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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Oil and gas sales $ 14,003 $ 8,708 $ 26,441 $ 15,838
Realized gain (loss) on derivative instruments, net 22   (205)  
Field service income 4,306 3,710 8,067 7,934
Administrative overhead fees 1,647 1,633 3,228 3,390
Unrealized gain on derivative instruments, net 1,550   4,354  
Other income 4 6 122 57
Total Revenues 21,532 14,057 42,007 27,219
Costs and Expenses        
Lease operating expense 7,157 7,461 14,296 15,473
Field service expense 3,044 3,360 6,026 6,920
Depreciation, depletion, amortization and accretion on discounted liabilities 8,071 6,306 16,009 11,581
General and administrative expense 2,620 1,849 4,355 4,280
Total Costs and Expenses 20,892 18,976 40,686 38,254
Gain on Sale and Exchange of Assets 117 11,407 41,719 16,323
Income from Operations 757 6,488 43,040 5,288
Less: Interest expense 460 939 1,065 1,807
Income Before Provision for Income Taxes 297 5,549 41,975 3,481
Provision for Income Taxes 124 1,259 13,791 369
Net Income 173 4,290 28,184 3,112
Less: Net (Loss) Income Attributable to Non-Controlling Interests (188) 1,765 5,525 2,447
Net Income Attributable to PrimeEnergy $ 361 $ 2,525 $ 22,659 $ 665
Basic Income Per Common Share $ 0.16 $ 1.10 $ 10.11 $ 0.29
Diluted Income Per Common Share $ 0.12 $ 0.83 $ 7.57 $ 0.22