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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Realized (loss) on derivative instruments, net $ (4,285) $ (1,983) $ (13,992) $ (2,896)
Unrealized gain (loss) on derivative instruments, net 6,124 (1,194) 1,918 (7,162)
Other income 0 1 29 30
Total Revenues 39,651 17,311 101,562 42,292
Costs and Expenses        
Lease operating expense 8,679 6,396 26,613 15,298
Field service expense 3,005 2,925 9,545 6,180
Depreciation, depletion, amortization and accretion on discounted liabilities 7,732 6,883 21,931 19,990
General and administrative expense 2,453 1,984 11,543 6,183
Total Costs and Expenses 21,869 18,188 69,632 47,651
Gain on Sale and Exchange of Assets 494 5 15,330 111
Income (Loss) from Operations 18,276 (872) 47,260 (5,248)
Other Income (Expense)        
Interest Income 8 0 8 0
Interest Expense (253) (462) (752) (1,469)
Income (Loss) Before Income Taxes 18,031 (1,334) 46,516 (6,717)
Income Taxes Expense (Benefit) 4,877 (186) 11,237 (1,700)
Net Income (Loss) 13,154 (1,148) 35,279 (5,017)
Less: Net Income Attributable to Non-Controlling Interests 0 15 0 4
Net Income (Loss) Attributable to PrimeEnergy $ 13,154 $ (1,163) $ 35,279 $ (5,021)
Basic Income (Loss) Per Common Share $ 6.79 $ (0.58) $ 17.95 $ (2.52)
Diluted Income (Loss) Per Common Share $ 4.88 $ (0.58) $ 12.96 $ (2.52)
Oil sales [Member]        
Revenues        
Oil, gas and service income $ 23,403 $ 10,442 $ 75,546 $ 30,376
Natural gas sales [Member]        
Revenues        
Oil, gas and service income 6,359 3,998 14,762 7,948
Natural gas liquids sales [Member]        
Revenues        
Oil, gas and service income 4,204 3,632 12,477 7,781
Oil and gas service [Member]        
Revenues        
Oil, gas and service income $ 3,846 $ 2,415 $ 10,822 $ 6,215