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PrimeEnergy Corp. Details Year-end 2013 Financial Results

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March 27, 2014

PrimeEnergy Corp. (NasdaqCM: PNRG) detailed its year-end 2013 financial results March 25.

The year’s total assets surpassed 2012’s, the company said, noting that on Dec. 31, 2013 total assets stood at $242,922,000 compared to $228,086,000 on Dec. 31, 2012.

The increased revenues were a result of higher commodity prices in 2013, as well as costlier field service revenues that were partly offset by derivative gains, the company said.

2013 saw decreased net income for PrimeEnergy, which was due to costlier lease operating and field service expenses that were partly offset ...

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