-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Tbx4up5XsTNkLsXQWzGnr8UNOnN0Ml0al88CP0q+jDZg0ZlmAesvzxcGEp2UEYK4
 HoXAZ/87NEsJyBWbKuYgDQ==

<SEC-DOCUMENT>0001468503-09-000001.txt : 20090717
<SEC-HEADER>0001468503-09-000001.hdr.sgml : 20090717
<ACCEPTANCE-DATETIME>20090717111524
ACCESSION NUMBER:		0001468503-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090717
DATE AS OF CHANGE:		20090717
EFFECTIVENESS DATE:		20090717

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			McDonald Canyon Reef Prospect Joint Venture
		CENTRAL INDEX KEY:			0001468503
		IRS NUMBER:				270530358
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1209

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-132866
		FILM NUMBER:		09949782

	BUSINESS ADDRESS:	
		STREET 1:		21022 GATHERING OAK STE. 2101
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78260
		BUSINESS PHONE:		210-490-8200

	MAIL ADDRESS:	
		STREET 1:		21022 GATHERING OAK STE. 2101
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78260
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001468503</cik>
        <entityName>McDonald Canyon Reef Prospect Joint Venture</entityName>
        <issuerAddress>
            <street1>21022 GATHERING OAK STE. 2101</street1>
            <street2></street2>
            <city>SAN ANTONIO</city>
            <stateOrCountry>TX</stateOrCountry>
            <zipCode>78260</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>210-490-8200</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>TEXAS</jurisdictionOfInc>
        <entityType>Other</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brian</firstName>
                <middleName></middleName>
                <lastName>Alfaro</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>21022 Gathering Oak, Suite 2101</street1>
                <street2></street2>
                <city>San Antonio</city>
                <stateOrCountry>TX</stateOrCountry>
                <zipCode>78260</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Alfaro is President of Managing Venture, Alfaro Oil &amp; Gas.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-07-16</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Joint Venture Parntership Interest</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>19720</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Pinnacle Partners Financial Corporation</recipientName>
                <recipientCRDNumber>145523</recipientCRDNumber>
                <associatedBDName>Pinnacle Partners Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>145523</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>21022 Gathering Oak, Suite 2103</street1>
                    <street2></street2>
                    <city>San Antonio</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>78260</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AZ</state>
                    <state>AR</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>ID</state>
                    <state>IL</state>
                    <state>IN</state>
                    <state>IA</state>
                    <state>KS</state>
                    <state>KY</state>
                    <state>LA</state>
                    <state>ME</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>MS</state>
                    <state>MO</state>
                    <state>MT</state>
                    <state>NE</state>
                    <state>NV</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>ND</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>RI</state>
                    <state>SC</state>
                    <state>SD</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>VT</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WV</state>
                    <state>WI</state>
                    <state>WY</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1262080</totalOfferingAmount>
            <totalAmountSold>8422</totalAmountSold>
            <totalRemaining>1253658</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>189312</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>If all the Joint Venture Interest are not sold the amount of commission will be less.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>McDonald Canyon Reef Prospect Joint Venture</issuerName>
                <signatureName>Michelle Hebert</signatureName>
                <nameOfSigner>Michelle Hebert</nameOfSigner>
                <signatureTitle>Attorney-in-fact for Joint Venture</signatureTitle>
                <signatureDate>2009-07-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----