HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ:PNRG) announced today net income of $19.73 million for the quarter, and $31.05 million for the six months, ended June 30, 2024. This represents $7.77 and $12.16 per share, on a fully diluted basis, for the three and six months ended June 30, 2024. As of August 14, 2024, the total outstanding shares including outstanding options are 2,519,271. "During the second quarter of 2024, the Company added the first production from 21 new wells and currently has 19 additional wells in various stages of drilling and completion activities with DE IV Operating LLC., Apache Corporation and Pioneer Natural Resources. The development plan includes the drilling of additional wells during the second half of 2024 The Company's revolving line of credit was increased from $85 million to $115 million with $105 million of availability as of August 14, 2024," said Beverly Cummings, Vice President and CFO of PrimeEnergy. Oil and gas production volumes for the three months ended June 30, 2024 and 2023:   2024   2023   Increase   Increase   Oil production (barrels) 695,000   297,022   397,978   133.99%   Natural gas production (Mcf) 1,729,000   884,456   844,544   95.49%   Natural gas liquids production (barrels) 274,000   145,659   128,341   88.11%    Oil and gas production volumes for the six months ended June 30, 2024 and 2023:   2024   2023   Increase   Increase   Oil production (barrels) 1,126,000