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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Oil and gas sales $ 12,438 $ 7,130
Realized (loss) on derivative instruments, net (227)  
Field service income 3,761 4,224
Administrative overhead fees 1,581 1,757
Unrealized gain on derivative instruments, net 2,804  
Other income 118 51
Total Revenues 20,475 13,162
Costs and Expenses    
Lease operating expense 7,140 8,012
Field service expense 2,982 3,560
Depreciation, depletion, amortization and accretion on discounted liabilities 7,938 5,275
General and administrative expense 1,736 2,431
Total Costs and Expenses 19,796 19,278
Gain on Sale and Exchange of Assets 41,602 4,916
Income (Loss) Income from Operations 42,281 (1,200)
Interest Expense 605 868
Income (Loss) Before Provision for Income Taxes 41,676 (2,068)
Provision (Benefit) for Income Taxes 13,667 (890)
Net Income (Loss) 28,009 (1,178)
Less: Net Income Attributable to Non-Controlling Interests 5,712 682
Net Income (Loss) Income Attributable to PrimeEnergy $ 22,297 $ (1,860)
Basic Income (Loss) Income Per Common Share $ 9.77 $ (0.81)
Diluted Income (Loss) Income Per Common Share [1] $ 7.35 $ (0.81)
[1] The effect of the 767,500 outstanding stock options is antidilutive for the three months ended March 31, 2016 due to a net loss reported for the period.