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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 996 $ 1,015
Accounts receivable, net 7,221 14,360
Prepaid obligations 590 625
Derivative asset short-term   272
Other current assets 104 127
Total Current Assets 8,911 16,399
Property and Equipment    
Oil and gas properties at cost 520,488 527,729
Less: Accumulated depletion and depreciation (335,390) (322,409)
Oil and gas properties, net 185,098 205,320
Field and office equipment at cost 26,797 27,542
Less: Accumulated depreciation (20,842) (20,762)
Field and office equipment, net 5,955 6,780
Total Property and Equipment, Net 191,053 212,100
Derivative asset long-term and other assets 520 866
Total Assets 200,484 229,365
Current Liabilities    
Accounts payable 5,217 6,634
Accrued liabilities 6,787 6,836
Due to Related Parties 38  
Current portion of long-term debt 487  
Current portion of asset retirement and other long-term obligations 868 1,369
Derivative liability short-term 723 753
Total Current Liabilities 14,120 15,592
Long-Term Bank Debt 38,267 53,500
Asset Retirement Obligations 12,891 20,330
Deferred Income Taxes 36,367 35,924
Other Long-Term Obligations 841 656
Total Liabilities 102,486 126,002
Equity    
Common stock, $.10 par value; 2020 and 2019: Authorized: 2,810,000 shares, outstanding 2020: 1,994,177 shares; outstanding 2019: 1,998,978 shares. 281 281
Paid-in capital 7,541 7,505
Retained earnings 126,804 129,120
Treasury stock, at cost; 2020: 815,823 shares; 2019: 811,022 shares (37,502) (36,792)
Total Stockholders' Equity – PrimeEnergy 97,124 100,114
Non-controlling interest 874 3,249
Total Equity 97,998 103,363
Total Liabilities and Equity $ 200,484 $ 229,365