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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 6,215 $ 1,015
Accounts receivable, net 9,726 14,360
Prepaid obligations 625 625
Derivative asset short-term 6,088 272
Other current assets 639 127
Total Current Assets 23,293 16,399
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 199,004 205,320
Field and office equipment, net 6,980 6,780
Total Property and Equipment, Net 205,984 212,100
Other assets. 197 866
Total Assets 229,474 229,365
Current Liabilities    
Accounts payable 9,730 6,634
Accrued liabilities 5,734 6,836
Current portion of long-term debt 53,500  
Current portion of asset retirement and other long-term obligations 944 1,369
Derivative liability short-term 13 753
Total Current Liabilities 69,921 15,592
Long-Term Bank Debt   53,500
Asset Retirement Obligations 20,580 20,330
Deferred Income Taxes 35,867 35,924
Other Long-Term Obligations 656 656
Total Liabilities 127,024 126,002
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2019 and 2018: Authorized and Issued: 2,810,000 shares; outstanding 2020: 1,994,177 shares; 2019: 1,998,978 shares 281 281
Paid-in capital 7,505 7,505
Retained earnings 128,950 129,120
Treasury stock, at cost; 2020: 815,823 shares; 2019: 809,967 shares (37,501) (36,792)
Total Stockholders' Equity – PrimeEnergy Resources 99,235 100,114
Non-controlling interest 3,215 3,249
Total Equity 102,450 103,363
Total Liabilities and Equity $ 229,474 $ 229,365