----

----

| West Virginia                                                  | 20-2088726                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

| Large accelerated filer  o | Accelerated filer  o         |
|--------------------------------------|----------------------------------------|
|                                 |                                   |
| Non-accelerated filer  o   | Smaller reporting company  x |

----

----

----

PD

|     |   |                                                                                        | Page   |
|----------|--------|---------------------------------------------------------------------------------------------|--------|
|     |   | PART I – FINANCIAL INFORMATION                                                        |   |
|     |   |                                                                                        |   |
| Item 1.  |   | Condensed Financial Statements (unaudited)                                                  |   |
|     |   | Condensed Balance Sheets                                                                    | 1      |
|     |   | Condensed Statements of Operations                                                          | 2      |
|     |   | Condensed Statements of Cash Flows                                                          | 3      |
|     |   | Notes to Unaudited Condensed Financial Statements                                           | 4      |
| Item 2.  |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 14     |
| Item 3.  |   | Quantitative and Qualitative Disclosures About Market Risk                                  | 22     |
| Item 4T. |   | Controls and Procedures                                                                     | 22     |
|     |   |                                                                                        |   |
|     |   | PART II – OTHER INFORMATION                                                           |   |
|     |   |                                                                                        |   |
| Item 1.  |   | Legal Proceedings                                                                           | 23     |
| Item 1A. |   | Risk Factors                                                                                | 23     |
| Item 2.  |   | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 23     |
| Item 3.  |   | Defaults Upon Senior Securities                                                             | 24     |
| Item 4.  |   | Submission of Matters to a Vote of Security Holders                                         | 24     |
| Item 5.  |   | Other Information                                                                           | 24     |
| Item 6.  |   | Exhibits                                                                                    | 24     |
|     |   |                                                                                        |   |
|     |   | SIGNATURES                                                                                  | 25     |

----

Index

PA

| Item 1. | CondensedFinancial Statements (unaudited) |
|---------|-------------------------------------------|

|                                                                  |   | June 30,2009 |        |   | December 31,2008* |   |
|-----------------------------------------------------------------------|--------|--------------|-------------|--------|-------------------|--------|
| Assets                                                                |   |         |        |   |              |   |
|                                                                  |   |         |        |   |              |   |
| Current assets:                                                       |   |         |        |   |              |   |
| Cash and cash equivalents                                             |   | $            | 500,936     |   |              | $      | 444,727 |   |
| Accounts receivable                                                   |   |         | 297,877     |   |              |   | 255,319 |   |
| Oil inventory                                                         |   |         | 25,497      |   |              |   | 33,855 |   |
| Due from Managing General Partner-derivatives                         |   |         | 1,349,216   |   |              |   | 1,875,597 |   |
| Due from Managing General Partner-other, net                          |   |         | 951,144     |   |              |   | 1,453,624 |   |
| Total current assets                                                  |   |         | 3,124,670   |   |              |   | 4,063,122 |   |
|                                                                  |   |         |        |   |              |   |   |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Oil and gas properties, successful efforts method                     |   |         | 44,862,710  |   |              |   | 44,857,885 |   |
| Drilling advances to Managing General Partner                         |   |         | -           |   |              |   | 54,741 |   |
| Oil and gas properties, at cost                                       |   |         | 44,862,710  |   |              |   | 44,912,626 |   |
| Less:  Accumulated depreciation, depletion and amortization |   |         | (18,776,696 | )      |              |   | (16,231,601 | ) |
| Oil and gas properties, net                                           |   |         | 26,086,014  |   |              |   | 28,681,025 |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Due from Managing General Partner-derivatives                         |   |         | 150,225     |   |              |   | 736,667 |   |
| Other assets                                                |   |         | 7,561       |   |              |   | - |   |
| Total noncurrent assets                                               |   |         | 26,243,800  |   |              |   | 29,417,692 |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Total Assets                                                          |   | $            | 29,368,470  |   |              | $      | 33,480,814 |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Liabilities and Partners' Equity                                      |   |         |        |   |              |   |   |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Current liabilities:                                                  |   |         |        |   |              |   |   |   |
| Accounts payable and accrued expenses                                 |   | $            | 39,025      |   |              | $      | 55,972 |   |
| Due to Managing General Partner-derivatives                           |   |         | 95,693      |   |              |   | - |   |
| Total current liabilities                                             |   |         | 134,718     |   |              |   | 55,972 |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Due to Managing General Partner-derivatives                           |   |         | 890,921     |   |              |   | 114,186 |   |
| Asset retirement obligations                                          |   |         | 411,216     |   |              |   | 401,434 |   |
| Total liabilities                                                     |   |         | 1,436,855   |   |              |   | 571,592 |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Commitments and contingencies                                         |   |         |        |   |              |   |   |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Partners' equity:                                                     |   |         |        |   |              |   |   |   |
| Managing General Partner                                              |   |         | 5,597,392   |   |              |   | 6,592,912 |   |
| Limited Partners - 2,022.64 units issued and outstanding              |   |         | 22,334,223  |   |              |   | 26,316,310 |   |
| Total Partners' equity                                                |   |         | 27,931,615  |   |              |   | 32,909,222 |   |
|                                                                  |   |         |        |   |              |   |   |   |
| Total Liabilities and Partners' Equity                                |   | $            | 29,368,470  |   |              | $      | 33,480,814 |   |

----

Index

PD

|                                                           |   | Three months ended June 30, |       |   | Six months ended June 30, |   |
|----------------------------------------------------------------|--------|-----------------------------|------------|--------|---------------------------|--------|
|                                                           |   | 2009                        |       |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
| Revenues:                                                      |   |                        |       |   |                      |   |   |   |   |   |   |   |
| Oil and gas sales                                              |   | $                           | 744,409    |   |                      | $      | 2,436,358 |   |   | $ | 1,480,302 |   |   | $ | 4,320,724 |   |
| Oil and gas price risk management loss, net                    |   |                        | (743,343   | )      |                      |   | (2,698,855 | ) |   |   | (712,185 | ) |   |   | (3,223,180 | ) |
| Total revenues                                                 |   |                        | 1,066      |   |                      |   | (262,497 | ) |   |   | 768,117 |   |   |   | 1,097,544 |   |
|                                                           |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Operating costs and expenses:                                  |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Production and operating costs                                 |   |                        | 255,596    |   |                      |   | 525,524 |   |   |   | 557,007 |   |   |   | 891,493 |   |
| Direct costs - general and administrative                      |   |                        | 115,767    |   |                      |   | 168,671 |   |   |   | 266,765 |   |   |   | 179,028 |   |
| Depreciation, depletion and amortization                       |   |                        | 1,236,181  |   |                      |   | 780,969 |   |   |   | 2,545,095 |   |   |   | 1,601,372 |   |
| Accretion of asset retirement obligations                      |   |                        | 4,891      |   |                      |   | 4,628 |   |   |   | 9,782 |   |   |   | 9,256 |   |
| Total operating costs and expenses                             |   |                        | 1,612,435  |   |                      |   | 1,479,792 |   |   |   | 3,378,649 |   |   |   | 2,681,149 |   |
|                                                           |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Loss from operations                                           |   |                        | (1,611,369 | )      |                      |   | (1,742,289 | ) |   |   | (2,610,532 | ) |   |   | (1,583,605 | ) |
| Interest income                                                |   |                        | 7,183      |   |                      |   | 12,630 |   |   |   | 15,786 |   |   |   | 27,344 |   |
|                                                           |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                       |   | $                           | (1,604,186 | )      |                      | $      | (1,729,659 | ) |   | $ | (2,594,746 | ) |   | $ | (1,556,261 | ) |
|                                                           |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net loss allocated to partners                                 |   | $                           | (1,604,186 | )      |                      | $      | (1,729,659 | ) |   | $ | (2,594,746 | ) |   |   | (1,556,261 | ) |
| Less:  Managing General Partner interest in net loss |   |                        | (320,837   | )      |                      |   | (345,932 | ) |   |   | (518,949 | ) |   |   | (311,252 | ) |
| Net loss allocated to Investor Partners                        |   | $                           | (1,283,349 | )      |                      | $      | (1,383,727 | ) |   | $ | (2,075,797 | ) |   | $ | (1,245,009 | ) |
|                                                           |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per Investor Partner unit                             |   | $                           | (634       | )      |                      | $      | (684 | ) |   | $ | (1,026 | ) |   | $ | (616 | ) |
|                                                           |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Investor Partner units outstanding                             |   |                        | 2,022.64   |   |                      |   | 2,022.64 |   |   |   | 2,022.64 |   |   |   | 2,022.64 |   |

----

Index

PD

|                                                                            |   | Six months ended June 30, |       |
|---------------------------------------------------------------------------------|--------|---------------------------|------------|
|                                                                            |   | 2009                      |       |   | 2008 |   |
| Cash flows from operating activities:                                           |   |                      |       |   |   |   |
| Net loss                                                                        |   | $                         | (2,594,746 | ) |   | $ | (1,556,261 | ) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |   |                      |       |   |   |   |   |   |
| Depreciation, depletion and amortization                                        |   |                      | 2,545,095  |   |   |   | 1,601,372 |   |
| Accretion of asset retirement obligations                                       |   |                      | 9,782      |   |   |   | 9,256 |   |
| Unrealized loss on derivative transactions                                      |   |                      | 1,985,251  |   |   |   | 2,700,253 |   |
| Changes in operating assets and liabilities:                                    |   |                      |       |   |   |   |   |   |
| Increase in accounts receivable                                                 |   |                      | (42,558    | ) |   |   | (248,894 | ) |
| Increase in account receivable - other                                          |   |                      | -          |   |   |   | (138,343 | ) |
| Decrease (increase) in oil inventory                                            |   |                      | 8,358      |   |   |   | (58,077 | ) |
| Increase in other assets                                                        |   |                      | (7,561     | ) |   |   | - |   |
| (Decrease) increase in accounts payable and accrued expenses                    |   |                      | (16,947    | ) |   |   | 135,235 |   |
| Decrease (increase) in due from/to Managing General Partner - other, net        |   |                      | 502,480    |   |   |   | (85,908 | ) |
| Net cash provided by operating activities                                       |   |                      | 2,389,154  |   |   |   | 2,358,633 |   |
|                                                                            |   |                      |       |   |   |   |   |   |
| Cash flows from investing activities:                                           |   |                      |       |   |   |   |   |   |
| Capital expenditures for oil and gas properties                                 |   |                      | (7,719     | ) |   |   | (12,193 | ) |
| Proceeds from drilling advance refund from Managing General Partner             |   |                      | 54,741     |   |   |   | - |   |
| Proceeds from Colorado sales tax refund related to capital purchases            |   |                      | 2,894      |   |   |   | 172,930 |   |
| Net cash provided by investing activities                                       |   |                      | 49,916     |   |   |   | 160,737 |   |
|                                                                            |   |                      |       |   |   |   |   |   |
| Cash flows from financing activities:                                           |   |                      |       |   |   |   |   |   |
| Distributions to Partners                                                       |   |                      | (2,382,861 | ) |   |   | (2,506,890 | ) |
| Net cash used in financing activities                                           |   |                      | (2,382,861 | ) |   |   | (2,506,890 | ) |
|                                                                            |   |                      |       |   |   |   |   |   |
| Net increase in cash and cash equivalents                                       |   |                      | 56,209     |   |   |   | 12,480 |   |
| Cash and cash equivalents, beginning of period                                  |   |                      | 444,727    |   |   |   | 284,182 |   |
| Cash and cash equivalents, end of period                                        |   | $                         | 500,936    |   |   | $ | 296,662 |   |

----

Index

PD

----

Index

----

Index

----

Index

|                                       |   | Three months ended June 30, |    |   | Six months ended June 30, |   |
|--------------------------------------------|--------|-----------------------------|---------|--------|---------------------------|--------|
|                                       |   | 2009                        |    |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
|                                       |   |                        |    |   |                      |   |   |   |   |   |   |   |
| Well operations and maintenance            |   |                        | 205,714 |   |                      |   | 274,221 |   |   |   | 430,626 |   |   |   | 439,577 |   |
| Gathering, compression and processing fees |   |                        | 27,473  |   |                      |   | 36,539 |   |   |   | 52,138 |   |   |   | 71,937 |   |
| Direct costs - general and administrative  |   |                        | 115,767 |   |                      |   | 168,671 |   |   |   | 266,765 |   |   |   | 179,028 |   |
| Cash distributions*                        |   |                        | 300,864 |   |                      |   | 295,337 |   |   |   | 509,926 |   |   |   | 525,482 |   |

|   | · | Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.  Included in Level 1 are commodity derivative instruments for New York Mercantile Exchange (“NYMEX”) natural gas swaps. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Level 2 – Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the asset or liability, including (i) quoted prices for similar assets or liabilities in active markets, (ii) quoted prices for identical or similar assets or liabilities in inactive markets, (iii) inputs other than quoted pricesthat are observable for the asset or liability and (iv) inputs that are derived from observable market data by correlation or other means. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Level 3 – Unobservable inputs for the asset or liability, including situations where there is little, if any, market activity for the asset or liability.  Included in Level 3 are the Partnership’s asset retirement obligations and the Partnership’s commodity derivative instruments for Colorado Interstate Gas, or CIG, basedfixed-price natural gas swaps, collars and floors, oil swaps, and natural gas basis protection swaps. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

|                                  |   | Level 1 |    |   | Level 3 |   |      | Total  |   |
|---------------------------------------|--------|---------|---------|--------|---------|--------|-----------|--------|--------|
|                                  |   |    |    |   |    |   |      |   |   |
| As of December 31, 2008               |   |    |    |   |    |   |      |   |   |
| Assets:                               |   |    |    |   |    |   |      |   |   |
| Commodity based derivatives           |   | $       | -       |   |    | $      | 2,612,264 |   |   | $ | 2,612,264 |   |
| Total assets                          |   |    | -       |   |    |   | 2,612,264 |   |   |   | 2,612,264 |   |
|                                  |   |    |    |   |    |   |      |   |   |   |   |   |
| Liabilities:                          |   |    |    |   |    |   |      |   |   |   |   |   |
| Basis protection derivative contracts |   |    | -       |   |    |   | (114,186  | )      |   |   | (114,186 | ) |
| Total liabilities                     |   |    | -       |   |    |   | (114,186  | )      |   |   | (114,186 | ) |
|                                  |   |    |    |   |    |   |      |   |   |   |   |   |
| Net asset                             |   | $       | -       |   |    | $      | 2,498,078 |   |   | $ | 2,498,078 |   |
|                                  |   |    |    |   |    |   |      |   |   |   |   |   |
| As of June 30, 2009                   |   |    |    |   |    |   |      |   |   |   |   |   |
| Assets:                               |   |    |    |   |    |   |      |   |   |   |   |   |
| Commodity based derivatives           |   | $       | 541     |   |    | $      | 1,498,900 |   |   | $ | 1,499,441 |   |
| Basis protection derivative contracts |   |    | -       |   |    |   | -         |   |   |   | - |   |
| Total assets                          |   |    | 541     |   |    |   | 1,498,900 |   |   |   | 1,499,441 |   |
|                                  |   |    |    |   |    |   |      |   |   |   |   |   |
| Liabilities:                          |   |    |    |   |    |   |      |   |   |   | - |   |
| Commodity based derivatives           |   |    | (81,617 | )      |    | $      | (3,194    | )      |   |   | (84,811 | ) |
| Basis protection derivative contracts |   |    | -       |   |    |   | (901,803  | )      |   |   | (901,803 | ) |
| Total liabilities                     |   |    | (81,617 | )      |    |   | (904,997  | )      |   |   | (986,614 | ) |
|                                  |   |    |    |   |    |   |      |   |   |   |   |   |
| Net (liability) asset                 |   | $       | (81,076 | )      |    | $      | 593,903   |   |   | $ | 512,827 |   |

----

Index

|                                                                                                                                                |   | Six months endedJune 30, 2009 |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|------------|
|                                                                                                                                                |   |                          |       |
| Fair value, net asset, as of December 31, 2008                                                                                                      |   | $                             | 2,498,078  |   |
| Change in fair value included in statement of operations line item:                                                                                 |   |                          |       |   |
| Oil and gas price risk management loss, net                                                                                                         |   |                          | (631,109   | ) |
| Settlements                                                                                                                                         |   |                          | (1,273,066 | ) |
| Fair value, net asset, as of June 30, 2009                                                                                                          |   | $                             | 593,903    |   |
|                                                                                                                                                |   |                          |       |   |
| Change in unrealized gains (losses) relating to assets (liabilities) still held as of June 30, 2009, included in statement of operations line item: |   |                          |       |   |
| Oil and gas price risk management loss, net                                                                                                         |   | $                             | (846,826   | ) |

----

Index

|   | — | Collars contain a fixed floor price (put) and ceiling price (call).  If the market falls below the fixed put strike price, PDC, as Managing General Partner, receives the market price from the purchaser and receives the difference between the put strike price and market price from the counterparty.  If the market price exceeds the fixed call strike price, PDC, as Managing General Partner, receivesthe market price from the purchaser and pays the difference between the call strike price and market price to the counterparty.  If the market price is between the call and put strike price, no payments are due to or from the counterparty. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Swaps are arrangements that guarantee a fixed price.  If the market price is below the fixed contract price, PDC, as Managing General Partner, receives the market price from the purchaser and receives the difference between the market price and the fixed contract price from the counterparty.  If the market price is above the fixed contract price, PDC, as Managing General Partner, receives the marketprice from the purchaser and pays the difference between the market price and the fixed contract price to the counterparty. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

|   | — | Basis protection swaps are arrangements that guarantee a price differential for natural gas from a specified delivery point.  For CIG basis protection swaps, which have negative differentials to NYMEX, PDC, as Managing General Partner, receives a payment from the counterparty if the price differential is greater than the stated terms of the contract and pays the counterparty if the price differential isless than the stated terms of the contract. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                           |                       |      |                                          |   | Fair ValueAs of |      |
|----------------------------------------------------------------|----------------------------|-----------|-----------------------------------------------|--------|-----------------|-----------|
|                                                           |                       |      | Balance Sheet                                 |   | June 30,        |      |   | December 31, |   |
| Derivative instruments not designated as hedge  (1): |                       | Line Item |                                          | 2009   |            |      | 2008 |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |
| Derivative Assets:                                             | Current                    |      |                                          |   |            |      |   |   |   |
|                                                           | Commodity contracts        |      | Due from Managing General Partner-derivatives |   | $               | 1,349,216 |   |   | $ | 1,875,597 |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Non Current                |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Commodity contracts        |      | Due from Managing General Partner-derivatives |   |            | 150,225   |   |   |   | 736,667 |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
| Total Derivative Assets                                        |                       |      |                                          |   |            | 1,499,441 |   |   |   | 2,612,264 |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
| Derivative Liabilities:                                        | Current                    |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Commodity contracts        |      | Due to Managing General Partner-derivatives   |   | $               | (17,290   | ) |   | $ | - |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Basis protection contracts |      | Due to Managing General Partner-derivatives   |   |            | (78,403   | ) |   |   | - |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Non Current                |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Commodity contracts        |      | Due to Managing General Partner-derivatives   |   |            | (67,521   | ) |   |   | - |   |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
|                                                           | Basis protection contracts |      | Due to Managing General Partner-derivatives   |   |            | (823,400  | ) |   |   | (114,186 | ) |
|                                                           |                       |      |                                          |   |            |      |   |   |   |   |   |
| Total Derivative Liabilities                                   |                       |      |                                          |   | $               | (986,614  | ) |   | $ | (114,186 | ) |

----

Index

|                                              |   | Three months ended June 30,                                                      |     |
|---------------------------------------------------|--------|----------------------------------------------------------------------------------|----------|
|                                              |   | 2009                                                                             |     |   | 2008 |   |
| Statement of operations line item                 |   | Reclassification of Realized Gains (Losses) Included in Prior Periods Unrealized |     |   | Realized and Unrealized Gains (Losses) For the Current Period |   |   | Total |   |   | Reclassification of Realized Gains (Losses) Included in Prior Periods Unrealized |   |   | Realized and Unrealized Gains (Losses) For the Current Period |   |   | Total |   |
|                                              |   |                                                                             |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Oil and gas price risk management, net            |   |                                                                             |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Realized gains (losses)                           |   | $                                                                                | 551,444  |   |   | $ | (51,156 | ) |   | $ | 500,288 |   |   | $ | (170,029 | ) |   | $ | (275,937 | ) |   | $ | (445,966 | ) |
| Unrealized gains (losses)                         |   |                                                                             | (551,444 | ) |   |   | (692,187 | ) |   |   | (1,243,631 | ) |   |   | 170,029 |   |   |   | (2,422,918 | ) |   |   | (2,252,889 | ) |
| Total oil and gas price risk management loss, net |   | $                                                                                | -        |   |   | $ | (743,343 | ) |   | $ | (743,343 | ) |   | $ | - |   |   | $ | (2,698,855 | ) |   | $ | (2,698,855 | ) |

|                                              |   | Six months ended June 30,                                                        |       |
|---------------------------------------------------|--------|----------------------------------------------------------------------------------|------------|
|                                              |   | 2009                                                                             |       |   | 2008 |   |
| Statement of operations line item                 |   | Reclassification of Realized Gains (Losses) Included in Prior Periods Unrealized |       |   | Realized and Unrealized Gains (Losses) For the Current Period |   |   | Total |   |   | Reclassification of Realized Gains (Losses) Included in Prior Periods Unrealized |   |   | Realized and Unrealized Gains (Losses) For the Current Period |   |   | Total |   |
|                                              |   |                                                                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Oil and gas price risk management,  net |   |                                                                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Realized gains (losses)                           |   | $                                                                                | 1,054,158  |   |   | $ | 218,908 |   |   | $ | 1,273,066 |   |   | $ | (165,281 | ) |   | $ | (357,646 | ) |   | $ | (522,927 | ) |
| Unrealized gains (losses)                         |   |                                                                             | (1,054,158 | ) |   |   | (931,093 | ) |   |   | (1,985,251 | ) |   |   | 165,281 |   |   |   | (2,865,534 | ) |   |   | (2,700,253 | ) |
| Total oil and gas price risk management loss, net |   | $                                                                                | -          |   |   | $ | (712,185 | ) |   | $ | (712,185 | ) |   | $ | - |   |   | $ | (3,223,180 | ) |   | $ | (3,223,180 | ) |

----

Index

----

Index

| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

|   | · | changes in production volumes, worldwide demand, and commodity prices for oil and natural gas; |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | · | risks incident to the operation of natural gas and oil wells; |
|--------|--------|---------------------------------------------------------------|

|   | · | future production and development costs; |
|--------|--------|------------------------------------------|

|   | · | the availability of sufficient pipeline and other transportation facilities to carry Partnership production and the impact of these facilities on price; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the effect of existing and future laws, governmental regulations and the political and economic climate of the United States of America (“U.S.”) and the impact of the global economy; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the effect of natural gas and oil derivatives activities; |
|--------|--------|-----------------------------------------------------------|

|   | · | availability and cost of capital and conditions in the capital markets; and |
|--------|--------|-----------------------------------------------------------------------------|

|   | · | losses possible from pending and/or future litigation and the costs incident thereto. |
|--------|--------|---------------------------------------------------------------------------------------|

----

Index

|                                                                       |   | Summary Operating Results   |       |
|----------------------------------------------------------------------------|--------|-----------------------------|------------|
|                                                                       |   | Three months ended June 30, |       |   | Six months ended June 30, |   |
|                                                                       |   | 2009                        |       |   | 2008 |   |   | Change |   |   | 2009 |   |   | 2008 |   |   | Change |   |
| Number of producing wells (end of period)                                  |   |                        | 51         |   |   |   | 51 |   |   |   | - |   |   |   | 51 |   |   |   | 51 |   |   |   | - |   |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Production:  (1)                                                 |   |                        |       |   |   |   |   |   |   |   |   |   |   |
| Oil (Bbl)                                                                  |   |                        | 8,959      |   |   |   | 8,932 |   |   |   | - |   |   |   | 17,911 |   |   |   | 18,042 |   |   |   | -1 | % |
| Natural gas (Mcf)                                                          |   |                        | 137,201    |   |   |   | 164,866 |   |   |   | -17 | % |   |   | 271,247 |   |   |   | 330,861 |   |   |   | -18 | % |
| Natural gas equivalents (Mcfe)  (2)                              |   |                        | 190,955    |   |   |   | 218,458 |   |   |   | -13 | % |   |   | 378,713 |   |   |   | 439,113 |   |   |   | -14 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average Selling Price (excluding realized gain (loss), net on derivatives) |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Oil (per Bbl)                                                              |   | $                           | 52.52      |   |   | $ | 115.42 |   |   |   | -54 | % |   | $ | 44.59 |   |   | $ | 98.71 |   |   |   | -55 | % |
| Natural gas (per Mcf)                                                      |   |                        | 2.00       |   |   |   | 8.52 |   |   |   | -77 | % |   |   | 2.51 |   |   |   | 7.68 |   |   |   | -67 | % |
| Natural gas equivalents (per Mcfe)                                         |   |                        | 3.90       |   |   |   | 11.15 |   |   |   | -65 | % |   |   | 3.91 |   |   |   | 9.84 |   |   |   | -60 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average Selling Price (including realized gain (loss), net on derivatives) |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Oil (per Bbl)                                                              |   | $                           | 70.08      |   |   | $ | 97.37 |   |   |   | -28 | % |   | $ | 66.71 |   |   | $ | 87.29 |   |   |   | -24 | % |
| Natural gas (per Mcf)                                                      |   |                        | 4.50       |   |   |   | 6.80 |   |   |   | -34 | % |   |   | 5.75 |   |   |   | 6.72 |   |   |   | -14 | % |
| Natural gas equivalents (per Mcfe)                                         |   |                        | 6.52       |   |   |   | 9.11 |   |   |   | -28 | % |   |   | 7.27 |   |   |   | 8.65 |   |   |   | -16 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average cost per Mcfe                                                      |   |                        |       |   |   |   |   |   |   |   |   |   |   |
| Production and operating costs  (3)                              |   | $                           | 1.34       |   |   | $ | 2.41 |   |   |   | -44 | % |   | $ | 1.47 |   |   | $ | 2.03 |   |   |   | -28 | % |
| Depreciation, depletion and amortization                                   |   |                        | 6.47       |   |   |   | 3.57 |   |   |   | 81 | % |   |   | 6.72 |   |   |   | 3.65 |   |   |   | 84 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues:                                                                  |   |                        |       |   |   |   |   |   |   |   |   |   |   |
| Oil and natual gas sales                                                   |   | $                           | 744,409    |   |   | $ | 2,436,358 |   |   |   | -69 | % |   | $ | 1,480,302 |   |   | $ | 4,320,724 |   |   |   | -66 | % |
| Oil and gas price risk management, net                                     |   |                        | (743,343   | ) |   |   | (2,698,855 | ) |   |   | -72 | % |   |   | (712,185 | ) |   |   | (3,223,180 | ) |   |   | -78 | % |
| Total revenues                                                             |   | $                           | 1,066      |   |   | $ | (262,497 | ) |   |   | -100 | % |   | $ | 768,117 |   |   | $ | 1,097,544 |   |   |   | -30 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Realized Gain (Loss) on Derivatives, net                                   |   |                        |       |   |   |   |   |   |   |   |   |   |   |
| Oil derivatives - realized gain (loss)                                     |   | $                           | 157,318    |   |   | $ | (161,237 | ) |   |   | 198 | % |   | $ | 396,086 |   |   | $ | (206,003 | ) |   |   | * |   |
| Natural gas derivatives - realized gain (loss)                             |   |                        | 342,970    |   |   |   | (284,729 | ) |   |   | 220 | % |   |   | 876,980 |   |   |   | (316,924 | ) |   |   | * |   |
| Total realized gain (loss) on derivatives, net                             |   | $                           | 500,288    |   |   | $ | (445,966 | ) |   |   | 212 | % |   | $ | 1,273,066 |   |   | $ | (522,927 | ) |   |   | * |   |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating costs and expenses:                                              |   |                        |       |   |   |   |   |   |   |   |   |   |   |
| Production and operating costs                                             |   | $                           | 255,596    |   |   | $ | 525,524 |   |   |   | -51 | % |   | $ | 557,007 |   |   | $ | 891,493 |   |   |   | -38 | % |
| Direct costs - general and administrative                                  |   |                        | 115,767    |   |   |   | 168,671 |   |   |   | -31 | % |   |   | 266,765 |   |   |   | 179,028 |   |   |   | 49 | % |
| Depreciation, depletion and amortization                                   |   |                        | 1,236,181  |   |   |   | 780,969 |   |   |   | 58 | % |   |   | 2,545,095 |   |   |   | 1,601,372 |   |   |   | 59 | % |
| Accretion of asset retirement obligations                                  |   |                        | 4,891      |   |   |   | 4,628 |   |   |   | 6 | % |   |   | 9,782 |   |   |   | 9,256 |   |   |   | 6 | % |
| Total operating costs and expenses                                         |   | $                           | 1,612,435  |   |   | $ | 1,479,792 |   |   |   | 9 | % |   | $ | 3,378,649 |   |   | $ | 2,681,149 |   |   |   | 26 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from operations                                                       |   | $                           | (1,611,369 | ) |   | $ | (1,742,289 | ) |   |   | -8 | % |   | $ | (2,610,532 | ) |   | $ | (1,583,605 | ) |   |   | 65 | % |
| Interest income                                                            |   |                        | 7,183      |   |   |   | 12,630 |   |   |   | -43 | % |   |   | 15,786 |   |   |   | 27,344 |   |   |   | -42 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                   |   | $                           | (1,604,186 | ) |   | $ | (1,729,659 | ) |   |   | -7 | % |   | $ | (2,594,746 | ) |   | $ | (1,556,261 | ) |   |   | 67 | % |
|                                                                       |   |                        |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash distributions                                                         |   | $                           | 1,394,017  |   |   | $ | 1,407,341 |   |   |   | -1 | % |   | $ | 2,382,861 |   |   | $ | 2,506,890 |   |   |   | -5 | % |

|   | (1) | Production is net and determined by multiplying the gross production volume of properties in which we have an interest by the percentage of the leasehold or other property interest we own. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | A ratio of energy content of natural gas and oil (six Mcf of natural gas equals one Bbl of oil) was used to obtain a conversion factor to convert oil production into equivalent Mcf of natural gas. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Production costs represent oil and gas operating expenses which include production taxes. |
|--------|-----|-------------------------------------------------------------------------------------------|

----

Index

|   | · | Bbl – One barrel or 42 U.S. gallons liquid volume |
|--------|--------|---------------------------------------------------------|

|   | · | MBbl – One thousand barrels |
|--------|--------|-----------------------------------|

|   | · | Mcf – One thousand cubic feet |
|--------|--------|-------------------------------------|

|   | · | MMcf – One million cubic feet |
|--------|--------|-------------------------------------|

|   | · | Mcfe – One thousand cubic feet of natural gas equivalents |
|--------|--------|-----------------------------------------------------------------|

|   | · | MMcfe – One million cubic feet of natural gas equivalents |
|--------|--------|-----------------------------------------------------------------|

|   | · | MMbtu – One million British Thermal Units |
|--------|--------|-------------------------------------------------|

| Commodity                |   | Index  |   | December 31,2007 |   |   | June 30,2008 |   |   | December 31,2008 |   |   | June 30,2009 |   |
|--------------------------|--------|--------|--------|------------------|--------|--------|--------------|--------|--------|------------------|--------|--------|--------------|--------|
|                     |   |   |   |             |   |   |         |   |   |             |   |   |         |   |
| Natural gas: (per MMbtu) |   |   |   |             |   |   |         |   |   |             |   |   |
|                     |   | NYMEX  |   | $                | 8.12   |   |         | $      | 12.52  |             |   | $      | 6.62         |   |   | $ | 5.83 |   |
|                     |   | CIG    |   |             | 6.78   |   |         |   | 8.86   |             |   |   | 4.49         |   |   |   | 4.87 |   |
| Oil: (per Bbl)           |   | NYMEX  |   |             | 90.79  |   |         |   | 140.15 |             |   |   | 57.49        |   |   |   | 74.51 |   |

----

Index

|                                                                             |   | Three months ended June 30, |       |   | Six months ended June 30, |   |
|----------------------------------------------------------------------------------|--------|-----------------------------|------------|--------|---------------------------|--------|
| Oil and gas price risk management, net                                           |   | 2009                        |       |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
| Realized gains (losses)                                                          |   |                        |       |   |                      |   |   |   |   |   |   |   |
| Oil                                                                              |   | $                           | 157,318    |   |                      | $      | (161,237 | ) |   | $ | 396,086 |   |   | $ | (206,003 | ) |
| Natural Gas                                                                      |   |                        | 342,970    |   |                      |   | (284,729 | ) |   |   | 876,980 |   |   |   | (316,924 | ) |
| Total realized gain (loss), net                                                  |   |                        | 500,288    |   |                      |   | (445,966 | ) |   |   | 1,273,066 |   |   |   | (522,927 | ) |
|                                                                             |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains (losses)                                                        |   |                        |       |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Reclassification of realized (gains) losses included in prior periods unrealized |   |                        | (551,444   | )      |                      |   | 170,029 |   |   |   | (1,054,158 | ) |   |   | 165,281 |   |
| Unrealized (losses) gains for the period                                         |   |                        | (692,187   | )      |                      |   | (2,422,918 | ) |   |   | (931,093 | ) |   |   | (2,865,534 | ) |
| Total unrealized loss, net                                                       |   |                        | (1,243,631 | )      |                      |   | (2,252,889 | ) |   |   | (1,985,251 | ) |   |   | (2,700,253 | ) |
| Oil and gas price risk management loss, net                                      |   | $                           | (743,343   | )      |                      | $      | (2,698,855 | ) |   | $ | (712,185 | ) |   | $ | (3,223,180 | ) |

----

Index

|                           |   | Floors                      |    |   | Ceilings                     |   |   | Swaps (Fixed Prices)        |   |   | Basis Protection Contracts   |   |   |                        |   |
|--------------------------------|--------|-----------------------------|---------|--------|------------------------------|--------|--------|-----------------------------|--------|--------|------------------------------|--------|--------|-----------------------------|--------|
| Commodity/Index/Operating Area |   | Quantity(Gas-MMbtuOil-Bbls) |    |   | WeightedAverageContractPrice |   |   | Quantity(Gas-MMbtuOil-Bbls) |   |   | WeightedAverageContractPrice |   |   | Quantity(Gas-MMbtuOil-Bbls) |   |   | WeightedAverageContractPrice |   |   | Quantity(Gas-MMbtuOil-Bbls) |   |   | WeightedAverageContractPrice |   |   | Fair ValueAtJune 30,2009 |   |
|                           |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Natural Gas                    |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |
| Rocky Mountain Region          |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |
| CIG                            |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |
| 3Q 2009                        |   |                        | 108,012 |   |                         | $      | 5.75   |                        |   |   | 108,012                      |   |   | $                           | 8.90   |   |   |   | - |   |   | $ | - |   |   |   | - |   |   | $ | - |   |   |   | 322,010 |   |
| 4Q 2009                        |   |                        | 74,844  |   |                         |   | 6.66   |                        |   |   | 74,844                       |   |   |                        | 10.20  |   |   |   | 27,260 |   |   |   | 9.20 |   |   |   | - |   |   |   | - |   |   |   | 366,402 |   |
| 2010                           |   |                        | 84,359  |   |                         |   | 6.65   |                        |   |   | 84,359                       |   |   |                        | 10.80  |   |   |   | 40,889 |   |   |   | 9.20 |   |   |   | 243,871 |   |   |   | 1.88 |   |   |   | 103,667 |   |
| 2011                           |   |                        | 39,148  |   |                         |   | 4.75   |                        |   |   | 39,148                       |   |   |                        | 9.45   |   |   |   | - |   |   |   | - |   |   |   | 280,750 |   |   |   | 1.88 |   |   |   | (247,065 | ) |
| 2012                           |   |                        | -       |   |                         |   | -      |                        |   |   | -                            |   |   |                        | -      |   |   |   | - |   |   |   | - |   |   |   | 289,753 |   |   |   | 1.88 |   |   |   | (241,589 | ) |
| 2013                           |   |                        | -       |   |                         |   | -      |                        |   |   | -                            |   |   |                        | -      |   |   |   | - |   |   |   | - |   |   |   | 264,036 |   |   |   | 1.88 |   |   |   | (198,855 | ) |
|                           |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NYMEX                          |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2010                           |   |                        | 8,928   |   |                         |   | 5.75   |                        |   |   | 8,928                        |   |   |                        | 8.30   |   |   |   | 205,984 |   |   |   | 5.64 |   |   |   | - |   |   |   | - |   |   |   | (70,616 | ) |
| 2011                           |   |                        | 12,015  |   |                         |   | 5.75   |                        |   |   | 12,015                       |   |   |                        | 8.30   |   |   |   | 77,494 |   |   |   | 6.96 |   |   |   | - |   |   |   | - |   |   |   | 1,058 |   |
| 2012                           |   |                        | -       |   |                         |   | -      |                        |   |   | -                            |   |   |                        | -      |   |   |   | 77,596 |   |   |   | 6.96 |   |   |   | - |   |   |   | - |   |   |   | (14,711 | ) |
|                           |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Natural Gas              |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   | 20,301 |   |
|                           |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Oil                            |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Rocky Mountain Region          |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| NYMEX                          |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 3Q 2009                        |   |                        | -       |   |                         |   | -      |                        |   |   | -                            |   |   |                        | -      |   |   |   | 5,159 |   |   |   | 90.52 |   |   |   | - |   |   |   | - |   |   |   | 100,537 |   |
| 4Q 2009                        |   |                        | -       |   |                         |   | -      |                        |   |   | -                            |   |   |                        | -      |   |   |   | 5,159 |   |   |   | 90.52 |   |   |   | - |   |   |   | - |   |   |   | 90,917 |   |
| 2010                           |   |                        | -       |   |                         |   | -      |                        |   |   | -                            |   |   |                        | -      |   |   |   | 17,386 |   |   |   | 92.96 |   |   |   | - |   |   |   | - |   |   |   | 301,072 |   |
| Total Oil                      |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 492,526 |   |
|                           |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Natural Gas and Oil      |   |                        |    |   |                         |   |   |                        |   |   |                         |   |   |                        |   |   |   |   |   |   |   |   | $ | 512,827 |   |

----

Index

----

Index

|    |   | Three months ended                   |    |
|---------|--------|--------------------------------------|---------|
|    |   | 2009                                 |    |   | 2008 |   |
|    |   | ManagingGeneral PartnerDistributions |    |   | InvestorPartnersDistributions |   |   | TotalDistributions |   |   | ManagingGeneral PartnerDistributions |   |   | InvestorPartnersDistributions |   |   | TotalDistributions |   |
|    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 30 |   | $                                    | 278,803 |   |   | $ | 1,115,214 |   |   | $ | 1,394,017 |   |   | $ | 281,468 |   |   | $ | 1,125,873 |   |   | $ | 1,407,341 |   |

|    |   | Six months ended                     |    |
|---------|--------|--------------------------------------|---------|
|    |   | 2009                                 |    |   | 2008 |   |
|    |   | ManagingGeneral PartnerDistributions |    |   | InvestorPartnersDistributions |   |   | TotalDistributions |   |   | ManagingGeneral PartnerDistributions |   |   | InvestorPartnersDistributions |   |   | TotalDistributions |   |
|    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 30 |   | $                                    | 476,571 |   |   | $ | 1,906,290 |   |   | $ | 2,382,861 |   |   | $ | 501,377 |   |   | $ | 2,005,513 |   |   | $ | 2,506,890 |   |

----

Index

|   | — | A $1.8 million increase in realized oil and gas price risk management, net offset by an decrease in oil and gas sale revenues of $2.8 million, or 66%; and a decrease in due from Managing General Partner, other, net of $0.5 million. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | A decrease in production and operating cost of $0.3 million and an increase in direct costs – general and administrative of $0.1 million. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

| Item 4T. | Controls and Procedures |
|----------|-------------------------|

----

Index

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 1A. | Risk Factors |
|----------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

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Index

te

| Item 6. | Exhibits |
|---------|----------|

| (a) | Exhibit Index. |
|-----|----------------|

|          |   |                                                                                                                                                                                                                                  |   | Incorporated by Reference  |   |           |
|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|--------|----------------|
| ExhibitNumber |   | Exhibit Description                                                                                                                                                                                                                   |   | Form                       |   | SEC FileNumber |   | Exhibit |   | Filing Date |   | Filed Herewith |
| 3.1           |   | Limited Partnership Agreement (filed by PDC as Managing General Partner for PDC 2004-2006 Drilling Program)                                                                                                                           |   | S-1 Post-Effective Amend 2 |   | 333-111260     |   | Appendix A |   | 06/29/2005 |   |   |
|          |   |                                                                                                                                                                                                                                  |   |                       |   |           |   |   |   |   |   |   |
| 3.2           |   | Certificate of limited partnership which reflects the organization of the Partnership under West Virginia law                                                                                                                         |   | 10-K                       |   | 000-51452      |   | 3.2 |   | 02/26/2009 |   |   |
|          |   |                                                                                                                                                                                                                                  |   |                       |   |           |   |   |   |   |   |   |
| 10.1          |   | Drilling and operating agreement between PDC as Managing General Partner of the Partnership                                                                                                                                           |   | 10-K                       |   | 000-51452      |   | 10.1 |   | 02/26/2009 |   |   |
|          |   |                                                                                                                                                                                                                                  |   |                       |   |           |   |   |   |   |   |   |
| 31.1          |   | Rule 13a-14(a)/15d-14(c) Certification of Chief Executive Officer of Petroleum Development Corporation, the Managing General Partner of the Partnership as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.         |   |                       |   |           |   |   |   |   |   | X |
|          |   |                                                                                                                                                                                                                                  |   |                       |   |           |   |   |   |   |   |   |
| 31.2          |   | Rule 13a-14(a)/15d-14(c) Certification of Chief Financial Officer of Petroleum Development Corporation, the Managing General Partner of the Partnership as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.         |   |                       |   |           |   |   |   |   |   | X |
|          |   |                                                                                                                                                                                                                                  |   |                       |   |           |   |   |   |   |   |   |
| 32.1          |   | Title 18 U.S.C. Section 1350 (Section 906 of Sarbanes-Oxley Act of 2002) Certifications by Chief Executive Officer and Chief Financial Officer of Petroleum Development Corporation, the Managing General Partner of the Partnership. |   |                       |   |           |   |   |   |   |   | X |

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Index

PD

|   | PDC 2005-B Limited Partnership       |   |
|--------|--------------------------------------|--------|
|   | By its Managing General Partner      |   |
|   | Petroleum Development Corporation    |   |
|   |                                 |   |
|   | By: /s/ Richard W. McCullough        |   |
|   | Richard W. McCullough                |   |
|   | Chairman and Chief Executive Officer |   |
|   | August 14, 2009                      |   |

| Signature                 |   | Title                                      |   | Date            |
|---------------------------|--------|--------------------------------------------|--------|-----------------|
|                      |   |                                       |   |            |
| /s/ Richard W. McCullough |   | Chairman and Chief Executive Officer       |   | August 14, 2009 |
| Richard W. McCullough     |   | Petroleum Development Corporation          |   |            |
|                      |   | Managing General Partner of the Registrant |   |            |
|                      |   | (Principal executive officer)              |   |            |
|                      |   |                                       |   |            |
| /s/ Gysle R. Shellum      |   | Chief Financial Officer                    |   | August 14, 2009 |
| Gysle R. Shellum          |   | Petroleum Development Corporation          |   |            |
|                      |   | Managing General Partner of the Registrant |   |            |
|                      |   | (Principal financial officer)              |   |            |
|                      |   |                                       |   |            |
| /s/ R. Scott Meyers       |   | Chief Accounting Officer                   |   | August 14, 2009 |
| R. Scott Meyers           |   | Petroleum Development Corporation          |   |            |
|                      |   | Managing General Partner of the Registrant |   |            |
|                      |   | (Principal accounting officer)             |   |            |

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