|                                             | United      States                                                                            |
|--------------------------------------------------|-----------------------------------------------------------------------------------------------|
|                                             | Securities      and Exchange Commission                                                       |
|                                             | Washington,      D.C. 20549                                                                   |
|                                             |                                                                                          |
|                                             | Form      10-KSB                                                                              |
| (Mark      One)                                  |
|                                             |                                                                                          |
| R                                                | ANNUAL      REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934     |
|                                             |                                                                                          |
| For      the fiscal year ended December 31, 2007 |
|                                             |                                                                                          |
| o                                                | TRANSITION      REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|                                             |                                                                                          |
|                                             |                                                                                          |
|                                             | For      the transition period from _____ to _____                                            |
|                                             |                                                                                          |
|                                             | Commission      file number 0-52168                                                           |
|                                             |                                                                                          |
|                                             | ATLAS      AMERICA PUBLIC #15-2006 (B) L.P.                                                   |
|                                             | (Name      of small business issuer in itscharter)                                            |

| Delaware                                                                                                                         |   | 20-3208390                                     |
|----------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|
| (State      or other jurisdiction of                                                                                             |   | (I.R.S.      Employer                          |
| Incorporation      or organization)                                                                                              |   | Identification      No)                        |
|                                                                                                                             |   |                                           |
| Westpointe      Corporate Center One                                                                                             |   |                                           |
| 1550      Coraopolis Heights Road, 2nd Floor                                                                                     |   |                                           |
| Moon      Township, PA                                                                                                           |   | 15108                                          |
| (address      of principal executive offices)                                                                                    |   | (Zip      Code)                                |
|                                                                                                                             |   |                                           |
| Issuer’s      telephone number (412)      262-2830                                                                         |   |                                           |
|                                                                                                                             |   |                                           |
| Securities      registered under Section 12(b) of the Exchange Act.                                                              |
|                                                                                                                             |   |                                           |
| Title      of each class                                                                                                         |   | Name      of each exchange on which registered |
| None                                                                                                                             |   | None                                           |
|                                                                                                                             |   |                                           |
| Securities      registered under Section 12(g) of the Exchange Act Investor General      Partner Units and Limited Partner Units |
| (Title      of Class)                                                                                                            |

| PART      I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | PAGE   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      1:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Description      of      Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 3-5    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      2:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Description      of      Properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 5-10   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      3:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Legal      Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 10     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      4:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Submission      of Matters to a Vote of Security Holders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 10     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| PART      II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      5:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Market      for Registrant’s Common Equity and Related Security Holder      Matters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 10-11  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      6:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Management’s      Discussion and Analysis of Financial Condition or Plan of      Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 11-17  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      7:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Financial      Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 18-34  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      8:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 34     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      8A:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Controls      and      Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 34-35  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      8B:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Other      Information                                                                                                                                                      | 35     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| PART      III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      9:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Directors,      Executive Officers and Significant Employees, Compliance with Section      (16a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | of      the Exchange      Act                                                                                                                                               | 35-37  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      10:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Executive      Compensation                                                                                                                                                 | 37     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      11:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Security      Ownership of Certain Beneficial Owners and Management                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 38     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      12:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Certain      Relationships and Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 38-39  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      13:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Exhibits                                                                                                                                                                    | 39     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      14:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Principal      Accountant Fees and      Services                                                                                                                            | 39     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| SIGNATURES                                                                                                                                                | 40     |

| ·   | well      tending, routine maintenance andadjustment; |
|--------------------|-------------------------------------------------------|

| ·   | reading      meters, recording production, pumping, maintaining appropriate books and      records; and |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | preparing      reports to us and to governmentagencies. |
|--------------------|---------------------------------------------------------|

| ·   | new      well permit and well registration requirements, procedures and      fees; |
|--------------------|------------------------------------------------------------------------------------|

| ·   | minimum      well spacing requirements; |
|--------------------|-----------------------------------------|

| ·   | restriction      on well locations and underground gasstorage; |
|--------------------|----------------------------------------------------------------|

| ·   | certain      well site restoration, groundwater protection and safety      measures; |
|--------------------|--------------------------------------------------------------------------------------|

| ·   | landowner      notification requirements; |
|--------------------|-------------------------------------------|

| ·   | certain      bonding or other security measures; |
|--------------------|--------------------------------------------------|

| ·   | various      reporting requirements; |
|--------------------|--------------------------------------|

| ·   | well      plugging standards and procedures;and |
|--------------------|-------------------------------------------------|

| ·   | broad      enforcement powers. |
|--------------------|--------------------------------|

|                          |   | Development      Wells |   |
|-------------------------------|--------|------------------------|--------|
| Years      Ended December 31, |   | Productive      (1)    |   |   | Dry      (2) |   |
|                          |   | Gross      (3)         |   |   | Net      (4) |   |   | Gross      (3) |   |   | Net      (4) |   |
| 2007                          |   |                   | 90     |   |   |   | 68.96 |   |   |   | 1 |   |   |   | 1 |   |
| 2006                          |   |                   | 458    |   |   |   | 430.01 |   |   |   | 2 |   |   |   | 2 |   |
|                          |   |                   | 548    |   |   |   | 498.97 |   |   |   | 3 |   |   |   | 3 |   |

| (1)   | A      “productive well” generally means a well that is not a dry      hole. |
|-----------------|------------------------------------------------------------------------------------------|

| (2)   | A      “dry hole” generally means a well found to be incapable of producing      either oil or gas in sufficient quantities to justify completion as an oil      or gas well.  The term “completion” refers either to the      installation of permanent equipment for the production of oil or gas or,      in the case of a dry hole, to the reporting of the abandonment of the well      to the appropriate regulatoryagency. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | A      “gross” well is a well in which we have a working  interest. |
|-----------------|---------------------------------------------------------------------------------|

| (4)   | A      “net” well equals the actual working interest we own in one gross well      divided by one hundred. For example, a 50% working interest in a well is      one gross well, but a .50 net well. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                  |   | Number      of Producing Wells |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                  |   | Gross                          |   |   | Net |   |
| Gas                                                                    |   |                           | 510    |   |   |   | 463.97 |   |
| Oil                                                                    |   |                           | 38     |   |   |   | 35.00 |   |
| Total                                                                                           |   |                           | 548    |   |   |   | 498.97 |   |

|              |   |                |   |   |                     |   |      | Average             |   |
|-------------------|--------|---------------------|--------|--------|--------------------------|--------|-----------|---------------------|--------|
| Year              |   |                |   |   |                     |   |      |                |   |   |   |   |   | Production      Cost |   |
| Ended             |   | Production          |   |   | Average      Sales Price |   |      | (Lifting      Cost) |   |
| December      31, |   | Oil      (bbls) (1) |   |   | Gas      (mcf) (1)       |   |      | per      bbl (1)    |   |   | per      mcf (1) |   |   | per      mcfe (1) (2) |   |
| 2007              |   |                | 19,700 |   |                     |   | 4,319,800 |                |   | $ | 69.52 |   |   | $ | 8.62 |   |   | $ | 1.63 |   |
| 2006              |   |                | 1,400  |   |                     |   | 795,700   |                |   | $ | 56.75 |   |   | $ | 7.31 |   |   | $ | 1.10 |   |

| (1)   |  “Mcf”      means one thousand cubic feet of natural gas.  “Mcfe” means a      thousand cubic feet equivalent.  Oil production is converted to      mcfe at the rate of six mcf per barrel(“bbl”). |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Lifting      costs include labor to operate the wells and related equipment, repairs      and maintenance, materials and supplies, property taxes, insurance and      gathering charges. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                               |   | December      31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                               |   | 2007              |   |   | 2006 |   |
| Natural      gas (per mcf)                                                                                                                                                                                                                                         |   | $                 | 7.41   |   |   | $ | 6.14 |   |
| Oil      ( per      bbl)                                        |   |              | 88.89  |   |   |   | 57.25 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | At      December 31, |       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2007                 |       |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                 |       |   |   |   |
| Natural      gas reserves – Proved Reserves (Mcf) (1)(4):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                 |       |   |   |   |
| Proved      developed reserves      (2)                                                                                                                                       |   |                 | 27,058,600 |   |   |   | 30,552,100 |   |
| Total      proved reserves of natural      gas                                                                                                                                                    |   |                 | 27,058,600 |   |   |   | 30,552,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                 |       |   |   |   |   |   |
| Oil      reserves – Proved Reserves (Bbl) (1)(4):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                 |       |   |   |   |   |   |
| Proved      developed reserves      (2)                                                                                                                                       |   |                 | 52,200     |   |   |   | 16,200 |   |
| Total      proved reserves of      oil                                                                                                                                                            |   |                 | 52,200     |   |   |   | 16,200 |   |
| Total      proved reserves      (Mcfe)                                                                                                          |   |                 | 27,371,800 |   |   |   | 30,649,300 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                 |       |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                 |       |   |   |   |   |   |
| PV-10      estimate of cash flows of proved reserves (3)(4):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                 |       |   |   |   |   |   |
| Proved      developed      reserves                                                                                                                                           |   |                 | 70,178,100 |   |   | $ | 70,415,500 |   |
| Total      PV-10      estimate                                                                                                                                                                    |   |                 | 70,178,100 |   |   | $ | 70,415,500 |   |
| PV-10      estimate per investor partner unit      (5)                                                                                          |   |                 | 3,125      |   |   | $ | 3,135 |   |
| Undiscounted      estimate per investor partner unit (5)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                 | 5,575      |   |   | $ | 5,161 |   |

| (1)   | “Proved      reserves” generally means the estimated quantities of crude oil, natural      gas, and natural gas liquids which geological and engineering data      demonstrate with reasonable certainty to be recoverable in future years      from known reservoirs under existing economic and operating conditions,      i.e., prices and costs as of the date the estimate is made. Prices include      consideration of changes in existing prices provided only by contractual      arrangements, but not on escalations based upon future      conditions.  Reservoirs are considered proved if economic      production is supported by either actual production or conclusive      formation test.  The area of a reservoir considered proved      includes:  that portion delineated by drilling and defined by      gas-oil and/or oil-water contacts, if any; and the immediately adjoining      portions not yet drilled, but which can be reasonably judged as      economically productive on the basis of available geological and      engineering data. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | “Proved      developed reserves” generally means reserves that can be expected to be      recovered through existing wells with existing equipment and operating      methods. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The      present value of estimated future net cash flows is calculated by      discounting estimated future net cash flows by 10%    annually. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Please      see Regulation S-X rule 4-10 for complete definitions of each reserve      category. |
|-----------------|--------------------------------------------------------------------------------------------------|

| (5)   | This      value per $10,000 unit is determined by following the methodology used for      determining our proved reserves using the data discussed      above.  However, this value does not necessarily reflect the      fair market value of a unit, and each unit is illiquid.  Also,      the value of a unit for purposes of presentment of the unit to our MGP for      purchase is different, because it is calculated under a formula set forth      in the partnership agreement. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                 |   | Developed      Acreage |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-----------|
| Location                                                                                                                                                                                                                                                                                                                                                                             |   | Gross      (1)         |      |   | Net      (2) |   |
| Pennsylvania                                                             |   |                   | 10,035.60 |   |   |   | 9,396.63 |   |
| Tennessee                                                                |   |                   | 2,200.00  |   |   |   | 1,678.75 |   |
| Ohio                                                                     |   |                   | 100.00    |   |   |   | 75.00 |   |
| Total                                                                                                  |   |                   | 12,335.60 |   |   |   | 11,150.38 |   |

| (1)   | A      “gross” acre is an acre in which we own a working  interest. |
|-----------------|---------------------------------------------------------------------------------|

| (2)   | A      “net” acre equals the actual working interest we own in one gross acre      divided by one hundred.  For example, a 50% working interest in      an acre is one gross acre, but a .50 netacre. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our      managing general partner consent; |
|--------------------|--------------------------------------------|

| ·   | the      transfer not result in materially adverse tax consequences to us;      and |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | the      transfer not violate federal or state securities  laws. |
|--------------------|------------------------------------------------------------------|

| ·   | the      assignor gives the assignee theright; |
|--------------------|------------------------------------------------|

| ·   | our      managing general partner consents to the  substitution; |
|--------------------|------------------------------------------------------------------|

| ·   | the      assignee pays to us all costs and expenses incurred in connection with the      substitution; and |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | the      assignee executes and delivers the instruments, which our MGP requires to      effect the substitution and to confirm his or her agreement to be bound by      the terms of our partnershipagreement. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | $16,386,600      to our limited partners; and |
|--------------------|-----------------------------------------------|

| ·   | $8,524,600      to our managing general partner. |
|--------------------|--------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              |   |   | For      the Period      |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|--------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              |   |   | May      9, 2006         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | For      the Year |   |   | (date      of formation) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Ended             |   |   | Through                  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | December      31, |   |   | December      31,        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2007              |   |   | 2006                     |   |
| Production      revenues (in thousands):                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |   |   |                     |   |
| Gas                                                                                                                                  |   | $                 | 37,258 |   |                     | $      | 5,814 |   |
| Oil                                                                                                                                  |   | $                 | 1,368  |   |                     | $      | 81 |   |
| Total                                                                                                                                |   | $                 | 38,626 |   |                     | $      | 5,895 |   |
| Production      volumes:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |   |   |                     |   |   |   |
| Gas      (mcf/day) (2)                                                                                                               |   |              | 11,835 |   |                     |   | 2,180 |   |
| Oil      (bbls/day) (2)                                                                                                              |   |              | 54     |   |                     |   | 4 |   |
| Total      (mcfe/day) (2)                                                                                                            |   |              | 12,159 |   |                     |   | 2,204 |   |
| Average      sales price:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |              |   |   |                     |   |   |   |
| Gas      (per mcf) (1)(2)                                                                                                            |   | $                 | 8.62   |   |                     | $      | 7.31 |   |
| Oil      (per bbl) (2)                                                                                                               |   | $                 | 69.52  |   |                     | $      | 56.75 |   |
| Average      production costs:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |              |   |   |                     |   |   |   |
| As      a percent of      sales                                                                                                      |   |              | 19     | %      |                     |   | 15 | % |
| Per      mcfe (2)                                                                                                                    |   | $                 | 1.63   |   |                     | $      | 1.10 |   |
| Depletion      per      mcfe                                                                                |   | $                 | 4.87   |   |                     | $      | 4.21 |   |

| (1)   | The      average sales price per mcf before the effects of hedging was $7.50 and      $6.89 for the year ended December 31, 2007 and period ended December 31,      2006, respectively. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | “Mcf”      means thousand cubic feet; “mcfe” means thousand cubic feet equivalent and      “bbls” means barrels.  Bbls are converted to mcfe using the      ratio of six mcfs to one bbl. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fixed      Price Swaps |               |   |                 |      |   |             |   |   |                 |   |
|------------------------|--------------------|--------|----------------------|-----------|--------|------------------|--------|--------|----------------------|--------|
|                   |               |   |                 |      |   |             |   |   |                 |   |
|                   | Twelve      Month  |   |                 |      |   | Average          |   |   | Fair      Value      |   |
|                   | Period      Ending |   | Volumes              |      |   | Fixed      Price |   |   | Asset/               |   |
|                   | December      31,  |   | (per      MMBTU) (1) |      |   | (per      MMBTU) |   |   | (Liability)      (2) |   |
|                   |               |   |                 |      |   |             |   |   |                 |   |
|                   | 2008               |   |                 | 2,683,100 |   |             | $      | 8.69   |                 |   | $ | 2,372,200 |   |
|                   | 2009               |   |                 | 2,603,600 |   |             |   | 8.31   |                 |   |   | (457,100 | ) |
|                   | 2010               |   |                 | 1,490,600 |   |             |   | 7.61   |                 |   |   | (1,301,600 | ) |
|                   | 2011               |   |                 | 795,000   |   |             |   | 7.37   |                 |   |   | (799,100 | ) |
|                   |               |   |                 |      |   |             |   |   |                 |   | $ | (185,600 | ) |

| Costless      Collars |               |   |                |   |                 |      |   |                 |               |   |                 |   |
|-----------------------|--------------------|--------|---------------------|--------|----------------------|-----------|--------|----------------------|--------------------|--------|----------------------|--------|
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   |
|                  | Twelve      Month  |   |                |   |                 |      |   | Average              |               |   | Fair      Value      |   |
|                  | Period      Ending |   | Option              |   | Volumes              |      |   | Floor      & Cap |               |   | Asset/               |   |
|                  | December      31,  |   | Type                |   | (per      MMBTU) (1) |      |   | (per      MMBTU)     |               |   | (Liability)      (2) |   |
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   |
|                  | 2008               |   | Puts      purchased |   |                 | 258,400   |   |                 | $                  | 7.50   |                 |   | $ | 61,100 |   |
|                  | 2008               |   | Calls      sold     |   |                 | 258,400   |   |                 |               | 9.40   |                 |   |   | — |   |
|                  | 2010               |   | Puts      purchased |   |                 | 477,000   |   |                 |               | 7.75   |                 |   |   | (157,000 | ) |
|                  | 2010               |   | Calls      sold     |   |                 | 477,000   |   |                 |               | 8.75   |                 |   |   | — |   |
|                  | 2011               |   | Puts      purchased |   |                 | 1,192,500 |   |                 |               | 7.50   |                 |   |   | (578,900 | ) |
|                  | 2011               |   | Calls      sold     |   |                 | 1,192,500 |   |                 |               | 8.45   |                 |   |   | — |   |
|                  | 2012               |   | Puts      purchased |   |                 | 119,200   |   |                 |               | 7.00   |                 |   |   | (77,900 | ) |
|                  | 2012               |   | Calls      sold     |   |                 | 119,200   |   |                 |               | 8.37   |                 |   |   | — |   |
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   | $ | (752,700 | ) |
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   |   |   |   |
|                  |               |   |                |   |                 |      |   |                 | Net      Liability |   |                 | $      | (938,300 | ) |

| (1)   | MMBTU      represents million British ThermalUnits. |
|-----------------|-----------------------------------------------------|

| (2)   | Fair      value based on forward NYMEX natural gasprices. |
|-----------------|-----------------------------------------------------------|

opinion on these financialstatements based on our audits.

audit to obtain reasonableassurance about whether the financial statements are free of materialmisstatement. ThePartnership is not required to have, nor were we engaged to perform an 
audit of its internal control over financial reporting. Our 
audit included consideration of internal control over financialreporting as a basis for designing 
audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Partnership’s internalcontrol over financial reporting. Accordingly, we expressno such 
opinion. An 
audit also includes examining, on a test basis, evidence supportingthe amounts and disclosures in the financial statements, assessing theaccounting principles used and significant estimates made by management, as wellas evaluating the overall financial statement presentation. We believe that ouraudits provide a reasonable basis for our 
opinion.

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 2007   |        |   | 2006   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |        |   |   |   |
| Current      assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |        |   |   |   |
| Cash      and cash      equivalents                                                                                                               |   | $      | 2,680,200   |   |   | $      | 1,305,800 |   |
| Accounts      receivable-affiliate                                                                                                                |   |   | 8,299,300   |   |   |   | 33,834,200 |   |
| Short-term      hedge receivable due from      affiliate                                                                                          |   |   | 2,492,200   |   |   |   | 2,139,100 |   |
| Total      current      assets                                                                                                                                             |   |   | 13,471,700  |   |   |   | 37,279,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |        |   |   |   |   |   |
| Oil      and gas properties,      net                                                                                                             |   |   | 154,541,600 |   |   |   | 143,969,600 |   |
| Long-term      hedge receivable due from      affiliate                                                                                           |   |   | 372,600     |   |   |   | 1,846,700 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 168,385,900 |   |   | $      | 183,095,400 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |        |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |        |   |   |   |   |   |
| LIABILITIES      AND PARTNERS’ CAPITAL                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |        |   |   |   |   |   |
| Current      liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |        |   |   |   |   |   |
| Accrued      liabilities                                                                                                                          |   | $      | 23,900      |   |   | $      | 18,000 |   |
| Short-term      hedge liability due to      affiliate                                                                                             |   |   | 58,900      |   |   |   | 13,300 |   |
| Total      current      liabilities                                                                                                                                        |   |   | 82,800      |   |   |   | 31,300 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |        |   |   |   |   |   |
| Asset      retirement      obligations                                                                                                            |   |   | 4,070,700   |   |   |   | 3,653,400 |   |
| Long-term      hedge liability due to      affiliate                                                                                              |   |   | 3,744,200   |   |   |   | 297,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |        |   |   |   |   |   |
| Partners’      capital:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |        |   |   |   |   |   |
| Managing      general      partner                                                                                                                |   |   | 35,402,400  |   |   |   | 27,715,500 |   |
| Limited      partners (14,772.60      units)                                                                                                      |   |   | 126,024,100 |   |   |   | 147,722,700 |   |
| Accumulated      other comprehensive (loss) income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (938,300    | )      |   |   | 3,675,400 |   |
| Total      partners'      capital                                                                                                                                               |   |   | 160,488,200 |   |   |   | 179,113,600 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 168,385,900 |   |   | $      | 183,095,400 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2007   |       |   | 2006   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| REVENUES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |       |   |   |   |
| Natural      gas and      oil                                                                                                     |   | $      | 38,626,000 |   |   | $      | 5,894,700 |   |
| Interest      income                                                                                                              |   |   | 53,500     |   |   |   | 200 |   |
| Total      revenues                                                                                                                                        |   |   | 38,679,500 |   |   |   | 5,894,900 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |       |   |   |   |   |   |
| COST      AND EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |   |   |   |
| Production                                                                                                                        |   |   | 7,218,900  |   |   |   | 885,600 |   |
| Depletion                                                                                                                         |   |   | 21,610,800 |   |   |   | 3,389,400 |   |
| Impairment      of oil and gas      properties                                                                                    |   |   | 8,993,600  |   |   |   | — |   |
| Accretion      of asset retirement      obligation                                                                                |   |   | 236,800    |   |   |   | 206,800 |   |
| General      and      administrative                                                                                              |   |   | 515,700    |   |   |   | 87,400 |   |
| Total      expenses                                                                                                                                        |   |   | 38,575,800 |   |   |   | 4,569,200 |   |
| Net      earnings                                                                                                                 |   | $      | 103,700    |   |   | $      | 1,325,700 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |       |   |   |   |   |   |
| Allocation      of net (loss) earnings:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |       |   |   |   |   |   |
| Managing      general      partner                                                                                                |   | $      | 5,415,700  |   |   | $      | 1,116,100 |   |
| Limited      partners                                                                                                             |   | $      | (5,312,000 | )      |   | $      | 209,600 |   |
| Net      (loss) earnings per limited partnership unit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | (360       | )      |   | $      | 14 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2007   |       |   | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |
| Net      earnings                                                                                                                                        |   | $      | 103,700    |   |   | $      | 1,325,700 |   |
| Other      comprehensive (loss) income:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |   |   |
| Unrealized      holding gain on hedging      contracts                                                                                                   |   |   | 236,600    |   |   |   | 4,006,200 |   |
| Less:      reclassification adjustment for gains realized in net    earnings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | (4,850,300 | )      |   |   | (330,800 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | (4,613,700 | )      |   |   | 3,675,400 |   |
| Comprehensive      (loss)      income                                                                                                                    |   | $      | (4,510,000 | )      |   | $      | 5,001,100 |   |

|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        | Accumulated        |   |   |       |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|-------------|--------|----------|--------|-------------|--------------------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                           |   | Managing |        |   |     |   |        | Other              |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                           |   | General  |        |   | Limited  |   |        | Comprehensive      |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                           |   | Partner  |        |   | Partners |   |        | Income      (Loss) |   |   | Total      |   |
| Balance      at May 9, 2006                                                                                                                                                                                                                                                                                                                    |   | $        | —     |   |     | $      | —     |               |   | $      | —    |   |   | $ | — |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Partners’      capital contributions                                                                                                                                                                                                                                                                                                     |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Cash                                                        |   |     | —     |   |     |   | 147,513,100 |               |   |   | —    |   |   |   | 147,513,100 |   |
| Syndication      and offering costs                                                                                                                                                                                                                                                                                                            |   |     | 15,488,900  |   |     |   | —     |               |   |   | —    |   |   |   | 15,488,900 |   |
| Tangible      equipment/leasehold costs                                                                                                                                                                                                                                                                                                        |   |     | 26,599,400  |   |     |   | —     |               |   |   | —    |   |   |   | 26,599,400 |   |
| Total      contributions                                                                                                                                                                                                                                                                                                                       |   |     | 42,088,300  |   |     |   | 147,513,100 |               |   |   | —    |   |   |   | 189,601,400 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Syndication      and offering costs, immediately charged to capital                                                                                                                                                                                                                                                                            |   |     | (15,488,900 | )      |     |   | —     |               |   |   | —    |   |   |   | (15,488,900 | ) |
|                                                                                                                                                                                                                                                                                                                                           |   |     | 26,599,400  |   |     |   | 147,513,100 |               |   |   | —    |   |   |   | 174,112,500 |   |
| Participation      in revenue and costs and expenses                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Net      production revenues                                                                                                                                                                                                                                                                                                                   |   |     | 1,714,100   |   |     |   | 3,295,000   |               |   |   | —    |   |   |   | 5,009,100 |   |
| Interest      income                                                                                                                                                                                                                                                                                                                           |   |     | 100         |   |     |   | 100         |               |   |   | —    |   |   |   | 200 |   |
| Depletion                                                                                                                                                                                                                                                                                                                                      |   |     | (497,400    | )      |     |   | (2,892,000  | )                  |   |   | —    |   |   |   | (3,389,400 | ) |
| Accretion      expense                                                                                                                                                                                                                                                                                                                         |   |     | (70,800     | )      |     |   | (136,000    | )                  |   |   | —    |   |   |   | (206,800 | ) |
| General      and administrative                                                                                                                                                                                                                                                                                                                |   |     | (29,900     | )      |     |   | (57,500     | )                  |   |   | —    |   |   |   | (87,400 | ) |
| Net      earnings                                                                                                                                                                                                                                                                                                                              |   |     | 1,116,100   |   |     |   | 209,600     |               |   |   | —    |   |   |   | 1,325,700 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Other      comprehensive income                                                                                                                                                                                                                                                                                                                |   |     | —     |   |     |   | —     |               |   |   | 3,675,400  |   |   |   | 3,675,400 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Balance      at December 31, 2006                                                                                                                                                                                                                                                                                                              |   | $        | 27,715,500  |   |     | $      | 147,722,700 |               |   | $      | 3,675,400  |   |   | $ | 179,113,600 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Participation      in revenue and costs and expenses                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Net      production revenues                                                                                                                                                                                                                                                                                                                   |   |     | 10,747,500  |   |     |   | 20,659,600  |               |   |   | —    |   |   |   | 31,407,100 |   |
| Interest      income                                                                                                                                                                                                                                                                                                                           |   |     | 18,300      |   |     |   | 35,200      |               |   |   | —    |   |   |   | 53,500 |   |
| Depletion                                                                                                                                                                                                                                                                                                                                      |   |     | (3,596,100  | )      |     |   | (18,014,700 | )                  |   |   | —    |   |   |   | (21,610,800 | ) |
| Impairment      of oil and gas properties                                                                                                                                                                                                                                                                                                      |   |     | (1,496,500  | )      |     |   | (7,497,100  | )                  |   |   | —    |   |   |   | (8,993,600 | ) |
| Accretion      expense                                                                                                                                                                                                                                                                                                                         |   |     | (81,000     | )      |     |   | (155,800    | )                  |   |   | —    |   |   |   | (236,800 | ) |
| General      and administrative                                                                                                                                                                                                                                                                                                                |   |     | (176,500    | )      |     |   | (339,200    | )                  |   |   | —    |   |   |   | (515,700 | ) |
| Net      earnings (loss)                                                                                                                                                                                                                                                                                                                       |   |     | 5,415,700   |   |     |   | (5,312,000  | )                  |   |   | —    |   |   |   | 103,700 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| MGP      asset contribution                                                                                                                                                                                                                                                                                                                    |   |     | 10,795,800  |   |     |   | —     |               |   |   | —    |   |   |   | 10,795,800 |   |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Other      comprehensive loss                                                                                                                                                                                                                                                                                                                  |   |     | —     |   |     |   | —     |               |   |   | (4,613,700 | )      |   |   | (4,613,700 | ) |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Distributions      to partners                                                                                                                                                                                                                                                                                                                 |   |     | (8,524,600  | )      |     |   | (16,386,600 | )                  |   |   | —    |   |   |   | (24,911,200 | ) |
|                                                                                                                                                                                                                                                                                                                                           |   |     |        |   |     |   |        |               |   |   |       |   |   |   |   |   |
| Balance      at December 31, 2007                                                                                                                                                                                                                                                                                                              |   | $        | 35,402,400  |   |     | $      | 126,024,100 |               |   | $      | (938,300   | )      |   | $ | 160,488,200 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2007   |                                  |   | 2006   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------|--------|--------|--------|
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |                                  |   |   |   |
| Net      earnings                                                                                                                 |   | $      | 103,700                               |   |   | $      | 1,325,700 |   |
| Adjustments      to reconcile net earnings to net cash provided by operating      activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |                                  |   |   |   |   |   |
| Depletion                                                                                                                                                  |   |   | 21,610,800                            |   |   |   | 3,389,400 |   |
| Impairment      of oil and gas properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 8,993,600                             |   |   |   | — |   |
| Accretion      of asset retirement obligation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 236,800                               |   |   |   | 206,800 |   |
| Increase      in accrued liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 5,900                                 |   |   |   | 18,000 |   |
| Increase      in accounts receivable affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | (4,665,200                            | )      |   |   | (3,634,100 | ) |
| Net      cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 26,285,600                            |   |   |   | 1,305,800 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |                                  |   |   |   |   |   |
| Cash flows from investing      activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |                                  |   |   |   |   |   |
| Oil      and gas well drilling contracts paid to MGP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |          —  |   |   |   | (147,513,100  | ) |
| Net      cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | —                          |   |   |   | (147,513,100  | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |                                  |   |   |   |   |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |                                  |   |   |   |   |   |
| Partners'      capital contributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | —                          |   |   |   | 147,513,100  |   |
| Distributions      to partners                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | (24,911,200                           | )      |   |   | — |   |
| Net      cash (used in) provided by financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | (24,911,200                           | )      |   |   | 147,513,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |                                  |   |   |   |   |   |
| Net      increase in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 1,374,400                             |   |   |   | 1,305,800 |   |
| Cash      and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 1,305,800                             |   |   |   | — |   |
| Cash      and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $      | 2,680,200                             |   |   | $      | 1,305,800 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |                                  |   |   |   |   |   |
| Supplemental Schedule      of non-cash investing and financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |                                  |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |                                  |   |   |   |   |   |
| Assets      contributed by the managing general partner:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |                                  |   |   |   |   |   |
| Tangible      equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 5,596,400                             |   |   | $      | 22,980,000 |   |
| Lease      costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 602,700                               |   |   |   | 3,619,400 |   |
| Intangible      drilling costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 4,596,700                             |   |   |   | — |   |
| Syndication      and offering costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | —                               |   |   |   | 15,488,900 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $      | 10,795,800                            |   |   | $      | 42,088,300 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |                                  |   |   |   |   |   |
| Asset      retirement obligation revision                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $      | 180,500                               |   |   | $      | 3,446,600 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | December      31, |        |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2007              |        |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |              |        |   |   |   |
| Mineral      interest in properties:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |              |        |   |   |   |
| Proved      properties                                                                                                                                    |   | $                 | 4,222,100   |   |   | $ | 3,619,400 |   |
| Wells      and related      equipment                                                                                                                     |   |              | 184,313,300 |   |   |   | 143,739,600 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |              | 188,535,400 |   |   |   | 147,359,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |              |        |   |   |   |   |   |
| Accumulated      depletion of oil and gas      properties                                                                                                 |   |              | (33,993,800 | ) |   |   | (3,389,400 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                 | 154,541,600 |   |   | $ | 143,969,600 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | Periods      Ended |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | December      31,  |      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2007               |      |   | 2006 |   |
| Asset      retirement obligation at beginning of      period                                                                                                 |   | $                  | 3,653,400 |   |   | $ | — |   |
| Liabilities      incurred from drilling      wells                                                                                                           |   |               | 549,900   |   |   |   | 3,446,600 |   |
| Revision      in      estimates                                                                                                                              |   |               | (369,400  | ) |   |   | — |   |
| Accretion      expense                                                                                                                                       |   |               | 236,800   |   |   |   | 206,800 |   |
| Asset      retirement obligation at end of      period                                                                                                       |   | $                  | 4,070,700 |   |   | $ | 3,653,400 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Managing |   |   |     |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | General  |   |   | Limited  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Partner  |   |   | Partners |   |
| Organization      and offering      costs                                                                                                             |   |     | 100    | %      |     |   | 0 | % |
| Lease      costs                                                                                                                                      |   |     | 100    | %      |     |   | 0 | % |
| Revenues      (1)                                                                                                                                     |   |     | 34.22  | %      |     |   | 65.78 | % |
| Operating      costs, administrative costs, direct costs and all other operating costs      (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |     | 34.22  | %      |     |   | 65.78 | % |
| Intangible      drilling      costs                                                                                                                   |   |     | 3.35   | %      |     |   | 96.65 | % |
| Tangible      equipment      costs                                                                                                                    |   |     | 65.95  | %      |     |   | 34.05 | % |

| (1)   | Subject      to the MGP’s subordination obligation, substantially all partnership      revenues will be shared in the same percentage as capital contributions      are to the total partnership capital contributions, except that the MGP      will receive an additional 7% of the partnership revenues, which may not      exceed 40%. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | These      costs will be charged to the partners in the same ratio as the related      production revenues are credited. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------|

| ·   | Drilling      contracts to      drill and complete wells for the Partnership are charged at cost plus      15%.  The cost of the wells includes reimbursement to the      Partnership's MGP of its general and administrative overhead cost ($45,000      per well for Marcellus wells and $15,000 per well for all other      wells) and all ordinary and actual costs of drilling, testing and      completing the wells. The Partnership paid $147,513,100 to its MGP in 2006      under the drilling contract, of which $117,313,000 had been used through      December 31, 2006 for drilling costs and the remaining $30,200,100 was      used through December 31, 2007 for drilling  costs. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      Partnership's MGP contributed undeveloped leases necessary to cover each      of the Partnership’s prospects and as of December 31, 2007 and 2006      received a credit to its capital account in the Partnership of $602,700      and $3,619,400, respectively. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Administrative      costs which are included in general and administrative expenses in the      Partnership’s Statements of Net Earnings are payable at $75 per well per      month.  Administrative costs incurred in 2007 and 2006 were      $378,100 and $61,700, respectively. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Monthly      well supervision fees which are included in production expenses in the      Partnerships Statements of Net Earnings are payable at $285 per well per      month in 2007 and 2006 for operating and maintaining the      wells.  Well supervision fees incurred in 2007 and 2006 were      $1,454,200 and $234,300,respectively. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Transportation      fees which are included in production expenses in the Partnerships      Statements of Net Earnings are payable at rates ranging from $.29-$.35 per      one thousand cubic feet ("Mcf") to 13% of the natural gas sales price.      Transportation fees incurred in 2007 and 2006 were $4,561,200 and      $549,400, respectively. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Direct      costs which are included in production and general administrative expenses      in the Partnership's Statements of Net Earnings are payable to the MGP and      its affiliates as reimbursement for all costs expended on the      Partnership’s behalf. Direct costs incurred in 2007 and 2006 were      $1,341,100 and $127,600,respectively. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Asset      contributions from the MGP which are disclosed on the Partnership's      Statements of Cash Flows as a non-cash investing activity for the year      ended December 31, 2007 and for the period ended December 31, 2006 were      $10,795,800 and $42,088,300, respectively. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      MGP received a credit to it's capital account of $15,488,900 in 2006 for      fees, commissions and reimbursement costs to organize the      Partnership. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fixed      Price Swaps |               |   |                 |      |   |             |   |   |                 |   |
|------------------------|--------------------|--------|----------------------|-----------|--------|------------------|--------|--------|----------------------|--------|
|                   | Twelve      Month  |   |                 |      |   | Average          |   |   | Fair      Value      |   |
|                   | Period      Ending |   | Volumes              |      |   | Fixed      Price |   |   | Asset/               |   |
|                   | December      31,  |   | (per      MMBTU) (1) |      |   | (per      MMBTU) |   |   | (Liability)      (2) |   |
|                   |               |   |                 |      |   |             |   |   |                 |   |
|                   | 2008               |   |                 | 2,683,100 |   |             | $      | 8.69   |                 |   | $ | 2,372,200 |   |
|                   | 2009               |   |                 | 2,603,600 |   |             |   | 8.31   |                 |   |   | (457,100 | ) |
|                   | 2010               |   |                 | 1,490,600 |   |             |   | 7.61   |                 |   |   | (1,301,600 | ) |
|                   | 2011               |   |                 | 795,000   |   |             |   | 7.37   |                 |   |   | (799,100 | ) |
|                   |               |   |                 |      |   |             |   |   |                 |   | $ | (185,600 | ) |

| Costless      Collars |               |   |                |   |                 |      |   |                 |               |   |                 |   |
|-----------------------|--------------------|--------|---------------------|--------|----------------------|-----------|--------|----------------------|--------------------|--------|----------------------|--------|
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   |
|                  | Twelve      Month  |   |                |   |                 |      |   | Average              |               |   | Fair      Value      |   |
|                  | Period      Ending |   | Option              |   | Volumes              |      |   | Floor      & Cap |               |   | Asset/               |   |
|                  | December      31,  |   | Type                |   | (per      MMBTU) (1) |      |   | (per      MMBTU)     |               |   | (Liability)      (2) |   |
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   |
|                  | 2008               |   | Puts      purchased |   |                 | 258,400   |   |                 | $                  | 7.50   |                 |   | $ | 61,100 |   |
|                  | 2008               |   | Calls      sold     |   |                 | 258,400   |   |                 |               | 9.40   |                 |   |   | — |   |
|                  | 2010               |   | Puts      purchased |   |                 | 477,000   |   |                 |               | 7.75   |                 |   |   | (157,000 | ) |
|                  | 2010               |   | Calls      sold     |   |                 | 477,000   |   |                 |               | 8.75   |                 |   |   | — |   |
|                  | 2011               |   | Puts      purchased |   |                 | 1,192,500 |   |                 |               | 7.50   |                 |   |   | (578,900 | )  |
|                  | 2011               |   | Calls      sold     |   |                 | 1,192,500 |   |                 |               | 8.45   |                 |   |   | — |   |
|                  | 2012               |   | Puts      purchased |   |                 | 119,200   |   |                 |               | 7.00   |                 |   |   | (77,900 | ) |
|                  | 2012               |   | Calls      sold     |   |                 | 119,200   |   |                 |               | 8.37   |                 |   |   | — |   |
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   | $ | (752,700 | ) |
|                  |               |   |                |   |                 |      |   |                 |               |   |                 |   |   |   |   |
|                  |               |   |                |   |                 |      |   |                 | Net      Liability |   |                 | $      | (938,300 | ) |

| (1)   | MMBTU      represents million British ThermalUnits. |
|-----------------|-----------------------------------------------------|

| (2)   | Fair      value based on forward NYMEX natural gasprices. |
|-----------------|-----------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                |   | December      31, 2007 |      |   | December      31, 2006 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-----------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                                |   | Book      Value        |      |   | Fair      Value        |   |   | Book      Value |   |   | Fair      Value |   |
| Assets                                                                                                                                                                                                                                                                                              |   |                   |      |   |                   |   |   |   |   |   |   |   |
| Derivative      instruments                                             |   | $                      | 2,864,800 |   |                   | $      | 2,864,800 |   |   | $ | 3,985,800 |   |   | $ | 3,985,800 |   |
|                                                                                                                                                                                                                                                                                                |   | $                      | 2,864,800 |   |                   | $      | 2,864,800 |   |   | $ | 3,985,800 |   |   | $ | 3,985,800 |   |
| Liabilities                                                                                                                                                                                                                                                                                         |   |                   |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments                                             |   | $                      | 3,803,100 |   |                   | $      | (3,803,100 | ) |   | $ | (310,400 | ) |   | $ | (310,400 | ) |
|                                                                                                                                                                                                                                                                                                |   | $                      | (938,300  | )      |                   | $      | (938,300 | ) |   | $ | 3,675,400 |   |   | $ | 3,675,400 |   |

| (1)   | Capitalized      Costs Related to Oil and Gas Producing  Activities |
|-----------------|---------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | At      December 31, |        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|-------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2007                 |        |   | 2006 |   |
| Mineral      interest in proved properties:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                    | 4,222,100   |   |   | $ | 3,619,400 |   |
| Wells      and related      equipment                                                                                          |   |                 | 184,313,300 |   |   |   | 143,739,600 |   |
| Accumulated      depletion                                                                                                     |   |                 | (33,993,800 | ) |   |   | (3,389,400 | ) |
| Net      capitalized      cost                                                                                                                                                             |   | $                    | 154,541,600 |   |   | $ | 143,969,600 |   |

| (2)   | Oil      and Gas Reserve Information |
|-----------------|--------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | Natural      Gas |       |   | Oil    |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | (Mcf)            |       |   | (Bbls) |   |
| Proved      developed reserves:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |             |       |   |   |   |
| Beginning      of      period                                                                                             |   |             | —    |   |   |   | — |   |
| Proved      developed      reserves                                                                                       |   |             | 31,347,800 |   |   |   | 17,600 |   |
| Production                                                                                                                |   |             | (795,700   | )      |   |   | (1,400 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |             |       |   |   |   |   |   |
| Balance      at December 31,      2006                                                                                    |   |             | 30,552,100 |   |   |   | 16,200 |   |
| Production                                                                                                                |   |             | (4,319,800 | )      |   |   | (19,700 | ) |
| Revisions      to previous      estimates                                                                                 |   |             | 826,300    |   |   |   | 55,700 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |             |       |   |   |   |   |   |
| Balance      at December 31,      2007                                                                                                                                 |   |             | 27,058,600 |   |   |   | 52,200 |   |

| NAME                    | AGE    | POSITION OR      OFFICE                                                             |
|-------------------------|--------|-------------------------------------------------------------------------------------|
|                    |   |                                                                                |
| Freddie      M. Kotek   | 52     | Chairman      of the Board of Directors, Chief Executive Officer and      President |
| Frank      P. Carolas   | 48     | Executive      Vice President – Land and Geology and a Director               |
| Jeffrey      C. Simmons | 49     | Executive      Vice President – Operations and a Director                     |
| Jack      L. Hollander  | 51     | Senior      Vice President – Direct Participation Programs                    |
| Nancy      J. McGurk    | 52     | Senior      Vice President, Chief Accounting Officer                                |
| Michael      L. Staines | 58     | Senior      Vice President, Secretary and a Director                                |
| Matthew      A. Jones   | 46     | Chief      Financial Officer                                                        |

| ·   | the      approximate amount of an individual’s professional time devoted to the      business and affairs of our MGP and Atlas America have been aggregated      because there is no reasonable method for them to distinguish their      activities between the two companies;and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | for      those individuals who also hold senior positions with other affiliates of      our MGP, if it is stated that they devote approximately 100% of their      professional time to our MGP and Atlas America, it is because either the      other affiliates are not currently active in drilling new wells, such as      Viking Resources or Resource Energy, and the individuals are not required      to devote a material amount of their professional time to the affiliates,      or there is no reasonable method to distinguish their activities between      our MGP and Atlas America as compared with the other affiliates of our      MGP, such as Viking Resources or Resource  Energy. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Description                                                                                                                | Location                                                |
|--------|----------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------|
|   |                                                                                                                       |                                                    |
| 4(a)   | Certificate      of Limited Partnership for Atlas America Public #15-2006 (B)      L.P.                                    | Previously      filed in our Form S-1 on August 9, 2005 |
|   |                                                                                                                       |                                                    |
| 4(b)   | Amended      and Restated Certificate and Agreement of Limited Partnership for Atlas      America Public #15-2006 (B) L.P. | Previously      filed in our Form S-1 on August 9, 2005 |
|   |                                                                                                                       |                                                    |
| 4(c)   | Drilling      and Operating Agreement for Atlas America Public #15-2006 (B)      L.P.                                      | Previously      filed in our Form S-1 on August 9, 2005 |
|   |                                                                                                                       |                                                    |
| 31.1   | Rule      13a-14(a)/15(d) – 14 (a) Certification                                                                     |                                                    |
|   |                                                                                                                       |                                                    |
| 31.2   | Rule      13a-14(a)/15(d) – 14 (a) Certification.                                                                    |                                                    |
|   |                                                                                                                       |                                                    |
| 32.1   | Section      1350 Certification.                                                                                           |                                                    |
|   |                                                                                                                       |                                                    |
| 32.2   | Section      1350 Certification.                                                                                           |                                                    |

| In      accordance with Section 13 or 15(d) of the Exchange Act, the registrant      caused this report to be signed on its |
|-----------------------------------------------------------------------------------------------------------------------------|
| behalf      by the undersigned, thereunto duly authorized.                                                                  |
|                                                                                                                        |
|                                                                                                                        |
| Atlas      America Public #15-2006 (B) L.P.                                                                                 |
|                                                                                                                        |   |   |
| Date:  March      31, 2008                                                                                        |   | Atlas      Resources, LLC, Managing General Partner |
|                                                                                                                        |   |   |
|                                                                                                                        |   | By: /s/ Freddie M.      Kotek |
|                                                                                                                        |   | Freddie      M. Kotek, Chairman of the Board of Directors, Chief    Executive |
|                                                                                                                        |   | Officer      and President |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
| In      accordance with the Exchange Act, this report has been signed by the      following persons on behalf of the        |
| registrant      and in the capacities and on the dates indicated.                                                           |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
| Date:  March      31, 2008                                                                                        |   | By: /s/ Freddie M.      Kotek |
|                                                                                                                        |   | Freddie      M. Kotek, Chairman of the Board of Directors, Chief    Executive |
|                                                                                                                        |   | Officer      and President |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
| Date:  March      31, 2008                                                                                        |   | By: /s/ Frank P.      Carolas |
|                                                                                                                        |   | Frank      P. Carolas, Executive Vice President – Land and Geology |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
| Date:  March      31, 2008                                                                                        |   | By: /s/ Jeffrey C.      Simmons |
|                                                                                                                        |   | Jeffrey      C. Simmons, Executive Vice President – Operations |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
| Date:  March      31, 2008                                                                                        |   | By: /s/ Nancy J.      McGurk |
|                                                                                                                        |   | Nancy      J. McGurk, Vice President, Chief Accounting Officer |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
| Date:  March      31, 2008                                                                                        |   | By: /s/ Matthew A.      Jones |
|                                                                                                                        |   | Matthew      A. Jones, Chief Financial Officer |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |
|                                                                                                                        |   |   |