MEWBOURNE ENERGY PARTNERS 03-A LP - 10-Q Quarterly Report

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2003

or

[ ] TRANSITION REPORT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

For the transition period from ______ to________

Commission File No. 333-85994-01

MEWBOURNE ENERGY PARTNERS 03-A, L.P.

Delaware 27-0055431
- ------------------------------ ----------------------
(State or jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)

3901 South Broadway, Tyler, Texas 75701
- -------------------------------------------------------------
(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, including area code:(903) 561-2900

Not Applicable
--------------
(Former name, former address and former fiscal year, if
changed since last report)

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

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MEWBOURNE ENERGY PARTNERS 03-A, L. P.

INDEX

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MEWBOURNE ENERGY PARTNERS 03-A, L. P.

Part I - Financial Information

Item 1. Financial Statements

BALANCE SHEET
June 30, 2003
(Unaudited)

ASSETS

Cash $ 100
------------

Total assets $ 100
============

PARTNERS' CAPITAL
General partners $ 100
Limited partners 0
------------
Partners' capital $ 100
============

The accompanying notes are an integral
part of the financial statements.

3

MEWBOURNE ENERGY PARTNERS 03-A, L. P.

STATEMENT OF CASH FLOWS
For the period February 19,2003 (date of inception)
through June 30, 2003
(Unaudited)

Cash flows from financing activities:

Capital contributions from partners $ 100
-------

Cash, end of period $ 100
-------

The accompanying notes are an integral part
of the financial statements.

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MEWBOURNE ENERGY PARTNERS 03-A, L. P.

STATEMENT OF CHANGES IN PARTNERS' CAPITAL
For the period February 19, 2003 (date of inception)
through June 30, 2003
(Unaudited)

The accompanying notes are an integral part
of the financial statements.

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MEWBOURNE ENERGY PARTNERS 03-A, L.P.

NOTES TO FINANCIAL STATEMENTS
(Unaudited)

1. Accounting Policies

In the opinion of management, the accompanying unaudited financial statements
contain all adjustments of a normal recurring nature necessary to present fairly
our financial position, cash flows and partners' capital for the periods
presented.

2. Accounting for Oil and Gas Producing Activities

Mewbourne Energy Partners 03-A, L.P., (the "Partnership"), a Delaware limited
partnership formed on February 19, 2003, is engaged primarily in oil and gas
development and production in Texas, Oklahoma, and New Mexico. As of June 30,
2003, the only financial activity which had occurred was the receipt of the
organizational contribution of $100. The offering of limited and general
partnership interests began on May 16, 2003. As of July 9, 2003, interests
aggregating $18,000,000 had been sold to 710 subscribers of which $16,107,000
were sold to 644 subscribers as general partner interests and $1,893,000 were
sold to 66 subscribers as limited partner interests.

3. Financial Statement Presentation

From the period February 19, 2003 to June 30, 2003, the Registrant conducted no
business activity. Therefore, there are no items of income or expense for the
reporting period and, accordingly a statement of income is not provided.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

Mewbourne Energy Partners 03-A, L.P. (the "Partnership") was formed February 19,
2003. Mewbourne Development Corporation ("MD") is the Managing Partner, and has
the power and authority to manage, control and administer all partnership
affairs. As of June 30, 2003, the only financial activity which had occurred was
the receipt of the organizational contribution of $100. The offering of limited
and general partnership interests began on May 16, 2003. As of July 9, 2003,
interests aggregating $18,000,000 had been sold to 710 subscribers of which
$16,107,000 were sold to 644 subscribers as general partner interests and
$1,893,000 were sold to 66 subscribers as limited partner interests.

Liquidity and Capital Resources

Operations will be conducted with available funds and revenues generated from
oil and gas activities. No bank borrowing is anticipated.

Results of Operations

The Registrant had not commenced operations prior to the period ended June 30,
2003, therefore, there are no items of income or expense.

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Item 4. Disclosure Controls and Procedures

Mewbourne Development Corporation ("MDC"), the Managing General Partner of the
Partnership, maintains a system of controls and procedures designed to provide
reasonable assurance as to the reliability of the financial statements and other
disclosures included in this report, as well as to safeguard assets from
unauthorized use or disposition. Within 90 days prior to the filing of this
report, MDC's Chief Executive Officer and Chief Financial Officer have evaluated
the effectiveness of the design and operation of our disclosure controls and
procedures with the assistance and participation of other members of management.
Based upon that evaluation, MDC's Chief Executive Officer and Chief Financial
Officer concluded that our disclosure controls and procedures are effective for
gathering, analyzing and disclosing the information the Partnership is required
to disclose in the reports it files under the Securities Exchange Act of 1934
within the time periods specified in the SEC's rules and forms. There have been
no significant changes in MDC's internal controls or in other factors which
could significantly affect internal controls subsequent to the date MDC carried
out its evaluation.

Part II - Other Information

Item 1. Legal Proceedings

None.

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

EXHIBIT
NUMBER DESCRIPTION

31.1 Certification of Principal Executive Officer Required by
Rule 13a-14(a) of the Securities Exchange Act of 1934, as
amended.

31.2 Certification of Principal Financial Officer Required by
Rule 13a-14(a) of the Securities Exchange Act of 1934, as
amended.

32.1 Certification of Principal Executive Officer Required by
Rule 13a-14(b) of the Securities Exchange Act of 1934, as
amended, and 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2 Certification of Principal Financial Officer Required by
Rule 13a-14(b) of the Securities Exchange Act of 1934, as
amended, and 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.

(b) Reports on Form 8-K - none

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SIGNATURES

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

MEWBOURNE ENERGY PARTNERS 03-A, L.P.

By: Mewbourne Development Corporation
Managing General Partner

Date: August 13, 2003 By: /s/ Alan Clark
---------------------------------
Alan Clark, Treasurer