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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Oil and gas sales $ 10,607 $ 23,372 $ 37,160 $ 73,636
Realized gain (loss) on derivative instruments, net 5,494 151 14,939 (2,572)
Field service income 5,507 6,472 16,497 19,830
Administrative overhead fees 2,036 2,383 6,399 7,057
Unrealized gain (loss) on derivative instruments, net (2,147) 8,360 (11,252) 2,361
Other income 1 6 52 146
Total Revenues 21,498 40,744 63,795 100,458
Costs and Expenses        
Lease operating expense 8,827 10,979 27,040 33,115
Field service expense 4,667 5,149 13,553 15,720
Depreciation, depletion, amortization and accretion on discounted liabilities 5,648 5,789 16,786 16,748
Gain on settlement of asset retirement obligations   (1,787)   (1,787)
General and administrative expense 2,783 4,289 9,271 11,819
Total Costs and Expenses 21,925 24,419 66,650 75,615
Gain on Sale and Exchange of Assets 156 1,608 1,373 5,623
Income (Loss) from Operations (271) 17,933 (1,482) 30,466
Other Income and Expenses        
Less: Interest expense 881 984 2,747 3,103
Add: Interest income 2   2  
Income (Loss) Before Provision for Income Taxes (1,150) 16,949 (4,227) 27,363
Provision (Benefit) for Income Taxes (310) 5,617 (1,331) 8,531
Net Income (Loss) (840) 11,332 (2,896) 18,832
Less: Net Income (Loss) Attributable to Non-Controlling Interests (185) 533 (321) 1,991
Net Income (Loss) Attributable to PrimeEnergy $ (655) $ 10,799 $ (2,575) $ 16,841
Basic Income (Loss) Per Common Share $ (0.28) $ 4.58 $ (1.11) $ 7.11
Diluted Income (Loss) Per Common Share $ (0.28) $ 3.47 $ (1.11) $ 5.40