GEODYNE ENERGY INCOME LTD PARTNERSHIP II-H - 10-Q Quarterly Report

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended September 30, 2003

Commission File Number:

II-A: 0-16388 II-D: 0-16980 II-G: 0-17802
II-B: 0-16405 II-E: 0-17320 II-H: 0-18305
II-C: 0-16981 II-F: 0-17799

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-A
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-B
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-C
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-D
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-E
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-F
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-G
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-H
---------------------------------------------------------
(Exact name of Registrant as specified in its Articles)

II-A 73-1295505 II-B 73-1303341
II-C 73-1308986 II-D 73-1329761
II-E 73-1324751 II-F 73-1330632
Oklahoma II-G 73-1336572 II-H 73-1342476
---------------------------- ----------------------------------
(State or other jurisdiction (I.R.S. Employer Identification
of incorporation or Number)
organization)

Two West Second Street, Tulsa, Oklahoma 74103
------------------------------------------------------------
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:(918) 583-1791

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
------ ------
Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).
Yes No X
------ ------

-1-

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-A
GEODYNE PRODUCTION PARTNERSHIP II-A
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS
September 30, December 31,
2003 2002
------------ ------------

CURRENT ASSETS:
Cash and cash equivalents $1,322,728 $ 794,035
Accounts receivable:
Oil and gas sales 808,381 658,499
---------- ----------
Total current assets $2,131,109 $1,452,534

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 2,276,936 2,056,359

DEFERRED CHARGE 656,289 656,289
---------- ----------
$5,064,334 $4,165,182
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 168,434 $ 256,595
Accrued liability - other (Note 1) 26,672 26,672
Gas imbalance payable 95,268 95,268
---------- ----------
Total current liabilities $ 290,374 $ 378,535

LONG-TERM LIABILITIES:
Accrued liability $ 217,322 $ 217,322
Asset retirement obligation
(Note 1) 294,555 -
---------- ----------
Total long-term liabilities $ 511,877 $ 217,322

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 214,754) ($ 241,784)
Limited Partners, issued and
outstanding, 484,283 units 4,476,837 3,811,109
---------- ----------
Total Partners' capital $4,262,083 $3,569,325
---------- ----------
$5,064,334 $4,165,182
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-2-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-A
GEODYNE PRODUCTION PARTNERSHIP II-A
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- --------

REVENUES:
Oil and gas sales $1,309,670 $932,585
Interest income 1,993 1,415
---------- --------
$1,311,663 $934,000

COSTS AND EXPENSES:
Lease operating $ 262,604 $264,322
Production tax 75,340 50,654
Depreciation, depletion, and
amortization of oil and gas
properties 59,426 21,670
General and administrative
(Note 2) 143,626 136,398
---------- --------
$ 540,996 $473,044
---------- --------

NET INCOME $ 770,667 $460,956
========== ========
GENERAL PARTNER - NET INCOME $ 82,216 $ 47,904
========== ========
LIMITED PARTNERS - NET INCOME $ 688,451 $413,052
========== ========
NET INCOME per unit $ 1.42 $ .85
========== ========
UNITS OUTSTANDING 484,283 484,283
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-3-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-A
GEODYNE PRODUCTION PARTNERSHIP II-A
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------

REVENUES:
Oil and gas sales $4,355,746 $2,700,081
Interest income 5,244 3,765
Gain on sale of oil and gas
properties - 193,272
---------- ----------
$4,360,990 $2,897,118

COSTS AND EXPENSES:
Lease operating $ 780,795 $ 972,953
Production tax 255,475 144,989
Depreciation, depletion, and
amortization of oil and gas
properties 166,456 183,165
General and administrative
(Note 2) 428,937 425,800
---------- ----------
$1,631,663 $1,726,907
---------- ----------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $2,729,327 $1,170,211

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 5,849 -
---------- ----------
NET INCOME $2,735,176 $1,170,211
========== ==========
GENERAL PARTNER - NET INCOME $ 287,448 $ 133,129
========== ==========
LIMITED PARTNERS - NET INCOME $2,447,728 $1,037,082
========== ==========
NET INCOME per unit $ 5.05 $ 2.14
========== ==========
UNITS OUTSTANDING 484,283 484,283
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-4-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-A
GEODYNE PRODUCTION PARTNERSHIP II-A
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)
2003 2002
------------ ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $2,735,176 $1,170,211
Adjustments to reconcile net
income to net cash provided
by operating activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 5,849) -
Depreciation, depletion, and
amortization of oil and gas
properties 166,456 183,165
Gain on sale of oil and gas
properties - ( 193,272)
Increase in accounts receivable -
oil and gas sales ( 149,882) ( 226,204)
Decrease in deferred charge - 27,155
Decrease in accounts payable ( 88,161) ( 290)
Decrease in accrued liability -
other - ( 47,128)
Increase in accrued liability - 14,104
---------- ----------
Net cash provided by operating
activities $2,657,740 $ 927,741
---------- ----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 86,629) ($ 90,928)
Proceeds from sale of oil and
gas properties - 340,525
---------- ----------
Net cash provided (used) by investing
activities ($ 86,629) $ 249,597
---------- ----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($2,042,418) ($ 986,722)
---------- ----------
Net cash used by financing activities ($2,042,418) ($ 986,722)
---------- ----------
NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 528,693 $ 190,616

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 794,035 414,467
---------- ----------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $1,322,728 $ 605,083
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-5-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-B
GEODYNE PRODUCTION PARTNERSHIP II-B
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------- ------------

CURRENT ASSETS:
Cash and cash equivalents $ 874,106 $ 478,067
Accounts receivable:
Oil and gas sales 557,143 481,002
---------- ----------
Total current assets $1,431,249 $ 959,069

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 1,701,061 1,605,587

DEFERRED CHARGE 245,511 245,511
---------- ----------
$3,377,821 $2,810,167
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 123,745 $ 147,990
Gas imbalance payable 47,652 47,652
---------- ----------
Total current liabilities $ 171,397 $ 195,642

LONG-TERM LIABILITIES:
Accrued liability $ 52,682 $ 52,682
Asset retirement obligation
(Note 1) 214,372 -
---------- ----------
Total long-term liabilities $ 267,054 $ 52,682

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 249,465) ($ 264,786)
Limited Partners, issued and
outstanding, 361,719 units 3,188,835 2,826,629
---------- ----------
Total Partners' capital $2,939,370 $2,561,843
---------- ----------
$3,377,821 $2,810,167
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-6-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-B
GEODYNE PRODUCTION PARTNERSHIP II-B
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
-------- --------

REVENUES:
Oil and gas sales $929,557 $652,635
Interest income 1,216 744
-------- --------
$930,773 $653,379

COSTS AND EXPENSES:
Lease operating $194,275 $161,699
Production tax 53,481 33,729
Depreciation, depletion, and
amortization of oil and gas
properties 46,078 10,874
General and administrative
(Note 2) 107,534 102,337
-------- --------
$401,368 $308,639
-------- --------

NET INCOME $529,405 $344,740
======== ========
GENERAL PARTNER - NET INCOME $ 56,966 $ 35,378
======== ========
LIMITED PARTNERS - NET INCOME $472,439 $309,362
======== ========
NET INCOME per unit $ 1.31 $ .86
======== ========
UNITS OUTSTANDING 361,719 361,719
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-7-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-B
GEODYNE PRODUCTION PARTNERSHIP II-B
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------

REVENUES:
Oil and gas sales $2,967,617 $1,905,822
Interest income 3,272 1,736
Gain on sale of oil and gas
properties - 20,525
---------- ----------
$2,970,889 $1,928,083

COSTS AND EXPENSES:
Lease operating $ 549,821 $ 680,492
Production tax 188,768 105,164
Depreciation, depletion, and
amortization of oil and gas
properties 134,837 135,691
General and administrative
(Note 2) 325,562 322,772
---------- ----------
$1,198,988 $1,244,119
---------- ----------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $1,771,901 $ 683,964

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 4,347 -
---------- ----------
NET INCOME $1,776,248 $ 683,964
========== ==========
GENERAL PARTNER - NET INCOME $ 189,042 $ 80,435
========== ==========
LIMITED PARTNERS - NET INCOME $1,587,206 $ 603,529
========== ==========
NET INCOME per unit $ 4.39 $ 1.67
========== ==========
UNITS OUTSTANDING 361,719 361,719
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-8-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-B
GEODYNE PRODUCTION PARTNERSHIP II-B
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
------------ ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $1,776,248 $683,964
Adjustments to reconcile net
income to net cash provided
by operating activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 4,347) -
Depreciation, depletion, and
amortization of oil and gas
properties 134,837 135,691
Gain on sale of oil and gas
properties - ( 20,525)
Increase in accounts receivable -
oil and gas sales ( 76,141) ( 124,979)
Decrease in accounts payable ( 24,245) ( 9,634)
---------- --------
Net cash provided by operating
activities $1,806,352 $664,517
---------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 12,676) ($ 14,047)
Proceeds from sale of oil and gas
properties 1,084 30,000
---------- --------
Net cash provided (used) by investing
activities ($ 11,592) $ 15,953
---------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($1,398,721) ($506,583)
---------- --------
Net cash used by financing activities ($1,398,721) ($506,583)
---------- --------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 396,039 $173,887

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 478,067 262,153
---------- --------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $ 874,106 $436,040
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-9-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-C
GEODYNE PRODUCTION PARTNERSHIP II-C
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------- ------------

CURRENT ASSETS:
Cash and cash equivalents $ 447,281 $ 250,767
Accounts receivable:
Oil and gas sales 276,145 236,341
---------- ----------
Total current assets $ 723,426 $ 487,108

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 796,584 774,648

DEFERRED CHARGE 130,077 130,077
---------- ----------
$1,650,087 $1,391,833
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 62,802 $ 63,712
Gas imbalance payable 26,684 26,684
---------- ----------
Total current liabilities $ 89,486 $ 90,396

LONG-TERM LIABILITIES:
Accrued Liability $ 37,248 $ 29,815
Asset retirement obligation
(Note 1) 70,310 -
---------- ----------
Total long-term liabilities $ 107,558 $ 29,815

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 103,407) ($ 98,831)
Limited Partners, issued and
outstanding, 154,621 units 1,556,450 1,370,453
---------- ----------
Total Partners' capital $1,453,043 $1,271,622
---------- ----------
$1,650,087 $1,391,833
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-10-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-C
GEODYNE PRODUCTION PARTNERSHIP II-C
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
-------- --------

REVENUES:
Oil and gas sales $433,234 $324,790
Interest income 622 444
-------- --------
$433,856 $325,234

COSTS AND EXPENSES:
Lease operating $ 89,819 $ 67,563
Production tax 28,614 19,283
Depreciation, depletion, and
amortization of oil and gas
properties 20,844 5,556
General and administrative
(Note 2) 46,570 44,794
-------- --------
$185,847 $137,196
-------- --------

NET INCOME $248,009 $188,038
======== ========
GENERAL PARTNER - NET INCOME $ 26,615 $ 19,259
======== ========
LIMITED PARTNERS - NET INCOME $221,394 $168,779
======== ========
NET INCOME per unit $ 1.43 $ 1.09
======== ========
UNITS OUTSTANDING 154,621 154,621
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-11-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-C
GEODYNE PRODUCTION PARTNERSHIP II-C
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- --------

REVENUES:
Oil and gas sales $1,468,547 $929,549
Interest income 1,688 950
Gain on sale of oil and gas
properties - 1,014
Gain on abandonment 91 -
---------- --------
$1,470,326 $931,513

COSTS AND EXPENSES:
Lease operating $ 259,204 $267,470
Production tax 101,523 56,821
Depreciation, depletion, and
amortization of oil and gas
properties 66,728 67,887
General and administrative
(Note 2) 150,924 148,720
---------- --------
$ 578,379 $540,898
---------- --------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $ 891,947 $390,615

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 74 -
---------- --------
NET INCOME $ 892,021 $390,615
========== ========
GENERAL PARTNER - NET INCOME $ 95,024 $ 45,076
========== ========
LIMITED PARTNERS - NET INCOME $ 796,997 $345,539
========== ========
NET INCOME per unit $ 5.15 $ 2.23
========== ========
UNITS OUTSTANDING 154,621 154,621
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-12-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-C
GEODYNE PRODUCTION PARTNERSHIP II-C
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)
2003 2002
---------- ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $892,021 $390,615
Adjustments to reconcile net
income to net cash provided
by operating activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 74) -
Depreciation, depletion, and
amortization of oil and gas
properties 66,728 67,887
Gain on sale of oil and gas
properties - ( 1,014)
Gain on abandonment ( 91) -
Increase in accounts receivable -
oil and gas sales ( 39,804) ( 68,012)
Decrease in accounts payable ( 910) ( 5,394)
Increase in accrued liability 7,433 -
-------- --------
Net cash provided by operating
activities $925,303 $384,082
-------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 18,654) ($ 3,832)
Proceeds from sale of oil and
gas properties 465 2,624
-------- --------
Net cash used by investing activities ($ 18,189) ($ 1,208)
-------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($710,600) ($262,739)
-------- --------
Net cash used by financing
activities ($710,600) ($262,739)
-------- --------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $196,514 $120,135

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 250,767 115,201
-------- --------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $447,281 $235,336
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-13-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-D
GEODYNE PRODUCTION PARTNERSHIP II-D
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------- ------------

CURRENT ASSETS:
Cash and cash equivalents $ 831,789 $ 561,177
Accounts receivable:
Oil and gas sales 595,656 512,579
---------- ----------
Total current assets $1,427,445 $1,073,756

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 1,599,869 1,482,828

DEFERRED CHARGE 358,699 358,699
---------- ----------
$3,386,013 $2,915,283
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 199,424 $ 156,725
Gas imbalance payable 42,368 42,368
---------- ----------
Total current liabilities $ 241,792 $ 199,093

LONG-TERM LIABILITIES:
Accrued liability $ 96,494 $ 96,494
Asset retirement obligation
(Note 1) 186,008 -
---------- ----------
Total long-term liabilities $ 282,502 $ 96,494

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 183,901) ($ 76,044)
Limited Partners, issued and
outstanding, 314,878 units 3,045,620 2,695,740
---------- ----------
Total Partners' capital $2,861,719 $2,619,696
---------- ----------
$3,386,013 $2,915,283
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-14-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-D
GEODYNE PRODUCTION PARTNERSHIP II-D
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
-------- ---------

REVENUES:
Oil and gas sales $938,668 $786,875
Interest income 1,093 1,046
-------- --------
$939,761 $787,921

COSTS AND EXPENSES:
Lease operating $208,376 $174,034
Production tax 61,078 49,371
Depreciation, depletion, and
amortization of oil and gas
properties 53,905 16,673
General and administrative
(Note 2) 93,751 89,325
-------- --------
$417,110 $329,403
-------- --------

NET INCOME $522,651 $458,518
======== ========
GENERAL PARTNER - NET INCOME $ 57,008 $ 47,248
======== ========
LIMITED PARTNERS - NET INCOME $465,643 $411,270
======== ========
NET INCOME per unit $ 1.48 $ 1.31
======== ========
UNITS OUTSTANDING 314,878 314,878
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-15-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-D
GEODYNE PRODUCTION PARTNERSHIP II-D
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
------------ ----------

REVENUES:
Oil and gas sales $2,982,439 $2,122,635
Interest income 3,003 2,149
Gain on sale of oil and gas
properties - 11,014
Gain on abandonment 1,044 -
---------- ----------
$2,986,486 $2,135,798

COSTS AND EXPENSES:
Lease operating $ 586,177 $ 592,116
Production tax 189,487 126,143
Depreciation, depletion, and
amortization of oil and gas
properties 205,540 150,385
General and administrative
(Note 2) 286,054 283,396
---------- ----------
$1,267,258 $1,152,040
---------- ----------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $1,719,228 $ 983,758

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 2,344) -
---------- ----------
NET INCOME $1,716,884 $ 983,758
========== ==========
GENERAL PARTNER - NET INCOME $ 190,004 $ 111,696
========== ==========
LIMITED PARTNERS - NET INCOME $1,526,880 $ 872,062
========== ==========
NET INCOME per unit $ 4.85 $ 2.77
========== ==========
UNITS OUTSTANDING 314,878 314,878
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-16-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-D
GEODYNE PRODUCTION PARTNERSHIP II-D
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)
2003 2002
------------ ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $1,716,884 $983,758
Adjustments to reconcile net
income to net cash provided
by operating activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 2,344 -
Depreciation, depletion, and
amortization of oil and gas
properties 205,540 150,385
Gain on sale of oil and gas
properties - ( 11,014)
Gain on abandonment ( 1,044) -
Increase in accounts receivable -
oil and gas sales ( 83,077) ( 155,032)
Increase in accounts payable 42,699 23,264
Decrease in payable to General
Partner - ( 65,905)
---------- --------
Net cash provided by operating
activities $1,883,346 $925,456
---------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 137,873) ($ 60,566)
Proceeds from sale of oil and gas
properties - 16,816
---------- --------
Net cash used by investing activities ($ 137,873) ($ 43,750)
---------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($1,474,861) ($526,309)
---------- --------
Net cash used by financing activities ($1,474,861) ($526,309)
---------- --------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 270,612 $355,397

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 561,177 170,516
---------- --------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $ 831,789 $525,913
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-17-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-E
GEODYNE PRODUCTION PARTNERSHIP II-E
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------ ------------

CURRENT ASSETS:
Cash and cash equivalents $ 653,390 $ 388,042
Accounts receivable:
Oil and gas sales 419,455 362,987
---------- ----------
Total current assets $1,072,845 $ 751,029

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 1,442,877 1,425,028

DEFERRED CHARGE 209,297 209,297
---------- ----------
$2,725,019 $2,385,354
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 63,306 $ 85,744
Gas imbalance payable 43,443 43,443
---------- ----------
Total current liabilities $ 106,749 $ 129,187

LONG-TERM LIABILITIES:
Accrued liability $ 4,116 $ 7,264
Asset retirement obligation
(Note 1) 98,139 -
---------- ----------
Total long-term liabilities $ 102,255 $ 7,264

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 116,588) ($ 131,864)
Limited Partners, issued and
outstanding, 228,821 units 2,632,603 2,380,767
---------- ----------
Total Partners' capital $2,516,015 $2,248,903
---------- ----------
$2,725,019 $2,385,354
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-18-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-E
GEODYNE PRODUCTION PARTNERSHIP II-E
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
-------- --------

REVENUES:
Oil and gas sales $657,561 $589,004
Interest income 924 510
-------- --------
$658,485 $589,514

COSTS AND EXPENSES:
Lease operating $105,677 $ 82,803
Production tax 49,150 45,209
Depreciation, depletion, and
amortization of oil and gas
properties 43,663 23,120
General and administrative
(Note 2) 68,413 66,510
-------- --------
$266,903 $217,642
-------- --------

NET INCOME $391,582 $371,872
======== ========
GENERAL PARTNER - NET INCOME $ 42,995 $ 39,217
======== ========
LIMITED PARTNERS - NET INCOME $348,587 $332,655
======== ========
NET INCOME per unit $ 1.52 $ 1.45
======== ========
UNITS OUTSTANDING 228,821 228,821
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-19-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-E
GEODYNE PRODUCTION PARTNERSHIP II-E
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------

REVENUES:
Oil and gas sales $2,184,324 $1,461,055
Interest income 2,465 1,285
Gain on sale of oil and gas
properties - 20,604
---------- ----------
$2,186,789 $1,482,944

COSTS AND EXPENSES:
Lease operating $ 334,855 $ 304,240
Production tax 150,292 111,721
Depreciation, depletion, and
amortization of oil and gas
properties 104,230 141,472
General and administrative
(Note 2) 215,289 214,576
---------- ----------
$ 804,666 $ 772,009
---------- ----------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $1,382,123 $ 710,935

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 3,090 -
---------- ----------
NET INCOME $1,385,213 $ 710,935
========== ==========
GENERAL PARTNER - NET INCOME $ 147,377 $ 83,697
========== ==========
LIMITED PARTNERS - NET INCOME $1,237,836 $ 627,238
========== ==========
NET INCOME per unit $ 5.41 $ 2.74
========== ==========
UNITS OUTSTANDING 228,821 228,821
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-20-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-E
GEODYNE PRODUCTION PARTNERSHIP II-E
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)
2003 2002
------------ ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $1,385,213 $710,935
Adjustments to reconcile net income
to net cash provided by operating
activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 3,090) -
Depreciation, depletion, and
amortization of oil and gas
properties 104,230 141,472
Gain on sale of oil and gas
properties - ( 20,604)
Increase in accounts receivable -
oil and gas sales ( 56,468) ( 88,552)
Increase (decrease) in accounts
payable ( 22,438) 1,495
Decrease in payable to General
Partner - ( 115,045)
Decrease in accrued liability ( 3,148) ( 1,845)
---------- --------
Net cash provided by operating
activities $1,404,299 $627,856
---------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 20,850) ($187,402)
Proceeds from the sale of oil and
gas properties - 22,189
---------- --------
Net cash used by investing activities ($ 20,850) ($165,213)
---------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($1,118,101) ($307,338)
---------- --------
Net cash used by financing activities ($1,118,101) ($307,338)
---------- --------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 265,348 $155,305

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 388,042 242,032
---------- --------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $ 653,390 $397,337
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-21-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-F
GEODYNE PRODUCTION PARTNERSHIP II-F
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------- ------------

CURRENT ASSETS:
Cash and cash equivalents $ 624,096 $ 453,233
Accounts receivable:
Oil and gas sales 385,238 352,341
---------- ----------
Total current assets $1,009,334 $ 805,574

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 1,341,629 1,311,537

DEFERRED CHARGE 36,774 36,774
---------- ----------
$2,387,737 $2,153,885
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 49,624 $ 71,740
Gas imbalance payable 6,701 6,701
---------- ----------
Total current liabilities $ 56,325 $ 78,441

LONG-TERM LIABILITIES:
Accrued liability $ 15,443 $ 15,443
Asset retirement obligation
(Note 1) 99,477 -
---------- ----------
Total long-term liabilities $ 114,920 $ 15,443

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 85,436) ($ 95,526)
Limited Partners, issued and
outstanding, 171,400 units 2,301,928 2,155,527
---------- ----------
Total Partners' capital $2,216,492 $2,060,001
---------- ----------
$2,387,737 $2,153,885
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-22-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-F
GEODYNE PRODUCTION PARTNERSHIP II-F
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
-------- --------

REVENUES:
Oil and gas sales $595,801 $527,359
Interest income 890 720
-------- --------
$596,691 $528,079

COSTS AND EXPENSES:
Lease operating $ 65,077 $ 71,911
Production tax 36,964 32,944
Depreciation, depletion, and
amortization of oil and gas
properties 40,679 43,130
General and administrative
(Note 2) 51,225 50,277
-------- --------
$193,945 $198,262
-------- --------

NET INCOME $402,746 $329,817
======== ========
GENERAL PARTNER - NET INCOME $ 43,846 $ 36,791
======== ========
LIMITED PARTNERS - NET INCOME $358,900 $293,026
======== ========
NET INCOME per unit $ 2.09 $ 1.71
======== ========
UNITS OUTSTANDING 171,400 171,400
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-23-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-F
GEODYNE PRODUCTION PARTNERSHIP II-F
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------

REVENUES:
Oil and gas sales $2,066,022 $1,369,918
Interest income 2,471 1,827
Gain on sale of oil and gas
properties - 50,440
---------- ----------
$2,068,493 $1,422,185

COSTS AND EXPENSES:
Lease operating $ 283,172 $ 253,958
Production tax 131,464 86,040
Depreciation, depletion, and
amortization of oil and gas
properties 111,162 141,931
General and administrative
(Note 2) 165,729 165,185
---------- ----------
$ 691,527 $ 647,114
---------- ----------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $1,376,966 $ 775,071

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 4,938 -
---------- ----------
NET INCOME $1,381,904 $ 775,071
========== ==========
GENERAL PARTNER - NET INCOME $ 147,503 $ 90,098
========== ==========
LIMITED PARTNERS - NET INCOME $1,234,401 $ 684,973
========== ==========
NET INCOME per unit $ 7.20 $ 4.00
========== ==========
UNITS OUTSTANDING 171,400 171,400
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-24-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-F
GEODYNE PRODUCTION PARTNERSHIP II-F
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
----------- ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $1,381,904 $775,071
Adjustments to reconcile net income
to net cash provided by operating
activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 4,938) -
Depreciation, depletion, and
amortization of oil and gas
properties 111,162 141,931
Gain on sale of oil and gas
properties - ( 50,440)
Increase in accounts receivable -
oil and gas sales ( 32,897) ( 89,331)
Increase (decrease) in accounts
payable ( 22,116) 7,436
---------- --------
Net cash provided by operating
activities $1,433,115 $784,667
---------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 37,729) ($ 67,837)
Proceeds from sale of oil and
gas properties 890 54,883
---------- --------
Net cash used by investing
activities ($ 36,839) ($ 12,954)
---------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($1,225,413) ($672,380)
---------- --------
Net cash used by financing
activities ($1,225,413) ($672,380)
---------- --------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 170,863 $ 99,333

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 453,233 278,738
---------- --------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $ 624,096 $378,071
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-25-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-G
GEODYNE PRODUCTION PARTNERSHIP II-G
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------- ------------

CURRENT ASSETS:
Cash and cash equivalents $1,322,979 $ 959,481
Accounts receivable:
Oil and gas sales 817,728 745,529
---------- ----------
Total current assets $2,140,707 $1,705,010

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 2,890,776 2,821,960

DEFERRED CHARGE 79,136 79,136
---------- ----------
$5,110,619 $4,606,106
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 107,073 $ 153,893
Gas imbalance payable 16,907 16,907
---------- ----------
Total current liabilities $ 123,980 $ 170,800

LONG-TERM LIABILITIES:
Accrued liability $ 31,075 $ 31,075
Asset retirement obligation
(Note 1) 214,476 -
---------- ----------
Total long-term liabilities $ 245,551 $ 31,075

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 75,359) ($ 97,205)
Limited Partners, issued and
outstanding, 372,189 units 4,816,447 4,501,436
---------- ----------
Total Partners' capital $4,741,088 $4,404,231
---------- ----------
$5,110,619 $4,606,106
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-26-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-G
GEODYNE PRODUCTION PARTNERSHIP II-G
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------

REVENUES:
Oil and gas sales $1,262,790 $1,115,779
Interest income 1,925 1,575
Gain on sale of oil and gas
properties - -
---------- ----------
$1,264,715 $1,117,354

COSTS AND EXPENSES:
Lease operating $ 140,542 $ 154,903
Production tax 78,758 69,875
Depreciation, depletion, and
amortization of oil and gas
properties 88,464 91,939
General and administrative
(Note 2) 110,340 106,071
---------- ----------
$ 418,104 $ 422,788
---------- ----------

NET INCOME $ 846,611 $ 694,566
========== ==========
GENERAL PARTNER - NET INCOME $ 92,431 $ 77,573
========== ==========
LIMITED PARTNERS - NET INCOME $ 754,180 $ 616,993
========== ==========
NET INCOME per unit $ 2.03 $ 1.66
========== ==========
UNITS OUTSTANDING 372,189 372,189
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-27-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-G
GEODYNE PRODUCTION PARTNERSHIP II-G
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------

REVENUES:
Oil and gas sales $4,388,272 $2,902,621
Interest income 5,340 4,214
Gain on sale of oil and gas
properties - 105,409
---------- ----------
$4,393,612 $3,012,244

COSTS AND EXPENSES:
Lease operating $ 604,882 $ 542,854
Production tax 280,598 182,936
Depreciation, depletion, and
amortization of oil and gas
properties 238,823 304,730
General and administrative
(Note 2) 335,057 333,945
---------- ----------
$1,459,360 $1,364,465
---------- ----------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $2,934,252 $1,647,779

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 10,247 -
---------- ----------
NET INCOME $2,944,499 $1,647,779
========== ==========
GENERAL PARTNER - NET INCOME $ 314,488 $ 191,782
========== ==========
LIMITED PARTNERS - NET INCOME $2,630,011 $1,455,997
========== ==========
NET INCOME per unit $ 7.07 $ 3.91
========== ==========
UNITS OUTSTANDING 372,189 372,189
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-28-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-G
GEODYNE PRODUCTION PARTNERSHIP II-G
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
------------ ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $2,944,499 $1,647,779
Adjustments to reconcile net income
to net cash provided by operating
activities:
Cumulative effect of changes in
accounting for asset retirement
obligations (Note 1) ( 10,247) -
Depreciation, depletion, and
amortization of oil and gas
properties 238,823 304,730
Gain on sale of oil and gas
Properties - ( 105,409)
Increase in accounts receivable -
oil and gas sales ( 72,199) ( 189,569)
Increase (decrease) in accounts
payable ( 46,820) 16,624
---------- ----------
Net cash provided by operating
activities $3,054,056 $1,674,155
---------- ----------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 84,426) ($ 143,709)
Proceeds from sale of oil and
gas properties 1,510 114,809
---------- ----------
Net cash used by investing activities ($ 82,916) ($ 28,900)
---------- ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($2,607,642) ($1,470,970)
---------- ----------
Net cash used by financing activities ($2,607,642) ($1,470,970)
---------- ----------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 363,498 $ 174,285

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 959,481 625,720
---------- ----------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $1,322,979 $ 800,005
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-29-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-H
GEODYNE PRODUCTION PARTNERSHIP II-H
COMBINED BALANCE SHEETS
(Unaudited)

ASSETS

September 30, December 31,
2003 2002
------------- ------------

CURRENT ASSETS:
Cash and cash equivalents $ 313,317 $ 224,669
Accounts receivable:
Oil and gas sales 195,070 176,539
---------- ----------
Total current assets $ 508,387 $ 401,208

NET OIL AND GAS PROPERTIES, utilizing
the successful efforts method 684,496 664,355

DEFERRED CHARGE 20,637 20,637
---------- ----------
$1,213,520 $1,086,200
========== ==========

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)

CURRENT LIABILITIES:
Accounts payable $ 27,126 $ 37,271
Gas imbalance payable 3,596 3,596
---------- ----------
Total current liabilities $ 30,722 $ 40,867

LONG-TERM LIABILITIES:
Accrued liability $ 8,079 $ 8,079
Asset retirement obligation
(Note 1) 52,515 -
---------- ----------
Total long-term liabilities $ 60,594 $ 8,079

PARTNERS' CAPITAL (DEFICIT):
General Partner ($ 48,215) ($ 53,547)
Limited Partners, issued and
outstanding, 91,711 units 1,170,419 1,090,801
---------- ----------
Total Partners' capital $1,122,204 $1,037,254
---------- ----------
$1,213,520 $1,086,200
========== ==========

The accompanying condensed notes are an integral part of
these combined financial statements.

-30-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-H
GEODYNE PRODUCTION PARTNERSHIP II-H
COMBINED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
-------- --------

REVENUES:
Oil and gas sales $299,711 $264,779
Interest income 430 364
Gain on sale of oil and gas
properties - -
-------- --------
$300,141 $265,143

COSTS AND EXPENSES:
Lease operating $ 34,443 $ 37,756
Production tax 18,877 16,687
Depreciation, depletion, and
amortization of oil and gas
properties 21,385 22,005
General and administrative
(Note 2) 27,750 28,128
-------- --------
$102,455 $104,576
-------- --------

NET INCOME $197,686 $160,567
======== ========
GENERAL PARTNER - NET INCOME $ 21,651 $ 18,001
======== ========
LIMITED PARTNERS - NET INCOME $176,035 $142,566
======== ========
NET INCOME per unit $ 1.92 $ 1.55
======== ========
UNITS OUTSTANDING 91,711 91,711
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-31-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-H
GEODYNE PRODUCTION PARTNERSHIP II-H
COMBINED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- --------

REVENUES:
Oil and gas sales $1,044,495 $687,798
Interest income 1,178 848
Gain on sale of oil and gas
properties - 24,403
---------- --------
$1,045,673 $713,049

COSTS AND EXPENSES:
Lease operating $ 145,395 $130,833
Production tax 67,269 43,613
Depreciation, depletion, and
amortization of oil and gas
properties 56,629 71,489
General and administrative
(Note 2) 98,506 98,189
---------- --------
$ 367,799 $344,124
---------- --------

INCOME BEFORE CUMULATIVE EFFECT
OF ACCOUNTING CHANGE $ 677,874 $368,925

Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) 2,536 -
---------- --------
NET INCOME $ 680,410 $368,925
========== ========
GENERAL PARTNER - NET INCOME $ 72,792 $ 43,242
========== ========
LIMITED PARTNERS - NET INCOME $ 607,618 $325,683
========== ========
NET INCOME per unit $ 6.63 $ 3.55
========== ========
UNITS OUTSTANDING 91,711 91,711
========== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-32-

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-H
GEODYNE PRODUCTION PARTNERSHIP II-H
COMBINED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
(Unaudited)

2003 2002
---------- ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $680,410 $368,925
Adjustments to reconcile net income
to net cash provided by operating
activities:
Cumulative effect of change in
accounting for asset retirement
obligations (Note 1) ( 2,536 ) -
Depreciation, depletion, and
amortization of oil and gas
properties 56,629 71,489
Gain on sale of oil and gas
Properties - ( 24,403)
Increase in accounts receivable -
oil and gas sales ( 18,531) ( 45,122)
Increase (decrease) in accounts
payable ( 10,145) 4,214
-------- --------
Net cash provided by operating
activities $705,827 $375,103
-------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ($ 21,914) ($ 34,048)
Proceeds from sale of oil and
Gas properties 195 26,568
-------- --------

Net cash used by investing activities ($ 21,719) ($ 7,480)
-------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash distributions ($595,460) ($306,273)
-------- --------
Net cash used by financing activities ($595,460) ($306,273)
-------- --------

NET INCREASE IN CASH AND CASH
EQUIVALENTS $ 88,648 $ 61,350

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 224,669 136,988
-------- --------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $313,317 $198,338
======== ========

The accompanying condensed notes are an integral part of
these combined financial statements.

-33-

GEODYNE ENERGY INCOME PROGRAM II LIMITED PARTNERSHIPS
CONDENSED NOTES TO THE COMBINED FINANCIAL STATEMENTS
SEPTEMBER 30, 2003
(Unaudited)

1. ACCOUNTING POLICIES
-------------------

The combined balance sheets as of September 30, 2003, combined statements
of operations for the three and nine months ended September 30, 2003 and
2002, and combined statements of cash flows for the nine months ended
September 30, 2003 and 2002 have been prepared by Geodyne Resources, Inc.,
the General Partner of the limited partnerships, without audit. Each
limited partnership is a general partner in the related Geodyne Production
Partnership in which Geodyne Resources, Inc. serves as the managing
partner. Unless the context indicates otherwise, all references to a
"Partnership" or the "Partnerships" are references to the limited
partnership and its related production partnership, collectively, and all
references to the "General Partner" are references to the general partner
of the limited partnerships and the managing partner of the production
partnerships, collectively. In the opinion of management the financial
statements referred to above include all necessary adjustments, consisting
of normal recurring adjustments, to present fairly the combined financial
position at September 30, 2003, the combined results of operations for the
three and nine months ended September 30, 2003 and 2002, and the combined
cash flows for the nine months ended September 30, 2003 and 2002.

Information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting
principles have been condensed or omitted. The accompanying interim
financial statements should be read in conjunction with the Partnerships'
Annual Report on Form 10-K filed for the year ended December 31, 2002. The
results of operations for the period ended September 30, 2003 are not
necessarily indicative of the results to be expected for the full year.

The Limited Partners' net income or loss per unit is based upon each $100
initial capital contribution.

-34-

OIL AND GAS PROPERTIES
----------------------

The Partnerships follow the successful efforts method of accounting for
their oil and gas properties. Under the successful efforts method, the
Partnerships capitalize all property acquisition costs and development
costs incurred in connection with the further development of oil and gas
reserves. Property acquisition costs include costs incurred by the
Partnerships or the General Partner to acquire producing properties,
including related title insurance or examination costs, commissions,
engineering, legal and accounting fees, and similar costs directly related
to the acquisitions, plus an allocated portion, of the General Partner's
property screening costs. The acquisition cost to the Partnerships of
properties acquired by the General Partner is adjusted to reflect the net
cash results of operations, including interest incurred to finance the
acquisition, for the period of time the properties are held by the General
Partner.

Depletion of the costs of producing oil and gas properties, amortization
of related intangible drilling and development costs, and depreciation of
tangible lease and well equipment are computed on the unit-of-production
method. The Partnerships' depletion, depreciation, and amortization
includes estimated dismantlement and abandonment costs and estimated
salvage value of the equipment.

When complete units of depreciable property are retired or sold, the asset
cost and related accumulated depreciation are eliminated with any gain or
loss (including the elimination of the asset retirement obligation)
reflected in income. When less than complete units of depreciable property
are retired or sold, the proceeds are credited to oil and gas properties.

ACCRUED LIABILITY - OTHER
-------------------------

The Accrued Liability - Other at September 30, 2003 and December 31, 2002
for the II-A Partnership represents a charge accrued for the payment of a
judgment related to plugging liabilities, which judgment is currently
under appeal.

-35-

NEW ACCOUNTING PRONOUNCEMENTS
-----------------------------

In July 2001, the FASB issued FAS No. 143, "Accounting for Asset
Retirement Obligations", which is effective for fiscal years beginning
after June 15, 2002 (January 1, 2003 for the Partnerships). On January 1,
2003, the Partnerships adopted FAS No. 143 and recorded an increase in
capitalized cost of oil and gas properties, an increase (decrease) in net
income for the cumulative effect of the change in accounting principle,
and an asset retirement obligation in the following approximate amounts
for each Partnership:

Increase
(Decrease)
Increase in
in Net Income
Capitalized for the
Cost of Oil Change in Asset
and Gas Accounting Retirement
Partnerships Properties Principle Obligation
------------ ----------- ---------- ----------
II-A $292,000 $ 6,000 $286,000
II-B 212,000 4,000 208,000
II-C 68,000 100 68,000
II-D 181,000 ( 2,000) 183,000
II-E 98,000 3,000 95,000
II-F 101,000 5,000 96,000
II-G 218,000 10,000 208,000
II-H 54,000 3,000 51,000

These amounts differ significantly from the estimates disclosed in the
Annual Report on Form 10-K for the year ended December 31, 2002 due to a
revision of the methodology used in calculating the change in capitalized
cost of oil and gas properties.

The asset retirement obligation will be adjusted upwards each quarter in
order to recognize accretion of the time-related discount factor. For the
nine months ended September 30, 2003, the II-A, II-B, II-C, II-D, II-E,
II-F, II-G, and II-H Partnerships recognized approximately $9,000, $6,000,
$3,000, $7,000, $3,000, $4,000, $8,000 and $2,000, respectively, of an
increase in depreciation, depletion, and amortization expense, which was
comprised of accretion of the asset retirement obligation and depletion of
the increase in capitalized cost of oil and gas properties.

If this accounting policy had been in effect on January 1, 2002, the
proforma impact for the II-A, II-B, II-C, II-D, II-E, II-F, II-G, and II-H
Partnerships during the nine months ended September 30, 2002 would have
been an increase in depreciation, depletion, and amortization expense of
approximately $9,000, $6,000, $2,000, $7,000, $5,000, $4,000, $9,000, and
$2,000, respectively.

-36-

2. TRANSACTIONS WITH RELATED PARTIES
---------------------------------

The Partnerships' Partnership Agreements provide for reimbursement to the
General Partner for all direct general and administrative expenses and for
the general and administrative overhead applicable to the Partnerships
based on an allocation of actual costs incurred. During the three months
ended September 30, 2003, the following payments were made to the General
Partner or its affiliates by the Partnerships:

Direct General Administrative
Partnership and Administrative Overhead
----------- ------------------ --------------
II-A $16,183 $127,443
II-B 12,344 95,190
II-C 5,881 40,689
II-D 10,888 82,863
II-E 8,197 60,216
II-F 6,120 45,105
II-G 12,396 97,944
II-H 3,615 24,135

During the nine months ended September 30, 2003, the following payments
were made to the General Partner or its affiliates by the Partnerships:

Direct General Administrative
Partnership and Administrative Overhead
----------- ------------------ --------------
II-A $46,608 $382,329
II-B 39,992 285,570
II-C 28,857 122,067
II-D 37,465 248,589
II-E 34,641 180,648
II-F 30,414 135,315
II-G 41,225 293,832
II-H 26,101 72,405

Affiliates of the Partnerships operate certain of the Partnerships'
properties and their policy is to bill the Partnerships for all customary
charges and cost reimbursements associated with their activities.

-37-

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

USE OF FORWARD-LOOKING STATEMENTS AND ESTIMATES
- -----------------------------------------------

This Quarterly Report contains certain forward-looking statements. The
words "anticipate", "believe", "expect", "plan", "intend", "estimate",
"project", "could", "may" and similar expressions are intended to identify
forward-looking statements. Such statements reflect management's current
views with respect to future events and financial performance. This
Quarterly Report also includes certain information, which is, or is based
upon, estimates and assumptions. Such estimates and assumptions are
management's efforts to accurately reflect the condition and operation of
the Partnerships.

Use of forward-looking statements and estimates and assumptions involve
risks and uncertainties which include, but are not limited to, the
volatility of oil and gas prices, the uncertainty of reserve information,
the operating risk associated with oil and gas properties (including the
risk of personal injury, death, property damage, damage to the well or
producing reservoir, environmental contamination, and other operating
risks), the prospect of changing tax and regulatory laws, the availability
and capacity of processing and transportation facilities, the general
economic climate, the supply and price of foreign imports of oil and gas,
the level of consumer product demand, and the price and availability of
alternative fuels. Should one or more of these risks or uncertainties
occur or should estimates or underlying assumptions prove incorrect,
actual conditions or results may vary materially and adversely from those
stated, anticipated, believed, estimated, and otherwise indicated.

GENERAL
- -------

The Partnerships are engaged in the business of acquiring and operating
producing oil and gas properties located in the continental United States.
In general, a Partnership acquired producing properties and did not engage
in development drilling or enhanced recovery projects, except as an
incidental part of the management of the producing properties acquired.
Therefore, the economic life of each Partnership, and its related
Production Partnership, is limited to the period of time required to fully
produce its acquired oil and gas reserves. The net proceeds from the oil
and gas operations are distributed to the Limited Partners and the General
Partner in accordance with the terms of the Partnerships' partnership
agreements.

-38-

LIQUIDITY AND CAPITAL RESOURCES
- -------------------------------

The Partnerships began operations and investors were assigned their rights
as Limited Partners, having made capital contributions in the amounts and
on the dates set forth below:

Limited
Date of Partner Capital
Partnership Activation Contributions
----------- ------------------ ---------------

II-A July 22, 1987 $48,428,300
II-B October 14, 1987 36,171,900
II-C January 14, 1988 15,462,100
II-D May 10, 1988 31,487,800
II-E September 27, 1988 22,882,100
II-F January 5, 1989 17,140,000
II-G April 10, 1989 37,218,900
II-H May 17, 1989 9,171,100

In general, the amount of funds available for acquisition of producing
properties was equal to the capital contributions of the Limited Partners,
less 15% for sales commissions and organization and management fees. All
of the Partnerships have fully invested their capital contributions.

Net proceeds from the operations less necessary operating capital are
distributed to the Limited Partners on a quarterly basis. Revenues and net
proceeds of a Partnership are largely dependent upon the volumes of oil
and gas sold and the prices received for such oil and gas. While the
General Partner cannot predict future pricing trends, it believes the
working capital available as of September 30, 2003 and the net revenue
generated from future operations will provide sufficient working capital
to meet current and future obligations.

Occasional expenditures for new wells or well recompletions or workovers,
however, may reduce or eliminate cash available for a particular quarterly
distribution. During the nine months ended September 30, 2002, capital
expenditures for the II-A Partnership totaled $90,928. These expenditures
were primarily due to drilling activities in a large unitized property,
the Willamar Community E Unit, located in Willacy County, Texas, in which
the II-A Partnership owns a working interest of approximately 11.5%. These
activities were successful leading to an increase in both oil and gas
reserves and production on this property. During the nine months ended
September 30, 2002, capital expenditures for the II-D Partnership totaled
$60,566. These expenditures were primarily due to the drilling of the
Crusch A 1-3 well located in Roosevelt County, Montana, in which the II-D
Partnership owns a working interest of approximately 11.5%. These
activities were successful

-39-

leading to an increase in both oil and gas reserves and production on this
property. During the nine months ended September 30, 2002, capital
expenditures for the II-E Partnership totaled $187,402. These expenditures
were primarily due to the drilling of the Ernest Frey #1 and Mordello
Vincent #7 wells located in Acadia Parish, Louisiana, in each of which the
II-E Partnership owns a working interest of approximately 5.8%. These
activities were successful leading to an increase in oil reserves and
production on these wells. In addition, during the nine months ended
September 30, 2002, capital expenditures for the II-F, II-G, and II-H
Partnerships totaled $67,837, $143,709, and $34,048, respectively. These
expenditures were primarily due to a recompletion on the CH Weir B well
located in Lea County, New Mexico. These activities were successful
leading to an increase in both oil and gas reserves and production on this
well. The II-F, II-G, and II-H Partnerships own working interests of
approximately 4.0%, 8.3%, and 1.9%, respectively, in this well. Any other
capital expenditures incurred by the Partnerships during the nine months
ended September 30, 2003 and 2002 were not material to the Partnerships'
cash flows.

The II-A Partnership's Statement of Cash Flows for the nine months ended
September 30, 2002 includes proceeds from the sale of certain oil and gas
properties during December 2001. These proceeds were included in the
Partnership's cash distributions paid in February 2002.

The Partnerships would have terminated on December 31, 2001 in accordance
with the partnership agreements for the Partnerships. However, such
partnership agreements provide that the General Partner may extend the
term of each Partnership for up to five periods of two years each. The
General Partner has extended the terms of the Partnerships for their first
two-year extension thereby extending their termination date to December
31, 2003. The General Partner currently intends to extend the terms of
each Partnership for their third extension period. Accordingly, the
financial statements have not been presented on a liquidation basis
because it is not probable that the Partnerships will be terminated within
the next year.

CRITICAL ACCOUNTING POLICIES
- ----------------------------

The Partnerships follow the successful efforts method of accounting for
their oil and gas properties. Under the successful efforts method, the
Partnerships capitalize all property acquisition costs and development
costs incurred in connection with the further development of oil and gas
reserves. Property acquisition costs include costs incurred by the
Partnerships or the General Partner to acquire producing properties,
including related title insurance or examination costs, commissions,
engineering, legal and accounting fees, and similar costs directly related
to the

-40-

acquisitions plus an allocated portion of the General Partner's property
screening costs. The acquisition cost to the Partnerships of the
properties acquired by the General Partner is adjusted to reflect the net
cash results of operations, including interest incurred to finance the
acquisition, for the period of time the properties are held by the General
Partner.

Depletion of the cost of producing oil and gas properties, amortization of
related intangible drilling and development costs, and depreciation of
tangible lease and well equipment are computed on the units-of-production
method. The Partnerships' calculation of depreciation, depletion, and
amortization includes estimated dismantlement and abandonment costs and
estimated salvage value of the equipment. When complete units of
depreciable property are retired or sold, the asset cost and related
accumulated depreciation are eliminated with any gain or loss (including
the elimination of the asset retirement obligation) reflected in income.
When less than complete units of depreciable property are retired or sold,
the proceeds are credited to oil and gas properties.

The Partnerships evaluate the recoverability of the carrying costs of
their proved oil and gas properties for each oil and gas field (rather
than separately for each well). If the unamortized costs of oil and gas
properties within a field exceeds the expected undiscounted future cash
flows from such properties, the cost of the properties is written down to
fair value, which is determined by using the estimated discounted future
cash flows from the properties. The risk that the Partnerships will be
required to record impairment provisions in the future increases as oil
and gas prices decrease.

The Deferred Charge on the Balance Sheets represents costs deferred for
lease operating expenses incurred in connection with the Partnerships'
underproduced gas imbalance positions. Conversely, the Accrued Liability
represents charges accrued for lease operating expenses incurred in
connection with the Partnerships' overproduced gas imbalance positions.
The rate used in calculating the Deferred Charge and Accrued Liability is
the annual average production costs per Mcf.

The Partnerships' oil and condensate production is sold, title passed, and
revenue recognized at or near the Partnerships' wells under short-term
purchase contracts at prevailing prices in accordance with arrangements
which are customary in the oil and gas industry. Sales of gas applicable
to the Partnerships' interest in producing oil and gas leases are recorded
as revenue when the gas is metered and title transferred pursuant to the
gas sales contracts covering the Partnerships' interest in gas reserves.
During such times as a Partnership's sales of gas exceed its' pro rata
ownership in a well, such sales are recorded as revenues unless total
sales from the well have

-41-

exceeded the Partnership's share of estimated total gas reserves
underlying the property, at which time such excess is recorded as a
liability. The rates per Mcf used to calculate this liability are based on
the average gas prices received for the volumes at the time the
overproduction occurred. This also approximates the price for which the
Partnerships are currently settling this liability. These amounts were
recorded as gas imbalance payables in accordance with the sales method.
These gas imbalance payables will be settled by either gas production by
the underproduced party in excess of current estimates of total gas
reserves for the well or by negotiated or contractual payment to the
underproduced party.

NEW ACCOUNTING PRONOUNCEMENTS
- -----------------------------

Below is a brief description of Financial Accounting Standards ("FAS")
recently issued by the Financial Accounting Standards Board ("FASB") which
may have an impact on the Partnerships' future results of operations and
financial position.

In July 2001, the FASB issued FAS No. 143, "Accounting for Asset
Retirement Obligations", which is effective for fiscal years beginning
after June 15, 2002 (January 1, 2003 for the Partnerships). On January 1,
2003, the Partnerships adopted FAS No. 143 and recorded an increase in
capitalized cost of oil and gas properties, an increase (decrease) in net
income for the cumulative effect of the change in accounting principle,
and an asset retirement obligation in the following approximate amounts
for each Partnership:

Increase
(Decrease)
Increase in
in Net Income
Capitalized for the
Cost of Oil Change in Asset
and Gas Accounting Retirement
Partnerships Properties Principle Obligation
------------ ----------- ---------- ----------
II-A $292,000 $ 6,000 $286,000
II-B 212,000 4,000 208,000
II-C 68,000 100 68,000
II-D 181,000 ( 2,000) 183,000
II-E 98,000 3,000 95,000
II-F 101,000 5,000 96,000
II-G 218,000 10,000 208,000
II-H 54,000 3,000 51,000

These amounts differ significantly from the estimates disclosed in the
Annual Report on Form 10-K for the year ended December 31, 2002 due to a
revision of the methodology used in calculating the change in capitalized
cost of oil and gas properties.

-42-

The asset retirement obligation will be adjusted upwards each quarter in
order to recognize accretion of the time-related discount factor. For the
nine months ended September 30, 2003, the II-A, II-B, II-C, II-D, II-E,
II-F, II-G, and II-H Partnerships recognized approximately $9,000, $6,000,
$3,000, $7,000, $3,000, $4,000, $8,000 and $2,000, respectively, of an
increase in depreciation, depletion, and amortization expense, which was
comprised of accretion of the asset retirement obligation and depletion of
the increase in capitalized cost of oil and gas properties.

PROVED RESERVES AND NET PRESENT VALUE
- -------------------------------------

The process of estimating oil and gas reserves is complex, requiring
significant subjective decisions in the evaluation of available
geological, engineering, and economic data for each reservoir. The data
for a given reservoir may change substantially over time as a result of,
among other things, additional development activity, production history,
and viability of production under varying economic conditions;
consequently, it is reasonably possible that material revisions to
existing reserve estimates may occur in the future. Although every
reasonable effort has been made to ensure that these reserve estimates
represent the most accurate assessment possible, the significance of the
subjective decisions required and variances in available data for various
reservoirs make these estimates generally less precise than other
estimates presented in connection with financial statement disclosures.

The following tables summarize changes in net quantities of the
Partnerships' proved reserves, all of which are located in the United
States, for the periods indicated. The proved reserves were estimated by
petroleum engineers employed by affiliates of the Partnerships, and are
annually reviewed by an independent engineering firm. "Proved reserves"
refers to those estimated quantities of crude oil, gas, and gas liquids
which geological and engineering data demonstrate with reasonable
certainty to be recoverable in future years from known oil and gas
reservoirs under existing economic and operating conditions. The following
information includes certain gas balancing adjustments which cause the gas
volume to differ from the reserve reports prepared by the General Partner.

-43-

II-A Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 517,852 5,817,550
Production ( 16,246) ( 182,843)
Revisions of previous
estimates 2,844 12,124
------- ---------

Proved reserves, March 31, 2003 504,450 5,646,831
Production ( 22,322) ( 192,809)
Extensions and discoveries 18,202 23,004
Revisions of previous
estimates 94,420 1,104,781
------- ---------
Proved reserves, June 30, 2003 594,750 6,581,807
Production ( 17,987) ( 180,852)
Revisions of previous
estimates ( 7,771) ( 71,904)
------- ---------
Proved reserves, Sept. 30, 2003 568,992 6,329,051
======= =========

-44-

II-B Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 359,624 4,443,545
Production ( 10,041) ( 137,522)
Revisions of previous
estimates ( 2,611) ( 1,847)
------- ---------

Proved reserves, March 31, 2003 346,972 4,304,176
Production ( 9,804) ( 151,089)
Revisions of previous
estimates 92,624 852,286
------- ---------

Proved reserves, June 30, 2003 429,792 5,005,373
Production ( 11,170) ( 135,853)
Revisions of previous
estimates 564 ( 59,164)
------- ---------

Proved reserves, Sept. 30, 2003 419,186 4,810,356
======= =========

-45-

II-C Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 128,944 3,120,468
Production ( 3,777) ( 78,149)
Revisions of previous
estimates ( 210) ( 12,847)
------- ---------

Proved reserves, March 31, 2003 124,957 3,029,472
Production ( 3,261) ( 93,177)
Revisions of previous
estimates 43,042 569,574
------- ---------

Proved reserves, June 30, 2003 164,738 3,505,869
Production ( 3,903) ( 74,009)
Revisions of previous
estimates 471 ( 50,300)
------- ---------

Proved reserves, Sept. 30, 2003 161,306 3,381,560
======= =========

-46-

II-D Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 186,724 7,948,973
Production ( 6,730) ( 164,162)
Revisions of previous
estimates 104 ( 6,291)
------- ---------

Proved reserves, March 31, 2003 180,098 7,778,520
Production ( 3,172) ( 218,619)
Revisions of previous
estimates 18,742 1,463,484
------- ---------

Proved reserves, June 30, 2003 195,668 9,023,385
Production ( 4,672) ( 180,894)
Revisions of previous
estimates ( 2,171) ( 74,819)
------- ---------

Proved reserves, Sept. 30, 2003 188,825 8,767,672
======= =========

-47-

II-E Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 173,164 4,192,406
Production ( 5,319) ( 111,215)
Revisions of previous
estimates 722 10,746
------- ---------

Proved reserves, March 31, 2003 168,567 4,091,937
Production ( 4,892) ( 125,153)
Revisions of previous
estimates 24,112 1,085,980
------- ---------

Proved reserves, June 30, 2003 187,787 5,052,764
Production ( 4,824) ( 119,454)
Extensions and discoveries 29 13,257
Revisions of previous
estimates 1,148 ( 67,086)
------- ---------

Proved reserves, Sept. 30, 2003 184,140 4,879,481
======= =========

-48-

II-F Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 230,274 2,962,281
Production ( 6,851) ( 111,565)
Revisions of previous
estimates 2,654 52,338
------- ---------

Proved reserves, March 31, 2003 226,077 2,903,054
Production ( 6,664) ( 111,604)
Revisions of previous
estimates 58,391 1,084,618
------- ---------

Proved reserves, June 30, 2003 277,804 3,876,068
Production ( 6,106) ( 108,194)
Extensions and discoveries 2,881 1,207
Revisions of previous
estimates 5,544 ( 65,918)
------- ---------

Proved reserves, Sept. 30, 2003 280,123 3,703,163
======= =========

-49-

II-G Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 483,873 6,369,980
Production ( 14,356) ( 237,017)
Extensions and discoveries 207 108
Revisions of previous
estimates 5,364 112,320
------- ---------

Proved reserves, March 31, 2003 475,088 6,245,391
Production ( 13,985) ( 238,346)
Extensions and discoveries
Revisions of previous
estimates 122,287 2,319,224
------- ---------

Proved reserves, June 30, 2003 583,390 8,326,269
Production ( 12,803) ( 230,579)
Extensions and discoveries 5,867 19,650
Revisions of previous
estimates 11,712 ( 147,554)
------- ---------

Proved reserves, Sept. 30, 2003 588,166 7,967,786
======= =========

-50-

II-H Partnership
----------------

Crude Natural
Oil Gas
(Barrels) (Mcf)
--------- -----------

Proved reserves, Dec. 31, 2002 113,085 1,553,934
Production ( 3,330) ( 56,418)
Revisions of previous
estimates 1,317 27,210
------- ---------

Proved reserves, March 31, 2003 111,072 1,524,726
Production ( 3,254) ( 57,382)
Revisions of previous
estimates 28,117 557,281
------- ---------

Proved reserves, June 30, 2003 135,935 2,024,625
Production ( 2,973) ( 55,110)
Extensions and discoveries 1,174 7,265
Revisions of previous
estimates 3,017 ( 35,123)
------- ---------

Proved reserves, Sept. 30, 2003 137,153 1,941,657
======= =========

The net present value of the Partnerships' reserves may change
dramatically as oil and gas prices change or as volumes change for the
reasons described above. Net present value represents estimated future
gross cash flow from the production and sale of proved reserves, net of
estimated oil and gas production costs (including production taxes, ad
valorem taxes, and operating expenses) and estimated future development
costs, discounted at 10% per annum.

The following table indicates the estimated net present value of the
Partnerships' proved reserves as of September 30, 2003, June 30, 2003
March 31, 2003, and December 31, 2002. Net present value attributable to
the Partnerships' proved reserves was calculated on the basis of current
costs and prices as of the date of estimation. Such prices were not
escalated except in certain circumstances where escalations were fixed and
readily determinable in accordance with applicable contract provisions.
The table also indicates the gas prices in effect on the dates
corresponding to the reserve valuations. Changes in the oil and gas prices
cause the estimates of remaining economically recoverable reserves, as
well as the values placed on said reserves to fluctuate. The prices used
in calculating the net present value attributable to the Partnerships'
proved reserves do not necessarily reflect market prices for oil and gas
production subsequent to September 30, 2003. There

-51-

can be no assurance that the prices used in calculating the net present
value of the Partnerships' proved reserves at September 30, 2003 will
actually be realized for such production.

Net Present Value of Reserves (In 000's)
---------------------------------------------------
Partnership 9/30/03 6/30/03 3/31/03 12/31/02
----------- ------- ------- ------- --------
II-A $15,600 $18,429 $17,432 $16,956
II-B 11,594 13,270 12,350 12,055
II-C 7,488 8,623 8,226 7,938
II-D 17,982 21,207 20,133 19,071
II-E 9,937 11,660 10,496 10,193
II-F 9,285 10,816 9,282 9,142
II-G 19,797 23,043 19,797 19,484
II-H 4,747 5,520 4,752 4,671

Oil and Gas Prices
---------------------------------------------------
Pricing 9/30/03 6/30/03 3/31/03 12/31/02
----------- ------- ------- ------- --------
Oil (Bbl) $ 26.00 $ 27.00 $ 27.75 $ 28.00
Gas (Mcf) 4.58 5.18 5.06 4.74

The Partnerships had downward revisions in the estimated net present value
of reserves at September 30, 2003 as compared to June 30, 2003 primarily
due to decreases in the oil and gas prices used to value the reserves.

RESULTS OF OPERATIONS
- ---------------------

GENERAL DISCUSSION

The following general discussion should be read in conjunction with the
analysis of results of operations provided below.

The primary source of liquidity and Partnership cash distributions comes
from the net revenues generated from the sale of oil and gas produced from
the Partnerships' oil and gas properties. The level of net revenues is
highly dependent upon the total volumes of oil and natural gas sold. Oil
and gas reserves are depleting assets and will experience production
declines over time, thereby likely resulting in reduced net revenues. The
level of net revenues is also highly dependent upon the prices received
for oil and gas sales, which prices have historically been very volatile
and may continue to be so.

Additionally, lower oil and natural gas prices may reduce the amount of
oil and gas that is economic to produce and reduce the Partnerships'
revenues and cash flow. Various factors beyond the Partnerships' control
will affect prices for oil and natural gas, such as:

-52-

* Worldwide and domestic supplies of oil and natural gas;
* The ability of the members of the Organization of Petroleum Exporting
Countries ("OPEC") to agree to and maintain oil prices and production
quotas;
* Political instability or armed conflict in oil-producing regions or
around major shipping areas;
* The level of consumer demand and overall economic activity;
* The competitiveness of alternative fuels;
* Weather conditions;
* The availability of pipelines for transportation; and
* Domestic and foreign government regulations and taxes.

Recently, while economic factors have been relatively unfavorable for oil
and natural gas demand, oil prices, to an extent, have benefited from the
political uncertainty associated with the increase in terrorist activities
in parts of the world. In the last few years, natural gas prices have
varied significantly, from very high prices in late 2000 and early 2001,
to low prices in late 2001 and early 2002, to rising prices in the later
part of 2002 and early 2003. The high natural gas prices were associated
with cold winter weather and decreased supply from reduced capital
investment for new drilling, while the low prices were associated with
warm winter weather and reduced economic activity. The more recent
increase in prices is the result of increased demand from weather
patterns, the pricing effect of relatively high oil prices and increased
concern about the ability of the industry to meet any longer-term demand
increases based upon current drilling activity.

It is not possible to predict the future direction of oil or natural gas
prices or whether the above discussed trends will remain. Operating costs,
including General and Administrative Expenses, may not decline over time
or may experience only a gradual decline, thus adversely affecting net
revenues as either production or oil and natural gas prices decline. In
any particular period, net revenues may also be affected by either the
receipt of proceeds from property sales or the incursion of additional
costs as a result of well workovers, recompletions, new well drilling, and
other events.

-53-

II-A PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
---------- --------
Oil and gas sales $1,309,670 $932,585
Oil and gas production expenses $ 337,944 $314,976
Barrels produced 17,987 13,602
Mcf produced 180,852 193,018
Average price/Bbl $ 26.32 $ 26.25
Average price/Mcf $ 4.62 $ 2.98

As shown in the table above, total oil and gas sales increased $377,085
(40.4%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately (i)
$297,000 was related to an increase in the average price of gas sold and
(ii) $115,000 was related to an increase in volumes of oil sold. Volumes
of oil sold increased 4,385 barrels, while volumes of gas sold decreased
12,166 Mcf for the three months ended September 30, 2003 as compared to
the three months ended September 30, 2002. The increase in volumes of oil
sold was primarily due to (i) an increase in production on one significant
well due to the successful recompletion of that well during mid 2002, (ii)
an increase in production on another significant well due to the
successful workover of that well during mid 2003, and (iii) the successful
completion of a new well during mid 2002. Average oil and gas prices
increased to $26.32 per barrel and $4.62 per Mcf, respectively, for the
three months ended September 30, 2003 from $26.25 per barrel and $2.98 per
Mcf, respectively, for the three months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $22,968 (7.3%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
25.8% for the three months ended September 30, 2003 from 33.8% for the
three months ended September 30, 2002. This percentage decrease was
primarily due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
increased $37,756 (174.2%) for the three months ended September 30, 2003
as compared to the three months ended September 30, 2002. This increase
was primarily due to (i) downward revisions in the estimates of remaining
oil and gas reserves for the three months ended September 30, 2003 and
(ii) an increase in depletable oil and gas properties primarily due to
recompletion activities on one significant well during the three months
ended September 30,

-54-

2003. As a percentage of oil and gas sales, these expenses increased to
4.5% for the three months ended September 30, 2003 from 2.3% for the three
months ended September 30, 2002. This percentage increase was primarily
due to the dollar increase in depreciation, depletion, and amortization of
oil and gas properties.

General and administrative expenses increased $7,228 (5.3%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 11.0% for the three months ended September 30, 2003 from
14.6% for the three months ended September 30, 2002. This percentage
decrease was primarily due to the increase in oil and gas sales.

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- ----------
Oil and gas sales $4,355,746 $2,700,081
Oil and gas production expenses $1,036,270 $1,117,942
Barrels produced 56,555 44,969
Mcf produced 556,504 618,085
Average price/Bbl $ 27.68 $ 22.55
Average price/Mcf $ 5.01 $ 2.73

As shown in the table above, total oil and gas sales increased $1,655,665
(61.3%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately (i)
$290,000 and $1,272,000, respectively, were related to increases in the
average prices of oil and gas sold and (ii) $261,000 was related to an
increase in volumes of oil sold. These increases were partially offset by
a decrease of approximately $167,000 related to a decrease in volumes of
gas sold. Volumes of oil sold increased 11,586 barrels, while volumes of
gas sold decreased 61,581 Mcf for the nine months ended September 30, 2003
as compared to the nine months ended September 30, 2002. The increase in
volumes of oil sold was primarily due to (i) an increase in production on
one significant well due to the successful recompletion of that well
during mid 2002, (ii) the successful completion of a new well during mid
2002, and (iii) a positive prior period volume adjustment made by the
purchaser on another significant well during the nine months ended
September 30, 2003. The decrease in volumes of gas sold was primarily due
to (i) normal declines in production, (ii) a positive prior period gas
balancing adjustment on one significant well during the nine months ended
September 30, 2002, and (iii) positive prior period volume adjustments
made by the operators on two significant wells during the nine months
ended September 30, 2002. Average oil and gas prices increased to $27.68
per barrel and $5.01 per Mcf,

-55-

respectively, for the nine months ended September 30, 2003 from $22.55 per
barrel and $2.73 per Mcf, respectively, for the nine months ended
September 30, 2002.

As discussed in Liquidity and Capital Resources above, the II-A
Partnership sold certain oil and gas properties during the nine months
ended September 30, 2002 and recognized a $193,272 gain on such sales. No
such sales occurred during the nine months ended September 30, 2003.

Oil and gas production expenses (including lease operating expenses and
production taxes) decreased $81,672 (7.3%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This decrease was primarily due to workover expenses incurred on
several wells during the nine months ended September 30, 2002. This
decrease was partially offset by (i) an increase in production taxes
associated with the increase in oil and gas sales and (ii) a partial
reversal during the nine months ended September 30, 2002 of approximately
$22,000 (due to a partial post judgment settlement) of a charge previously
accrued for this judgment. As a percentage of oil and gas sales, these
expenses decreased to 23.8% for the nine months ended September 30, 2003
from 41.4% for the nine months ended September 30, 2002. This percentage
decrease was primarily due to the increases in the average prices of oil
and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $16,709 (9.1%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. As a percentage of
oil and gas sales, this expense decreased to 3.8% for the nine months
ended September 30, 2003 from 6.8% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increases in the
average prices of oil and gas sold.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 9.8% for the nine months ended
September 30, 2003 from 15.8% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $57,337,357 or 118.40% of Limited Partners' capital
contributions.

-56-

II-B PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
-------- --------
Oil and gas sales $929,557 $652,635
Oil and gas production expenses $247,756 $195,428
Barrels produced 11,170 9,413
Mcf produced 135,853 139,524
Average price/Bbl $ 28.99 $ 26.18
Average price/Mcf $ 4.46 $ 2.91

As shown in the table above, total oil and gas sales increased $276,922
(42.4%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately (i)
$31,000 and $210,000, respectively, were related to increases in the
average prices of oil and gas sold and (ii) $46,000 was related to an
increase in volumes of oil sold. Volumes of oil sold increased 1,757
barrels, while volumes of gas sold decreased 3,671 Mcf for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. The increase in volumes of oil sold was primarily due
to an increase in production on one significant well due to the successful
workover of that well during mid 2003. Average oil and gas prices
increased to $28.99 per barrel and $4.46 per Mcf, respectively, for the
three months ended September 30, 2003 from $26.18 per barrel and $2.91 per
Mcf, respectively, for the three months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $52,328 (26.8%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. This increase was primarily due to (i) workover expenses incurred on
one significant well during the three months ended September 30, 2003 and
(ii) an increase in production taxes associated with the increase in oil
and gas sales. As a percentage of oil and gas sales, these expenses
decreased to 26.7% for the three months ended September 30, 2003 from
29.9% for the three months ended September 30, 2002. This percentage
decrease was primarily due to the increases in the average prices of oil
and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
increased $35,204 (323.7%) for the three months ended September 30, 2003
as compared to the three months ended September 30, 2002. This increase
was primarily due to substantial downward revisions in the estimates of
remaining oil and gas reserves on one significant well during the three
months ended September 30, 2003 as compared

-57-

to the three months ended September 30, 2002. As a percentage of oil and
gas sales, this expense increased to 5.0% for the three months ended
September 30, 2003 from 1.7% for the three months ended September 30,
2002. This percentage increase was primarily due to the dollar increase in
depreciation, depletion, and amortization of oil and gas properties.

General and administrative expenses increased $5,197 (5.1%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 11.6% for the three months ended September 30, 2003 from
15.7% for the three months ended September 30, 2002. This percentage
decrease was primarily due to the increase in oil and gas sales.

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- ----------
Oil and gas sales $2,967,617 $1,905,822
Oil and gas production expenses $ 738,589 $ 785,656
Barrels produced 31,015 30,747
Mcf produced 424,464 462,665
Average price/Bbl $ 28.95 $ 22.93
Average price/Mcf $ 4.88 $ 2.60

As shown in the table above, total oil and gas sales increased $1,061,795
(55.7%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$187,000 and $968,000, respectively, were related to increases in the
average prices of oil and gas sold. Volumes of oil sold increased 268
barrels, while volumes of gas sold decreased 38,201 Mcf for the nine
months ended September 30, 2003 as compared to the nine months ended
September 30, 2002. Average oil and gas prices increased to $28.95 per
barrel and $4.88 per Mcf, respectively, for the nine months ended
September 30, 2003 from $22.93 per barrel and $2.60 per Mcf, respectively,
for the nine months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) decreased $47,067 (6.0%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This decrease was primarily due to (i) workover expenses incurred on
several wells during the nine months ended September 30, 2002 and (ii) a
decrease in lease operating expenses associated with the decrease in
volumes of gas sold. These decreases were partially offset by an increase
in production taxes associated with the increase in oil and gas sales. As
a percentage of oil and gas sales, these expenses decreased to

-58-

24.9% for the nine months ended September 30, 2003 from 41.2% for the nine
months ended September 30, 2002. This percentage decrease was primarily
due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
remained relatively constant for the nine months ended September 30, 2003
and 2002. As a percentage of oil and gas sales, this expense decreased to
4.5% for the nine months ended September 30, 2003 from 7.1% for the nine
months ended September 30, 2002. This percentage decrease was primarily
due to the increases in the average prices of oil and gas sold.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 11.0% for the nine months ended
September 30, 2003 from 16.9% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $41,281,916 or 114.13% of Limited Partners' capital
contributions.

II-C PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
-------- --------
Oil and gas sales $433,234 $324,790
Oil and gas production expenses $118,433 $ 86,846
Barrels produced 3,903 3,328
Mcf produced 74,009 86,084
Average price/Bbl $ 29.12 $ 26.40
Average price/Mcf $ 4.32 $ 2.75

As shown in the table above, total oil and gas sales increased $108,444
(33.4%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately (i)
$116,000 was related to an increase in the average price of gas sold and
(ii) $15,000 was related to an increase in volumes of oil sold. These
increases were partially offset by a decrease of approximately $33,000
related to a decrease in volumes of gas sold. Volumes of oil sold
increased 575 barrels, while volumes of gas sold decreased 12,075 Mcf for
the three months ended September 30, 2003 as compared to the three months
ended September 30, 2002. The increase in volumes of oil sold was
primarily due to an increase in production on one significant well due to
the successful workover of that well during mid 2003. The decrease in

-59-

volumes of gas sold was primarily due to (i) normal declines in production
and (ii) a positive prior period volume adjustment made by the purchaser
on one significant well during the three months ended September 30, 2002.
Average oil and gas prices increased to $29.12 per barrel and $4.32 per
Mcf, respectively, for the three months ended September 30, 2003 from
$26.40 per barrel and $2.75 per Mcf, respectively, for the three months
ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $31,587 (36.4%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. This increase was primarily due to (i) workover expenses incurred on
two significant wells during the three months ended September 30, 2003,
(ii) an increase in production taxes associated with the increase in oil
and gas sales, and (iii) negative prior period lease operating expense
adjustments made by the operators on two other significant wells during
the three months ended September 30, 2002. As a percentage of oil and gas
sales, these expenses increased to 27.3% for the three months ended
September 30, 2003 from 26.7% for the three months ended September 30,
2002.

Depreciation, depletion, and amortization of oil and gas properties
increased $15,288 (275.2%) for the three months ended September 30, 2003
as compared to the three months ended September 30, 2002. This increase
was primarily due to (i) an increase in depletable oil and gas properties
primarily due to recompletion activities on one significant well during
the three months ended September 30, 2003 and (ii) downward revisions in
the estimates of remaining gas reserves for the three months ended
September 30, 2003. As a percentage of oil and gas sales, this expense
increased to 4.8% for the three months ended September 30, 2003 from 1.7%
for the three months ended September 30, 2002. This percentage increase
was primarily due to the dollar increase in depreciation, depletion, and
amortization of oil and gas properties.

General and administrative expenses increased $1,776 (4.0%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 10.7% for the three months ended September 30, 2003 from
13.8% for the three months ended September 30, 2002. This percentage
decrease was primarily due to the increase in oil and gas sales.

-60-

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- --------
Oil and gas sales $1,468,547 $929,549
Oil and gas production expenses $ 360,727 $324,291
Barrels produced 10,941 11,065
Mcf produced 245,335 263,604
Average price/Bbl $ 29.13 $ 23.25
Average price/Mcf $ 4.69 $ 2.55

As shown in the table above, total oil and gas sales increased $538,998
(58.0%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$64,000 and $524,000, respectively, were related to increases in the
average prices of oil and gas sold. Volumes of oil and gas sold decreased
124 barrels and 18,269 Mcf, respectively, for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. Average oil and gas prices increased to $29.13 per barrel and $4.69
per Mcf, respectively, for the nine months ended September 30, 2003 from
$23.25 per barrel and $2.55 per Mcf, respectively, for the nine months
ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $36,436 (11.2%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This increase was primarily due to an increase in production taxes
associated with the increase in oil and gas sales, which increase was
partially offset by workover expenses incurred on two significant wells
for the nine months ended September 30, 2002. As a percentage of oil and
gas sales, these expenses decreased to 24.6% for the nine months ended
September 30, 2003 from 34.9% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increases in the
average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $1,159 (1.7%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. As a percentage of
oil and gas sales, this expense decreased to 4.5% for the nine months
ended September 30, 2003 from 7.3% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increases in the
average prices of oil and gas sold.

General and administrative expenses increased $2,204 (1.5%) for the nine
months ended September 30, 2003 as compared to the nine months ended
September 30, 2002. As a percentage of

-61-

oil and gas sales, these expenses decreased to 10.3% for the nine months
ended September 30, 2003 from 16.0% for the nine months ended September
30, 2002. This percentage decrease was primarily due to the increase in
oil and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $19,288,686 or 124.75% of Limited Partners' capital
contributions.

II-D PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
-------- --------
Oil and gas sales $938,668 $786,875
Oil and gas production expenses $269,454 $223,405
Barrels produced 4,672 7,549
Mcf produced 180,894 212,305
Average price/Bbl $ 27.77 $ 26.59
Average price/Mcf $ 4.47 $ 2.76

As shown in the table above, total oil and gas sales increased $151,793
(19.3%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately
$309,000 was related to an increase in the average price of gas sold. This
increase was partially offset by decreases of approximately $77,000 and
$87,000, respectively, related to decreases in volumes of oil and gas
sold. Volumes of oil and gas sold decreased 2,877 barrels and 31,411 Mcf,
respectively, for the three months ended September 30, 2003 as compared to
the three months ended September 30, 2002. The decrease in volumes of oil
sold was primarily due to (i) a substantial decline in production during
the three months ended September 30, 2003 on one significant well
following the completion of that well during late 2001 and (ii) normal
declines in production. The well with a substantial decline in production
is not expected to return to previously high levels of production. The
decrease in volumes of gas sold was primarily due to (i) the sale of
several wells during late 2002, (ii) normal declines in production, and
(iii) a positive prior period volume adjustment made by the purchaser on
one significant well during the three months ended September 30, 2002.
These decreases were partially offset by a positive prior period volume
adjustment made by the purchaser on another significant well during the
three months ended September 30, 2003. Average oil and gas prices
increased to $27.77 per barrel and $4.47 per Mcf, respectively, for the
three months ended September 30, 2003 from $26.59 per barrel and $2.76 per
Mcf, respectively, for the three months ended September 30, 2002.

-62-

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $46,049 (20.6%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. This increase was primarily due to (i) a positive prior period lease
operating expense adjustment made by the operator on one significant well
during the three months ended September 30, 2003, (ii) workover expenses
incurred on several wells during the three months ended September 30,
2003, and (iii) an increase in production taxes associated with the
increase in oil and gas sales. These increases were partially offset by
(i) a decrease in lease operating expenses associated with the decreases
in volumes of oil and gas sold and (ii) workover expenses incurred on one
significant well during the three months ended September 30, 2002. As a
percentage of oil and gas sales, these expenses increased to 28.7% for the
three months ended September 30, 2003 from 28.4% for the three months
ended September 30, 2002.

Depreciation, depletion, and amortization of oil and gas properties
increased $37,232 (223.3%) for the three months ended September 30, 2003
as compared to the three months ended September 30, 2002. This increase
was primarily due to (i) downward revisions in the estimates of remaining
oil and gas reserves for the three months ended September 30, 2003 and
(ii) an increase in depletable oil and gas properties primarily due to
recompletion activities on one significant well during the three months
ended September 30, 2003. As a percentage of oil and gas sales, this
expense increased to 5.7% for the three months ended September 30, 2003
from 2.1% for the three months ended September 30, 2002. This percentage
increase was primarily due to the dollar increase in depreciation,
depletion, and amortization of oil and gas properties.

General and administrative expenses increased $4,426 (5.0%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 10.0% for the three months ended September 30, 2003 from
11.4% for the three months ended September 30, 2002. This percentage
decrease was primarily due to the increase in oil and gas sales.

-63-

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- ----------
Oil and gas sales $2,982,439 $2,122,635
Oil and gas production expenses $ 775,664 $ 718,259
Barrels produced 14,574 25,931
Mcf produced 563,675 613,015
Average price/Bbl $ 29.05 $ 22.60
Average price/Mcf $ 4.54 $ 2.51

As shown in the table above, total oil and gas sales increased $859,804
(40.5%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$94,000 and $1,146,000, respectively, were related to increases in the
average prices of oil and gas sold. These increases were partially offset
by decreases of approximately $257,000 and $123,000, respectively, related
to decreases in volumes of oil and gas sold. Volumes of oil and gas sold
decreased 11,357 barrels and 49,340 Mcf, respectively, for the nine months
ended September 30, 2003 as compared to the nine months ended September
30, 2002. The decrease in volumes of oil sold was primarily due to (i) a
substantial decline in production during the nine months ended September
30, 2003 on one significant well following the completion of that well
during late 2001 and (ii) normal declines in production. The well with a
substantial decline in production is not expected to return to previously
high levels of production. The decrease in volumes of gas sold was
primarily due to (i) the sale of several wells during late 2002 and (ii)
the shutting-in of one significant well during the nine months ended
September 30, 2003 due to high well pressure. The shut-in well is expected
to return to production in late 2003. These decreases were partially
offset by positive prior period volume adjustments made by the operator on
two significant wells during the nine months ended September 30, 2003.
Average oil and gas prices increased to $29.05 per barrel and $4.54 per
Mcf, respectively, for the nine months ended September 30, 2003 from
$22.60 per barrel and $2.51 per Mcf, respectively, for the nine months
ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $57,405 (8.0%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This increase was primarily due to (i) an increase in production
taxes associated with the increase in oil and gas sales, (ii) workover
expenses incurred on several wells during the nine months ended September
30, 2003, and (iii) a positive prior period lease operating expense
adjustment made by the operator on one significant well during the nine
months ended

-64-

September 30, 2003. These increases were partially offset by (i) a
decrease in lease operating expenses associated with the decreases in
volumes of oil and gas sold and (ii) workover expenses incurred on several
wells during the nine months ended September 30, 2002. As a percentage of
oil and gas sales, these expenses decreased to 26.0% for the nine months
ended September 30, 2003 from 33.8% for the nine months ended September
30, 2002. This percentage decrease was primarily due to the increases in
the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
increased $55,155 (36.7%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. This increase was
primarily due to (i) an increase in depletable oil and gas properties
primarily due to recompletion activities on one significant well during
the nine months ended September 30, 2003 and (ii) the abandonment of one
significant well during the nine months ended September 30, 2003 due to
severe mechanical problems. These increases were partially offset by (i)
the decreases in volumes of oil and gas sold and (ii) upward revisions in
the estimates of remaining oil and gas reserves for the nine months ended
September 30, 2003. As a percentage of oil and gas sales, this expense
decreased to 6.9% for the nine months ended September 30, 2003 from 7.1%
for the nine months ended September 30, 2002.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 9.6% for the nine months ended
September 30, 2003 from 13.4% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $40,513,903 or 128.67% of Limited Partners' capital
contributions.

II-E PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
-------- --------
Oil and gas sales $657,561 $589,004
Oil and gas production expenses $154,827 $128,012
Barrels produced 4,824 5,795
Mcf produced 119,454 146,173
Average price/Bbl $ 31.43 $ 27.57
Average price/Mcf $ 4.24 $ 2.94

-65-

As shown in the table above, total oil and gas sales increased $68,557
(11.6%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately
$19,000 and $155,000, respectively, were related to increases in the
average prices of oil and gas sold. These increases were partially offset
by decreases of approximately $27,000 and $78,000, respectively, related
to decreases in volumes of oil and gas sold. Volumes of oil and gas sold
decreased 971 barrels and 26,719 Mcf, respectively, for the three months
ended September 30, 2003 as compared to the three months ended September
30, 2002. The decrease in volumes of oil sold was primarily due to (i)
normal declines in production, (ii) production difficulties on one
significant well during the three months ended September 30, 2003, and
(iii) the shutting-in of another significant well due to high well
pressure during the three months ended September 30, 2003. The shut-in
well is expected to return to production in late 2003. The decrease in
volumes of gas sold was primarily due to a positive prior period volume
adjustment made by the purchaser on one significant well during the three
months ended September 30, 2002. Average oil and gas prices increased to
$31.43 per barrel and $4.24 per Mcf, respectively, for the three months
ended September 30, 2003 from $27.57 per barrel and $2.94 per Mcf,
respectively, for the three months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $26,815 (20.9%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. This increase was primarily due to (i) a positive prior period lease
operating expense adjustment made by the operator on one significant well
during the three months ended September 30, 2003 and (ii) an increase in
production taxes associated with the increase in oil and gas sales. As a
percentage of oil and gas sales, these expenses increased to 23.5% for the
three months ended September 30, 2003 from 21.7% for the three months
ended September 30, 2002.

Depreciation, depletion, and amortization of oil and gas properties
increased $20,543 (88.9%) for the three months ended September 30, 2003 as
compared to the three months ended September 30, 2002. This increase was
primarily due to (i) substantial downward revisions in the estimates of
remaining oil and gas reserves on one significant well during the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002 and (ii) an increase in depletable oil and gas
properties primarily due to drilling activities on one significant well
during the three months ended September 30, 2003. As a percentage of oil
and gas sales, this expense increased to 6.6% for the three months ended
September 30, 2003 from 3.9% for the three months ended September 30,
2002. This percentage increase was primarily due to the dollar increase in
depreciation, depletion, and amortization of oil and gas properties.

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General and administrative expenses increased $1,903 (2.9%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 10.4% for the three months ended September 30, 2003 from
11.3% for the three months ended September 30, 2002.

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- ----------
Oil and gas sales $2,184,324 $1,461,055
Oil and gas production expenses $ 485,147 $ 415,961
Barrels produced 15,035 18,651
Mcf produced 355,822 383,242
Average price/Bbl $ 29.51 $ 23.57
Average price/Mcf $ 4.89 $ 2.67

As shown in the table above, total oil and gas sales increased $723,269
(49.5%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$89,000 and $792,000, respectively, were related to increases in the
average prices of oil and gas sold. These increases were partially offset
by decreases of approximately $85,000 and $73,000, respectively, related
to decreases in volumes of oil and gas sold. Volumes of oil and gas sold
decreased 3,616 barrels and 27,420 Mcf, respectively, for the nine months
ended September 30, 2003 as compared to the nine months ended September
30, 2002. The decrease in volumes of oil sold was primarily due to (i)
normal declines in production, (ii) a positive prior period volume
adjustment made by the operator on one significant well during the nine
months ended September 30, 2002, and (iii) the shutting-in of one
significant well due to high well pressure during the nine months ended
September 30, 2003. The shut-in well is expected to return to production
in late 2003. Average oil and gas prices increased to $29.51 per barrel
and $4.89 per Mcf, respectively, for the nine months ended September 30,
2003 from $23.57 per barrel and $2.67 per Mcf, respectively, for the nine
months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $69,186 (16.6%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This increase was primarily due to (i) an increase in production
taxes associated with the increase in oil and gas sales and (ii) positive
prior period lease operating expense adjustments on two significant wells
during the nine months ended September 30, 2003. These increases were
partially offset by a decrease in lease operating expenses associated with
the decreases in volumes of oil and gas sold. As a percentage of

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oil and gas sales, these expenses decreased to 22.2% for the nine months
ended September 30, 2003 from 28.5% for the nine months ended September
30, 2002. This percentage decrease was primarily due to the increases in
the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $37,242 (26.3%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. This decrease was
primarily due to (i) upward revisions in the estimates of remaining oil
and gas reserves for the nine months ended September 30, 2003 and (ii) the
decreases in volumes of oil and gas sold. As a percentage of oil and gas
sales, this expense decreased to 4.8% for the nine months ended September
30, 2003 from 9.7% for the nine months ended September 30, 2002. This
percentage decrease was primarily due to the increases in the average
prices of oil and gas sold.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 9.9% for the nine months ended
September 30, 2003 from 14.7% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $28,313,574 or 123.74% of Limited Partners' capital
contributions.

II-F PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
-------- --------
Oil and gas sales $595,801 $527,359
Oil and gas production expenses $102,041 $104,855
Barrels produced 6,106 6,838
Mcf produced 108,194 119,681
Average price/Bbl $ 29.19 $ 27.31
Average price/Mcf $ 3.86 $ 2.85

As shown in the table above, total oil and gas sales increased $68,442
(13.0%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately
$11,000 and $110,000, respectively, were related to increases in the
average prices of oil and gas sold. These increases were partially offset
by decreases of approximately $20,000 and $33,000, respectively, related
to decreases in volumes of oil and gas sold. Volumes of oil and gas sold
decreased 732 barrels and 11,487 Mcf, respectively, for the three months

-68-

ended September 30, 2003 as compared to the three months ended September
30, 2002. The decrease in volumes of oil sold was primarily due to normal
declines in production. The decrease in volumes of gas sold was primarily
due to (i) normal declines in production, (ii) positive prior period
volume adjustments made by the operators on two significant wells during
the three months ended September 30, 2002, and (iii) a negative prior
period volume adjustment made by the purchaser on one significant well
during the three months ended September 30, 2003. These decreases were
partially offset by (i) positive prior period volume adjustments made by
the purchasers on two significant wells during the three months ended
September 30, 2003 and (ii) a positive prior period volume adjustment made
by the operator on one significant well during the three months ended
September 30, 2003. Average oil and gas prices increased to $29.19 per
barrel and $3.86 per Mcf, respectively, for the three months ended
September 30, 2003 from $27.31 per barrel and $2.85 per Mcf, respectively,
for the three months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) decreased $2,814 (2.7%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
17.1% for the three months ended September 30, 2003 from 19.9% for the
three months ended September 30, 2002. This percentage decrease was
primarily due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $2,451 (5.7%) for the three months ended September 30, 2003 as
compared to the three months ended September 30, 2002. As a percentage of
oil and gas sales, this expense decreased to 6.8% for the three months
ended September 30, 2003 from 8.2% for the three months ended September
30, 2002. This percentage decrease was primarily due to the increases in
the average prices of oil and gas sold.

General and administrative expenses increased $948 (1.9%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 8.6% for the three months ended September 30, 2003 from 9.5%
for the three months ended September 30, 2002.

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NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- ----------
Oil and gas sales $2,066,022 $1,369,918
Oil and gas production expenses $ 414,636 $ 339,998
Barrels produced 19,621 21,483
Mcf produced 331,363 338,964
Average price/Bbl $ 28.57 $ 23.06
Average price/Mcf $ 4.54 $ 2.58

As shown in the table above, total oil and gas sales increased $696,104
(50.8%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$108,000 and $651,000, respectively, were related to increases in the
average prices of oil and gas sold. Volumes of oil and gas sold decreased
1,862 barrels and 7,601 Mcf, respectively, for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. Average oil and gas prices increased to $28.57 per barrel and $4.54
per Mcf, respectively, for the nine months ended September 30, 2003 from
$23.06 per barrel and $2.58 per Mcf, respectively, for the nine months
ended September 30, 2002.

The II-F Partnership sold certain oil and gas properties during the nine
months ended September 30, 2002 and recognized a $50,440 gain on such
sales. No such sales occurred during the nine months ended September 30,
2003.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $74,638 (22.0%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This increase was primarily due to (i) an increase in production
taxes associated with the increase in oil and gas sales and (ii) workover
expenses incurred on several wells during the nine months ended September
30, 2003. These increases were partially offset by workover expenses
incurred on several other wells during the nine months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
20.1% for the nine months ended September 30, 2003 from 24.8% for the nine
months ended September 30, 2002. This percentage decrease was primarily
due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $30,769 (21.7%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. This decrease was
primarily due to (i) upward revisions in the estimates of remaining oil
and gas reserves for the nine months ended September 30,

-70-

2003 and (ii) the decreases in volumes of oil and gas sold. As a
percentage of oil and gas sales, this expense decreased to 5.4% for the
nine months ended September 30, 2003 from 10.4% for the nine months ended
September 30, 2002. This percentage decrease was primarily due to the
increases in the average prices of oil and gas sold.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 8.0% for the nine months ended
September 30, 2003 from 12.1% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $22,879,051 or 133.48% of Limited Partners' capital
contributions.

II-G PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
---------- ----------
Oil and gas sales $1,262,790 $1,115,779
Oil and gas production expenses $ 219,300 $ 224,778
Barrels produced 12,803 14,328
Mcf produced 230,579 254,078
Average price/Bbl $ 29.18 $ 27.32
Average price/Mcf $ 3.86 $ 2.85

As shown in the table above, total oil and gas sales increased $147,011
(13.2%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately
$24,000 and $232,000, respectively, were related to increases in the
average prices of oil and gas sold. These increases were partially offset
by decreases of approximately $42,000 and $67,000, respectively, related
to decreases in volumes of oil and gas sold. Volumes of oil and gas sold
decreased 1,525 barrels and 23,499 Mcf, respectively, for the three months
ended September 30, 2003 as compared to the three months ended September
30, 2002. The decrease in volumes of oil sold was primarily due to normal
declines in production. The decrease in volumes of gas sold was primarily
due to (i) normal declines in production, (ii) positive prior period
volume adjustments made by the operators on two significant wells during
the three months ended September 30, 2002, and (iii) a negative prior
period volume adjustment made by the purchaser on one significant well
during the three months ended September 30, 2003. These decreases were
partially offset by (i) positive prior period volume adjustments made by
the purchasers on two significant wells during the three

-71-

months ended September 30, 2003 and (ii) a positive prior period volume
adjustment made by the operator on one significant well during the three
months ended September 30, 2003. Average oil and gas prices increased to
$29.18 per barrel and $3.86 per Mcf, respectively, for the three months
ended September 30, 2003 from $27.32 per barrel and $2.85 per Mcf,
respectively, for the three months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) decreased $5,478 (2.4%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
17.4% for the three months ended September 30, 2003 from 20.1% for the
three months ended September 30, 2002. This percentage decrease was
primarily due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $3,475 (3.8%) for the three months ended September 30, 2003 as
compared to the three months ended September 30, 2002. As a percentage of
oil and gas sales, this expense decreased to 7.0% for the three months
ended September 30, 2003 from 8.2% for the three months ended September
30, 2002. This percentage decrease was primarily due to the increases in
the average prices of oil and gas sold.

General and administrative expenses increased $4,269 (4.0%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 8.7% for the three months ended September 30, 2003 from 9.5%
for the three months ended September 30, 2002.

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- ----------
Oil and gas sales $4,388,272 $2,902,621
Oil and gas production expenses $ 885,480 $ 725,790
Barrels produced 41,144 45,038
Mcf produced 705,942 721,221
Average price/Bbl $ 28.57 $ 23.06
Average price/Mcf $ 4.55 $ 2.58

As shown in the table above, total oil and gas sales increased $1,485,651
(51.2%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$227,000 and $1,388,000, respectively, were related to increases in the
average prices of oil and gas sold. Volumes of oil and gas sold decreased
3,894 barrels and

-72-

15,279 Mcf, respectively, for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. Average oil and gas
prices increased to $28.57 per barrel and $4.55 per Mcf, respectively, for
the nine months ended September 30, 2003 from $23.06 per barrel and $2.58
per Mcf, respectively, for the nine months ended September 30, 2002.

The II-G Partnership sold certain oil and gas properties during the nine
months ended September 30, 2002 and recognized a $105,409 gain on such
sales. No such sales occurred during the nine months ended September 30,
2003.

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $159,690 (22.0%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This increase was primarily due to (i) an increase in production
taxes associated with the increase in oil and gas sales and (ii) workover
expenses incurred on several wells during the nine months ended September
30, 2003. These increases were partially offset by workover expenses
incurred on several other wells during the nine months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
20.2% for the nine months ended September 30, 2003 from 25.0% for the nine
months ended September 30, 2002. This percentage decrease was primarily
due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $65,907 (21.6%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. This decrease was
primarily due to (i) upward revisions in the estimates of remaining oil
and gas reserves for the nine months ended September 30, 2003 and (ii) the
decreases in volumes of oil and gas sold. As a percentage of oil and gas
sales, this expense decreased to 5.4% for the nine months ended September
30, 2003 from 10.5% for the nine months ended September 30, 2002. This
percentage decrease was primarily due to the increases in the average
prices of oil and gas sold.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 7.6% for the nine months ended
September 30, 2003 from 11.5% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $47,734,371 or 128.25% of Limited Partners' capital
contributions.

-73-

II-H PARTNERSHIP

THREE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE THREE MONTHS ENDED
SEPTEMBER 30, 2002.

Three Months Ended September 30,
--------------------------------
2003 2002
-------- --------
Oil and gas sales $299,711 $264,779
Oil and gas production expenses $ 53,320 $ 54,443
Barrels produced 2,973 3,323
Mcf produced 55,110 60,676
Average price/Bbl $ 29.16 $ 27.35
Average price/Mcf $ 3.87 $ 2.87

As shown in the table above, total oil and gas sales increased $34,932
(13.2%) for the three months ended September 30, 2003 as compared to the
three months ended September 30, 2002. Of this increase, approximately
$5,000 and $55,000, respectively, were related to increases in the average
prices of oil and gas sold. These increases were partially offset by
decreases of approximately $10,000 and $15,000, respectively, related to
decreases in volumes of oil and gas sold. Volumes of oil and gas sold
decreased 350 barrels and 5,566 Mcf, respectively, for the three months
ended September 30, 2003 as compared to the three months ended September
30, 2002. The decrease in volumes of oil sold was primarily due to normal
declines in production. The decrease in volumes of gas sold was primarily
due to (i) normal declines in production, (ii) positive prior period
volume adjustments made by the operators on two significant wells during
the three months ended September 30, 2002, and (iii) a negative prior
period adjustment made by the purchaser on one significant well during the
three months ended September 30, 2003. These decreases were partially
offset by (i) positive prior period volume adjustments made by the
purchasers on two significant wells during the three months ended
September 30, 2003 and (ii) a positive prior period volume adjustment made
by the operator on one significant well during the three months ended
September 30, 2003. Average oil and gas prices increased to $29.16 per
barrel and $3.87 per Mcf, respectively, for the three months ended
September 30, 2003 from $27.35 per barrel and $2.87 per Mcf, respectively,
for the three months ended September 30, 2002.

Oil and gas production expenses (including lease operating expenses and
production taxes) decreased $1,123 (2.1%) for the three months ended
September 30, 2003 as compared to the three months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
17.8% for the three months ended September 30, 2003 from 20.6% for the
three months ended September 30, 2002. This percentage decrease was
primarily due to the increases in the average prices of oil and gas sold.

-74-

Depreciation, depletion, and amortization of oil and gas properties
decreased $620 (2.8%) for the three months ended September 30, 2003 as
compared to the three months ended September 30, 2002. As a percentage of
oil and gas sales, this expense decreased to 7.1% for the three months
ended September 30, 2003 from 8.3% for the three months ended September
30, 2002. This percentage decrease was primarily due to the increases in
the average prices of oil and gas sold.

General and administrative expenses decreased $378 (1.3%) for the three
months ended September 30, 2003 as compared to the three months ended
September 30, 2002. As a percentage of oil and gas sales, these expenses
decreased to 9.3% for the three months ended September 30, 2003 from 10.6%
for the three months ended September 30, 2002. This percentage decrease
was primarily due to the increase in oil and gas sales.

NINE MONTHS ENDED SEPTEMBER 30, 2003 COMPARED TO THE NINE MONTHS ENDED
SEPTEMBER 30, 2002.

Nine Months Ended September 30,
-------------------------------
2003 2002
---------- --------
Oil and gas sales $1,044,495 $687,798
Oil and gas production expenses $ 212,664 $174,446
Barrels produced 9,557 10,464
Mcf produced 168,910 172,467
Average price/Bbl $ 28.57 $ 23.05
Average price/Mcf $ 4.57 $ 2.59

As shown in the table above, total oil and gas sales increased $356,697
(51.9%) for the nine months ended September 30, 2003 as compared to the
nine months ended September 30, 2002. Of this increase, approximately
$53,000 and $334,000, respectively, were related to increases in the
average prices of oil and gas sold. Volumes of oil and gas sold decreased
907 barrels and 3,557 Mcf, respectively, for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. Average oil and gas prices increased to $28.57 per barrel and $4.57
per Mcf, respectively, for the nine months ended September 30, 2003 from
$23.05 per barrel and $2.59 per Mcf, respectively, for the nine months
ended September 30, 2002.

The II-H Partnership sold certain oil and gas properties during the nine
months ended September 30, 2002 and recognized a $24,403 gain on such
sales. No such sales occurred during the nine months ended September 30,
2003.

-75-

Oil and gas production expenses (including lease operating expenses and
production taxes) increased $38,218 (21.9%) for the nine months ended
September 30, 2003 as compared to the nine months ended September 30,
2002. This increase was primarily due to (i) an increase in production
taxes associated with the increase in oil and gas sales and (ii) workover
expenses incurred on several wells during the nine months ended September
30, 2003. These increases were partially offset by workover expenses
incurred on several other wells during the nine months ended September 30,
2002. As a percentage of oil and gas sales, these expenses decreased to
20.4% for the nine months ended September 30, 2003 from 25.4% for the nine
months ended September 30, 2002. This percentage decrease was primarily
due to the increases in the average prices of oil and gas sold.

Depreciation, depletion, and amortization of oil and gas properties
decreased $14,860 (20.8%) for the nine months ended September 30, 2003 as
compared to the nine months ended September 30, 2002. This decrease was
primarily due to (i) upward revisions in the estimates of remaining oil
and gas reserves for the nine months ended September 30, 2003 and (ii) the
decreases in volumes of oil and gas sold. As a percentage of oil and gas
sales, this expense decreased to 5.4% for the nine months ended September
30, 2003 from 10.4% for the nine months ended September 30, 2002. This
percentage decrease was primarily due to the increases in the average
prices of oil and gas sold.

General and administrative expenses remained relatively constant for the
nine months ended September 30, 2003 and 2002. As a percentage of oil and
gas sales, these expenses decreased to 9.4% for the nine months ended
September 30, 2003 from 14.3% for the nine months ended September 30,
2002. This percentage decrease was primarily due to the increase in oil
and gas sales.

The Limited Partners have received cash distributions through September
30, 2003 totaling $11,092,364 or 120.95% of Limited Partners' capital
contributions.

-76-

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK.

The Partnerships do not hold any market risk sensitive instruments.

ITEM 4. EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

As of the end of this period covered by this report, the principal
executive officer and principal financial officer conducted an
evaluation of the Partnerships' disclosure controls and procedures
(as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
and Exchange Act of 1934). Based on this evaluation, such officers
concluded that the Partnerships' disclosure controls and procedures
are effective to ensure that information required to be disclosed by
the Partnerships in reports filed under the Exchange Act is
recorded, processed, summarized, and reported accurately and within
the time periods specified in the Securities and Exchange Commission
rules and forms.

-77-

PART II. OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

31.1 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-A.

31.2 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-A.

31.3 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-B.

31.4 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-B.

31.5 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-C.

31.6 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-C.

31.7 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-D.

31.8 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-D.

31.9 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-E.

31.10 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-E.

31.11 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-F.

31.12 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-F.

-78-

31.13 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-G.

31.14 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-G.

31.15 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-H.

31.16 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a)
for the Geodyne Energy Income Limited Partnership II-H.

32.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-A.

32.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-B.

32.3 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-C.

32.4 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-D.

32.5 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-E.

32.6 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-F.

32.7 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-G.

32.8 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne
Energy Income Limited Partnership II-H.

-79-

(b) Reports on Form 8-K.

None.

-80-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-A
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-B
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-C
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-D
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-E
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-F
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-G
GEODYNE ENERGY INCOME LIMITED PARTNERSHIP II-H

(Registrant)

BY: GEODYNE RESOURCES, INC.

General Partner

Date: November 14, 2003 By: /s/Dennis R. Neill
--------------------------------
(Signature)
Dennis R. Neill
President

Date: November 14, 2003 By: /s/Craig D. Loseke
--------------------------------
(Signature)
Craig D. Loseke
Chief Accounting Officer

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INDEX TO EXHIBITS
-----------------

Exh.
No. Exhibit
- ---- -------

31.1 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-A.

31.2 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-A.

31.3 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-B.

31.4 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-B.

31.5 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-C.

31.6 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-C.

31.7 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-D.

31.8 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-D.

31.9 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-E.

31.10 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-E.

31.11 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-F.

31.12 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-F.

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31.13 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-G.

31.14 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-G.

31.15 Certification by Dennis R. Neill required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-H.

31.16 Certification by Craig D. Loseke required by Rule 13a-14(a)/15d-14(a) for
the Geodyne Energy Income Limited Partnership II-H.

32.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-A.

32.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-B.

32.3 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-C.

32.4 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-D.

32.5 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-E.

32.6 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-F.

32.7 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-G.

32.8 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 for the Geodyne Energy
Income Limited Partnership II-H.

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