Welcome to our dedicated page for CRKR news (Ticker: crkr), a resource for investors and traders seeking the latest updates and insights on CRKR stock.
Prairie Operating Co. (CRKR) maintains an active presence in energy markets through strategic developments in oil, gas, and natural gas liquids. This news hub provides investors and industry observers with timely updates on the company's operations in the DJ Basin, including the Niobrara and Codell formations.
Our curated collection offers essential insights into CRKR's financial announcements, asset acquisitions, and operational milestones. Users will find comprehensive coverage of earnings reports, partnership developments, and production updates that reflect the company's disciplined approach to energy asset management.
The page features verified information on drilling operations, regulatory compliance efforts, and capital allocation strategies. Regular updates ensure stakeholders stay informed about CRKR's progress in maintaining operational efficiency while navigating commodity market dynamics.
Bookmark this resource for direct access to Prairie Operating Co.'s official communications and third-party analysis. Check back frequently to monitor developments in natural gas production, resource development strategies, and other critical aspects of CRKR's energy sector activities.
Prairie Operating Co. (NASDAQ:PROP), an energy company focused on the Denver-Julesburg Basin, provided an operational update highlighting significant progress across multiple drilling pads. The Opal/Coalbank pad has exceeded expectations with nine wells achieving average IP30 rates of 525 boepd per well. The company has completed 11 wells on the Rusch pad, targeting multiple Niobrara zones and Codell formation.
Prairie's innovative approach includes their first U-turn wells on the Noble pad, designed to target two Niobrara benches within a single wellbore. The Simpson pad is currently under development with six 2-mile wells planned. The company's 2025 schedule targets 41 total wells to be turned in line, complemented by 32 high-return workovers planned for Q3 and Q4 2025.
Prairie Operating Co. (NASDAQ:PROP), an energy company focused on oil, natural gas, and NGL resources in the Denver-Julesburg Basin, has completed two strategic bolt-on acquisitions. The transactions add approximately 16,000 net acres and significant inventory, including permitted locations.
The acquisitions were sourced off-market and funded using existing working capital. According to CEO Edward Kovalik, these transactions align with Prairie's strategic pillars of disciplined capital allocation, opportunistic consolidation, and operational excellence. The company expects the acquisitions to be immediately accretive.
Prairie Operating Co. (NASDAQ:PROP) reported exceptional Q2 2025 results with significant growth across all metrics. The company achieved total revenue of $68.1 million (400% increase quarter-over-quarter) and record production of 21,052 Boe/d (540% increase), with approximately 50% oil composition.
Key financial highlights include net income of $35.7 million, earnings per share of $1.04, and record Adjusted EBITDA of $38.6 million (600% increase). The company completed over $600 million in producing asset acquisitions and secured a $475 million credit facility with Citibank.
Operational achievements include drilling 18 wells and completing 9 wells, with improved spud-to-total-depth times of 5.3 days. Prairie implemented innovative U-shaped lateral designs and deployed an electric frac fleet, demonstrating technical leadership in the DJ Basin.
Prairie Operating Co. (Nasdaq: PROP), an energy company focused on oil and natural gas development in the Denver-Julesburg Basin, has scheduled its Q2 2025 earnings release for August 12, 2025.
The company will host a conference call and webcast at 4:30 PM ET (3:30 PM CT) on the same day to discuss financial results and provide operational updates. Investors can access the call through telephone registration or the company's website, with a replay available for two weeks following the presentation.
Prairie Operating Co. (Nasdaq: PROP) has announced a strategic $12.5 million acquisition of assets from Edge Energy II LLC in the DJ Basin. The cash transaction, funded through the company's credit facility, adds approximately 11,000 net acres to Prairie's footprint, expanding it to 60,000 net acres total.
The acquisition includes current production of 190 Boepd from 47 wells, with an ~88% working interest. The deal provides 40 two-mile lateral future inventory locations, eight approved permits, and eight permits in process. Prairie plans to begin development in August 2025, starting with the fully permitted Simpson pad.
Prairie Operating Co. (NASDAQ: PROP) has appointed Maree K. Delgado, CPA, as Senior Vice President of Accounting & Controller. Delgado brings over 20 years of experience in financial accounting, regulatory compliance, and risk management within the energy sector. She previously served as E&P Controller at Antero Resources Corporation and held executive positions at Ultra Petroleum Corp (now PureWest Energy), including Vice President and Chief Accounting Officer.
Delgado's expertise includes implementing strategic financial partnerships, driving internal efficiencies, and overseeing system implementations. She is a Certified Public Accountant licensed in Colorado and holds a Bachelor of Commerce in Accounting and Business Law from Curtin University of Technology. The appointment aligns with Prairie's focus on operational excellence, financial discipline, and strong governance as it expands its Denver-Julesburg Basin platform.
Prairie Operating Co. (PROP) has initiated completions of nine drilled but uncompleted (DUC) wells at the Opal Coalbank pad, acquired from Bayswater. The project targets six wells in the Codell and three in the Niobrara B, with production expected to begin this summer.
The company's 11-well Rusch Pad development is progressing ahead of schedule, with three wells already drilled and cased. The program utilizes Precision's premier rig, operating on multiple forms of electric power for reduced emissions. Drilling completion is expected by early June, with first production anticipated in early August.
Prairie's strategic hedging program currently shows a mark-to-market value of approximately $70 million. The program covers 85% of remaining daily production for 2025 at $68.27/barrel WTI and $4.28/MMBtu Henry Hub, with additional hedges through Q1 2028 at $64.29/barrel WTI and $4.09/MMBtu Henry Hub.
Prairie Operating Co. (PROP) has successfully implemented a strategic hedging program covering 85% of its current daily production in the Denver-Julesburg Basin. The program, executed after acquiring DJ Basin assets from Bayswater Exploration and Production, secures pricing at $68.27/bbl WTI and $4.28/MMBtu Henry Hub for remaining 2025 production, and $64.29/bbl WTI and $4.09/MMBtu Henry Hub for 2026-1Q 2028 production.
The company is advancing development with an 11-well Rusch Pad project targeting the Niobrara and Codell formations. This hedging initiative aims to protect cash flows, reduce risk, and support the company's growth strategy while maintaining capital discipline.
Prairie Operating Co. (PROP) has launched an 11-well development program at the Rusch Pad in Weld County, Colorado. The first well spud began on April 1, 2025, using Precision E-Drilling Rig 461. The development consists of eleven two-mile lateral wells alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone.
The drilling phase is expected to complete by early June, followed by hydraulic fracturing, with initial production anticipated in early August. The company is utilizing an environmentally conscious approach with Precision's E-rig 461, powered by natural gas generators with battery backup to enhance efficiency and reduce emissions.
This development follows Prairie's recent Bayswater acquisition, which expanded their position in the Denver-Julesburg Basin. The company aims to focus on integrating these assets, capturing operational efficiencies, and executing its development program to drive production growth and cash flow generation.
