Prairie Operating Co. Welcomes Energy Industry Veteran Richard N. Frommer to Its Board of Directors
Prairie Operating Co. (PROP) announced the appointment of Richard N. Frommer to its Board of Directors as an independent director. Frommer, the former CEO of Great Western Petroleum and current Prairie Advisory Board member, brings over 40 years of oil and gas industry experience. His expertise includes deep knowledge of Colorado's regulatory environment and the Denver-Julesburg Basin. As former Chairman of the Trade Association for the Colorado Oil and Gas Association, Frommer helped shape Colorado's regulatory framework and has a proven track record of building and monetizing multiple billion-dollar oil and gas companies across regions from Canada to the Gulf Coast.
Prairie Operating Co. (PROP) ha annunciato la nomina di Richard N. Frommer nel suo Consiglio di Amministrazione come direttore indipendente. Frommer, ex CEO di Great Western Petroleum e attuale membro del Consiglio consultivo di Prairie, porta con sé oltre 40 anni di esperienza nel settore oil e gas. La sua competenza include una profonda conoscenza dell'ambiente normativo del Colorado e del Bacino di Denver-Julesburg. In qualità di ex Presidente dell'Associazione Commerciale per l'Associazione Oil and Gas del Colorado, Frommer ha contribuito a plasmare il quadro normativo del Colorado e ha dimostrato di avere un comprovato successo nella costruzione e monetizzazione di diverse aziende oil e gas del valore di miliardi di dollari in regioni che vanno dal Canada alla Costa del Golfo.
Prairie Operating Co. (PROP) anunció el nombramiento de Richard N. Frommer en su Junta Directiva como director independiente. Frommer, ex CEO de Great Western Petroleum y actual miembro de la Junta Asesora de Prairie, aporta más de 40 años de experiencia en la industria del petróleo y el gas. Su experiencia incluye un profundo conocimiento del entorno regulatorio de Colorado y de la Cuenca de Denver-Julesburg. Como ex Presidente de la Asociación Comercial de la Asociación de Petróleo y Gas de Colorado, Frommer ayudó a dar forma al marco regulatorio de Colorado y tiene un historial comprobado en la construcción y monetización de múltiples empresas de petróleo y gas valoradas en miles de millones de dólares en regiones que van desde Canadá hasta la Costa del Golfo.
프레리 운영 회사 (PROP)는 리차드 N. 프롬머를 독립 이사로 이사회에 임명했다고 발표했습니다. 프롬머는 그레이트 웨스턴 석유의 전 CEO이자 현재 프레리 자문 위원회의 멤버로, 40년 이상의 석유 및 가스 산업 경험을 보유하고 있습니다. 그의 전문성은 콜로라도의 규제 환경과 덴버-줄스버그 분지에 대한 깊은 지식을 포함합니다. 콜로라도 석유 및 가스 협회의 무역 협회 전 회장으로서 프롬머는 콜로라도의 규제 프레임워크를 형성하는 데 기여했으며, 캐나다부터 걸프코스트까지 여러 지역에서 수십억 달러 규모의 석유 및 가스 회사를 구축하고 수익화한 성공적인 경력을 가지고 있습니다.
Prairie Operating Co. (PROP) a annoncé la nomination de Richard N. Frommer à son conseil d'administration en tant que directeur indépendant. Frommer, ancien PDG de Great Western Petroleum et membre actuel du conseil consultatif de Prairie, possède plus de 40 ans d'expérience dans l'industrie pétrolière et gazière. Son expertise comprend une connaissance approfondie de l'environnement réglementaire du Colorado et du bassin de Denver-Julesburg. En tant qu'ancien président de l'Association commerciale pour l'Association du pétrole et du gaz du Colorado, Frommer a contribué à façonner le cadre réglementaire du Colorado et a un bilan prouvé dans la construction et la monétisation de plusieurs entreprises de pétrole et de gaz d'une valeur de plusieurs milliards de dollars dans des régions allant du Canada à la côte du Golfe.
Prairie Operating Co. (PROP) hat die Ernennung von Richard N. Frommer in ihren Vorstand als unabhängigen Direktor bekannt gegeben. Frommer, der ehemalige CEO von Great Western Petroleum und derzeitige Mitglied des Beratergremiums von Prairie, bringt mehr als 40 Jahre Erfahrung in der Öl- und Gasindustrie mit. Seine Fachkenntnisse umfassen tiefes Wissen über das regulatorische Umfeld in Colorado und das Denver-Julesburg-Becken. Als ehemaliger Vorsitzender des Handelsverbands der Colorado Oil and Gas Association trug Frommer dazu bei, das regulatorische Rahmenwerk Colorados zu gestalten, und hat nachweislich mehrere milliardenschwere Öl- und Gasunternehmen in Regionen von Kanada bis zur Golfküste aufgebaut und monetarisiert.
- Appointment of industry veteran with 40+ years of experience
- Deep expertise in Colorado's regulatory environment and DJ Basin operations
- Proven track record in building and monetizing billion-dollar oil and gas companies
- Prior familiarity with company assets through Advisory Board role
- None.
HOUSTON, 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.
For the past year, Mr. Frommer has been a key contributor as a member of the Company’s Advisory Board. His deep expertise with Colorado’s regulatory environment, as well as his comprehensive knowledge of the Denver-Julesburg (DJ) Basin and strong familiarity with Prairie’s assets make his transition to the Board of Directors a natural progression.
Mr. Frommer brings more than 40 years of experience in the oil and gas industry to his new role. He has led and collaborated with boards and management teams across a variety of regions, from Canada to the Gulf Coast. Throughout his career, he has demonstrated a proven ability to build and monetize multiple billion-dollar oil and gas companies. As Chairman of the Trade Association for the Colorado Oil and Gas Association, Mr. Frommer played a pivotal role in shaping Colorado’s regulatory framework, championing innovation and the production of the “cleanest molecule.”
“We are excited to welcome Rich to our Board of Directors,” said Edward Kovalik, Chairman and Chief Executive Officer of the Company. “Rich’s exceptional leadership track record, combined with his unique understanding of the DJ Basin, the Colorado regulatory environment and expertise in driving billion-dollar enterprises, makes him an invaluable addition. His insights and strategic vision will help position Prairie for sustainable growth and long-term success.”
“I am honored to join Prairie Operating Co.’s Board of Directors,” said Mr. Frommer. “Prairie is uniquely positioned to capitalize on opportunities in the energy sector, and I look forward to collaborating with the Board and management team to drive value and advance Prairie’s position as a leader in the industry.”
Mr. Frommer’s appointment as an independent director reflects Prairie’s ongoing commitment to strengthening its leadership team and enhancing its position in the industry.
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 “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 20, 2024, 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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