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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Realized loss on derivative instruments, net $ (195) $ (1,349) $ (968) $ (2,925)
Unrealized gain (loss) on derivative instruments, net 2,071 (2,194) (819) (8,151)
Other income 2 37 65 59
Total Revenues 28,182 29,402 84,135 80,256
Costs and Expenses        
Lease operating expense 8,207 9,533 24,432 26,867
Field service expense 3,972 3,728 11,616 10,157
Depreciation, depletion, amortization and accretion on discounted liabilities 9,255 7,883 27,805 23,715
General and administrative expense 2,854 2,250 12,625 10,761
Total Costs and Expenses 24,288 23,394 76,478 71,500
Gain on Sale and Exchange of Assets 114 511 1,803 3,168
Income from Operations 4,008 6,519 9,460 11,924
Other Income (Expense)        
Interest Income 7 12 17 34
Interest (Expense) (919) (834) (2,907) (2,613)
Income Before Income Taxes 3,096 5,697 6,570 9,345
Income Taxes Expense (Benefit) 569 1,424 1,252 2,332
Net Income 2,527 4,273 5,318 7,013
Less: Net Income (Loss) Attributable to Non-Controlling Interests 15 (80) 69 (102)
Net Income Attributable to PrimeEnergy $ 2,512 $ 4,353 $ 5,249 $ 7,115
Basic Income Per Common Share $ 1.25 $ 2.10 $ 2.61 $ 3.38
Diluted Income Per Common Share $ 0.91 $ 1.54 $ 1.90 $ 2.49
Oil sales [Member]        
Revenues        
Oil, gas and service income $ 16,928 $ 20,960 $ 55,370 $ 57,863
Natural gas sales [Member]        
Revenues        
Oil, gas and service income 1,467 2,174 5,057 6,526
Natural gas liquids sales [Member]        
Revenues        
Oil, gas and service income 1,687 3,890 6,906 9,588
Oil and gas service [Member]        
Revenues        
Oil, gas and service income 4,866 4,470 14,356 13,132
Administrative Service [Member]        
Revenues        
Oil, gas and service income $ 1,356 $ 1,414 $ 4,168 $ 4,344