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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 4,018 $ 996
Accounts receivable, net 7,377 7,221
Prepaid obligations 1,030 590
Derivative asset short-term 17  
Other current assets 536 104
Total Current Assets 12,978 8,911
Property and Equipment, at cost    
Oil and gas properties (successful efforts method), net 179,441 185,098
Field and office equipment at cost, net 5,915 5,955
Total Property and Equipment, Net 185,356 191,053
Other assets 1,004 520
Total Assets 199,338 200,484
Current Liabilities    
Accounts payable 4,986 5,217
Accrued liabilities 7,287 6,787
Due to related parties 38 38
Current portion of long-term debt 780 487
Current portion of asset retirement and other long-term obligations 1,315 868
Derivative liability short-term 1,284 723
Total Current Liabilities 15,690 14,120
Long-Term Bank Debt 36,925 38,267
Asset Retirement Obligations 13,016 12,891
Deferred Income Taxes 35,907 36,367
Other Long-Term Obligations 1,259 841
Total Liabilities 102,797 102,486
Equity    
Common stock, $.10 par value; Authorized: 2,810,000 shares, Outstanding: 1,994,177 shares 281 281
Paid-in capital 7,541 7,541
Retained earnings 125,349 126,804
Treasury stock, at cost; 815,823 shares (37,502) (37,502)
Total Stockholders' Equity – PrimeEnergy Resources 95,669 97,124
Non-controlling interest 872 874
Total Equity 96,541 97,998
Total Liabilities and Equity $ 199,338 $ 200,484