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. (PROP) delivers essential energy sector updates through this comprehensive news hub. Track the Houston-based company's developments in oil and natural gas extraction, strategic DJ Basin operations, and technological innovations like their all-electric frac fleet partnership with ProFrac.
Investors and industry professionals will find curated press releases covering quarterly earnings, asset acquisitions, operational milestones, and sustainability initiatives. Our repository ensures direct access to primary source materials while maintaining strict editorial neutrality.
Key focus areas include Niobrara/Codell formation developments, capital discipline updates, and emissions-reduction technologies. The collection serves as a critical resource for monitoring PROP's balance of traditional energy practices with modern operational efficiencies.
Bookmark this page for real-time updates on regulatory compliance achievements, production growth metrics, and partnership announcements that shape Prairie Operating Co.'s position in North American energy markets.
Prairie Operating Co. (Nasdaq: PROP) announced the commencement of its initial drilling program in August 2024. The development will take place on the recently acquired Shelduck South site, which spans 1,280 mineral acres targeting the Niobrara B and C formations. The project will involve drilling eight two-mile lateral wells using a Precision Drilling rig capable of operating on electric line power and equipped with natural gas generators and battery assist to minimize emissions. Prairie expects the wells to be drilled, completed, and turned to production by Q4 2024. CEO Ed Kovalik highlighted the alignment of this development with the company’s and Colorado's emission reduction commitments.
Prairie Operating Co. (Nasdaq: PROP) will join the Russell 3000® Index at the start of US equity markets on July 1, 2024, following the annual reconstitution of the Russell US Indexes.
This inclusion reflects the company's growth strategies and progress, enhancing its visibility and broadening its investor base. The Russell 3000® Index captures the 4,000 largest US stocks, ranked by market capitalization, and membership lasts for one year.
This also means automatic inclusion in either the Russell 1000® or Russell 2000® Index. FTSE Russell, a global index provider, manages the indexes, with $10.5 trillion in assets benchmarked against them as of December 2023.
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