Prairie Operating Co. Announces 11-Well Development at Rusch Pad
Prairie Operating Co. (PROP) has launched an 11-well development program at the Rusch Pad in Weld County, Colorado. The first well spud began on April 1, 2025, using Precision E-Drilling Rig 461. The development consists of eleven two-mile lateral wells alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone.
The drilling phase is expected to complete by early June, followed by hydraulic fracturing, with initial production anticipated in early August. The company is utilizing an environmentally conscious approach with Precision's E-rig 461, powered by natural gas generators with battery backup to enhance efficiency and reduce emissions.
This development follows Prairie's recent Bayswater acquisition, which expanded their position in the Denver-Julesburg Basin. The company aims to focus on integrating these assets, capturing operational efficiencies, and executing its development program to drive production growth and cash flow generation.
Prairie Operating Co. (PROP) ha lanciato un programma di sviluppo di 11 pozzi presso il Rusch Pad nella contea di Weld, Colorado. Il primo pozzo è stato perforato il 1 aprile 2025, utilizzando il Rig di Perforazione E-Drilling 461. Lo sviluppo consiste in undici pozzi laterali di due miglia che alternano tra i Chalks Niobrara A, B e C e il Codell Sandstone.
La fase di perforazione è prevista per essere completata entro inizio giugno, seguita dalla fratturazione idraulica, con una produzione iniziale prevista per inizio agosto. L'azienda sta adottando un approccio ecologicamente responsabile con il Rig E-Drilling 461 di Precision, alimentato da generatori a gas naturale con backup a batteria per migliorare l'efficienza e ridurre le emissioni.
Questo sviluppo segue l'
Prairie Operating Co. (PROP) ha lanzado un programa de desarrollo de 11 pozos en el Rusch Pad en el condado de Weld, Colorado. El primer pozo se perforó el 1 de abril de 2025, utilizando el equipo de perforación Precision E-Drilling Rig 461. El desarrollo consiste en once pozos laterales de dos millas que alternan entre los Chalks Niobrara A, B y C y la arenisca Codell.
Se espera que la fase de perforación se complete a principios de junio, seguida de la fracturación hidráulica, con una producción inicial anticipada para principios de agosto. La empresa está utilizando un enfoque ambientalmente consciente con el Rig E-Drilling 461 de Precision, alimentado por generadores de gas natural con respaldo de batería para mejorar la eficiencia y reducir las emisiones.
Este desarrollo sigue a la reciente adquisición de Bayswater por parte de Prairie, que amplió su posición en la cuenca de Denver-Julesburg. La empresa tiene como objetivo centrarse en integrar estos activos, capturando eficiencias operativas y ejecutando su programa de desarrollo para impulsar el crecimiento de la producción y la generación de flujo de caja.
프레리 오퍼레이팅 컴퍼니 (PROP)는 콜로라도 웰드 카운티의 루쉬 패드에서 11개 유정 개발 프로그램을 시작했습니다. 첫 번째 유정은 2025년 4월 1일에 Precision E-Drilling Rig 461을 사용하여 시추되었습니다. 이 개발은 Niobrara A, B, C 층과 Codell 사암 사이를 오가는 2마일 길이의 11개 수평 유정으로 구성됩니다.
시추 단계는 6월 초에 완료될 것으로 예상되며, 그 후 수압 파쇄가 진행되며, 초기 생산은 8월 초로 예상됩니다. 이 회사는 효율성을 높이고 배출량을 줄이기 위해 배터리 백업이 있는 천연 가스 발전기로 구동되는 Precision의 E-Drilling Rig 461을 사용하여 환경을 고려한 접근 방식을 채택하고 있습니다.
이 개발은 프레리가 최근 베이스워터 인수를 통해 덴버-줄스버그 분지에서의 입지를 확장한 이후 이루어졌습니다. 회사는 이러한 자산을 통합하고 운영 효율성을 포착하여 생산 성장과 현금 흐름 생성을 추진하는 데 집중할 계획입니다.
Prairie Operating Co. (PROP) a lancé un programme de développement de 11 puits sur le Rusch Pad dans le comté de Weld, au Colorado. Le premier puits a été foré le 1er avril 2025, en utilisant la foreuse Precision E-Drilling Rig 461. Le développement consiste en onze puits latéraux de deux miles alternant entre les Chalks Niobrara A, B et C et le Codell Sandstone.
La phase de forage devrait être achevée début juin, suivie de la fracturation hydraulique, avec une production initiale prévue pour début août. L'entreprise adopte une approche respectueuse de l'environnement avec le Rig E-Drilling 461 de Precision, alimenté par des générateurs à gaz naturel avec une batterie de secours pour améliorer l'efficacité et réduire les émissions.
Ce développement fait suite à la récente acquisition de Bayswater par Prairie, qui a élargi sa position dans le bassin de Denver-Julesburg. L'entreprise vise à se concentrer sur l'intégration de ces actifs, à capturer des gains d'efficacité opérationnelle et à exécuter son programme de développement pour stimuler la croissance de la production et la génération de flux de trésorerie.
Prairie Operating Co. (PROP) hat ein Entwicklungsprogramm mit 11 Bohrungen auf dem Rusch Pad im Weld County, Colorado, gestartet. Der erste Bohrbeginn fand am 1. April 2025 mit dem Precision E-Drilling Rig 461 statt. Die Entwicklung besteht aus elf zwei Meilen langen Horizontalbohrungen, die zwischen den Niobrara A, B und C Chalks sowie dem Codell Sandstein wechseln.
Die Bohrphase soll bis Anfang Juni abgeschlossen sein, gefolgt von hydraulischem Fracking, mit einer anfänglichen Produktion, die für Anfang August erwartet wird. Das Unternehmen verfolgt einen umweltbewussten Ansatz mit dem E-Drilling Rig 461 von Precision, das von Erdgasgeneratoren mit Batteriepuffer betrieben wird, um die Effizienz zu steigern und die Emissionen zu reduzieren.
Diese Entwicklung folgt auf die kürzliche Bayswater-Akquisition von Prairie, die ihre Position im Denver-Julesburg-Becken erweitert hat. Das Unternehmen plant, sich auf die Integration dieser Vermögenswerte zu konzentrieren, betriebliche Effizienzen zu erfassen und sein Entwicklungsprogramm umzusetzen, um das Produktionswachstum und die Cashflow-Generierung voranzutreiben.
- Expansion of production capacity with 11 new wells
- Strategic growth following Bayswater acquisition
- Implementation of efficient drilling technology with reduced environmental impact
- Clear timeline for production commencement
- Significant capital expenditure required for 11-well development
- Several months gap between drilling start and production revenue
HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), today announced the launch of an 11-well development program at the Rusch Pad in Weld County, Colorado. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Company’s continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (“DJ”) Basin.
The Rusch Pad development will consist of eleven two-mile lateral wells, alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after. Initial production is anticipated in early August. To minimize environmental impact, Prairie will deploy Precision’s E-rig 461, powered by natural gas generators with battery backup to enhance efficiency and reduce emissions.
“The Rusch Pad development is an important step in Prairie’s ongoing growth strategy following the closing of the Bayswater acquisition,” said Edward Kovalik, Chairman and CEO of Prairie. “With this new development, we are expanding our production footprint, optimizing our asset base, and further positioning Prairie for long-term success. We remain committed to disciplined capital deployment and maximizing shareholder value.”
The Rusch Pad development follows the recent closing of Prairie’s acquisition of Bayswater assets, which significantly expanded the Company’s position in the DJ Basin. Prairie is currently focused on integrating these assets, capturing operational efficiencies, and executing its development program to drive production growth and cash flow generation.
About Prairie Operating Co.
Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. More information about the Company can be found at www.prairieopco.com.
Forward-Looking Statement
The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “strive”, “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations can be found in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K/A filed with the SEC on March 6, 2025, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Investor Relations Contact:
Wobbe Ploegsma
info@prairieopco.com
832.274.3449
FAQ
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