XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Oil and gas sales $ 24,201 $ 21,359
Realized gain (loss) on derivative instruments, net (997) 240
Field service income 6,772 5,331
Administrative overhead fees 2,284 2,117
Unrealized loss on derivative instruments, net (1,982) (2,083)
Other income 107 6
Total Revenues 30,385 26,970
Costs and Expenses    
Lease operating expense 11,906 9,983
Field service expense 5,527 4,535
Depreciation, depletion, amortization and accretion on discounted liabilities 5,353 4,883
General and administrative expense 4,446 4,040
Exploration costs   1
Total Costs and Expenses 27,232 23,442
Gain on Sale and Exchange of Assets 3,173 1,060
Income from Operations 6,326 4,588
Other Income and Expenses    
Less: Interest expense 1,079 1,073
Add: Interest income   2
Income Before Provision for Income Taxes 5,247 3,517
Provision for Income Taxes 1,478 1,153
Net Income 3,769 2,364
Less: Net Income Attributable to Non-Controlling Interests 960 106
Net Income Attributable to PrimeEnergy $ 2,809 $ 2,258
Basic Income Per Common Share $ 1.18 $ 0.90
Diluted Income Per Common Share $ 0.90 $ 0.70