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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Oil and gas sales $ 23,372 $ 25,948 $ 73,636 $ 71,442
Realized gain (loss) on derivative instruments, net 151 (1,201) (2,572) (1,127)
Field service income 6,472 6,772 19,830 18,348
Administrative overhead fees 2,383 2,319 7,057 6,976
Unrealized gain (loss) on derivative instruments, net 8,360 (3,869) 2,361 (1,472)
Other income 6 11 146 63
Total Revenues 40,744 29,980 100,458 94,230
Costs and Expenses        
Lease operating expense 10,979 11,331 33,115 32,310
Field service expense 5,149 5,521 15,720 15,224
Depreciation, depletion, amortization and accretion on discounted liabilities 5,789 5,177 16,748 16,329
Gain on settlement of asset retirement obligations (1,787)   (1,787)  
General and administrative expense 4,289 3,864 11,819 12,252
Exploration costs   2   3
Total Costs and Expenses 24,419 25,895 75,615 76,118
Gain on Sale and Exchange of Assets 1,608 760 5,623 2,519
Income from Operations 17,933 4,845 30,466 20,631
Other Income and Expenses        
Less: Interest expense 984 1,000 3,103 3,158
Add: Interest income       2
Income Before Provision for Income Taxes 16,949 3,845 27,363 17,475
Provision for Income Taxes 5,617 1,227 8,531 5,935
Net Income 11,332 2,618 18,832 11,540
Less: Net Income Attributable to Non-Controlling Interests 533 386 1,991 956
Net Income Attributable to PrimeEnergy $ 10,799 $ 2,232 $ 16,841 $ 10,584
Basic Income Per Common Share $ 4.58 $ 0.92 $ 7.11 $ 4.32
Diluted Income Per Common Share $ 3.47 $ 0.71 $ 5.40 $ 3.32