Codell, Kansas

REPEAT -- Prairie Operating Co. Announces Possible Reserves of ~285.3 MMBoe with a PV10 Value of ~$2.4 Billion

Retrieved on: 
Friday, October 20, 2023
Growth, Society, Codell, Kansas, Niobrara, OTCQB, Oil

The reserve report reflects the quality and scale of the Company’s 37,000 gross acre position, establishing a possibles reserves basis of ~285.3 MMBoe with a PV10 value of ~$2.4 billion.

Key Points: 
  • The reserve report reflects the quality and scale of the Company’s 37,000 gross acre position, establishing a possibles reserves basis of ~285.3 MMBoe with a PV10 value of ~$2.4 billion.
  • The reserves are supported by 412 qualified locations across both the Niobrara and Codell formations that are part of the Company’s future development plan.
  • Furthermore, Prairie Operating Co. has hundreds of additional locations beyond this initial 5-year development program that are not currently included in the report.
  • “We are confident our extensive drilling inventory will be a driving factor in creating consistent, long-term value for our shareholders.

Repeat: Prairie Operating Co. Submits Initial Permit Application with the Colorado Energy & Carbon Management Commission

Retrieved on: 
Friday, October 20, 2023
Carbon, Burnett, Genesis, Niobrara, ECMC, NOx, OTCQB, GHG, Codell, Kansas

HOUSTON, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce that it has submitted its initial permit application with the Colorado Energy and Carbon Management Commission (ECMC) for the Genesis Oil & Gas Development Plan (OGDP) in Weld County, Colorado.

Key Points: 
  • HOUSTON, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce that it has submitted its initial permit application with the Colorado Energy and Carbon Management Commission (ECMC) for the Genesis Oil & Gas Development Plan (OGDP) in Weld County, Colorado.
  • The Genesis OGDP encompasses seventy-two (72) wells on two (2) pads, developing 9-square miles of subsurface minerals in rural Weld County, Colorado.
  • The two (2) pads, the Burnett and Oasis, will develop eighteen (18) three-mile lateral wells and fifty-four (54) two-mile lateral wells, respectively.
  • "I would like to thank our team and the Colorado ECMC leadership and staff for their outstanding collaboration in reaching this point,” stated Ed Kovalik, Chairman and CEO.

Repeat: Prairie Operating Co. Executes Option to Acquire Remaining Exok, Inc. Assets

Retrieved on: 
Friday, October 20, 2023
Private investment in public equity, Growth, PIPE, Codell, Kansas, Acquisition, Exercise, OTCQB, Security (finance)

HOUSTON, TX, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce the execution of its option to acquire the remaining Exok, Inc. (“Exok”) assets located in Weld County, Colorado.

Key Points: 
  • HOUSTON, TX, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce the execution of its option to acquire the remaining Exok, Inc. (“Exok”) assets located in Weld County, Colorado.
  • In conjunction with executing this option, the Company closed on a $20 million Private Investment in Public Equity (“PIPE”) offering.
  • The Exok asset is offset by industry-leading operators and positioned within the core of Denver-Julesburg "DJ" Basin, a premier U.S. Shale Basin.
  • The decision to exercise the option underscores the Company's continued commitment to enhancing and expanding its market presence.

Prairie Operating Co. Submits Initial Permit Application with the Colorado Energy & Carbon Management Commission

Retrieved on: 
Monday, September 18, 2023
Carbon, OTCQB, GHG, ECMC, NOx, Niobrara, Burnett, Genesis, Codell, Kansas

HOUSTON, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce that it has submitted its initial permit application with the Colorado Energy and Carbon Management Commission (ECMC) for the Genesis Oil & Gas Development Plan (OGDP) in Weld County, Colorado.

Key Points: 
  • HOUSTON, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce that it has submitted its initial permit application with the Colorado Energy and Carbon Management Commission (ECMC) for the Genesis Oil & Gas Development Plan (OGDP) in Weld County, Colorado.
  • The Genesis OGDP encompasses seventy-two (72) wells on two (2) pads, developing 9-square miles of subsurface minerals in rural Weld County, Colorado.
  • The two (2) pads, the Burnett and Oasis, will develop eighteen (18) three-mile lateral wells and fifty-four (54) two-mile lateral wells, respectively.
  • "I would like to thank our team and the Colorado ECMC leadership and staff for their outstanding collaboration in reaching this point,” stated Ed Kovalik, Chairman and CEO.

Prairie Operating Co. Announces Possible Reserves of ~285.3 MMBoe with a PV10 Value of ~$2.4 Billion

Retrieved on: 
Monday, August 21, 2023
Growth, OTCQB, Society, Codell, Kansas, Niobrara, Oil

The reserve report reflects the quality and scale of the Company’s 37,000 gross acre position, establishing a possibles reserves basis of ~285.3 MMBoe with a PV10 value of ~$2.4 billion.

Key Points: 
  • The reserve report reflects the quality and scale of the Company’s 37,000 gross acre position, establishing a possibles reserves basis of ~285.3 MMBoe with a PV10 value of ~$2.4 billion.
  • The reserves are supported by 412 qualified locations across both the Niobrara and Codell formations that are part of the Company’s future development plan.
  • Furthermore, Prairie Operating Co. has hundreds of additional locations beyond this initial 5-year development program that are not currently included in the report.
  • “We are confident our extensive drilling inventory will be a driving factor in creating consistent, long-term value for our shareholders.

Prairie Operating Co. Executes Option to Acquire Remaining Exok, Inc. Assets

Retrieved on: 
Wednesday, August 16, 2023
Exercise, PIPE, Growth, OTCQB, Private investment in public equity, Acquisition, Codell, Kansas, Security (finance)

HOUSTON, TX, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce the execution of its option to acquire the remaining Exok, Inc. (“Exok”) assets located in Weld County, Colorado.

Key Points: 
  • HOUSTON, TX, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), is pleased to announce the execution of its option to acquire the remaining Exok, Inc. (“Exok”) assets located in Weld County, Colorado.
  • In conjunction with executing this option, the Company closed on a $20 million Private Investment in Public Equity (“PIPE”) offering.
  • The Exok asset is offset by industry-leading operators and positioned within the core of Denver-Julesburg "DJ" Basin, a premier U.S. Shale Basin.
  • The decision to exercise the option underscores the Company's continued commitment to enhancing and expanding its market presence.

Prairie Operating Co. Chief Executive Officer issues Letter to Stockholders

Retrieved on: 
Wednesday, June 28, 2023
OTCQB, Acquisition, FINRA, Growth, OK, Codell, Kansas

OKLAHOMA CITY, OK, June 28, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), Edward Kovalik, Chief Executive Officer, issues letter to stockholders.

Key Points: 
  • OKLAHOMA CITY, OK, June 28, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”), Edward Kovalik, Chief Executive Officer, issues letter to stockholders.
  • We are thrilled with the successful completion of the merger between Creek Road Miners, Inc. and Prairie Operating Co., LLC.
  • This merger represents a significant milestone for the Company and positions us for growth and value creation.
  • Prairie Operating Co. currently trades under the ticker symbol “CRKR” and expects to commence trading on the OTCQB under the new ticker symbol “PROP” once FINRA processes the Company’s pending action request.

PDC Energy Announces Unanimous Approval of The Guanella Comprehensive Area Plan Adding Clear Line of Sight for Sustainable Long-Term Colorado Development Activities

Retrieved on: 
Thursday, December 8, 2022
PDC, Codell, Kansas, Natural gas, CAP, DJ, Guanella, Federal Lands Jobs and Energy Security Act, ESG, Atlas, Oil, Delaware Basin

The Guanella CAP further supports the Company’s long-term planning and permitting efforts.

Key Points: 
  • The Guanella CAP further supports the Company’s long-term planning and permitting efforts.
  • With today’s CAP approved locations and our previously established multi-year inventory of projects in the DJ Basin, the Company has clear line of sight into its turn in line activity well into 2028 at current activity levels.
  • I am also proud of the alignment from our CAP development plans and our continued thoughtful and incremental progress on our ESG goals.
  • All forward-looking statements are qualified in their entirety by this cautionary statement.

PDC Energy Declares Quarterly Cash Dividend and Additional Special Dividend on Common Shares

Retrieved on: 
Wednesday, December 7, 2022
Acquisition, PDC, Codell, Kansas, Natural gas, Share repurchase, Great Western, Atlas, Security (finance), Delaware Basin

DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share on PDC’s outstanding common stock.

Key Points: 
  • DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share on PDC’s outstanding common stock.
  • The dividends are payable on December 28, 2022, to stockholders of record at the close of business on December 19, 2022.
  • For the full year of 2022, PDC anticipates returning approximately $1 billion to shareholders through share repurchases, base dividend payments and the special dividend.
  • Inclusive of the combined $1.00 base and special dividend payments in December and the $745 million invested in share repurchases to retire approximately 11 million shares through November 30, 2022, PDC has returned approximately $925 million in 2022 so far.

Summit Midstream Partners, LP Announces Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin

Retrieved on: 
Monday, October 17, 2022
Permian, Bone Spring Formation, Codell, Kansas, Transport, Conference, Borrowing base, Natural gas, Phillips, Pony Express Pipeline, Adjustment, Delaware Basin, Piceance Basin, RBC Capital Markets, Bend Arch–Fort Worth Basin, LLC, NYSE, Mancos, Colorado, GAAP, TD Securities, TD, Senior, Mesaverde Group, Vinson & Elkins, Southern Star, New, TPH, Prevalence, Growth, NGP, Annual report, Income, Contract, Multimedia, Utica Shale, EBITDA, Trailblazer, U.S. Securities and Exchange Commission, Investor, Partnership, Master limited partnership, DJ, Sterling, Acquisition, PIN, Forward-looking statement, Perella Weinberg Partners, Petroleum, Nightclub, Bank, Oil, Financial adviser, Outrigger

The Outrigger DJ and Sterling DJ consolidated asset portfolio is located in Weld, Morgan, and Logan Counties, Colorado and Cheyenne County, Nebraska.

Key Points: 
  • The Outrigger DJ and Sterling DJ consolidated asset portfolio is located in Weld, Morgan, and Logan Counties, Colorado and Cheyenne County, Nebraska.
  • Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We are excited to announce the expansion of our DJ Basin presence with these strategic bolt-on acquisitions.
  • Volume throughput on the Sterling DJ system is underpinned by acreage dedications, with an estimated 170,000 leased mineral acres attributable to several leading DJ Basin producers.
  • The call can be accessed via teleconference at: Q3 2022 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BI0835fc438bc64ded92d518ca8c8d6f95 ).