XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Oil and gas sales $ 23,031 $ 21,123
Realized gain on derivative instruments, net 119 322
Field service income 5,115 4,605
Administrative overhead fees 2,164 2,217
Unrealized loss on derivative instruments, net (3,779) (9,509)
Other income 57 13
Total Revenues 26,707 18,771
Costs and Expenses    
Lease operating expense 9,500 7,906
Field service expense 4,385 3,905
Depreciation, depletion and amortization and accretion on discounted liabilities 6,838 6,036
General and administrative expense 3,889 3,037
Exploration costs 5 1
Total Costs and Expenses 24,617 20,885
Gain on Sale and Exchange of Assets 704 222
Income (Loss) from Operations 2,794 (1,892)
Other Income and Expenses    
Less: Interest expense 756 1,211
Add: Interest income 10 81
Income (Loss) Before Provision (Benefit) for Income Taxes 2,048 (3,022)
Provision (Benefit) for Income Taxes 387 (1,113)
Net Income (Loss) 1,661 (1,909)
Less: Net Income Attributable to Non-Controlling Interests 338 473
Net Income (Loss) Attributable to PrimeEnergy $ 1,323 $ (2,382)
Basic Income (Loss) Per Common Share $ 0.49 $ (0.86)
Diluted Income (Loss) Per Common Share $ 0.39 $ (0.86)