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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Realized (loss) on derivative instruments, net $ (5,888) $ (701) $ (9,707) $ (913)
Unrealized gain (loss) on derivative instruments, net 2,933 (5,057) (4,206) (5,968)
Other income 0 0 29 29
Total Revenues 35,698 11,977 61,911 24,981
Costs and Expenses        
Lease operating expense 9,213 4,434 17,934 8,901
Field service expense 3,540 1,837 6,540 3,255
Depreciation, depletion, amortization and accretion on discounted liabilities 7,021 6,610 14,199 13,107
General and administrative expense 2,418 2,184 9,090 4,200
Total Costs and Expenses 22,192 15,065 47,763 29,463
Gain on Sale and Exchange of Assets 845 106 14,836 106
Income (Loss) from Operations 14,351 (2,982) 28,984 (4,376)
Other Income (Expense)        
Interest Expense (150) (484) (499) (1,007)
Income (Loss) Before Provision for (Benefit from) Income Taxes 14,201 (3,466) 28,485 (5,383)
(Benefit) Provision for Income Taxes 3,218 (1,054) 6,360 (1,514)
Net (Loss) Income 10,983 (2,412) 22,125 (3,869)
Less: Net (Loss) Attributable to Non-Controlling Interests 0 (9) 0 (11)
Net Income (Loss) Attributable to PrimeEnergy $ 10,983 $ (2,403) $ 22,125 $ (3,858)
Basic Income (Loss) Per Common Share $ 5.57 $ (1.2) $ 11.18 $ (1.93)
Diluted Income (Loss) Per Common Share $ 4.02 $ (1.2) $ 8.08 $ (1.93)
Oil sales [Member]        
Revenues        
Oil, gas and service income $ 25,838 $ 10,664 $ 52,143 $ 19,934
Natural gas sales [Member]        
Revenues        
Oil, gas and service income 4,657 2,292 8,403 3,950
Natural gas liquids sales [Member]        
Revenues        
Oil, gas and service income 4,422 2,404 8,273 4,149
Oil and gas service [Member]        
Revenues        
Oil, gas and service income $ 3,736 $ 2,375 $ 6,976 $ 3,800