XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Oil and gas sales $ 8,708 $ 14,255 $ 15,838 $ 26,553
Realized gain on derivative instruments, net   4,301   9,444
Field service income 3,710 5,450 7,934 10,991
Administrative overhead fees 1,633 2,130 3,390 4,363
Unrealized (loss) on derivative instruments, net   (6,639)   (9,105)
Other income 6 5 57 51
Total Revenues 14,057 19,502 27,219 42,297
Costs and Expenses        
Lease operating expense 7,461 8,973 15,473 18,213
Field service expense 3,360 4,397 6,920 8,886
Depreciation, depletion, amortization and accretion on discounted liabilities 6,306 5,686 11,581 11,138
General and administrative expense 1,849 3,121 4,280 6,488
Total Costs and Expenses 18,976 22,177 38,254 44,725
Gain on Sale and Exchange of Assets 11,407 728 16,323 1,217
Income (Loss) from Operations 6,488 (1,947) 5,288 (1,211)
Other Income and Expenses        
Less: Interest expense 939 927 1,807 1,866
Income (Loss) Before Provision (Benefit) for Income Taxes 5,549 (2,874) 3,481 (3,077)
Provision (Benefit) for Income Taxes 1,259 (1,036) 369 (1,021)
Net Income (Loss) 4,290 (1,838) 3,112 (2,056)
Less: Net Income (Loss) Attributable to Non-Controlling Interests 1,765 95 2,447 (136)
Net (Loss) income Attributable to PrimeEnergy $ 2,525 $ (1,933) $ 665 $ (1,920)
Basic Income (Loss) Per Common Share $ 1.10 $ (0.84) $ 0.29 $ (0.83)
Diluted Income (Loss) Per Common Share $ 0.83 $ (0.84) $ 0.22 $ (0.83)