Prairie Operating Co. Announces Unanimous Approval of Genesis Oil and Gas Development Plan Adding Multi-Year Inventory of Development Drilling Locations
Prairie Operating Co. (PROP)
NASDAQ:AMEX Investor Relations:
pledgepcorp.com
Company Research
Source: GlobeNewswire
HOUSTON, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the Colorado Energy and Carbon Management Commission (“ECMC”) approved the Company’s Genesis I Oil & Gas Development Plan (“OGDP”). The Genesis I OGDP encompasses 72 wells on two pads, developing 9-square miles of subsurface minerals in rural Weld County, Colorado. The two pads, the Burnett and Oasis, will develop up to 18 three-mile lateral wells and up to 54 two-mile lateral wells, respectively. Combined with the previously announced bolt-on acquisition earlier this year, the Company has added 80 new wells to its inventory in 2024 and will soon have over 140 permits upon the anticipated closing of the Nickel Road Operating (“NRO”) asset acquisition announced in January. "I would first like to thank our team at Prairie and the leadership and staff at the ECMC, we very much appreciate their supportive comments during the hearing,” stated, Ed Kov
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Sec Filings
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form ARS
- 4/24/24 - Form DEF
- PROP's page on the SEC website