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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 1,015 $ 6,315
Accounts receivable, net 14,360 14,961
Prepaid obligations 625 640
Derivative asset short-term 272 1,674
Other current assets 127 144
Total Current Assets 16,399 23,734
Property and Equipment    
Oil and gas properties at cost 527,729 514,821
Less: Accumulated depletion and depreciation (322,409) (291,152)
Oil and gas properties (successful efforts method), net 205,320 223,669
Field and office equipment at cost 27,542 27,252
Less: Accumulated depreciation (20,762) (20,496)
Field and office equipment, net 6,780 6,756
Total Property and Equipment, Net 212,100 230,425
Derivative asset long-term and other assets 866 893
Total Assets 229,365 255,052
Current Liabilities    
Accounts payable 6,634 9,553
Accrued liabilities 6,836 18,431
Current portion of long-term debt 0 698
Current portion of asset retirement and other long-term obligations 1,369 1,687
Derivative liability short-term 753 88
Due to Related Parties 0 5
Total Current Liabilities 15,592 30,462
Long-Term Bank Debt 53,500 65,547
Asset Retirement Obligations 20,330 19,647
Derivative Liability Long-Term 0 10
Deferred Income Taxes 35,924 32,828
Other Long-Term Obligations 656 555
Total Liabilities 126,002 149,049
Commitments and Contingencies
Equity    
Common stock, $.10 par value; 2019 and 2018: Authorized: 2,810,000 shares, outstanding 2019: 1,998,978 shares; outstanding 2018: 2,039,919 shares. 281 281
Paid-in capital 7,505 7,388
Retained earnings 129,120 125,644
Treasury stock, at cost; 2019: 809,967 shares; 2018: 770,081 shares (36,792) (31,304)
Total Stockholders' Equity – PrimeEnergy 100,114 102,009
Non-controlling interest 3,249 3,994
Total Equity 103,363 106,003
Total Liabilities and Equity $ 229,365 $ 255,052