PROP

Prairie Operating Co. (PROP) operates as an independent oil and natural gas exploration and production company focused on the acquisition, development, and production of unconventional resources in the United States. Headquartered in Houston, Texas, the company concentrates its operations primarily in the DJ Basin of Colorado and the Permian Basin of West Texas, two of North America's most prolific hydrocarbon-producing regions. PROP's business model centers on acquiring non-operated working interests in horizontally drilled wells, allowing the company to participate in development activities while avoiding the capital intensity and operational responsibilities of well operations. The company maintains a diverse portfolio of approximately 1,000 wells across its core operating areas, generating production from established oil and gas formations. PROP operates with a lean organizational structure, employing fewer than 20 people while leveraging relationships with experienced operators to drive production growth. The company's strategy emphasizes disciplined capital allocation, focusing on accretive acquisitions of producing and development-stage assets in proven basins. Recent activities include expanding its footprint through strategic acquisitions in both the DJ and Permian basins, enhancing its production base and inventory of development locations. As a non-operator, PROP benefits from reduced overhead costs and operational risk while maintaining exposure to upside potential from drilling activities conducted by its operating partners.