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.
Prairie Operating Co. (CRKRD) is a dynamic energy company focused on the exploration, production, and development of oil and natural gas properties. With a strategic presence in the Denver Julesburg Basin, Prairie Operating Co. has been consistently expanding its portfolio through smart acquisitions and efficient operations. The company's recent acquisition of a 1,280 acre drillable spacing unit and eight fully permitted proven undeveloped drilling locations in the DJ Basin underscores its commitment to growth and profitability. Prairie Operating Co. is dedicated to delivering value to its shareholders and maintaining a strong position in the energy sector.
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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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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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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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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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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 Prairie Operating Co. known for?
Prairie Operating Co. is known for its focus on the exploration, production, and development of oil and natural gas properties, particularly in the Denver Julesburg Basin.
What recent acquisition has Prairie Operating Co. made?
Prairie Operating Co. recently acquired a 1,280 acre drillable spacing unit and eight fully permitted proven undeveloped drilling locations in the DJ Basin.
What is Prairie Operating Co.'s strategic presence?
Prairie Operating Co. has a strategic presence in the Denver Julesburg Basin, enabling it to expand its portfolio through smart acquisitions and efficient operations.
How does Prairie Operating Co. aim to deliver value?
Prairie Operating Co. is dedicated to delivering value to its shareholders through its growth-oriented approach and commitment to profitability in the energy sector.
What is Prairie Operating Co.'s commitment?
Prairie Operating Co. is committed to maintaining a strong position in the energy sector by pursuing strategic opportunities and optimizing its operations.
What sectors does Prairie Operating Co. focus on?
Prairie Operating Co. focuses on the exploration, production, and development of oil and natural gas properties, with a particular emphasis on the Denver Julesburg Basin.
How does Prairie Operating Co. engage with shareholders?
Prairie Operating Co. engages with shareholders through transparent communication, investor relations efforts, and a commitment to delivering value.
What sets Prairie Operating Co. apart?
Prairie Operating Co. stands out for its dynamic approach to energy exploration, strategic acquisitions, and dedication to growth and profitability.
What recent achievements has Prairie Operating Co. celebrated?
Prairie Operating Co. recently celebrated the acquisition of a 1,280 acre drillable spacing unit and eight fully permitted proven undeveloped drilling locations, signaling its commitment to expansion and success.
How does Prairie Operating Co. contribute to the energy sector?
Prairie Operating Co. contributes to the energy sector through its exploration, production, and development of oil and natural gas properties, driving innovation and value creation.
Prairie Operating Co.