Prairie Operating Co

prairieopco.com

Prairie Operating Co. (NASDAQ: PROP) is an independent oil and natural gas exploration and production company focused on the acquisition and development of crude oil, natural gas, and natural gas liquids (NGLs). Revenue comes from the sale of oil, natural gas, and NGLs produced from its operated acreage. The company's assets and operations are concentrated in Weld County, Colorado, within the Denver-Julesburg Basin (DJ Basin), a region that produced 83% of Colorado's oil output as of December 2025. The company pursues growth through both organic drilling and acquisitions, targeting assets with producing reserves, high-rate-of-return drilling inventory, and liquids-rich characteristics. As of March 3, 2026, the company is operating under interim leadership after the voluntary resignation of CEO Edward Kovalik and retirement of President Gary C. Hanna, with Richard N. Frommer serving as Interim President and CEO while a permanent replacement is sought.