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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 8,717 $ 8,661
Restricted cash and cash equivalents 5,432 5,142
Accounts receivable, net 20,039 16,506
Other current assets 4,270 9,194
Total Current Assets 38,458 39,503
Property and equipment, at cost    
Oil and gas properties (successful efforts method), net 163,494 136,750
Field and Office Equipment, Net 8,268 7,945
Total Property and Equipment, Net 171,762 144,695
Other Assets 2,079 614
Total Assets 212,299 184,812
Current Liabilities    
Accounts payable 31,662 29,538
Accrued liabilities 8,522 8,963
Current portion of asset retirement and other long-term obligations 2,741 12,854
Derivative liability short-term    2,046
Due to related parties 341 67
Total Current Liabilities 43,266 53,468
Long-Term Bank Debt 97,750 69,800
Asset Retirement Obligations 7,030 6,416
Derivative Liability Long-Term    1,461
Deferred Income Taxes 22,129 17,914
Total Liabilities 170,175 149,059
Stockholders' Equity    
Common stock, $.10 par value; 2012 and 2011: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2012: 2,622,837 shares; 2011: 2,701,869 shares 383 383
Paid-in capital 6,556 6,446
Retained earnings 60,035 51,289
Treasury stock, at cost; 2012: 1,213,560 shares; 2011: 1,134,528 shares (33,055) (31,120)
Total Stockholders' Equity - PrimeEnergy 33,919 26,998
Non-controlling interest 8,205 8,755
Total Stockholders' Equity 42,124 35,753
Total Liabilities and Stockholders' Equity $ 212,299 $ 184,812