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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Oil and gas sales $ 26,063 $ 24,135 $ 50,264 $ 45,494
Realized gain (loss) on derivative instruments, net (1,726) (166) (2,723) 74
Field service income 6,586 6,245 13,358 11,576
Administrative overhead fees 2,390 2,540 4,674 4,657
Unrealized gain (loss) on derivative instruments, net (4,017) 4,480 (5,999) 2,397
Other income 33 46 140 52
Total Revenues 29,329 37,280 59,714 64,250
Costs and Expenses        
Lease operating expense 10,230 10,996 22,136 20,979
Field service expense 5,044 5,168 10,571 9,703
Depreciation, depletion, amortization and accretion on discounted liabilities 5,606 6,269 10,959 11,152
General and administrative expense 3,084 4,348 7,530 8,388
Exploration costs       1
Total Costs and Expenses 23,964 26,781 51,196 50,223
Gain on Sale and Exchange of Assets 842 699 4,015 1,759
Income from Operations 6,207 11,198 12,533 15,786
Other Income and Expenses        
Less: Interest expense 1,040 1,085 2,119 2,158
Add: Interest income       2
Income Before Provision for Income Taxes 5,167 10,113 10,414 13,630
Provision for Income Taxes 1,436 3,555 2,914 4,708
Net Income 3,731 6,558 7,500 8,922
Less: Net Income Attributable to Non-Controlling Interests 498 464 1,458 570
Net Income Attributable to PrimeEnergy $ 3,233 $ 6,094 $ 6,042 $ 8,352
Basic Income Per Common Share $ 1.37 $ 2.51 $ 2.55 $ 3.39
Diluted Income Per Common Share $ 1.04 $ 1.92 $ 1.93 $ 2.61