Prairie Operating (PROP) Launches Development Program

Prairie Operating Co. (Nasdaq: PROP) today announced plans to commence its initial drilling program in August 2024, starting with an 8-well pad on the recently acquired bolt-on acquisition, “Shelduck South”.

The Shelduck South development will consist of eight two-mile lateral wells across 1,280 mineral acres, targeting the Niobrara B and C formations. The Company has contracted a drilling rig from Precision Drilling and secured various oil field service providers to perform all drilling and completion operations. The Precision drilling rig is capable of operating on electric line power and is equipped with natural gas generators with battery assist to minimize emissions.

"We are excited to commence our drilling program at Shelduck South in August," stated Ed Kovalik, Chairman and CEO of Prairie Operating Co. "This development not only underscores our strategic growth initiatives but also aligns with Prairie's and the state of Colorado's commitment to minimizing emissions in the development of its oil and gas resources.”

Prairie anticipates the wells will be drilled, completed, and turned to production in Q4 2024.

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