Primeenergy Corp (PNRG) 10-Q Quarterly Report November 2023

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2023	Nov. 13, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	PrimeEnergy Resources Corporation
Entity Central Index Key	0000056868
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock
Trading Symbol	PNRG
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		1,820,576
Document Transition Report	false
Entity File Number	0-7406
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	9821 Katy Freeway
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77024
City Area Code	713
Local Phone Number	735-0000
Entity Tax Identification Number	84-0637348
Document Quarterly Report	true

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Primeenergy Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

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Inside Primeenergy Corp's 10-Q Quarterly Report:

Other - Other Highlight
Services, including well service support, site preparation, and construction services for drilling and workover operations, are provided to third-party operators as well as utilized in our own operated wells and locations.

Financial - Cash Flow Highlight
This strategy includes targeting reservoirs with high initial production rates and cash flow as well as targeting reservoirs with somewhat lower average initial production rates but steady production and higher expected return on investment.
Other - Other Highlight
We believe our portfolio of oil and gas assets positions us well for both the current commodity price environment and future potential upside as we develop our attractive resource opportunities.
Revenue - Product Highlight
While it may be reasonably anticipated that the prices received for the sale of our production may be higher or lower than the prices used in this evaluation, as described above, and the operating costs relating to such production may also increase or decrease from existing levels, such possible changes in prices and costs were, in accordance with rules adopted by the SEC, omitted from consideration in making this evaluation for the SEC case.
Other - Other Highlight
The Company has no outstanding borrowings and all hedge agreements were settled or terminated prior to March 31, 2023.
Financial - Expense
Depreciation, depletion and amortization expense...Read more
Other - Other
The Company expects continued spending...Read more
Financial - Debt
In the event of a...Read more
Other - Other
If the borrowing base utilization...Read more
Other - Other
As of November 15, 2023,...Read more
Other - Other
The bank reviews the borrowing...Read more
Financial - Expense
Interest expense decreased $0.4 million,...Read more
Other - Other
In addition to the recent...Read more
Other - Other
In Oklahoma, our horizontal development...Read more
Other - Other
In our West Texas and...Read more
Other - Other
The Company has a stock...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Primeenergy Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: PNRG
CIK: 56868
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-23-279768
Submitted to the SEC: Fri Nov 17 2023 4:02:10 PM EST
Accepted by the SEC: Fri Nov 17 2023
Period: Saturday, September 30, 2023
Industry: Crude Petroleum And Natural Gas