Prairie Operating Co. - CRKR STOCK NEWS

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

Prairie Operating Co., trading under the symbol CRKR, is a forward-thinking energy company primarily focused on the exploration, development, and production of oil and natural gas. The company’s core operations are centered in the Denver Julesburg (DJ) Basin, which is renowned for its abundant hydrocarbon resources.

Recently, Prairie Operating Co. has made significant strides in expanding its asset portfolio. The acquisition of a 1,280-acre drillable spacing unit (DSU) and eight fully permitted proven undeveloped (PUD) drilling locations for $900,000 has bolstered its operational capabilities. With a proven PV10 value of approximately $40 million, these assets are expected to enhance the company's production profile and financial metrics substantially.

The company's strategy is to create value through disciplined capital allocation and efficient operational execution. This approach has resulted in the addition of 3,370 barrels of oil equivalent per day (Boepd) and proven reserves with a PV10 of over $250 million, further solidifying its standing in the DJ Basin.

Prairie Operating Co. is committed to maintaining a robust financial position while pursuing growth opportunities. The company collaborates with various industry partners to optimize resource development and maximize shareholder value. Investors and stakeholders can stay informed about the latest developments, including financial reports and upcoming projects, through the company's dedicated Investor Relations contact, Wobbe Ploegsma, reachable at wp@prairieopco.com or 832.274.3449.

In addition to its core E&P activities, Prairie Operating Co. is exploring new ventures and technological advancements to enhance its operational efficiency and environmental stewardship. By leveraging cutting-edge technologies and industry best practices, the company aims to achieve sustainable growth and long-term value creation.

01/23/2024 04:15 PM

News

Former Chairman of MGM Worldwide Television Group, Mark Burnett, Joins Prairie Operating Co. Advisory Board

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Prairie Operating Co. (PROP) announced the addition of Mark Burnett, former Chairman of MGM Worldwide Television Group, to its Advisory Board. Burnett is a highly successful figure in television programming, having produced popular reality series like 'Survivor', 'The Apprentice', 'Shark Tank', and 'The Voice'. His extensive experience and business accomplishments make him a valuable addition to Prairie's Advisory Board, contributing to the company's growth strategy in the energy space.

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01/11/2024 06:10 PM

News

Prairie Operating Announces Acquisition of Producing E&P Assets

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Prairie Operating Co. (Nasdaq: PROP) has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC for a total consideration of $94.5 million, adding 3,370 Boepd, proven PV10 of over $250MM, and 62 permitted PUDs to its existing Denver Julesburg Basin Portfolio. The transaction is expected to be immediately accretive to key financial metrics including production, reserves, and free cash flow. The acquisition strategically expands Prairie's core operating area, increasing inventory of high rate-of-return drilling locations, and providing additional flexibility to the 2024 drill schedule.

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12/22/2023 08:00 AM

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Prairie Operating Co. Announces Uplisting to The Nasdaq Capital Market

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Prairie Operating Co. (PROP) has received approval to list its common stock on the Nasdaq Capital Market stock exchange, expected to commence on December 28, 2023. The uplisting to Nasdaq is expected to provide greater long-term value for stockholders and increase liquidity in trading volume. This move represents a significant milestone for the company, showcasing its accomplishments and attracting a broader investor base.

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12/11/2023 07:30 AM

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Prairie Operating Co. To Host Year-End Update Call Highlighting Key Achievements and Corporate Strategy

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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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11/27/2023 07:30 AM

News

Prairie Operating Co. Submits Weld County Oil and Gas Location Assessment and Begins Permit Application Process for Second Oil and Gas Development Plan

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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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11/15/2023 07:30 AM

News

Prairie Operating Co. Announces Proceeds of $12 Million from Warrant Exercise

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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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11/10/2023 04:05 PM

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Prairie Operating Co. Begins Trading Monday, November 13 Under New Ticker Symbol “PROP”

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Prairie Operating Co. (OTCQB: CRKRD) to Commence Trading under New Ticker Symbol 'PROP'

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11/06/2023 07:30 AM

News

Former Great Western Petroleum CEO and Energy Industry Veteran, Richard N. Frommer, Joins Prairie Operating Co. Advisory Board

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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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10/20/2023 05:05 PM

News

Repeat: Prairie Operating Co. Announces Effective Date of Reverse Stock Split, Corporate Name Change and Stock Symbol Change

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Prairie Operating Co. announces reverse stock split and changes to governance

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10/20/2023 05:04 PM

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Repeat: Renowned Geologist and Energy Expert, Dr. Scott Tinker, Joins Prairie Operating Co. Advisory Board

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Prairie Operating Co. announces Dr. Scott Tinker joining Advisory Board

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FAQ

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

The market cap of Prairie Operating Co. (crkr) is approximately 97.8M.

What is the primary focus of Prairie Operating Co.?

Prairie Operating Co. focuses on the exploration, development, and production of oil and natural gas primarily in the Denver Julesburg (DJ) Basin.

What recent acquisition has Prairie Operating Co. made?

Prairie Operating Co. recently acquired a 1,280-acre drillable spacing unit (DSU) and eight fully permitted PUD drilling locations for $900,000.

How does the recent acquisition benefit Prairie Operating Co.?

The recent acquisition adds 3,370 Boepd and proven reserves with a PV10 value of over $250 million, enhancing the company’s production and financial metrics.

Who is the Investor Relations contact at Prairie Operating Co.?

The Investor Relations contact is Wobbe Ploegsma, reachable at wp@prairieopco.com or 832.274.3449.

What is the ticker symbol for Prairie Operating Co.?

The ticker symbol for Prairie Operating Co. is CRKR.

How does Prairie Operating Co. plan to sustain growth?

Prairie Operating Co. aims to sustain growth through disciplined capital allocation, efficient operations, and strategic acquisitions in the DJ Basin.

Where are Prairie Operating Co.'s primary operations located?

Prairie Operating Co.'s primary operations are located in the Denver Julesburg (DJ) Basin.

What is the financial impact of the latest acquisition on Prairie Operating Co.?

The latest acquisition is expected to be immediately accretive to key financial metrics, adding significant reserves and production capacity.

How can investors stay informed about Prairie Operating Co.'s latest news?

Investors can stay informed about Prairie Operating Co.'s latest news through their Investor Relations contact and the company's official communications.

What technologies is Prairie Operating Co. leveraging for growth?

Prairie Operating Co. is leveraging cutting-edge technologies and industry best practices to enhance operational efficiency and environmental stewardship.