XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 2,821 $ 6,315
Accounts receivable, net 16,848 14,961
Prepaid obligations 485 640
Derivative asset short-term 1,081 1,674
Other current assets 139 144
Total Current Assets 21,374 23,734
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 216,123 223,669
Field and office equipment, net 6,905 6,756
Total Property and Equipment, Net 223,028 230,425
Derivative asset long-term and other assets 623 893
Total Assets 245,025 255,052
Current Liabilities    
Accounts payable 13,440 9,553
Accrued liabilities 6,767 18,431
Current portion of long-term debt   698
Current portion of asset retirement and other obligations 2,098 1,687
Derivative liability short-term 1,675 88
Due to Related Parties   5
Total Current Liabilities 23,980 30,462
Long-Term Bank Debt 62,000 65,547
Asset Retirement Obligations 19,377 19,647
Derivative Liability Long-Term   10
Deferred Income Taxes 33,534 32,828
Other Long-Term Obligations 608 555
Total Liabilities 139,499 149,049
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2019 and 2018: Authorized and Issued: 2,810,000 shares; outstanding 2019: 2,017,508 shares; 2018: 2,039,919 shares 281 281
Paid-in capital 7,612 7,388
Retained earnings 128,381 125,644
Treasury stock, at cost; 2019: 792,492 shares; 2018: 770,081 shares (34,316) (31,304)
Total Stockholders' Equity – PrimeEnergy 101,958 102,009
Non-controlling interest 3,568 3,994
Total Equity 105,526 106,003
Total Liabilities and Equity $ 245,025 $ 255,052