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v3.3.1.900

Consolidated Statement of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014
Revenues |  |
Oil and gas sales | $ 45,632 | $ 91,045
Realized gain on derivative instruments, net | 21,151 | 135
Field service income | 20,879 | 26,270
Administrative overhead fees | 8,287 | 9,373
Unrealized (loss) gain on derivative instruments | (16,901) | 17,574
Other income | 58 | 183
Total Revenues | 79,106 | 144,580
Costs and Expenses |  |
Lease operating expense | 35,206 | 43,972
Field service expense | 17,641 | 21,185
Depreciation, depletion, amortization and accretion on discounted liabilities | 31,551 | 25,864
Gain on settlement of asset retirement obligations |  | (1,797)
General and administrative expense | 12,267 | 14,460
Total Costs and Expenses | 96,665 | 103,684
Gain on Sale and Exchange of Assets | 1,386 | 6,115
(Loss) income from Operations | (16,173) | 47,011
Other Income and Expenses |  |
Less: Interest expense | 3,627 | 4,018
Add: Interest income | 2 |
(Loss) income Before (Benefit) Provision for Income Taxes | (19,798) | 42,993
(Benefit) provision for Income Taxes | (6,648) | 13,844
Net (Loss) income | (13,150) | 29,149
Less: Net (Loss) income Attributable to Non-Controlling Interest | (366) | 2,103
Net (Loss) income Attributable to PrimeEnergy | $ (12,784) | $ 27,046
Basic (Loss) income Per Common Share | $ (5.53) | $ 11.45
Diluted (Loss) income Per Common Share | $ (5.53) | $ 8.68

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