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Consolidated Statement of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues    
Oil and gas sales $ 38,306 $ 45,632
Realized (loss) gain on derivative instruments, net (16) 21,151
Field service income 15,432 20,879
Administrative overhead fees 6,567 8,287
Unrealized (loss) gain on derivative instruments (3,582) (16,901)
Other income 59 58
Total Revenues 56,766 79,106
Costs and Expenses    
Lease operating expense 27,544 35,206
Field service expense 12,549 17,641
Depreciation, depletion, amortization and accretion on discounted liabilities 30,174 31,551
General and administrative expense 7,849 12,267
Total Costs and Expenses 78,116 96,665
Gain on Sale and Exchange of Assets 32,378 1,386
Income (Loss) from Operations 11,028 (16,173)
Other Income and Expenses    
Less: Interest expense 3,507 3,627
Add: Interest income 1 2
Income (Loss) Before Provision (Benefit) for Income Taxes 7,522 (19,798)
Provision (Benefit) for Income Taxes 2,100 (6,648)
Net Income (Loss) 5,422 (13,150)
Less: Net Income (Loss) Attributable to Non-Controlling Interest 1,978 (366)
Net Income (Loss) Attributable to PrimeEnergy $ 3,444 $ (12,784)
Basic Income (Loss) Per Common Share $ 1.50 $ (5.53)
Diluted Income (Loss) Per Common Share [1] $ 1.13 $ (5.53)
[1] The effect of the 767,500 outstanding stock options is antidilutive for the twelve months ended December 31, 2015 due to a net loss reported for the period.