Strongheart Energy III LP acquires non-operating wellbore working interests and participates in drilling and completing horizontal oil and gas wells. Four wells are named: one operated by Mewbourne Oil Company in Lipscomb County, Texas and three by Apache Corporation in Andrews County, Texas. Strongheart holds the election rights and conveys them to the Partnership at cost under an Acquisition and Drilling Costs Agreement, under which it also pays drilling, completion and offering costs. Capital beyond the named wells goes into additional wells chosen by the Managing Partner, so the program is partially blind pool. General Partner Units take an intangible drilling cost allocation and carry general partner liability until conversion.