XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 8,251 $ 6,315
Accounts receivable, net 21,868 14,961
Prepaid obligations 585 640
Derivative asset short-term 71 1,674
Other current assets 677 144
Total Current Assets 31,452 23,734
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 220,263 223,669
Field and office equipment, net 6,534 6,756
Total Property and Equipment, Net 226,797 230,425
Derivative asset long-term and other assets 281 893
Total Assets 258,530 255,052
Current Liabilities    
Accounts payable 15,963 9,553
Accrued liabilities 8,579 18,431
Current portion of long-term debt 440 698
Current portion of asset retirement and other obligations 2,220 1,687
Derivative liability short-term 3,574 88
Due to Related Parties   5
Total Current Liabilities 30,776 30,462
Long-Term Bank Debt 73,524 65,547
Asset Retirement Obligations 19,593 19,647
Derivative Liability Long-Term   10
Deferred Income Taxes 32,037 32,828
Other Long-Term Obligations 619 555
Total Liabilities 156,549 149,049
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2019 and 2018: Authorized and Issued: 2,810,000 shares; outstanding 2019: 2,033,956 shares; 2018: 2,039,919 shares 281 281
Paid-in capital 7,612 7,388
Retained earnings 122,606 125,644
Treasury stock, at cost; 2019: 776,044 shares; 2018: 770,081 shares (32,039) (31,304)
Total Stockholders' Equity – PrimeEnergy 98,460 102,009
Non-controlling interest 3,521 3,994
Total Equity 101,981 106,003
Total Liabilities and Equity $ 258,530 $ 255,052