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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Oil and gas sales $ 14,255 $ 26,063 $ 26,553 $ 50,264
Realized gain (loss) on derivative instruments, net 4,301 (1,726) 9,444 (2,723)
Field service income 5,450 6,586 10,991 13,358
Administrative overhead fees 2,130 2,390 4,363 4,674
Unrealized loss on derivative instruments, net (6,639) (4,017) (9,105) (5,999)
Other income 5 33 51 140
Total Revenues 19,502 29,329 42,297 59,714
Costs and Expenses        
Lease operating expense 8,973 10,230 18,213 22,136
Field service expense 4,397 5,044 8,886 10,571
Depreciation, depletion, amortization and accretion on discounted liabilities 5,686 5,606 11,138 10,959
General and administrative expense 3,121 3,084 6,488 7,530
Total Costs and Expenses 22,177 23,964 44,725 51,196
Gain on Sale and Exchange of Assets 728 842 1,217 4,015
Income (Loss) from Operations (1,947) 6,207 (1,211) 12,533
Other Income and Expenses        
Less: Interest expense 927 1,040 1,866 2,119
Income (Loss) Before Provision (Benefit) for Income Taxes (2,874) 5,167 (3,077) 10,414
Provision (Benefit) for Income Taxes (1,036) 1,436 (1,021) 2,914
Net Income (Loss) (1,838) 3,731 (2,056) 7,500
Less: Net Income (Loss) Attributable to Non-Controlling Interests 95 498 (136) 1,458
Net Income (Loss) Attributable to PrimeEnergy $ (1,933) $ 3,233 $ (1,920) $ 6,042
Basic Income (Loss) Per Common Share $ (0.84) $ 1.37 $ (0.83) $ 2.55
Diluted Income (Loss) Per Common Share $ (0.84) $ 1.04 $ (0.83) $ 1.93