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Condensed Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Realized (loss) gain on derivative instruments, net $ (1,349) $ 156 $ (2,925) $ (49)
Unrealized (loss) gain on derivative instruments, net (2,194) (1,262) (8,151) 3,092
Other income 37 47 59 169
Total Revenues 29,402 17,184 80,256 59,191
Costs and Expenses        
Lease operating expense 9,533 6,762 26,867 21,058
Field service expense 3,728 3,126 10,157 9,152
Depreciation, depletion, amortization and accretion on discounted liabilities 7,883 7,812 23,715 23,821
General and administrative expense 2,250 2,523 10,761 6,878
Total Costs and Expenses 23,394 20,223 71,500 60,909
Gain on Sale and Exchange of Assets 511 359 3,168 42,078
Income (Loss) from Operations 6,519 (2,680) 11,924 40,360
Other Income (Expense)        
Interest income 12   34  
Interest expense (834) (594) (2,613) (1,659)
Income (Loss) Before Income Taxes 5,697 (3,274) 9,345 3,870
Income Taxes (Benefit) Expense 1,424 (1,384) 2,332 12,407
Net (Loss) Income 4,273 (1,890) 7,013 26,294
Less: Net Income (Loss) Attributable to Non-Controlling Interests (80) 122 (102) 5,646
Net (Loss) Income Attributable to PrimeEnergy $ 4,353 $ (2,012) $ 7,115 $ 20,648
Basic (Loss) Income Per Common Share $ 2.10 $ (0.92) $ 3.38 $ 9.29
Diluted (Loss) Income Per Common Share $ 1.54 $ (0.92) $ 2.49 $ 6.94
Oil [Member]        
Revenues        
Oil, gas and service income $ 20,960 $ 8,568 $ 57,683 $ 27,479
Natural Gas [Member]        
Revenues        
Oil, gas and service income 2,174 2,502 6,526 7,665
Natural Gas Liquids [Member]        
Revenues        
Oil, gas and service income 3,890 1,534 9,588 3,901
Oil and Gas Service [Member]        
Revenues        
Oil, gas and service income 4,470 4,109 13,132 12,176
Administrative Service [Member]        
Revenues        
Oil, gas and service income $ 1,414 $ 1,530 $ 4,344 $ 4,758