Consolidated Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 8,438	$ 10,111
Accounts receivable, net	16,961	7,400
Prepaid obligations	756	412
Other current assets	476	160
Total Current Assets	26,631	18,083
Property and Equipment
Oil and gas properties at cost	476,570	417,821
Less: Accumulated depletion and depreciation	(263,569)	(230,331)
Oil and gas properties, Net	213,001	187,490
Field and office equipment at cost	26,241	26,902
Less: Accumulated depreciation	(19,267)	(18,024)
Field and office equipment, net	6,974	8,878
Total Property and Equipment, Net	219,975	196,368
Other Assets	159	203
Total Assets	246,765	214,654
Current Liabilities
Accounts payable	24,615	11,965
Accrued liabilities	16,294	8,184
Current portion of long-term debt	2,378	2,949
Current portion of asset retirement and other long-term obligations	2,309	1,563
Derivative liability short-term	1,509	2,547
Due to Related Parties	65
Total Current Liabilities	47,170	27,208
Long-Term Bank Debt	48,459	66,316
Asset Retirement Obligations	21,269	15,943
Derivative Liability Long-Term	1,913	1,092
Deferred Income Taxes	24,962	37,500
Other Long-Term Obligations	553	715
Total Liabilities	144,326	148,774
Commitments and Contingencies
Equity
Common stock, $.10 par value; 2017 and 2016: Authorized: 4,000,000 shares, issued: 3,836,397 shares; outstanding 2017: 2,169,370 shares; 2016: 2,283,503 shares	383	383
Paid-in capital	8,729	8,313
Retained earnings	138,320	96,322
Accumulated other comprehensive loss, net	0	0
Treasury stock, at cost; 2017: 1,667,027 shares; 2016: 1,552,894 shares	(52,123)	(46,473)
Total Stockholders' Equity-PrimeEnergy	95,309	58,545
Non-controlling interest	7,130	7,335
Total Equity	102,439	65,880
Total Liabilities and Equity	$ 246,765	$ 214,654

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.