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FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2001NOTES TO CONSOLIDATED FINANCIAL STATEMENTS7. Related-Party Transactions
We are the operator of a number of properties owned by our affiliated limited partnerships and joint ventures and, accordingly, charge these entities and third-party joint interest owners operating fees. The operating fees charged to the partnerships in 2001, 2000, and 1999 totaled approximately $925,000, $1,775,000, and $1,970,000, respectively. We are also reimbursed for direct, administrative, and overhead costs incurred in conducting the business of the limited partnerships, which totaled approximately $3,140,000, $4,465,000, and $4,000,000 in 2001, 2000, and 1999, respectively. In partnerships in which the limited partners have voted to sell their remaining properties and liquidate their limited partnerships, we are also reimbursed for direct, administrative, and overhead costs incurred in the disposition of such properties, which costs totaled approximately $2,360,000, $1,220,000, and $850,000 in 2001, 2000, and 1999, respectively.
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This page was last updated on Saturday, February 08, 2003 , at 07:46:34 PM . Copyright © 1994-2008 by Swift Energy Company. |
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