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Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 8,602 $ 8,661
Restricted cash and cash equivalents 4,672 5,142
Accounts receivable, net 13,212 16,506
Prepaid obligations 1,656 7,469
Derivative contracts 1,229 223
Other current assets 1,081 1,725
Total Current Assets 30,452 39,726
Property and Equipment    
Oil and gas properties at cost 338,204 492,393
Less: Accumulated depletion and depreciation (150,276) (355,643)
Oil and Gas Properties, Net 187,928 136,750
Field and office equipment at cost 23,974 21,553
Less: Accumulated depreciation (15,052) (13,608)
Field and office equipment, Net. 8,922 7,945
Total Property and Equipment, Net 196,850 144,695
Other Assets 784 614
Total Assets 228,086 185,035
Current Liabilities    
Accounts payable 19,568 29,538
Accrued liabilities 7,618 8,963
Current portion of asset retirement and other long-term obligations 2,148 12,854
Derivative liability short-term 994 2,269
Due to related parties 67 67
Total Current Liabilities 30,395 53,691
Long-Term Bank Debt 122,000 69,800
Asset Retirement Obligations 6,864 6,416
Derivative Liability Long-Term 431 1,461
Deferred Income Taxes 24,194 17,914
Total Liabilities 183,884 149,282
Commitments and Contingencies     
Equity    
Common stock, $.10 par value; 2012 and 2011: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2012: 2,510,560 shares; 2011: 2,701,869 shares 383 383
Paid-in capital 6,690 6,446
Retained earnings 66,345 51,289
Accumulated other comprehensive loss, net (35)  
Treasury stock, at cost; 2012: 1,325,837 shares; 2011: 1,134,528 shares (36,113) (31,120)
Total Stockholders' Equity-PrimeEnergy 37,270 26,998
Non-controlling interest 6,932 8,755
Total Equity 44,202 35,753
Total Liabilities and Equity $ 228,086 $ 185,035