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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 13,048$ 32,792
Restricted cash and cash equivalents7,2676,131
Accounts receivable, net12,70612,748
Other current assets6,0656,082
Total current assets39,08657,753
Property and equipment, at cost:  
Oil and gas properties (successful efforts method), net128,715143,034
Field service equipment and other, net7,9906,794
Net property and equipment136,705149,828
Other assets3,864579
Total assets179,655208,160
LIABILITIES and STOCKHOLDERS' EQUITY  
Accounts payable27,43434,376
Accrued liabilities7,3267,676
Current portion of asset retirement and other long-term obligations12,4392,206
Derivative liability short term 3,048
Due to related parties255350
Total current liabilities47,45447,656
Long-term bank debt69,50073,100
Indebtedness to related parties 20,000
Asset retirement obligations7,06915,285
Derivative liability long term 2,587
Deferred income taxes18,55916,445
Stockholders' equity  
Common stock, $.10 par value; 2011 and 2010: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2011: 2,731,329 shares; outstanding 2010: 2,802,053 shares383383
Paid in capital6,3705,955
Retained earnings51,57146,478
Treasury stock, at cost; 2011: 1,105,068 shares; 2010 1,034,344 shares(30,529)(28,896)
Total stockholders' equity-PrimeEnergy27,79523,920
Non-controlling interest9,2789,167
Total stockholders' equity37,07333,087
Total liabilities and stockholders' equity$ 179,655$ 208,160