Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.

HOUSTON, TX, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (NASDAQ:PROP) (the "Company" or "Prairie") today announced it has entered into a multi-year Reserve-Based Lending ("RBL") credit facility. The RBL facility, arranged with Citibank, N.A. ("Citi"), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions. "This facility enhances our financial flexibility and accelerates our development plans," said Edward Kovalik, Chairman a ...