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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 10,347 $ 996
Accounts receivable, net 14,208 7,221
Prepaid obligations 733 590
Other current assets 40 104
Total Current Assets 25,328 8,911
Property and Equipment    
Oil and gas properties at cost 539,484 520,488
Less: Accumulated depletion and depreciation (359,742) (335,390)
Oil and gas properties, net 179,742 185,098
Field and office equipment at cost 27,080 26,797
Less: Accumulated depreciation (22,159) (20,842)
Field and office equipment, net 4,921 5,955
Total Property and Equipment, Net 184,663 191,053
Derivative asset long-term and other assets 923 520
Total Assets 210,914 200,484
Current Liabilities    
Accounts payable 7,282 5,217
Accrued liabilities 7,821 6,787
Due to related Parties 52 38
Current portion of long-term debt   487
Current portion of asset retirement and other long-term obligations 1,630 867
Derivative liability short-term 4,935 724
Total Current Liabilities 21,720 14,120
Long-Term Bank Debt 36,000 38,267
Asset Retirement Obligations 13,222 12,891
Derivative Liability Long-Term 650 44
Deferred Income Taxes 38,743 36,367
Other Long-Term Obligations 1,488 797
Total Liabilities 111,823 102,486
Equity    
Common stock, $.10 par value; 2021 and 2020: Authorized: 2,810,000 shares, outstanding 2021: 1,992,077 shares; outstanding 2020: 1,994,177 shares. 281 281
Paid-in capital 7,555 7,541
Retained earnings 128,902 126,804
Treasury stock, at cost; 2021: 817,923 shares; 2020: 815,8230 (37,647) (37,502)
Total Stockholders' Equity – PrimeEnergy 99,091 97,124
Non-controlling interest 0 874
Total Equity 99,091 97,998
Total Liabilities and Equity $ 210,914 $ 200,484