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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 6,315 $ 8,438
Accounts receivable, net 14,961 16,961
Prepaid obligations 640 756
Derivative asset short-term 1,674 344
Other current assets 144 132
Total Current Assets 23,734 26,631
Property and Equipment    
Oil and gas properties at cost 514,821 476,570
Less: Accumulated depletion and depreciation (291,152) (263,569)
Oil and gas properties, Net 223,669 213,001
Field and office equipment at cost 27,252 26,241
Less: Accumulated depreciation (20,496) (19,267)
Field and office equipment, net 6,756 6,974
Total Property and Equipment, Net 230,425 219,975
Derivative asset long-term and other assets 893 159
Total Assets 255,052 246,765
Current Liabilities    
Accounts payable 9,553 24,615
Accrued liabilities 18,431 16,294
Current portion of long-term debt 698 2,378
Current portion of asset retirement and other long-term obligations 1,687 2,309
Derivative liability short-term 88 1,509
Due to Related Parties 5 65
Total Current Liabilities 30,462 47,170
Long-Term Bank Debt 65,547 48,459
Asset Retirement Obligations 19,647 21,269
Derivative Liability Long-Term 10 1,913
Deferred Income Taxes 32,828 24,962
Other Long-Term Obligations 555 553
Total Liabilities 149,049 144,326
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2018: Authorized: 2,810,000 shares, outstanding: 2,039,919 shares; 2017: Authorized: 4,000,000 shares, outstanding: 2,169,370 shares 281 383
Paid-in capital 7,388 8,729
Retained earnings 125,644 138,320
Treasury stock, at cost; 2018: 770,081 shares; 2017: 1,667,027 shares (31,304) (52,123)
Total Stockholders' Equity – PrimeEnergy 102,009 95,309
Non-controlling interest 3,994 7,130
Total Equity 106,003 102,439
Total Liabilities and Equity $ 255,052 $ 246,765