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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 12,855 $ 8,661
Restricted cash and cash equivalents 5,432 5,142
Accounts receivable, net 14,295 16,506
Other current assets 8,849 9,194
Total Current Assets 41,431 39,503
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 149,560 136,750
Field and office equipment, net 7,816 7,945
Total Property and Equipment, Net 157,376 144,695
Other Assets 614 614
Total Assets 199,421 184,812
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 24,402 29,538
Accrued liabilities 7,018 8,963
Current portion of asset retirement and other long-term obligations 13,705 12,854
Derivative liability short-term 3,503 2,046
Due to related parties 1,016 67
Total Current Liabilities 49,644 53,468
Long-Term Bank Debt 84,500 69,800
Asset Retirement Obligations 6,260 6,416
Derivative Liability Long-Term 3,783 1,461
Deferred Income Taxes 18,379 17,914
Total Liabilities 162,566 149,059
Stockholders' Equity    
Common stock, $.10 par value; 2012 and 2011: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2012: 2,682,249 shares; 2011: 2,701,869 shares 383 383
Paid-in capital 6,492 6,446
Retained earnings 52,612 51,289
Treasury stock, at cost; 2012: 1,154,148 shares; 2011: 1,134,528 shares (31,576) (31,120)
Total Stockholders' Equity-PrimeEnergy 27,911 26,998
Non-controlling interest 8,944 8,755
Total Stockholders' Equity 36,855 35,753
Total Liabilities and Stockholders' Equity $ 199,421 $ 184,812