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v3.8.0.1

Consolidated Statement of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016
Revenues |  |
Oil and gas sales | $ 66,883 | $ 38,306
Realized loss on derivative instruments, net | (155) | (16)
Field service income | 15,704 | 15,432
Administrative overhead fees | 6,158 | 6,567
Unrealized gain (loss) on derivative instruments | 547 | (3,582)
Other income | 173 | 59
Total Revenues | 89,310 | 56,766
Costs and Expenses |  |
Lease operating expense | 30,880 | 27,544
Field service expense | 11,990 | 12,549
Depreciation, depletion, amortization and accretion on discounted liabilities | 36,068 | 30,174
General and administrative expense | 9,646 | 7,849
Total Costs and Expenses | 88,584 | 78,116
Gain on Sale and Exchange of Assets | 41,258 | 32,378
Income from Operations | 41,984 | 11,028
Other Income and Expenses |  |
Less: Interest expense | 2,310 | 3,507
Add: Interest income | 7 | 1
Income Before Provision (Benefit) for Income Taxes | 39,681 | 7,522
Provision (Benefit) for Income Taxes | (7,753) | 2,100
Net Income | 47,434 | 5,422
Less: Net Income Attributable to Non-Controlling Interest | 5,436 | 1,978
Net Income Attributable to PrimeEnergy | $ 41,998 | $ 3,444
Basic Income Per Common Share | $ 18.99 | $ 1.50
Diluted Income Per Common Share | $ 14.18 | $ 1.13

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