XML 61 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 9,279 $ 8,602
Restricted cash and cash equivalents 3,542 4,672
Accounts receivable, net 17,919 13,212
Other current assets 3,370 3,966
Total Current Assets 34,110 30,452
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 189,374 187,928
Field and office equipment, net 9,836 8,922
Total Property and Equipment, Net 199,210 196,850
Other Assets 3,428 784
Total Assets 236,748 228,086
Current Liabilities    
Accounts payable 17,347 19,568
Accrued liabilities 7,382 7,618
Current portion of asset retirement and other long-term obligations 2,596 2,148
Derivative liability short-term 880 994
Due to related parties 74 67
Total Current Liabilities 28,279 30,395
Long-Term Bank Debt 121,250 122,000
Asset Retirement Obligations 7,976 6,864
Derivative Liability Long-Term   431
Deferred Income Taxes 28,696 24,194
Total Liabilities 186,201 183,884
Commitments and Contingencies      
Equity    
Common stock, $.10 par value; Authorized: 4,000,000 shares, issued: 3,836,397 shares 383 383
Paid-in capital 6,707 6,690
Retained earnings 74,697 66,345
Accumulated other comprehensive income (loss), net 168 (35)
Treasury stock, at cost; 1,418,140 shares and 1,325,837 shares (38,847) (36,113)
Total Stockholders' Equity - PrimeEnergy 43,108 37,270
Non-controlling interest 7,439 6,932
Total Equity 50,547 44,202
Total Liabilities and Equity $ 236,748 $ 228,086