A downtrend has been apparent in Prairie Operating Co. (PROP) lately with too much selling pressure. The stock has declined 35.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicato ...

Core Viewpoint - Prairie Operating Co. has launched an 11-well development program at the Rusch Pad in Weld County, Colorado, as part of its strategy to expand production and enhance operational efficiencies in the DJ Basin [1][3]. Development Program - The Rusch Pad development will consist of eleven two-mile lateral wells, alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone, with drilling expected to be completed by early June and initial production anticipated in early August [2][3]. - Hydraulic fracturing will commence shortly after drilling completion, and to minimize environmental impact, the company will utilize Precision's E-rig 461, which is powered by natural gas generators with battery backup [2]. Strategic Importance - The Rusch Pad development is a significant step in Prairie's growth strategy following the acquisition of Bayswater assets, which has expanded the company's position in the DJ Basin [3]. - The company is focused on integrating these new assets, capturing operational efficiencies, and executing its development program to drive production growth and cash flow generation [3]. Company Overview - Prairie Operating Co. is an independent energy company based in Houston, engaged in the development and acquisition of oil and natural gas resources in the United States, primarily in the DJ Basin [4]. - The company focuses on the Niobrara and Codell formations and is committed to responsible resource development while maximizing returns through consistent growth and capital discipline [4].

Core Insights - Bayswater Exploration and Production has successfully closed a sale of certain DJ Basin assets to Prairie Operating Co. for approximately $603 million in cash and stock [1][2] - The transaction includes the acquisition of around 24,000 leased acres, 300 horizontal wells producing 27,500 barrels of oil equivalent per day, and a saltwater disposal system [2] - Following the sale, Bayswater will retain 70 horizontal wells producing approximately 18,000 BOED and is committed to continuing operations in Colorado [3] Company Overview - Bayswater is a privately held oil and natural gas development company with operations in Colorado and Texas, focusing on responsible energy development and minimizing environmental impacts [4] - The company has been operating in the DJ Basin for 16 years and aims to rebuild its Colorado footprint in the coming years [3]

Company Overview - Prairie Operating Co. (PROP) is an independent oil and gas company based in Houston, focusing on acquiring and developing assets in the DJ Basin, particularly in the Niobrara and Codell formations [2] - The company benefits from its strategic location near major industry players like Chevron and Occidental Petroleum, which allows for efficient permitting and drilling processes [2] Recent Performance and Acquisition - Prairie Operating has experienced a 39% decline in stock price over the past six months, reaching a 52-week low of $4.50 [1] - The company made a significant acquisition of Bayswater's DJ Basin assets for $602.75 million, adding 24,000 net acres and 26,000 barrels of oil equivalent per day (BOE/d) in production [3] Production Growth Targets - Prairie Operating aims for a production increase to 7,000-8,000 BOE/d by 2025, representing a 300% increase from the previous year [8] - Post-acquisition, production is expected to rise to 29,000-31,000 BOE/d, positioning the company as a major player in the DJ Basin [8] Earnings Growth Expectations - The Zacks Consensus Estimate predicts a 327.6% increase in earnings for 2025, with analysts revising their earnings forecast from $2.44 per share to $4.78 over the past 60 days [10] - Projected net income for 2025 is between $69 million and $102 million, with adjusted EBITDA expected to jump to $350-$370 million post-acquisition [11] Operational Efficiencies - Prairie Operating plans to optimize costs and enhance production efficiency by leveraging existing midstream infrastructure and multi-well pad drilling strategies [12] - The focus on high-return oil formations ensures strong margins and rapid payback periods, with some wells expected to recover costs in less than a year [12] Financial Outlook - The company has expanded its credit facility to $475 million, providing sufficient liquidity for aggressive expansion while maintaining a manageable leverage ratio of 1.0x [11] - Capital expenditures are projected to rise significantly, with planned spending between $300 million and $320 million in 2025 [13]

Core Insights - Prairie Operating Co. has successfully closed a $602.75 million acquisition of certain assets in the Denver-Julesburg Basin, significantly enhancing its operational footprint and production capabilities [1][4][5] - The acquisition adds approximately 55,000 net acres and increases average daily production by about 25,700 net BOEPD, with a substantial uplift expected in 2025 production, revenue, and adjusted EBITDA [1][4][12] - The transaction is expected to be immediately accretive to per-share cash flow metrics while maintaining a strong balance sheet with an anticipated leverage ratio of around 1.0x at closing [12] Transaction Highlights - The acquired assets contribute 77.9 million barrels of oil equivalent (MMBOE) in proved reserves, with an estimated PV-10 value of $1.1 billion [4] - The acquisition is positioned to create meaningful value for shareholders and reinforce Prairie's commitment to long-term shareholder value [4][12] - The transaction was funded through a combination of preferred stock issuance, common stock public offering, and a draw on an expanded credit facility [5][6] Company Overview - Prairie Operating Co. is an independent energy company based in Houston, focused on the development and acquisition of oil and natural gas resources in the U.S., particularly in the DJ Basin [7] - The company aims to maximize returns through consistent growth, capital discipline, and sustainable cash flow generation [7]

Investors rarely get the chance to invest in a company right before a game-changing transformation, but that’s exactly what’s happening with Prairie Operating Co. (PROP) Zacks Rank #1 (Strong Buy). With oil prices firming up and Prairie’s landmark acquisition of Bayswater, the company is set to increase daily production nearly tenfold, creating one of the most compelling growth opportunities in the energy sector today.Beyond the operational upside, Prairie’ssmart financing structure minimized dilution to co ...

Core Viewpoint - Prairie Operating Co. announced a public offering of $38.5 million in common stock at a price of $4.50 per share, with an option for underwriters to purchase additional shares valued at $5.8 million [1][2]. Group 1: Offering Details - The net proceeds from the common stock offering are expected to be approximately $35.4 million, or $40.8 million if the underwriters fully exercise their option [2]. - The offering is set to close on March 26, 2025, pending customary closing conditions [4]. - Citigroup is the lead book-running manager for the offering, with several other firms acting as joint and co-managers [4]. Group 2: Use of Proceeds - The proceeds from the common stock offering will be used to fund a portion of the purchase price for the acquisition of oil and gas assets from Bayswater Exploration and Production [3]. - Remaining proceeds will be allocated for general corporate purposes, which may include advancing development and drilling programs, repaying existing debt, or financing other acquisition opportunities [3]. Group 3: Company Overview - Prairie Operating Co. is an independent oil and gas company focused on acquiring and developing crude oil, natural gas, and natural gas liquids, primarily in the Denver-Julesburg Basin [7]. - The company emphasizes responsible development and aims to maximize returns through consistent growth and sustainable cash flow generation [7].

HOUSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (“Prairie,” the “Company,” “we” or “our”) (Nasdaq: PROP), an independent oil and gas company focused on the acquisition and development of crude oil, natural gas and natural gas liquids, announced today that it has entered into a Securities Purchase Agreement with a certain investor, pursuant to which the Company agreed to issue and sell, in a registered public offering by the Company directly to such investor (the “Preferred Stock Offering”) ...

HOUSTON, Texas, March 11, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), today announced the promotion, effective April 1st, of Gregory S. Patton to Chief Financial Officer. Mr. Patton, who joined Prairie last year as Executive Vice President of Commercial Development, brings over 15 years of industry experience with a strong background in corporate finance, accounting, and capital markets. Prior to joining Prairie, Mr. Patton served as Senior Vice President of C ...

Production and Sales - Production volumes for 2024 include 96 MBbls of oil, 245 MMcf of natural gas, and 33 MBbls of NGL, totaling 170 MBoe[92] - Average sales prices for 2024 are $68.60 per MBbl for oil, $2.25 per MMcf for natural gas, and $24.03 per MBbl for NGL, with an average price of $46.70 per MBoe[92] - The company completed 8 development wells in 2024, with a net of 6.33 wells[95] - As of December 31, 2024, the company has 8 productive wells, all of which are operated[98] Land and Acreage - The company owns 36,895 gross acres and 23,769 net acres, with 15,810 net acres (66%) potentially expiring in the next three years if production is not established[100] Customer Concentration - The company’s two largest customers accounted for approximately 80% and 15% of oil, natural gas, and NGL revenues in Q4 2024[106] Delivery Commitments - The company has no delivery commitments as of December 31, 2024[107] Risk Management - The company engages in derivative contracts to hedge against price volatility in oil and natural gas, aiming to mitigate cash flow impacts[105] - International events have contributed to price volatility in oil and natural gas, affecting the company's operations and cash flows[109] Regulatory Compliance - The company believes it is in substantial compliance with applicable laws and regulations, although future changes could impact operations and costs[112] - The production of oil, natural gas, and NGLs is regulated by various local, state, and federal statutes, which include requirements for permits, bonding, and operational reports[115] Taxes and Fees - Colorado imposes a production or severance tax on the production and sale of oil, natural gas, and NGLs, which can affect overall profitability[115] Transportation Regulation - The Federal Energy Regulatory Commission (FERC) regulates interstate transportation rates for crude oil and natural gas, ensuring that tariff rates are just and reasonable[118] - FERC has the authority to impose civil penalties of up to $1,000,000 per day for violations of the Natural Gas Act, with adjustments for inflation[126] Waste Management and Environmental Regulations - The Resource Conservation and Recovery Act (RCRA) regulates the management of hazardous and nonhazardous wastes, which may impact operational costs[137] - The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) imposes joint and several liability for hazardous substance releases, potentially leading to significant cleanup costs[138] - The Clean Water Act (CWA) imposes strict controls on pollutant discharges into U.S. waters, requiring permits from the EPA or state agencies[140] - The Oil Pollution Act of 1990 establishes liability for oil spills, mandating responsible parties to develop response plans and conduct annual spill training[142] - Underground Injection Control (UIC) program regulates the disposal of produced water, with potential changes in regulations affecting operational costs[143] - The Clean Air Act (CAA) requires compliance with air emissions standards, which may delay project development due to permitting requirements[145] - New Source Performance Standards (NSPS) for methane and VOC emissions were finalized, requiring states to develop plans for existing sources within two years[146] Climate and Emissions Regulations - The SEC's final rule mandates climate-related risk disclosures for public companies, with large accelerated filers required to report GHG emissions starting in fiscal year 2025[151] - The Inflation Reduction Act of 2022 includes a methane emissions charge, starting at $900 per metric ton in 2024, potentially increasing operational costs[153] - Recent regulations may lead to increased costs for compliance with GHG emissions reporting and permitting obligations, affecting profitability[154] State-Specific Regulations - The Colorado Energy Commission has approved new rules affecting wellbore integrity and waste management, which may impact operational practices[163] - Colorado Senate Bill 19-181 (SB 181) significantly changed regulations, requiring more than 45% consent from mineral interest owners for pooling, and instituting a 16% royalty on oil and a 13% royalty on gas production[164] - Local governments now have greater control over oil and gas facility siting, which may lead to stricter regulations and increased operational costs[165] - The CECMC has implemented new rules affecting facility siting, cumulative impacts, and wellbore integrity, potentially increasing well costs and delaying drilling permits[167] - New rules adopted by the CDPHE aim to minimize methane and other emissions, increasing inspection frequencies and regulatory authority over oil and gas facilities[168] - On December 20, 2024, the CDPHE introduced rules requiring midstream operators to capture hydrocarbon emissions, which may raise costs for the industry[169] Operational Efficiency - The permit approval process for new multi-well pads can take between 90 to 150 days, followed by a 30-day public comment period[171] Employment and Office Space - As of December 31, 2024, the company employed 19 full-time employees and has not experienced any work stoppages[177] - The company has leased office space in Houston, Texas, and Denver, Colorado, for its operations[178] Stock Information - The company's common stock is listed on the Nasdaq Capital Market under the symbol "PROP"[182]