Prairie Operating Co. Reports Year-End 2025 Proved Reserves & Exit Rate Production

Core Viewpoint - Prairie Operating Co. has reported its year-end proved reserves evaluation, highlighting a total of 121 million barrels of oil equivalent (MMBoe) with a present value of $1,220 million at SEC pricing as of December 31, 2025, and an exit rate production of approximately 28,000 barrels of oil equivalent per day [1][2][3]. Reserves Evaluation - The independent evaluation of proved reserves was conducted by Cawley, Gillespie & Associates, Inc., with an effective date of December 31, 2025, and it adheres to SEC guidelines [3][4]. - Prairie's total proved reserves consist of 60 million barrels of oil, 195 billion cubic feet of natural gas, and 29 million barrels of natural gas liquids, totaling approximately 121 MMBoe, with 68 MMBoe classified as proved developed and 53 MMBoe as proved undeveloped [4][5]. Production and Financial Metrics - The company's operated and non-operated production at year-end 2025 was approximately 28,000 barrels of oil equivalent per day, reflecting the strength of its producing asset base [5]. - Estimated future net cash flows before federal income taxes attributable to total proved reserves were approximately $2,414 million, with a PV-10 value of approximately $1,220 million, of which about $860 million (71%) is attributable to proved developed reserves [7]. Pricing and Realized Prices - As of December 31, 2025, SEC pricing was $65.34 per barrel of oil and $3.387 per MMBtu of natural gas, leading to net realized prices of $62.99 per barrel of oil, $0.797 per Mcf of natural gas, and $18.56 per barrel of NGLs over the life of the proved properties [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 Denver-Julesburg (DJ) Basin, particularly in the Niobrara and Codell formations [11].