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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Realized loss on derivative instruments, net $ (851) $ (1,081) $ (773) $ (1,576)
Unrealized gain (loss) on derivative instruments, net 2,862 (4,136) (2,890) (5,957)
Other income 4 22 63 22
Total Revenues 31,534 22,387 55,953 50,854
Costs and Expenses        
Lease operating expense 8,149 8,757 16,225 17,336
Field service expense 3,979 3,219 7,644 6,429
Depreciation, depletion, amortization and accretion on discounted liabilities 9,292 7,909 18,550 15,832
General and administrative expense 2,895 2,571 9,771 8,547
Total Costs and Expenses 24,315 22,456 52,190 48,144
Gain on Sale and Exchange of Assets 1,023 185 1,689 2,657
Income from Operations 8,242 116 5,452 5,367
Other Income (Expense)        
Interest Income 3 12 10 23
Interest (Expense) (1,013) (917) (1,988) (1,779)
Income (Loss) Before Income Taxes 7,232 (789) 3,474 3,611
Income Taxes Expense (Benefit) 1,410 (192) 683 907
Net Income (Loss) 5,822 (597) 2,791 2,704
Less: Net Income (Loss) Attributable to Non-Controlling Interests 47 (37) 54 (22)
Net Income (Loss) Attributable to PrimeEnergy $ 5,775 $ (560) $ 2,737 $ 2,726
Basic Income (Loss) Per Common Share $ 2.85 $ (0.27) $ 1.35 $ 1.29
Diluted Income (Loss) Per Common Share $ 2.07 $ (0.27) $ 0.98 $ 0.95
Oil sales [Member]        
Revenues        
Oil, gas and service income $ 19,644 $ 16,622 $ 38,442 $ 36,723
Natural gas sales [Member]        
Revenues        
Oil, gas and service income 1,355 1,989 3,590 4,352
Natural gas liquids sales [Member]        
Revenues        
Oil, gas and service income 2,375 3,098 5,219 5,698
Oil and gas service [Member]        
Revenues        
Oil, gas and service income 4,757 4,447 9,490 8,662
Administrative Service [Member]        
Revenues        
Oil, gas and service income $ 1,388 $ 1,426 $ 2,812 $ 2,930