Prairie Operating Co. Expands Executive Management Team with Key AppointmentsHOUSTON, TX, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the expansion of its executive management team with the addition of four seasoned industry leaders. These appointments underscore Prairie’s commitment to strengthening its leadership team to drive growth, innovation, and operational excellence.
Prairie Operating Co. Issues 2025 GuidanceIncludes Fiscal Year 2025 Adjusted EBITDA range of $100 - $140 million
Prairie Operating Co. Completes Shelduck South Pad, Prepares for New DevelopmentsHOUSTON, TX, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the on-time completion of its initial eight-well Shelduck South pad in the DJ Basin and is set to have production fully online in the first quarter of 2025. The Shelduck pad, together with recent Nickel Road Operating (NRO) acquisition, represents the first phase in Prairie's 2025 development program.
Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.HOUSTON, TX, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it has entered into a multi-year Reserve-Based Lending (“RBL”) credit facility. The RBL facility, arranged with Citibank, N.A. (“Citi”), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions.
Prairie Operating Co. To Host Year-End Update Call Highlighting Current Operations and Key Achievements in 2024HOUSTON, TX, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it will host a conference call and simultaneous webcast to provide an update on the Company's operations and key achievements in 2024, Thursday, December 19, 2024, at 4:30 PM ET.
Prairie Operating Co. Welcomes Energy Industry Veteran Richard N. Frommer to Its Board of DirectorsHOUSTON, Texas, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced that Richard N. Frommer, former Chief Executive Officer of Great Western Petroleum, esteemed energy industry veteran, and current Prairie Advisory Board member, has joined its Board of Directors as an independent director.
Prairie Operating Co. Secures Takeaway and Water Disposal Solutions for Full-Field Development through Strategic Midstream PartnershipsHOUSTON, TX, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the signing of multiple midstream and gathering agreements with leading industry partners in the Denver-Julesburg (DJ) Basin. These strategic partnerships secure takeaway, processing, sales, and water disposal solutions across our acreage, ensuring escalating marketing and takeaway capacity for the comprehensive development of the Company’s 44,000-acre asset base.
Prairie Operating Co. Announces Board ResignationHOUSTON, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announces that Paul L. Kessler has resigned as a member of Prairie’s Board of Directors, effective October 30, 2024. Mr. Kessler, citing time constraints posed by scheduling and professional commitments, played a key role in structuring the Company and creating value for the resulting entity.
Prairie Operating Co. Completes Acquisition of Oil-Weighted DJ Basin Assets from Nickel Road OperatingHOUSTON, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the closing of its previously announced $84.5 million acquisition of the oil-weighted assets of Nickel Road Operating, LLC ("NRO"), a portfolio company of Vortus Investment Advisors, LLC. The NRO acquisition was funded with the proceeds from a private placement of Common Stock, an Equity Facility, and cash on hand.
Prairie Operating Co. Spuds its First Well at Shelduck South in the DJ BasinHOUSTON, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the spud of Shelduck South 8E5NCM with Precision E-Drilling Rig (“E-rig”) 461 in Weld County, Colorado.
Prairie Operating Co. Announces Warrant Exercise Resulting in $24 Million of ProceedsHOUSTON, Texas, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced that Watermill Capital Partners and its affiliates exercised Series E B Warrants (the “Warrants”) to purchase 4,000,000 shares of common stock of the Company, generating $24 million in proceeds.
Prairie Operating Co. Submits Second Oil and Gas Development Plan and Receives Approval for Initial WellboresHOUSTON, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced that it submitted the application for its second Oil and Gas Development Plan (OGDP), the Genesis II OGDP, with the Colorado Energy and Carbon Management Commission (CECMC), and subsequently received approval from the CECMC for the first twenty wellbores within the Genesis I OGDP.
Prairie Operating Co. Announces the Launch of Its Development ProgramHOUSTON, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced plans to commence its initial drilling program in August 2024, starting with an 8-well pad on the recently acquired bolt-on acquisition, “Shelduck South”.
Prairie Operating Co. Set to Join Russell 3000® IndexHOUSTON, TX, June 03, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to the list of additions posted Friday, May 31st.
Prairie Operating Co. Announces Unanimous Approval of Genesis Oil and Gas Development Plan Adding Multi-Year Inventory of Development Drilling LocationsHOUSTON, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the Colorado Energy and Carbon Management Commission (“ECMC”) approved the Company’s Genesis I Oil & Gas Development Plan (“OGDP”).
Prairie Operating Co. to Ring the Nasdaq Stock Market Closing Bell on Thursday, March 7, 2024HOUSTON, TX, March 05, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced the Company will ring the Nasdaq Stock Market Closing Bell at the Nasdaq MarketSite in Times Square, New York on Thursday, March 7, 2024, in celebration of Prairie’s recent listing on the Nasdaq Stock Exchange.
Prairie Operating Co. Expands Core Asset BaseAdds 1,280 Acre DSU and 2.6 MMBoe to Existing Denver Julesburg (“DJ”) Basin Portfolio
Former Chairman of MGM Worldwide Television Group, Mark Burnett, Joins Prairie Operating Co. Advisory BoardHOUSTON, TX, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced that Mark Burnett, former Chairman of MGM Worldwide Television Group, has joined its Advisory Board.
Prairie Operating Announces Acquisition of Producing E&P AssetsTransaction Expected to be Immediately Accretive to Key Financial Metrics Adds 3,370 Boepd, Proven PV10 of over $250MM, and 62 Permitted PUDs to Existing Denver Julesburg (“DJ”) Basin Portfolio
Prairie Operating Co. Announces Uplisting to The Nasdaq Capital MarketHOUSTON, TX, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: PROP; the “Company” or “Prairie”) announced today that the Company has received approval to list its common stock on the Nasdaq Capital Market stock exchange ("Nasdaq"). Trading on Nasdaq is expected to commence on Thursday, December 28, 2023. The Company's shares will continue to trade on the OTCQB until trading on Nasdaq commences. Shareholders are not required to take any action as a result of the uplisting, and the Company's ticker symbol "PROP" will remain unchanged.
Prairie Operating Co. To Host Year-End Update Call Highlighting Key Achievements and Corporate StrategyHOUSTON, TX, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: PROP; the “Company” or “Prairie”) will host a conference call and simultaneous webcast to provide an update on the Company's transformative growth and key achievements in 2023 and to discuss future corporate strategy, Tuesday, December 12, 2023, at 4:30 PM ET.
Prairie Operating Co. Submits Weld County Oil and Gas Location Assessment and Begins Permit Application Process for Second Oil and Gas Development PlanHOUSTON, TX, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: PROP; the “Company” or “Prairie”) announced today that it has submitted its Weld County Oil and Gas Location Assessment (“WOGLA”) for sites within the Genesis Oil and Gas Development Plan (“OGDP”) and has begun the application process for its second OGDP.
Prairie Operating Co. Announces Proceeds of $12 Million from Warrant ExerciseHOUSTON, TX, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: PROP; the “Company” or “Prairie”) announced today that it has received $12 million in proceeds from the exercise of warrants to purchase 2 million shares of common stock (the “Warrants”).
Prairie Operating Co. Begins Trading Monday, November 13 Under New Ticker Symbol “PROP”HOUSTON, TX, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKRD; the “Company” or “Prairie”) today announced the Company will commence trading of its common stock on Monday, November 13, 2023, under the new ticker symbol “PROP”.
Former Great Western Petroleum CEO and Energy Industry Veteran, Richard N. Frommer, Joins Prairie Operating Co. Advisory BoardHOUSTON, TX, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKRD; the “Company” or “Prairie”) is pleased to announce that Richard N. Frommer, former Great Western Petroleum Chief Executive Officer and energy industry veteran, has joined its Advisory Board.
Repeat: Prairie Operating Co. Announces Effective Date of Reverse Stock Split, Corporate Name Change and Stock Symbol ChangeHOUSTON, TX, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company” or “Prairie”) today announced that on October 12, 2023, the Company filed with the Delaware Secretary of State a Certificate of Amendment to the Certificate of Incorporation of the Company, effective as of earlier today, to effect a reverse stock split of the Company’s shares of common stock, par value $0.01 per share (“Common Stock”), at an exchange ratio of 1:28.5714286 (the “Reverse Stock Split”). Immediately thereafter on October 12, 2023, the Company filed with the Delaware Secretary of State the Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), also effective as of earlier today, to effect several changes to the Company’s governance. The Company additionally announced the change of its name from Creek Road Miners, Inc. to Prairie Operating Co. on the OTC effective as of today and the change of the Company’s stock symbol from “CRKR” to “PROP.” Each of the foregoing actions were previously approved by the shareholders of the Company on October 25, 2022.
Repeat: Renowned Geologist and Energy Expert, Dr. Scott Tinker, Joins Prairie Operating Co. Advisory BoardHOUSTON, TX, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company” or “Prairie”) is pleased to announce that Dr. Scott Tinker, an esteemed geologist and educator in the energy industry, has joined its Advisory Board.
Repeat: Prairie Operating Co. Submits Initial Permit Application with the Colorado Energy & Carbon Management CommissionHOUSTON, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce that it has submitted its initial permit application with the Colorado Energy and Carbon Management Commission (ECMC) for the Genesis Oil & Gas Development Plan (OGDP) in Weld County, Colorado.
Repeat: Prairie Operating Co. and High West Energy Form Strategic PartnershipHOUSTON, TX, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; “the Company”), is pleased to announce the formation of a strategic partnership with High West Energy, aimed at supplying electric power to all field operations. This collaboration marks a significant step forward in the electrification of the majority of Prairie Operating's rural DJ Basin acreage position in northern Weld County, Colorado.
Prairie Operating Co. Announces Effective Date of Reverse Stock Split, Corporate Name Change and Stock Symbol ChangeHOUSTON, TX, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company” or “Prairie”) today announced that on October 12, 2023, the Company filed with the Delaware Secretary of State a Certificate of Amendment to the Certificate of Incorporation of the Company, effective as of earlier today, to effect a reverse stock split of the Company’s shares of common stock, par value $0.01 per share (“Common Stock”), at an exchange ratio of 1:28.5714286 (the “Reverse Stock Split”). Immediately thereafter on October 12, 2023, the Company filed with the Delaware Secretary of State the Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), also effective as of earlier today, to effect several changes to the Company’s governance. The Company additionally announced the change of its name from Creek Road Miners, Inc. to Prairie Operating Co. on the OTC effective as of today and the change of the Company’s stock symbol from “CRKR” to “PROP.” Each of the foregoing actions were previously approved by the shareholders of the Company on October 25, 2022.
Renowned Geologist and Energy Expert, Dr. Scott Tinker, Joins Prairie Operating Co. Advisory BoardHOUSTON, TX, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company” or “Prairie”) is pleased to announce that Dr. Scott Tinker, an esteemed geologist and educator in the energy industry, has joined its Advisory Board.
Prairie Operating Co. Submits Initial Permit Application with the Colorado Energy & Carbon Management CommissionHOUSTON, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce that it has submitted its initial permit application with the Colorado Energy and Carbon Management Commission (ECMC) for the Genesis Oil & Gas Development Plan (OGDP) in Weld County, Colorado.
Prairie Operating Co. and High West Energy Form Strategic PartnershipHOUSTON, TX, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; “the Company”), is pleased to announce the formation of a strategic partnership with High West Energy, aimed at supplying electric power to all field operations. This collaboration marks a significant step forward in the electrification of the majority of Prairie Operating's rural DJ Basin acreage position in northern Weld County, Colorado.
