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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 4,500 $ 1,015
Accounts receivable, net 9,017 14,360
Prepaid obligations 686 625
Derivative asset short-term 649 272
Other current assets 489 127
Total Current Assets 15,341 16,399
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 196,848 205,320
Field and office equipment, net 6,607 6,780
Total Property and Equipment, Net 203,455 212,100
Other assets. 134 866
Total Assets 218,930 229,365
Current Liabilities    
Accounts payable 8,760 6,634
Accrued liabilities 3,940 6,836
Current portion of long-term debt 53,500  
Current portion of asset retirement and other long-term obligations 1,685 1,369
Derivative liability short-term 141 753
Total Current Liabilities 68,026 15,592
Long-Term Bank Debt 1,243 53,500
Asset Retirement Obligations 19,778 20,330
Derivative Liability Long-Term 48  
Deferred Income Taxes 33,609 35,924
Other Long-Term Obligations 562 656
Total Liabilities 123,266 126,002
Commitments and Contingencies  
Equity    
Common stock, $.10 par value; 2020 and 2019: 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 122,684 129,120
Treasury stock, at cost; 2020: 815,823 shares; 2019: 811,022 shares (37,501) (36,792)
Total Stockholders' Equity – PrimeEnergy Resources 92,969 100,114
Non-controlling interest 2,695 3,249
Total Equity 95,664 103,363
Total Liabilities and Equity $ 218,930 $ 229,365