Prairie Operating Co. Expands Core Asset Base
Prairie Operating Co. (PROP)
NASDAQ:AMEX Investor Relations:
pledgepcorp.com
Company Research
Source: GlobeNewswire
Adds 1,280 Acre DSU and 2.6 MMBoe to Existing Denver Julesburg (“DJ”) Basin Portfolio 8 Drill Ready Permitted PUDs with Proven PV10 of ~ $40MM HOUSTON, TX, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced that it has acquired a 1,280 acre drillable spacing unit (“DSU”) and eight fully permitted proven undeveloped (“PUD”) drilling locations in the DJ Basin, from a private seller, for $900,000. The strategic acquisition of the 1,280 acre DSU and eight permitted PUDs, when added to the 62 PUDs the Company expects to acquire from Nickel Road Operating LLC (“NRO”), would expand Prairie’s permitted drilling inventory to 70 wells.(1) The oil and gas leases offset Prairie’s existing acreage position in northern Weld County, Colorado, adding over 2.6 MMboe in reserves and approximately $40 million in PV10 value to Prairie’s existing DJ Basin portfolio.(2) The PUDs are also liquids rich, offset by Niobrara develop
Show less
Read more
Impact Snapshot
Event Time:
PROP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PROP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PROP alerts
High impacting Prairie Operating Co. news events
Weekly update
A roundup of the hottest topics
PROP
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form ARS
- 4/24/24 - Form DEF
- PROP's page on the SEC website