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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 4,086 $ 1,015
Accounts receivable, net 5,287 14,360
Prepaid obligations 687 625
Derivative asset short-term 131 272
Other current assets 110 127
Total Current Assets 10,301 16,399
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 191,492 205,320
Field and office equipment, net 6,427 6,780
Total Property and Equipment, Net 197,919 212,100
Other assets 461 866
Total Assets 208,681 229,365
Current Liabilities    
Accounts payable 6,196 6,634
Accrued liabilities 5,543 6,836
Current portion of long-term debt 40,292  
Current portion of asset retirement and other long-term obligations 1,028 1,369
Derivative liability short-term 648 753
Total Current Liabilities 53,707 15,592
Long-Term Bank Debt 1,463 53,500
Asset Retirement Obligations 14,743 20,330
Derivative Liability Long-Term 118  
Deferred Income Taxes 35,248 35,924
Other Long-Term Obligations 794 656
Total Liabilities 106,073 126,002
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 129,185 129,120
Treasury stock, at cost; 2020: 815,823 shares; 2019: 811,022 shares (37,501) (36,792)
Total Stockholders' Equity – PrimeEnergy Resources 99,470 100,114
Non-controlling interest 3,138 3,249
Total Equity 102,608 103,363
Total Liabilities and Equity $ 208,681 $ 229,365