Prairie Operating Co. Announces the Promotion of Gregory S. Patton to Chief Financial Officer
Prairie Operating Co. (NASDAQ: PROP) has announced the promotion of Gregory S. Patton to Chief Financial Officer, effective April 1st, 2025. Patton, who joined Prairie last year as Executive Vice President of Commercial Development, brings over 15 years of industry experience in corporate finance, accounting, and capital markets.
Patton succeeds Craig Owen, who is retiring after more than 30 years in the energy industry. Prior to Prairie, Patton served as Senior Vice President of Corporate Development and Finance at Great Western Petroleum and as CFO at Trigger Energy. He holds accounting degrees from the University of Denver.
Ed Kovalik, Chairman and CEO, praised Owen's contributions in strengthening the company's financial foundation and highlighted Patton's critical role in aligning Prairie's capital strategy with long-term growth objectives over the past year.
Prairie Operating Co. (NASDAQ: PROP) ha annunciato la promozione di Gregory S. Patton a Chief Financial Officer, con effetto dal 1 aprile 2025. Patton, che è entrato a far parte di Prairie lo scorso anno come Vice Presidente Esecutivo dello Sviluppo Commerciale, porta con sé oltre 15 anni di esperienza nel settore della finanza aziendale, contabilità e mercati dei capitali.
Patton succede a Craig Owen, che si ritira dopo oltre 30 anni nell'industria energetica. Prima di entrare in Prairie, Patton ha ricoperto il ruolo di Vice Presidente Senior dello Sviluppo e Finanza Aziendale presso Great Western Petroleum e di CFO presso Trigger Energy. Ha conseguito lauree in contabilità presso l'Università di Denver.
Ed Kovalik, Presidente e CEO, ha elogiato i contributi di Owen nel rafforzare le fondamenta finanziarie dell'azienda e ha sottolineato il ruolo cruciale di Patton nell'allineare la strategia di capitale di Prairie con gli obiettivi di crescita a lungo termine nell'ultimo anno.
Prairie Operating Co. (NASDAQ: PROP) ha anunciado la promoción de Gregory S. Patton a Director Financiero, con efecto a partir del 1 de abril de 2025. Patton, quien se unió a Prairie el año pasado como Vicepresidente Ejecutivo de Desarrollo Comercial, aporta más de 15 años de experiencia en finanzas corporativas, contabilidad y mercados de capitales.
Patton sucede a Craig Owen, quien se retira después de más de 30 años en la industria energética. Antes de unirse a Prairie, Patton fue Vicepresidente Senior de Desarrollo Corporativo y Finanzas en Great Western Petroleum y CFO en Trigger Energy. Tiene títulos en contabilidad de la Universidad de Denver.
Ed Kovalik, Presidente y CEO, elogió las contribuciones de Owen para fortalecer la base financiera de la empresa y destacó el papel crítico de Patton en alinear la estrategia de capital de Prairie con los objetivos de crecimiento a largo plazo durante el último año.
프레리 운영 회사 (NASDAQ: PROP)는 그레고리 S. 패튼을 최고 재무 책임자로 승진시키며 2025년 4월 1일부터 시행한다고 발표했습니다. 패튼은 지난해 프레리에 상업 개발의 부사장으로 합류했으며, 기업 재무, 회계 및 자본 시장에서 15년 이상의 산업 경험을 보유하고 있습니다.
패튼은 에너지 산업에서 30년 이상 근무한 크레이그 오언의 후임입니다. 프레리에 합류하기 전, 패튼은 그레이트 웨스턴 석유에서 기업 개발 및 재무의 선임 부사장으로, 트리거 에너지에서 CFO로 재직했습니다. 그는 덴버 대학교에서 회계 학위를 취득했습니다.
에드 코발릭 회장 겸 CEO는 오언의 기여로 회사의 재무 기반이 강화되었다고 칭찬하며, 패튼이 지난 1년 동안 프레리의 자본 전략을 장기 성장 목표와 일치시키는 데 중요한 역할을 했다고 강조했습니다.
Prairie Operating Co. (NASDAQ: PROP) a annoncé la promotion de Gregory S. Patton au poste de Directeur Financier, à compter du 1er avril 2025. Patton, qui a rejoint Prairie l'année dernière en tant que Vice-Président Exécutif du Développement Commercial, apporte plus de 15 ans d'expérience dans le secteur des finances d'entreprise, de la comptabilité et des marchés de capitaux.
Patton succède à Craig Owen, qui prend sa retraite après plus de 30 ans dans l'industrie énergétique. Avant de rejoindre Prairie, Patton a été Vice-Président Senior du Développement et des Finances d’Entreprise chez Great Western Petroleum et CFO chez Trigger Energy. Il détient des diplômes en comptabilité de l'Université de Denver.
Ed Kovalik, Président et CEO, a salué les contributions d'Owen pour renforcer les fondations financières de l'entreprise et a souligné le rôle crucial de Patton dans l'alignement de la stratégie de capital de Prairie avec les objectifs de croissance à long terme au cours de l'année écoulée.
Prairie Operating Co. (NASDAQ: PROP) hat die Beförderung von Gregory S. Patton zum Chief Financial Officer bekannt gegeben, die am 1. April 2025 wirksam wird. Patton, der letztes Jahr als Executive Vice President für Commercial Development zu Prairie kam, bringt über 15 Jahre Branchenerfahrung in Unternehmensfinanzierung, Buchhaltung und Kapitalmärkten mit.
Patton folgt auf Craig Owen, der nach mehr als 30 Jahren in der Energiebranche in den Ruhestand geht. Vor Prairie war Patton Senior Vice President für Unternehmensentwicklung und Finanzen bei Great Western Petroleum und CFO bei Trigger Energy. Er hat Abschlüsse in Buchhaltung von der University of Denver.
Ed Kovalik, Vorsitzender und CEO, lobte Owens Beiträge zur Stärkung der finanziellen Basis des Unternehmens und hob Pattons entscheidende Rolle bei der Ausrichtung der Kapitalstrategie von Prairie auf langfristige Wachstumsziele im vergangenen Jahr hervor.
- Smooth leadership transition with retiring CFO assisting in the process
- New CFO brings 15+ years of industry experience and strong financial background
- Internal promotion indicates succession planning and organizational stability
- None.
HOUSTON, Texas, March 11, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), today announced the promotion, effective April 1st, of Gregory S. Patton to Chief Financial Officer. Mr. Patton, who joined Prairie last year as Executive Vice President of Commercial Development, brings over 15 years of industry experience with a strong background in corporate finance, accounting, and capital markets.
Prior to joining Prairie, Mr. Patton served as Senior Vice President of Corporate Development and Finance at Great Western Petroleum and as Chief Financial Officer at Trigger Energy. He holds both a Master’s and Bachelor’s degree in accounting from the University of Denver.
Mr. Patton succeeds Craig Owen, who is retiring April 1, 2025, after more than 30 years in the energy industry. Since joining Prairie, he has been instrumental in strengthening the company’s financial foundation, optimizing financial reporting, and enhancing efficiencies.
“Craig has been an outstanding CFO, and we want to sincerely thank him for his leadership and contributions in positioning Prairie for long-term success,” said Ed Kovalik, Chairman and Chief Executive Officer. “He has had a tremendous career, and we are grateful for the impact he has made in helping us build a strong financial platform. Craig has graciously agreed to assist in a smooth transition, and we wish him all the best in his well-earned retirement.”
Mr. Kovalik continued, “Over the past year Greg has played a critical role in strengthening Prairie’s financial operations and aligning our capital strategy with long-term growth objectives. His demonstrated expertise makes him the ideal person to step into the CFO role and he has earned the full confidence and support of our Board of Directors.”
"I am honored to accept the role of Chief Financial Officer at Prairie and look forward to working alongside our talented team to drive continued growth and create value for our shareholders,” said Mr. Patton. “I want to thank Craig for his dedication and strategic guidance which has strengthened our financial position and set the stage for future success. I’m excited for the opportunities ahead of us."
With Mr. Patton assuming the CFO position, Prairie remains committed to financial discipline and strategic growth as it strives to create long-term value for shareholders.
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
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