Associated tags: Natural gas, Codell, Kansas, Environment, OTCQB
Locations: HENDERSON, NEVADA, OKLAHOMA, CITY, CANADA, BURNETT, CG, BOE, DJ, HOUSTON, TX, US, COLORADO, TEXAS
HOUSTON, 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”).
Key Points:
- HOUSTON, 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”).
- The Genesis I OGDP encompasses 72 wells on two pads, developing 9-square miles of subsurface minerals in rural Weld County, Colorado.
- The two pads, the Burnett and Oasis, will develop up to 18 three-mile lateral wells and up to 54 two-mile lateral wells, respectively.
- The Company is targeting an April 2024 submittal for the Genesis II OGDP with the ECMC.
HOUSTON, 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.
Key Points:
- HOUSTON, 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.
- “We are excited and thankful for the opportunity to celebrate Prairie with the prestigious Closing Bell ceremony at Nasdaq,” stated Edward Kovalik, Chairman and Chief Executive Officer of the Company.
- “This event reflects the hard work and dedication of our employees alongside the support of our investors.”
The live broadcast of the Nasdaq Closing Bell ceremony will begin at 3:45 p.m. Eastern Time on Thursday, March 7, 2024.
- To view the broadcast, visit: https://www.nasdaq.com/marketsite/bell-ringing-ceremony .
HOUSTON, TX, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced that it has acquired a 1,280 acre drillable spacing unit (“DSU”) and eight fully permitted proven undeveloped (“PUD”) drilling locations in the DJ Basin, from a private seller, for $900,000.
Key Points:
- (2) The PUDs are also liquids rich, offset by Niobrara developments yielding 75% oil / 85% liquids, and near existing midstream infrastructure.
- “This acquisition is a prime example of our commitment to disciplined and opportunistic growth.” stated Ed Kovalik, Chairman and CEO.
- “Adding additional drill ready locations expands our total proven reserves and creates immediate value for the Company."
- On a pro forma basis following the closing of the NRO acquisition expected in the first half of this year.
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Tuesday, January 23, 2024
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Film industry HOUSTON, 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.
Key Points:
- HOUSTON, 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.
- Mr. Burnett is arguably one of the most successful and prolific figures in television programming history.
- In addition, Mr. Burnett was named one of the world's most influential people by TIME Magazine.
- “We welcome Mr. Burnett to our Advisory Board,” stated Ed Kovalik, Chairman and CEO.
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Thursday, January 11, 2024
HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for a total consideration of $94.5 million, subject to certain closing price adjustments and other customary closing conditions.
Key Points:
- HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for a total consideration of $94.5 million, subject to certain closing price adjustments and other customary closing conditions.
- The acquisition is expected to be accretive to Prairie’s shareholders across key financial metrics including production, reserves, and free cash flow.
- Furthermore, the addition of NRO’s assets strategically expands Prairie’s core operating area, increases inventory of high rate-of-return drilling locations, and provides additional flexibility to the 2024 drill schedule.
- NRO’s assets and operations are located near Prairie’s existing DJ Basin operations in largely rural Weld County, Colorado.
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Friday, December 22, 2023
HOUSTON, 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").
Key Points:
- HOUSTON, 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.
- "This uplisting is a key step forward for the Company as we continue to execute upon our growth strategy and expand our reach in the capital markets."
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Monday, December 11, 2023
HOUSTON, 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.
Key Points:
- HOUSTON, 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.
- The webcast may be accessed from the "Press & Media" page of Prairie’s website at: https://www.prairieopco.com/media .
- Upon registration, all telephone participants will be joined to the conference call in listen only.
- A replay of the webcast will be archived on the Company's website for two (2) weeks following the call.
Retrieved on:
Monday, November 27, 2023
HOUSTON, 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.
Key Points:
- HOUSTON, 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.
- Following the September 15th submittal of the Genesis OGDP with the Colorado Energy and Carbon Management Commission (ECMC) for the Burnett and Oasis locations, Prairie subsequently submitted its Weld County Oil and Gas Location Assessment (WOGLA) for each of these two (2) locations.
- In addition, Prairie has commenced work on its second OGDP, consisting of up to 6,400 subsurface mineral acres of development, with three-to-four (3-4) locations drilling between seventy-two-to-ninety (72-90) wells.
- The Company is targeting a first quarter 2024 submittal for the second OGDP with the Colorado ECMC.
Retrieved on:
Wednesday, November 15, 2023
HOUSTON, 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”).
Key Points:
- HOUSTON, 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”).
- These in-the-money Warrants were strategically exercised by Watermill Capital Partners and its affiliates, a sophisticated long-term focused capital investor based in Australia.
- Watermill Capital Partners and its affiliates have an extensive and successful track record of investing in growth-oriented businesses.
- The Company intends to use the proceeds from the warrant exercise for general working capital purposes, which may include drilling activity and or opportunistic acquisitions.
Retrieved on:
Friday, November 10, 2023
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”.
Key Points:
- 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”.
- No action is required by the Company’s current shareholders as a result of the change.
