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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 9,750 $ 9,209
Restricted cash and cash equivalents 3,513 3,877
Accounts receivable, net 9,543 12,315
Prepaid obligations 619 877
Derivative contracts   16,914
Deferred Income taxes 534  
Other current assets 196 613
Total Current Assets 24,155 43,805
Property and Equipment    
Oil and gas properties at cost 395,129 396,588
Less: Accumulated depletion and depreciation (204,213) (188,988)
Oil and gas properties, Net 190,916 207,600
Field and office equipment at cost 27,919 27,403
Less: Accumulated depreciation (16,824) (14,702)
Field and office equipment, net 11,095 12,701
Total Property and Equipment, Net 202,011 220,301
Derivative Contracts Long-Term   13
Other Assets 629 781
Total Assets 226,795 264,900
Current Liabilities    
Accounts payable 12,355 16,258
Accrued liabilities 6,122 12,401
Current portion of long-term debt 3,059 2,903
Current portion of asset retirement and other long-term obligations 1,435 1,366
Current portion of deferred tax liability   5,547
Derivative liability short-term 7 170
Due to related parties   45
Total Current Liabilities 22,978 38,690
Long-Term Bank Debt 92,581 98,490
Asset Retirement Obligations 10,452 11,269
Deferred Income Taxes 37,883 38,191
Total Liabilities $ 163,894 $ 186,640
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2015 and 2014: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2015: 2,304,684 shares; 2014: 2,333,404 shares $ 383 $ 383
Paid-in capital 7,854 7,186
Retained earnings 92,878 105,662
Accumulated other comprehensive loss, net (5) (92)
Treasury stock, at cost; 2015: 1,531,713 shares; 2014: 1,502,993 shares (45,380) (43,527)
Total Stockholders' Equity-PrimeEnergy 55,730 69,612
Non-controlling interest 7,171 8,648
Total Equity 62,901 78,260
Total Liabilities and Equity $ 226,795 $ 264,900