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Consolidated Balance Sheet (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS:    
Cash and cash equivalents $ 14,503,000 $ 32,792,000
Restricted cash and cash equivalents 7,267,000 6,131,000
Accounts receivable, net 12,983,000 12,748,000
Due from related parties 21,000 140,000
Prepaid expenses 1,857,000 1,609,000
Derivative contracts 1,832,000 3,038,000
Inventory, at cost 630,000 700,000
Deferred income taxes 595,000 595,000
Total current assets 39,688,000 57,753,000
Property and equipment, at cost:    
Oil and gas properties (successful efforts method), net 139,796,000 143,034,000
Field service equipment and other, net 6,615,000 6,794,000
Net property and equipment 146,411,000 149,828,000
Other assets 781,000 579,000
Total assets 186,880,000 208,160,000
LIABILITIES and STOCKHOLDERS' EQUITY:    
Accounts payable 32,451,000 34,376,000
Current portion of asset retirement and other long-term obligations 2,889,000 2,206,000
Derivative liability short term 2,796,000 3,048,000
Accrued liabilities 5,510,000 7,676,000
Due to related parties 194,000 350,000
Total current liabilities 43,840,000 47,656,000
Long-term bank debt 71,850,000 73,100,000
Indebtedness to related parties 0 20,000,000
Asset retirement obligations 15,893,000 15,285,000
Derivative liability long term 5,332,000 2,587,000
Deferred income taxes 16,534,000 16,445,000
Total liabilities 153,449,000 175,073,000
Stockholders' equity-PrimeEnergy:    
Common stock, $.10 par value; 2011 and 2010: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2011: 2,752,059 shares; outstanding 2010: 2,802,053 shares 383,000 383,000
Paid in capital 6,294,000 5,955,000
Retained earnings 47,299,000 46,478,000
Total stockholders' equity before treasury stock 53,976,000 52,816,000
Treasury stock, at cost; 2011: 1,084,338 shares; 2010 1,034,344 shares (30,075,000) (28,896,000)
Total stockholders' equity-PrimeEnergy 23,901,000 23,920,000
Non-controlling interest 9,530,000 9,167,000
Total stockholders' equity 33,431,000 33,087,000
Total liabilities and stockholders' equity $ 186,880,000 $ 208,160,000