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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Oil and gas sales $ 11,557 $ 10,607 $ 27,395 $ 37,160
Realized gain on derivative instruments, net   5,494   14,939
Field service income 3,694 5,507 11,628 16,497
Administrative overhead fees 1,600 2,036 4,990 6,399
Unrealized loss on derivative instruments, net (354) (2,147) (354) (11,252)
Other income 2 1 59 52
Total Revenues 16,499 21,498 43,718 63,795
Costs and Expenses        
Lease operating expense 6,285 8,827 21,758 27,040
Field service expense 2,662 4,667 9,582 13,553
Depreciation, depletion, amortization and accretion on discounted liabilities 7,308 5,648 18,889 16,786
General and administrative expense 2,405 2,783 6,685 9,271
Total Costs and Expenses 18,660 21,925 56,914 66,650
Gain on Sale and Exchange of Assets 10,546 156 26,869 1,373
Income (Loss) from Operations 8,385 (271) 13,673 (1,482)
Other Income and Expenses        
Less: Interest expense 1,002 881 2,809 2,747
Add: Interest income   2   2
Income (Loss) Before Provision for Income Taxes 7,383 (1,150) 10,864 (4,227)
Provision (Benefit) for Income Taxes 2,667 (310) 3,036 (1,331)
Net Income (Loss) 4,716 (840) 7,828 (2,896)
Less: Net Income (Loss) Attributable to Non-Controlling Interests (208) (185) 2,239 (321)
Net (Loss) income Attributable to PrimeEnergy $ 4,924 $ (655) $ 5,589 $ (2,575)
Basic Income (Loss) Per Common Share $ 2.15 $ (0.28) $ 2.44 $ (1.11)
Diluted Income (Loss) Per Common Share $ 1.62 $ (0.28) $ 1.83 $ (1.11)