Associated tags: Codell, Kansas, Natural gas, Environment, OTCQB
Locations: HENDERSON, NEVADA, OKLAHOMA, CITY, CANADA, BURNETT, CG, BOE, DJ, HOUSTON, TX, US, COLORADO, TEXAS, RUSSELL, NIOBRARA
Retrieved on:
Monday, September 18, 2023
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.
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.
Retrieved on:
Wednesday, August 16, 2023
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.
HOUSTON, TX, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; “the Company”), is pleased to announce the formation of a strategic partnership with High West Energy, aimed at supplying electric power to all field operations.
Key Points:
- HOUSTON, TX, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; “the Company”), is pleased to announce the formation of a strategic partnership with High West Energy, aimed at supplying electric power to all field operations.
- By transitioning away from diesel and field gas-powered operations, Prairie Operating anticipates substantial reductions in greenhouse gas (GHG) intensity and nitrogen oxides (NOx) emissions.
- Ed Kovalik, Chairman and CEO of Prairie Operating Co., commented, “This strategic partnership highlights our unwavering commitment to seeking sustainable business opportunities that generate competitive long-term financial returns, while prioritizing safe and environmentally responsible execution.
- The company's dedication to ESG principles remains a driving force behind our internal execution and investment decision strategy.”
By partnering with High West Energy, Prairie Operating is at the forefront of setting new benchmarks for sustainable practices, while contributing to a greener and more resilient energy landscape.
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.
LLP,
Executive,
Serpentine Creek Road Cemetery,
PIPE,
OTCQB,
Sale,
Transaction,
Mergers and acquisitions,
FINRA,
PSA,
Prairie,
Security (finance),
Operation OKLAHOMA CITY, Oklahoma, May 04, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”) announced today the closing (the “Closing”) of the previously announced merger (the “Merger”) between Creek Road Miners, Inc. (“Creek Road”) and Prairie Operating Co., LLC (“Prairie”).
Key Points:
- OKLAHOMA CITY, Oklahoma, May 04, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR; the “Company”) announced today the closing (the “Closing”) of the previously announced merger (the “Merger”) between Creek Road Miners, Inc. (“Creek Road”) and Prairie Operating Co., LLC (“Prairie”).
- As a result of the Merger, Creek Road was renamed Prairie Operating Co.
- Ed Kovalik, the Company’s Chief Executive Officer, added, “Today marks the beginning of a tremendous growth opportunity for Prairie and its shareholders.
- Baker McKenzie LLP served as legal counsel to Creek Road.
