XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Realized (loss) gain on derivative instruments, net $ (1,081) $ 22 $ (1,576) $ (205)
Unrealized (loss) gain on derivative instruments, net (4,136) 1,550 (5,957) 4,354
Other income 22 4 22 122
Total Revenues 22,387 21,532 50,854 42,007
Costs and Expenses        
Lease operating expense 8,757 7,157 17,336 14,296
Field service expense 3,219 3,044 6,429 6,026
Depreciation, depletion, amortization and accretion on discounted liabilities 7,909 8,071 15,832 16,009
General and administrative expense 2,571 2,620 8,547 4,355
Total Costs and Expenses 22,456 20,892 48,144 40,686
Gain on Sale and Exchange of Assets 185 117 2,657 41,719
Income from Operations 116 757 5,369 43,040
Other Income (Expense)        
Interest income 12   23  
Interest expense (917) (460) (1,779) (1,065)
Income (Loss) Before Income Taxes (789) 297 3,611 41,975
Income Taxes (Benefit) Expense (192) 124 907 13,791
Net (Loss) Income (597) 173 2,704 28,184
Less: Net (Loss) Income Attributable to Non-Controlling Interests (37) (188) (22) 5,525
Net (Loss) Income Attributable to PrimeEnergy $ (560) $ 361 $ 2,726 $ 22,659
Basic (Loss) Income Per Common Share $ (0.27) $ 0.16 $ 1.29 $ 10.11
Diluted (Loss) Income Per Common Share $ (0.27) $ 0.12 $ 0.95 $ 7.57
Oil and Gas [Member]        
Revenues        
Oil, gas and service income $ 16,622 $ 10,237 $ 36,723 $ 18,911
Natural Gas [Member]        
Revenues        
Oil, gas and service income 1,989 2,505 4,352 5,163
Natural Gas Liquids [Member]        
Revenues        
Oil, gas and service income 3,098 1,261 5,698 2,367
Oil and Gas Service [Member]        
Revenues        
Oil, gas and service income 4,447 4,306 8,662 8,067
Administrative Service [Member]        
Revenues        
Oil, gas and service income $ 1,426 $ 1,647 $ 2,930 $ 3,228