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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Realized loss on derivative instruments, net $ 4,757 $ (851) $ 5,954 $ (773)
Unrealized gain (loss) on derivative instruments, net (5,615) 2,862 941 (2,890)
Other income 136 4 165 63
Total Revenues 7,278 31,534 33,386 55,953
Costs and Expenses        
Lease operating expense 6,230 8,149 12,574 16,225
Field service expense 1,925 3,979 5,474 7,644
Depreciation, depletion, amortization and accretion on discounted liabilities 6,900 9,292 15,093 18,550
General and administrative expense 2,570 2,895 10,306 9,771
Total Costs and Expenses 17,625 24,315 43,447 52,190
Gain on Sale and Exchange of Assets 82 1,023 194 1,689
Income from Operations (10,265) 8,242 (9,867) 5,452
Other Income (Expense)        
Interest Income 0 3 0 10
Interest (Expense) (500) (1,013) (1,159) (1,988)
Income (Loss) Before Income Taxes (10,765) 7,232 (11,026) 3,474
Income Taxes Expense (Benefit) (3,979) 1,410 (4,036) 683
Net Income (Loss) (6,786) 5,822 (6,990) 2,791
Less: Net Income (Loss) Attributable to Non-Controlling Interests (520) 47 (554) 54
Net Income (Loss) Attributable to PrimeEnergy $ (6,266) $ 5,775 $ (6,436) $ 2,737
Basic Income (Loss) Per Common Share $ (3.14) $ 2.85 $ (3.23) $ 1.35
Diluted Income (Loss) Per Common Share $ (3.14) $ 2.07 $ (3.23) $ 0.98
Oil sales [Member]        
Revenues        
Oil, gas and service income $ 3,613 $ 19,644 $ 14,324 $ 38,442
Natural gas sales [Member]        
Revenues        
Oil, gas and service income 543 1,355 1,389 3,590
Natural gas liquids sales [Member]        
Revenues        
Oil, gas and service income 495 2,375 1,738 5,219
Oil and gas service [Member]        
Costs and Expenses        
Field service expense 2,381 4,757 6,681 9,490
Administrative Service [Member]        
Revenues        
Oil, gas and service income $ 968 $ 1,388 $ 2,194 $ 2,812