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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Oil and gas sales$ 21,757$ 18,745$ 65,236$ 61,028
Realized gain on derivative instruments, net4,2951,0124,4312,563
Field service income5,4074,34915,18112,192
Administrative overhead fees2,1502,1886,4886,336
Unrealized gain (loss) on derivative instruments, net12,511(2,181)9,0157,062
Other income20669199
Total revenue46,14024,119100,42089,380
Costs and expenses    
Lease operating expense9,7117,72426,52025,261
Field service expense4,3933,60512,53710,138
Depreciation, depletion and amortization and accretion on discounted liabilities22,8997,30940,93024,238
General and administrative expense3,1793,84010,2169,817
Exploration costs7871592
Total costs and expenses40,18922,56590,21869,546
Gain on sale and exchange of assets1,3751,3361,6081,686
Income from operations7,3262,89011,81021,520
Other income and expenses    
Less: Interest expense6851,6333,0355,266
Add: Interest income2108732
Income before provision for income taxes6,6431,2678,86216,286
Provision for income taxes1,8991422,3574,776
Net income4,7441,1256,50511,510
Less: Net income attributable to non-controlling interest4713271,4121,037
Net income attributable to PrimeEnergy$ 4,273$ 798$ 5,093$ 10,473
Basic income per common share$ 1.56$ 0.28$ 1.85$ 3.54
Diluted income per common share$ 1.23$ 0.22$ 1.46$ 2.84