOB
CLAUDIA B HUBBARD
DONALD E JAHNCKE LIV TRUST
DONALD E JAHNCKE TRUSTEE
JULIUS C HUBBARD JR
EUGENE G KAM REV TRUST 11-12-92
THOMAS B JAHNCKE LIV TRUST 1-15-81
EUGENE KAM TRUSTEE
THOMAS B JAHNCKE TRUSTEE
RICHARD LEE & KAREN SUE KASTEL
KEVIN F JAMES
CHANDRA S KAUP MD PC
RICHARD C JANSEN LIV TRUST 8-25-99
RICHARD C JANSEN TRUSTEE
TRUDY E KEANE REV LIV TRUST 5-8-98
TRUDY E KEANE TRUSTEE
NORMAN L & MARY K JARRELLS
JARVIS ANDREW KEEL JR
LEIGH ANN JENKINS MD
MARCIA KELASH
TWYLA V JIMENEZ & ROBIN R SHURTLEFF
DANIEL F & DOREEN S KELII LIV TRUST 7-5-01
CATHERINE G JOHN
DANIEL & DOREEN KELII TRUSTEES
CLARK D JOHNSON
DONALD KELLEY
EVAH B JOHNSON REV LIV TRUST 8-28-92
JIM & MARGARET A KENNEDY
EVAH B JOHNSON TRUSTEE
PETER W & LAURA K KENNEDY
HAL H JOHNSON
ALAN R & LINDA A KERTZ
J BUFORD & DIANE ROOK JOHNSON
KEVIN P KERTZ
MILDRED M JOHNSON REV LIV TRUST 8-28-92
MILDRED M JOHNSON TRUSTEE
THOMAS J KIEFFER
RONALD R JOHNSON
JERRY B & SHARON E KING
ROY JOHNSTON
JASON T & TERESA KINGSBURY
JAY H JONES
EMMETT & MEI LI KINNEY
MICHAEL G JONES
MARILYN KINNEY
RON JONES REV LIV TRUST 3-6-01
ALAN KIRCHENBAUM & BARBARA SILVERSTEIN
RON JONES TRUSTEE
SUSAN E KLEE
KENNETH L JORDAN JR TRUST
KLEFFNER REV LIV TRUST 11-4-92
KENNETH L JORDAN JR TRUSTEE
JEROME B & DONNA M KLEFFNER TRUSTEES
THE JORDAN FAM LLC
MAGGIE KLEIN
KENNETH L JORDAN MGR
KIRK L JORDAN
HAROLD E & DORIS M KLINK
ANN JORNLIN
KNESS TRUST AGREEMENT 8-30-02
JR TEEM ENERGY ENTERPRISES LLC
WILLIAM A & PATRICIA A KNESS TRUSTEES
DONNA L JUDD REV TRUST 11-22-04
LEONARD M KOBLENZ
DONNA L JUDD TRUSTEE
WILLIAM SCOTT KOERNER
JOHN W KOFEL
BOB & TINA LAMB
JOHN & SANDRA KOFEL
JAMES A LAMSON
SANDRA KOFEL
LANDMARK EAST PARTNERSHIP
EDWARD & JUDITH KOHLBERG
LANCE L LANE
DR RONALD H KOHLMEIER
ROBERT J LANGE
ALBERT J & JOYCE S KOLLINGER
E JAMES & ABEGAIL R LANGHAM
MEGAN & DAN KONOLD
TERRY L & PATTI L LARDINOIS
DARRELL J & BEVERLY LOGAS KOOPMAN
RICHARD A LARSON
WILLIAM J & JEANNETTE KORPECKI
CRUZ & PAM LATHAM REV TRUST 7-21-04
CRUZ & PAM LATHAM TRUSTEES
FRANCES F KOZUKI
BOBBY T LEE REV LIV TRUST
KRAFT FAM TRUST 7-27-05
BOBBY T LEE TRUSTEE
DONALD L & NANCY M KRAFT TRUSTEES
CHARLOTTE LEE
GORDON A & VIRGINIA L KRAMER
RODNEY K F LEE
MICHAEL KRAUSE
JAMES O & LINDA C LEESE
CHARLES & GAIL KREITNER
RICHARD LEHRER
THOMAS R SR & DONNA L KRINGS
JEAN LEPAGE
JONATHAN S KROHN MD
ERNEST E & ELIZABETH J LESTER
LINDA M KRUENEGEL REV LIV TRUST 1-22-02
LINDA M KRUENEGEL TRUSTEE
GEORGE H & JERI A LEVESQUE
SARA KRULWICH
JILL J LEVIN
DALE K & KAREN KRUSE
FREDERICK J LEVITSKY
NEIL A KURTZMAN
LAVERNE A & R M LEVY
KURZWEIL TRUST
JULIE D LEWIS TRUST 8-7-03
JULIE D LEWIS TRUSTEE
ANITA L HELFERS KUSS
TINA & TODD LIBERTO
THOMAS J KUZMA
THOM E & JOYCE S LICHTE
MARY ANN D LACEY
MERLE J LIEWER
TERRELL C LADY TRUST
TERRELL C LADY TRUSTEE
JEFFREY A LIGGETT
DAVID R & FAYE L LAFSER
CHRISTOPHER D & MELISSA K LIND
KATHLEEN ANN LINDEKE & JEFFREY L COATS
ANTHONY V MAGLIANO &
MARK LINDSEY
VICTORIA NAVALES-MAGLIANO
EDWARD G & REBECCA A LIPPITT
DAVID N MAIDER
JAMES J JR & MARYANN S LITTERELLE
JENNIFER K MAII
LYNNETTE H LITWIN
DAVID L JR & DONNA T MAJCEN
WILLIAM E JR & SUSAN D LLOYD
BEVERLEE A MARSH
BARBARA A LOCK REV TRUST 5-30-01
TERRY L MARSH
BARBARA A LOCK TRUSTEE
MARGERY M MARSHALL TRUST 12-27-96
PATSY LOCK
MARGERY M MARSHALL TRUSTEE
MELODYE LOCKLEAR
HELEN MARTIN
MARCIA J LOESING REV LIV TRUST 1-23-97
LARRY B MARTIN & CHERYL VANDERMEER-MARTIN
MARCIA J LOESING TRUSTEE
MARK MARTIN
VIRGINIA L LONERGAN
SCOTT C MARTIN
JOSEPH C LONG
WILLIAM F & VIRGINIA A MARTIN
J WADE LOPEZ
DAVID MATHIES
VERA LOPEZ REV TRUST 12-22-99
VERA LOPEZ TRUSTEE
VICTOR MATRICARDI
LORRANE J LOUDER
ELSA L A MATSUSHIMA
DANIEL B LOVERCHECK
T FLEMINIG MATTOX MD
JOAN & WESLEY LOWE
MAU LIV TRUST 4-11-97
PATRICK K S & ESTELLA L L MAU TRUSTEES
DAVID J LUCIDO TRUST 6-18-92
DAVID & MARY SUDBROCK LUCIDO TRUSTEES
M CLIFTON MAXWELL
STEPHEN & AUDREY LUDEMAN TRUST
KEITH P MAYER
STEPHEN P & AUDREY D LUDEMAN TRUSTEES
ROBERT C MAYER MD
JANET & CHARLES LUTTON TRUST
TIMOTHY E MAYER
GERALD J LYNCH
MCARDLE FAM LIV TRUST
JOAN P LYNCH
LINDA SANBOR MCCARTHY
LYSAUGHT FAM TRUST 10-3-90
KAY MCCLAIN
JEFFREY & KATHLEEN LYSAUGHT TRUSTEES
JAMES & SHIRLEY MCCLUNG TRUST 7-2-02
MARY S MACRANDER
JAMES & SHIRLEY MCCLUNG TRUSTEES
WILLIAM MICHAEL MCCULLOUGH JR
FELIX MIRANDO
THOMAS E & SUZANNE L MCDANIEL
TERESA V MITCHUM REV LIV TRUST 9-22-04
TERESA V MITCHUM TRUSTEE
ROBERT MCDONALD
CHARLES W MOCK
DONALD E MCFARLAND
CARL J & JUDITH A MODZINSKI
ROBERT & MARY MCGLAUGHLIN TRUST 10-21-97
ROBERT & MARY MCGLAUGHLIN TRUSTEE
JOHN W MONSTED
THOMAS A & PATRICIA MCGRATH
WILLIAM C & SANDRA MONTIGNANI
CARROL A MCILROY
DONALD MOORE LIV TRUST
RONALD J & KAREN Z MCINTOSH
EMORY L MOORE
JENNIE MCKINNEY
RONALD L MOORE
BARRY F & MELISSA C MCNEIL
MORAN FAM TRUST 11-5-03
ROBERT & SUSAN MORAN TRUSTEES
MCVEY REV LIV TRUST AGMT 9-28-98
TROY E & ALICE J MCVEY TRUSTEES
CALDWELL & HELLMUTH MORGAN FAM LTD PARTNERSHIP
BRIAN D MEADE
WALLY MORGAN FAM LTD PARTNERSHIP
RODNEY N MEADE
BARRY G MORLOCK
DEBBIE L & JOHN L MEADER
JASON MORRIS
MEIER FAM TRUST 11-6-83
JOSEPH MUDD
WILLIAM E & DOROTHY A MEIER TRUSTEES
NANCY L MUDD
BERNARD & FAYE STARR MELEMAI
MULBERRY REV LIV TRUST 5-11-95
MENTO FAM TRUST
RICHARD & JANE D MULBERRY TRUSTEES
RONALD & SUSAN MEREDITH
JAMES MULKEY
JOHN G MERGNER SR
BRIAN MULLIGAN REV TRUST 5-13-04
BRIAN MULLIGAN TRUSTEE
DR CLYDE G C MEW
BRYAN W & JOYCE A MUNDY
JOHN D MICHAELSEN
MUNSTER FAM LIV TRUST
LLOYD K MIGITA
LOUISE C MUNSTER TRUSTEE
HILDEGARD MILKE
MURPHY FAM TRUST 3-9-89
THERON MURPHY TRUSTEE
WILLIAM J MILLARD LIV TRUST 10-19-01
WILLIAM J MILLARD & GARY R ANDERSON CO-TRUSTEES
JOANNE E MURPHY ADMINS TRUST 10-17-02
JOHN SULLIVAN TRUSTEE
LOIS A MINTO REV LIV TRUST 8-8-96
LOIS A MINTO TRUSTEE
ROBERT F MURPHY
PHIL MURRAY
STEVEN & BARBARA NUSSBAUM
WILLIAM C MUSSON
BART O'CONNOR
NAES LIV TRUST 2-6-1
ERIC J OELTJEN
RICHARD L & MILDRED E NAES TRUSTEES
AUDREY J OLSON
MICHAEL A NAGAO
RICHARD & MELODY D OLSON
MYLES N & IRIS S NAKAMURA
MICHAEL & JANICE O'NEAL
MARK M NAKATSUKASA
BARRY F & SUSAN M OSWALT
NANA FAM TRUST 8-4-97
MAYUR M & JYOTIKA M PATEL TRUSTEES
LESA OSWALT
NELSON FAM TRUST
WILLIAM & LYNDA OTT
DAVID M NELSON TRUSTEE
LARRY D OVERLEY
JANE M NELSON
ROBERTA S PADGETT TRUST 8-25-03
NELSON FAM REV TRUST 5-13-02
JOHN B III OR ROBERTA A PADGETT CO-TRUSTEES
L L & CAROL A NELSON TRUSTEES
ANTHONY & M'LISS PAGANO
VERNON R NELSON
JACK PAGE
JOHN J NESWADI JR
EARL PAGLIARO
A ROBERT NEURATH
PALMER FAM LIV TRUST
VIRGINIA V NEVILLE
WILLIAM L & PATRICIA A PALMER TRUSTEES
THOMAS E & JOYCE L NICCUM TRUST 3-25-03
PAUL PANDIAN
THOMAS E & JOYCE L NICCUM TRUSTEE
MARY PARADOWSKI REV LIV TRUST 7-7-93
RANDALL W NICHOLS
MARY PARADOWSKI TRUSTEE
BOYD B JR & MELISSA NICHOLSON
MOLLIE B PARDO
VAN A NIEMELA & NANCY ANN CROWE
PARMER FAM LIV TRUST 3-22-00
WILL F OR LAURA V PARMER TRUSTEES
GARY M & J DELORES NIEMEYER
SARA A PARSONS
BILLY DEWAYNE & TOMMIE JEAN NIXON
SADASHIV D PARWATIKAR
DR KENT & LYNDA NOELL
WAYNE & SHARON PASCHALL
STEPHEN & JUDITH MOGELNICKI
MARY B PASPALAS
MELVIN Y & SHIRLEY R NOJIMA
RICHARD W PATTON
GENE NOWAK
DAVID S & DARCY L PEARSON
KATHLEEN J NUCKLES
PAMELA J PEET
HARRY H PRICE
DAVID R & BARBARA G PEIRSON
PRINCE 2002 FAM TRUST
BILLY & MARSHA PRINCE TRUSTEES
JACK & SANDRA PENDERGRAPH
THOMAS & ANGELA PROST
LEE D PENNINGTON
JOHN C & BARBARA D PRUE
FRANCIS L & CLAUDEEN M PENRY
DR JACKIE PUJOL
BRIAN & LISA PERKETT
JAMES D PULLIAM
WARREN PETER LIV TRUST
PATRICIA P PETER TRUSTEE
THOMAS J PUSATERI
ETHEL C PETTIGREW
BILL & MARY QUATTLEBAUM
CLARENCE PETTIT
QUATTLEBAUM FARMS INC
BILL QUATTLEBAUM GENERAL MGR
RICHARD W PHILLIPS
ERMA JEAN QUIRK &
RONALD H PHILLIPS
SHAWN PATRICK JOSEPH QUIRK
ALAN D PIAKER
R & J ENERGY ENTERPRISES LLC
SAUL & NANCY PILCHEN
BRUCE J RAILEY
MICHAEL PIPITONE REV LIV TRUST 9-6-00
DONNA M RAINS REV TRUST 11-10-92
MICHAEL PIPITONE TRUSTEE
RALSTON FAM TRUST 4-6-04
GLEE L & GAIL E PITNEY TRUST 6-16-99
KENNETH R & BETTY RALSTON TRUSTEES
GLEE L & GAIL E PITNEY TRUSTEES
CHRISTOPHER J RANCK TRUST 7-9-98
DANIAL L POEL & ROBBIE L ROSE-POEL
CHRISTOPHER J RANCK TRUSTEE
LARRY W POESSNECKER
RONALD L RANDALL
PAUL POESSNECKER
DAVID L RANKIN
DR HARTLEY POLASKY
DON G RAPER
RICHARD & DEBRA POLLAK
CHITTARANJAN & SASMITA RAY
MICHAEL J POLLEY
RCB ENTERPRISES LLC
BRIAN T & PITA A POLLOM
JEFFREY A & JANA A REBOULET
RONNY & KAREN POPE REV TRUST 11-13-97
MICHAEL & KATHY RECKERT
JOEL PORT
MELVIN J JR & SUSAN RECTOR
BERT & ENID POWELL
ELIZABETH N REICHERT TRUST 11-10-89
ELIZABETH N REICHERT TRUSTEE
MARK W POWELL
MARJORIE J REID FAM TRUST UAD 1988
TIMOTHY & VICTORIA RODELL TRUST 10-5-00
MARJORIE J REID TRUSTEE
TIMOTHY & VICTORIA RODELL TRUSTEE
JEANNINE REILLY
KIRK W ROEBKEN
THOMAS & NORMA REILLY
ROBERT ROGERS & CAROLINE BYRD
VINCENT REVELS
ROBERT ROGGE
TIMOTHY REYHONS
SAUNDRA A ROHRER REV TRUST 3-30-05
SAUNDRA A & GARY M ROHRER TRUSTEE
PHILIP H JR & TADAKO RHODES
BETTY T ROMAN
HARRY K & KAREN M RICHARDS
ROBERT A ROOD
LEAH R RIEDEL
SID H & DOLORES J ROODA
GLORIA C RIGGLEMAN
JOE A & ROLYNN M ROSE
SUZANNE G RIKKOLA TRUST
DAVID ROSEN
JAMES C RINGENOLDUS TRUST 5-20-98
JAMES C RINGENOLDUS TRUSTEE
LEONARD ROSENBERG LIV TRUST 10-5-94
LOENARD ROSENBERG TRUSTEE
JACQUELINE RINGENOLDUS TRUST 5-20-98
JAMES RINGENOLDUS TRUSTEE
PAUL H & GEORGIA C ROSS
BARON E & MARY E RITTINER RLT 5-16-05
WENDY ROSS & JAMES BEIRNE
BARON E & MARY E RITTINER TRUSTEE
ROTH FAM LIMITED PARTNERSHI
ROBERT F & MARGARET A RIVERS
NOLA JANICE ROTHERMICH TRUST 7-6-00
MICHAEL L & LINDA KAY ROBARDS
NOLA JANICE ROTHERMICH TRUSTEE
DAVID & TRICIA ROBERTS
JEFFREY A & DABNEY H ROUSH
ROBERT L & HELEN M ROBERTS
JOHN W RUDIBAUGH
MAX & CAROLYN ROBINOWITZ
LOUIS M RUGGIANO
JOHN M & KATHRYN M ROBSON
HELEN RULEY
EDWARD ROCHMAN
MARIAN C RUPP
JERRY ROCHMAN
WILLIAM & CHERYL SAALI
ROGER ROCHMAN
ARTHUR T SABOUNJIAN
STEPHEN C ROCHMAN MD & JUDITH D ROCHMAN
RONALD & JOAN SAEGER
BERNARD E RODELL REV LIV TRUST 1-19-96
RONALD SALZETTI
BERNARD E RODELL TRUSTEE
LOUIS EDWARD SAN CLEMENTE TRUST 5-26-92
LOUIS EDWARD SAN CLEMENTE TRUSTEE
J LARRY & WINONA C SANDS
ARDEN A & BARBARA A SELVERIAN
CAROLYN R SANDVIG
DONALD & TINA SHACKLEFORD
RICHARD & PATRICIA A SANDVIK
SHACKLEFORD FAM TRUST 6-21-01
EARLENE & DONALD SHACKLEFORD TRUSTEES
RICHARD B SANFORD
CINDY SHAHAN
SASS FAM LIV TRUST 7-29-97
WILLIAM C & EVELYN SASS TRUSTEES
GREG M SHAHAN
GERALD K SATO TRUST 10-10-96
THOMAS E & CHERYL A SHANAHAN
GERALD K SATO TRUSTEE
HUGH G SHEARIN
REBECCA SAUDER REV TRUST 6-5-95
REBECCA L SAUDER TRUSTEE
JUNE S SHEARIN
STEPHEN J & JO E SCHAAF
ROBERT L IV & KAREN K SHEPPARD
LAIRD F SCHALLER
GLENN SHERARD
ROBERT L SCHIFF MD
WILLIAM & FAITH SHERMAN TRUST
WILLIAM & FAITH SHERMAN TRUSTEES
DOROTHY J SCHMELZEIS
DOUGLAS J SHILLIDAY
RONALD & CAROL SCHMIDT LIV TRUST 5-21-04
RONALD E & CAROL SCHMIDT TRUSTEES
KAY R SHIRLEY
VERNON J & BETTY JANE SCHMITZ
SUSAN M SANDVIG-SHOBE
FRANK SCHOBERLE
DAVID T SIGNORI TRUST 1-13-03
DAVID & LINDA SIGNORI CO-TRUSTEES
LARRY D & DIANE L SCHROEDER
BARBARA K SILBER
WARREN & LOIS SCHUBERT
ANN MARIE SILVIUS
JOHN & M SUE SCHUENEMANN
ROBERT G SIMMONS & MARSHA A PAVLETICH
MARYANN SCHUERMANN REV TRUST 8-3-95
MARYANN SCHUERMANN TRUSTEE
KRISHNA K SINGH
GARY G & JERIE A SCHWARTZ
SARLA SINGH
JED & GLENDALEE SCULLY
JOHN N SINGLETON
ROBERT W SEAMAN
ROGER W & KATHY L SIUDA
FRED SEARS II
ROBERT P SJOQUIST
JOAN L SEDLACEK TRUST
ARTHUR N SKLADMAN
LORENE A SEDLACEK TRUST
STEVEN K & SUZAN SLOAN
JANIE T & ROBERT P SELLERS
H MARTIN SMITH III
JAMES C SMITH JR REV TRUST
STANLEY A STEINER TRUST 10-21-03
JAMES C SMITH JR TRUSTEE
STANLEY A STEINER TRUSTEE
RETHA SMITH
JAMES & CATHERINE STEPHENSON
WALTER E SMITH
GARY WAYNE STEWART
WILLIAM EASBY-SMITH
DR JAMES H STEWART JR & JANET COLLEEN STEWART
WILLIAM C & KELLY R SMITH
TERRENCE E & CHERYL B STIFTER
JEROME E & JOAN R SMOLA
GUY T STINSON
MICHAEL H SNEDDEN
PAMELA L STINSON
DENIS L SNIDER
GEORGE DENTON STITT
NORMAN S SOLBERG
STEPHANIE J STODDART
PATRICIA SOLLEY
DELORES A STOLTMAN
NEAL J SOLOMON
DAVID F STOUT
SOLOTKIN INVESTMENTS LTD
MELROY STRACKE
WILLIAM A SOLOTKIN GENERAL PARTNER
MELFORD L STRAND
JOYCE SONOMURA
JOHN H SUCHAN REV LIV TRUST 10-12-94
RICHARD A & JUDITH B SOSIS
JOHN H SUCHAN TRUSTEE
EARL V SPIELMAN
ROSEMARY A SUMAJIT
MARC R & MARIANNE SPORTSMAN
JENNY M SUN REV INTRV TRUST 3-1-91
JENNY M SUN TRUSTEE
EDWARD T SPROCK TRUST 7-30-93
EDWARD T SPROCK TRUSTEE
JEFFREY SUPPAN
WILLIAM W SPROUL
SURGICAL TEACHING ASSOCIATES PLLC
ALAN P WHITE
NOBLE D & SANDRA E SQUIERS
ANDREW P SWANSON
JAMES M STANFIELD
DENNIS SWANSON
NEAL & JOANNE STEARNS
MARK & WENDI SWIDLER
STEELMAN FAM TRUST 5-1-01
CARL T & FLORENE BENSINGER TRUSTEES
MICHAEL A SWINKELS
STEIN FAM LIV TRUST 1-30-98
ELIZABETH H SYLVESTER
HOWARD M & VIRGINIA C STEIN TRUSTEES
SZWARGULSKI REV LIV TRUST 12-9-91
CAROL C STEINBACH
JESSE L & CHARLENE SZWARGULSKI TRUSTEES
T-SQUARED HOLDINGS
WILLIAM R TROEGNER
TIMOTHY & WENDY TROYER GENERAL PARTNERS
DILLON TRULOVE REV TRUST 12-9-94
HALE I TAKAZAWA
DILLON TRULOVE TRUSTEE
RANDALL L TALLENT
CAROL TRULUCK
JACOB J & ADRIENNE TANASHIAN
HARRY YOSHIYUKI TSUJI TRUST 6-18-85
HARRY Y TSUJI TRUSTEE
BARBARA L TAYLOR
GEORGE P TURNER
GEORGE & ROSEMARY TCHOBANOGLOUS
LLOYD G & KAREN TURNER
ROBERT & CATHY TELEKY
MARK & ELLEN TURNER
VIRGINIA L TEMPLE TRUST 4-18-98
VIRGINIA L TEMPLE TRUSTEE
GEORGE R & FRANCES A TYLER
DONALD C TEMPLIN
GREG & LINDA UMBLE
DOUGLAS J & JACI L TERPSTRA
EDWARD UMPHLETTE
SEE BA THEE
DENNIS P VAN PATTER
JOHN P THOMAS JR
JOHN D & KAY M VAN RYSWYK
KEN R THOMAS
MARVIN J & MARY LOU VANDE LUNE
CATHY BRUER-THOMPSON
RANDALL E & JOAN VARILEK
IRENE A THOMPSON
CLIFFORD J VARS III
MARCUS TIDEY
DOUGLAS K VASSOS
AMY G TIMAS
PHILIPPE A M VEETERS & MIRJAM N F MAASSEN
AIMEE D TIPTON
ERIC P & KAREN A VENIT
ROBERT W TOBEY
PAUL VENTURA
BECKY S TOMLIN
RUSSELL D & WINDI VERNER
LESTER & MARILYN TOMPKINS TRUST 9-24-96
JAMIE L VILLEGAS
LESTER E & MARILYN J TOMPKINS TRUSTEES
WILLIAM E VREELAND
JOHN C TORRENCE
ROBERT J WAFER
ANTHONY & SUE TOSTO
EARL L & MARIE C WAGNER
JOHN H TOWERS
ROLLAND L WALLINGER
TERENCE F TOWNEND
FRANCES WALNE
ROBERT W & JOYCE M TRECARTIN
RONALD J & RITA S WALPERT
THE WEST TRUST 5-18-93
THOMAS E & DEBRA W WEST TRUSTEES
JAMES W & PAT WALSH
WESTFALL REV TRUST 11-1-96
WAMHOFF REV TRUST 1-30-96
MICHAEL D & BARBARA S WESTFALL TRUSTEES
ROBERT & DIANE WAMHOFF TRUSTEES
CHARLES E III & JANET K WHETSEL
MING WANG
RICK H & BARBARA A WHITE
HAROLD WARREN
WHITLOCK FAM LIV TRUST
JOANNE M WARREN
TOMMY OR JANET WHITLOCK TRUSTEES
PAUL R & CHERYL L WARTINGER
JAMES R & CAROLE A WHITMORE
GARRET I WATANABE
MAGRID WICHERS
RICHARD M WATERS JR
INDENTURE TRUST BONNIE WILCOX 12-24-90
& AMD 12-4-94 & AMD 7-7-99 BONNIE WILCOX TRUSTEE
KAREN E WATKINS
LEE & LINDA WILKINS
WATSON FAM TRUST 11-25-98
BILLY WAYNE & RENELLA J WATSON TRUSTEES
WILLIAMS REV FAM TRUST 11-5-90
BOBBY J & CHARLENE D WILLIAMS TRUSTEES
MICHAEL L WATSON
JAMES M WILLIAMS JR
VENN WATSON FAM TRUST 7-30-87
EDWARD & JUDY VENN-WATSON TRUSTEE
KENNETH W WILLIAMS & PRISCILLA C LEE
WEBB FAM TRUST 3-10-99
DAN R & ANNETTE B WILLIS
JERRY & MARGARET WEBB TRUSTEES
FREDDIE E WILSON MD & BARBARA P WILSON
PHILIP R & CATHY L WEBB
WOODROW W & EDITH WILSON TRUST 7-30-98
MELBA JEAN WEHMEIER
WOODROW W WILSON TRUSTEE
ELLEN & ERIK WEIHENMAYER
DEBRA E WINDHAM RLT 10-14-03
DEBRA E WINDHAM TRUSTEE
ROBERT WEISS LIV TRUST 10-10-94
ROBERT WEISS TRUSTEE
SYLVIA P WINSOR
GEORGE & LOYD MARILYN WELCH
BRUCE H WITTE
RICHARD WELNIAK
DONNIE & ADLEE WITTHAUS
JOAN M WELTZIEN
GILBERT & ANNETTE WITTHAUS
JOAN M WELTZIEN
ROBERT A WOHLMAN
TIEN-CHINNG WEN
DAVID C & VICKIE L WOLFE
JANET M WENDORF TRUST
CLIFFORD C M WONG
JANET M WENDORF TRUSTEE
DALE WOOD
RICHARD L WENDORF TRUST
RICHARD L WENDORF TRUSTEE
WINIFRED S & DONALD E WOOD
WOODY LIV TRUST
KAY WOODY TRUSTEE
MARK D WORTHINGTON
ARTHUR M WRAY
RAY H II & JANIE G WRIGHT
DAVID L YALOWITZ
EDWARD W YEARY
ROBERTA & LAWRENCE E YELLEN
ISAAC & SHOHREH YOMTOOB
GABRIEL A YORIO
DAVID E YOUNG
RALPH G & DOROTHY M YOUNGBLOOD
L FRED & SARAH V ZABEL
RICHARD & MARGARET ZOLLER
ZUMMALLEN LIV TRUST 10-25-91
NORVIN ELDON & JOY RAE RENNER ZUMMALLEN TRUSTEES
MEWBOURNE ENERGY PARTNERS 05-A, L.P.
INDEX TO EXHIBITS
The following documents are incorporated by reference in response to Item 15(a)3.