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Prairie Operating Co. - CRKRD STOCK NEWS

Welcome to our dedicated page for Prairie Operating Co. news (Ticker: crkrd), a resource for investors and traders seeking the latest updates and insights on Prairie Operating Co. stock.

Overview of Prairie Operating Co.

Prairie Operating Co. (CRKRD) is a Houston-based independent oil and gas company specializing in the acquisition and development of crude oil, natural gas, and natural gas liquids. With a deep expertise in the energy sector, the company is recognized for its disciplined approach to capital allocation, asset optimization, and sustainable operational practices. At its core, Prairie Operating Co. leverages strategic investments in mature basins and resource-rich formations to drive value creation through integrated development and drilling programs.

Business Operations and Model

The company’s business model centers on identifying, acquiring, and developing oil and gas assets that offer significant upside potential. By focusing on proven geological basins, particularly in areas known for oil and liquids-rich formations, Prairie Operating Co. develops a portfolio that maximizes returns while managing risks through rigorous operational standards. This model includes:

  • Asset Acquisition: Targeting regions with substantial exploration potential, Prairie leverages industry expertise and strategic partnerships to source quality assets.
  • Development and Drilling: Implementing efficient drilling programs and development plans to optimize production from existing reservoirs.
  • Capital Discipline: Maintaining a balance between growth and risk management through a measured approach to capital expenditure and financial stewardship.
  • Operational Efficiency: Continuously refining processes to improve production performance while adhering to robust safety and environmental standards.

Market Position and Industry Dynamics

Prairie Operating Co. operates in a competitive landscape within the oil and gas industry, where market participants strive to enhance production efficiency and manage volatile commodity prices. The company differentiates itself by emphasizing:

  • Focused Resource Development: Concentrating on proven basins and formations, the company utilizes its deep technical and geological expertise to optimize asset performance.
  • Efficient Capital Utilization: By financing acquisitions and development through a balanced mix of internal resources and strategic financing, Prairie demonstrates a keen sense of financial prudence and operational resilience.
  • Integrated Operational Strategy: The seamless integration of acquisition, development, and production activities contributes to a cohesive business strategy that efficiently manages both opportunities and risks.

Operational Excellence and Risk Management

Ensuring sustainable operations in a volatile market requires a robust risk management framework and continuous process improvement. Prairie Operating Co. implements rigorous operational protocols and maintains a stringent focus on safety, efficiency, and reliability. The company’s emphasis on systematic drilling programs and reserve engineering reflects its commitment to applying technical expertise in practical, results-oriented ways. This approach not only positions the company well within a challenging sector but also enhances its credibility with regulators, stakeholders, and industry peers.

Investor Insights and Competitive Environment

Investors analyzing Prairie Operating Co. can appreciate the company’s depth of operational insight and its commitment to asset quality and capital discipline. The company continuously refines its drilling and development programs to respond to a dynamic market environment, ensuring that production remains both efficient and sustainable. In an industry characterized by fluctuating commodity prices and regulatory complexities, Prairie’s methodical approach to asset management and operational efficiency serves as a cornerstone of its market positioning.

Key Business Features

To summarize, the critical components of Prairie Operating Co.'s business strategy include:

  • Strategic Asset Acquisition: Focusing on high-potential oil and gas reserves to build a diversified and sustainable asset base.
  • Operational Rigor: Maintaining industry-leading standards in drilling, development, and safety protocols.
  • Financial Prudence: Employing a disciplined capital structure that supports both growth initiatives and stability across economic cycles.
  • Industry Expertise: Leveraging decades of experience in the oil and gas sector to navigate operational complexities and market challenges.

Comprehensive Company Insight

Prairie Operating Co. exemplifies a focused approach to resource development within the energy sector. By balancing strategic asset acquisition with methodical development and operational excellence, the company has established itself as a noteworthy independent operator in the oil and gas field. Its integrated strategy, underpinned by thorough technical knowledge and financial discipline, allows it to adapt steadily to the complex dynamics of the energy market. The company remains a subject of interest for those who value expertise, reliability, and a comprehensive understanding of the operational intricacies inherent in the oil and gas industry.

This detailed exploration provides a clear understanding of both the immediate business operations and the longer-standing fundamentals driving Prairie Operating Co. Through a combination of prudent asset management, operational precision, and a deep grasp of market forces, the company maintains a pervasive influence in its industry without speculating on future performance.

Rhea-AI Summary
Prairie Operating Co. (OTCQB: PROP) will host a conference call and simultaneous webcast to discuss the Company's transformative growth and future corporate strategy on December 12, 2023. The webcast will provide an update on key achievements in 2023 and opportunities for investors.
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Prairie Operating Co. (PROP) has submitted its Weld County Oil and Gas Location Assessment for sites within the Genesis Oil and Gas Development Plan and has begun the application process for its second OGDP. The company anticipates WOGLA hearings in Weld County and the OGDP hearing in front of the Colorado ECMC during the first quarter of 2024. Prairie has also commenced work on its second OGDP, targeting a first quarter 2024 submittal for the second OGDP with the Colorado ECMC. The company's current permitting strategy highlights its commitment to maintaining a robust permitted drilling inventory while offering flexibility in scheduling.
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Prairie Operating Co. (OTCQB: PROP) has received $12 million from the exercise of warrants by Watermill Capital Partners, providing additional funds for continued growth and expansion. The exercise of in-the-money warrants at an attractive cost of capital strengthens Prairie's balance sheet and increases financial flexibility. The company intends to use the proceeds for general working capital purposes, including drilling activity and opportunistic acquisitions.
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Prairie Operating Co. (OTCQB: CRKRD) to Commence Trading under New Ticker Symbol 'PROP'
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Prairie Operating Co. announces the addition of Richard N. Frommer, former CEO of Great Western Petroleum, to its Advisory Board. Frommer brings over 40 years of oil and gas industry experience and a successful track record of building billion-dollar companies. He also played a key role in shaping the regulatory framework for oil and gas producers in Colorado. Prairie sees Frommer's addition as a valuable asset and a commitment to excellence.
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Prairie Operating Co. announces reverse stock split and changes to governance
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Prairie Operating Co. announces Dr. Scott Tinker joining Advisory Board
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Prairie Operating Co. submits initial permit application for Genesis Oil & Gas Development Plan in Weld County, Colorado.
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Prairie Operating Co. announces positive results of independent evaluation of non-producing position in Weld County, Colorado
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Prairie Operating Co. acquires remaining Exok assets in Weld County, Colorado and raises $20 million through PIPE offering
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FAQ

What is the market cap of Prairie Operating Co. (crkrd)?

The market cap of Prairie Operating Co. (crkrd) is approximately 110.5M.

What is the core business of Prairie Operating Co.?

Prairie Operating Co. is an independent oil and gas company focused on the acquisition and development of crude oil, natural gas, and natural gas liquids.

Which regions does the company primarily operate in?

The company concentrates its operations in oil and liquids-rich regions, particularly those noted for featuring established geological formations that offer significant development potential.

How does Prairie Operating Co. generate revenue?

Revenue is generated through the strategic acquisition of oil and gas assets and their subsequent development, drilling, and production operations, all while maintaining disciplined capital allocation.

What distinguishes Prairie Operating Co.'s business model?

The company’s model is distinguished by its integrated strategy encompassing asset acquisition, focused resource development, and a commitment to operational excellence and financial prudence.

How does the company manage operational risks?

Operational risks are managed through robust risk management protocols, systematic drilling programs, and reserve engineering practices that ensure a balance between production efficiency and safety standards.

How does Prairie Operating Co. position itself within the competitive oil and gas market?

The company differentiates itself by leveraging industry expertise and a disciplined approach to capital and asset management, setting a methodical standard in operational execution and risk mitigation.

What are the key strategic areas of focus for the company?

Key strategic areas include targeted asset acquisition, efficient development and drilling programs, and maintaining operational efficiency through rigorous safety and financial management practices.
Prairie Operating Co.

OTC:CRKRD

CRKRD Rankings

CRKRD Stock Data

110.52M
902.80k
Capital Markets
Financial Services
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United States
Oklahoma City