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Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 8,661 $ 32,792
Restricted cash and cash equivalents 5,142 6,131
Accounts receivable, net 16,506 12,748
Prepaid obligations 7,469 1,609
Derivative contracts   3,038
Other current assets 1,725 1,435
Total Current Assets 39,503 57,753
Property and Equipment    
Oil and gas properties at cost 492,393 453,843
Less: Accumulated depletion and depreciation (355,643) (310,809)
Oil and gas properties, Net 136,750 143,034
Field and office equipment at cost 21,553 19,499
Less: Accumulated depreciation (13,608) (12,705)
Field and office equipment, Net 7,945 6,794
Total Property and Equipment, Net 144,695 149,828
Other Assets 614 579
Total Assets 184,812 208,160
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 29,538 34,376
Accrued liabilities 8,963 7,676
Current portion of asset retirement and other long-term obligations 12,854 2,206
Derivative liability short-term 2,046 3,048
Due to related parties 67 350
Total Current Liabilities 53,468 47,656
Long-Term Bank Debt 69,800 73,100
Indebtedness to Related Parties   20,000
Asset Retirement Obligations 6,416 15,285
Derivative Liability Long-Term 1,461 2,587
Deferred Income Taxes 17,914 16,445
Total Liabilities 149,059 175,073
Stockholders' equity    
Common stock, $.10 par value; 2011 and 2010: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2011: 2,701,869 shares; 2010: 2,802,053 shares 383 383
Paid-in capital 6,446 5,955
Retained earnings 51,289 46,478
Treasury stock, at cost; 2011: 1,134,528 shares; 2010: 1,034,344 shares (31,120) (28,896)
Total Stockholders' Equity-PrimeEnergy 26,998 23,920
Non-controlling interest 8,755 9,167
Total Stockholders' Equity 35,753 33,087
Total Liabilities and Stockholders' Equity $ 184,812 $ 208,160