XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Oil and gas sales $ 21,813 $ 21,757 $ 65,678 $ 65,236
Realized gain (loss) on derivative instruments, net 38 4,295 379 4,431
Field service income 4,892 5,407 15,344 15,181
Administrative overhead fees 2,141 2,150 6,415 6,488
Unrealized gain (loss) on derivative instruments, net (2,649) 12,511 2,449 9,015
Other income 25 20 128 69
Total Revenues 26,260 46,140 90,393 100,420
Costs and Expenses        
Lease operating expense 9,347 9,711 28,820 26,520
Field service expense 4,275 4,393 13,023 12,537
Depreciation, depletion, amortization and accretion on discounted liabilities 5,884 22,899 19,846 40,930
General and administrative expense 3,823 3,179 11,509 10,216
Exploration costs   7 10 15
Total Costs and Expenses 23,329 40,189 73,208 90,218
Gain on Sale and Exchange of Assets 14 1,375 720 1,608
Income from Operations 2,945 7,326 17,905 11,810
Other Income and Expenses        
Less: Interest expense 947 685 2,534 3,035
Add: Interest income 24 2 72 87
Income Before Provision for Income Taxes 2,022 6,643 15,443 8,862
Provision for Income Taxes 464 1,899 4,665 2,357
Net Income 1,558 4,744 10,778 6,505
Less: Net Income Attributable to Non-Controlling Interests 216 471 690 1,412
Net Income Attributable to PrimeEnergy $ 1,342 $ 4,273 $ 10,088 $ 5,093
Basic Income Per Common Share $ 0.51 $ 1.56 $ 3.81 $ 1.85
Diluted Income Per Common Share $ 0.40 $ 1.23 $ 2.98 $ 1.46