Welcome to our dedicated page for Prairie Operating news (Ticker: PROP), a resource for investors and traders seeking the latest updates and insights on Prairie Operating stock.
Prairie Operating Co. develops and acquires oil, natural gas and natural gas liquids resources in the United States, with assets concentrated in the Denver-Julesburg Basin. Its operating focus includes oil- and liquids-rich areas of the DJ Basin, including the Niobrara and Codell formations.
News about PROP centers on financial and operating results, development activity, capital allocation, capital-structure actions and governance updates. Recurring company developments include earnings releases and conference calls, material agreements involving Series F Convertible Preferred Stock and related warrants, board and leadership changes, and management participation in energy and capital-markets conferences.
Prairie Operating Co. (Nasdaq: PROP) reported year-end 2025 proved reserves of approximately 121 MMBoe with a PV-10 of $1,220 million (SEC pricing) and estimated future net cash flows before federal taxes of $2,414 million.
The company reported exit rate production of ~28,000 Boe/d, 60 MMBbl oil, 195 Bcf gas, 29 MMBbl NGLs, with 68 MMBoe proved developed and 53 MMBoe proved undeveloped (effective date Dec 31, 2025).
Prairie Operating Co. (Nasdaq: PROP) announced leadership changes on March 3, 2026, including the voluntary resignation of CEO and Chairman Edward Kovalik and the retirement of President Gary C. Hanna.
The Board appointed Richard N. Frommer as Interim President and CEO and Erik Thoresen as Chairman while a search for a permanent CEO proceeds.
The company said it has entered into separation agreements with Kovalik and Hanna and intends to retain a leading executive search firm to consider internal and external candidates.
Prairie Operating Co. (Nasdaq: PROP) reported third-quarter 2025 results on November 14, 2025 with key operational and financial gains.
Highlights include $77.7 million total revenue (≈15% quarter-over-quarter increase), record Adjusted EBITDA $56.3 million (up >45% QoQ), quarterly production of 23,029 Boe/d (≈52% oil) and a current production rate of ~27,000 net Boe/d. The company incurred a $69.6 million capex in the quarter and reported a $22.5 million net loss attributable to common stockholders. Liquidity stood at $68.6 million, and full-year 2025 guidance was reaffirmed.
Prairie Operating Co (Nasdaq: PROP) will release its third quarter 2025 financial and operating results after market close on Friday, November 14, 2025.
The company will host a conference call and webcast on Monday, November 17, 2025 at 9:00 AM ET (8:00 AM CT) to review results and recent developments. Telephone participants may register in advance and join in listen-only mode; a Call Me™ option becomes active 15 minutes before the call. Analyst and investor dial-in numbers: 877-407-9219 or +1 412-652-1274. The live webcast is available from Prairie's Press & Media page at https://www.prairieopco.com/media. A replay of the webcast will be archived on the company website for two weeks following the call.
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.