Electrifying Frac Operations: Prairie Operating's New Alliance

Revolutionizing Frac Operations with Electric Technology

In a groundbreaking move towards sustainable energy practices, Prairie Operating Co. (NASDAQ: PROP) has partnered with ProFrac Holding Corp. (NASDAQ: ACDC) to introduce an innovative electric frac fleet in Colorado. This collaboration is a significant milestone, featuring a state-of-the-art lineup of 25 advanced 3000 HHP Single E-Pumps, designed to fully electrify hydraulic fracturing and pump down operations.

Initial Operations and Commitment to Sustainability

Prairie is set to kick off initial frac operations from its recently developed 8-well Shelduck pad, thus positioning itself at the forefront of green energy initiatives. Edward Kovalik, the Chairman and CEO, expressed enthusiasm about this partnership, emphasizing the commitment to reducing emissions through innovative technology. He noted the importance of transitioning to an all-electric fleet, which not only enhances operational capabilities but also significantly lessens their environmental footprint.

Key Leadership Perspectives

Matt Wilks, Executive Chairman of ProFrac, echoed a similar sentiment regarding the collaboration. He stated that their advanced technologies support not only Prairie's electrification vision but also reinforce ProFrac’s substantial footprint in the Rockies. The partnership signifies an essential step for both companies, towards becoming leaders in sustainable operational practices in the energy sector.

Features of the New Electric Fleet

The electric frac fleet will utilize not only advanced E-Pumps but also cutting-edge electric blender units, hydration systems, and chemical additive units, powered entirely by 100% natural gas. This transition marks a pivotal shift away from traditional diesel-powered operations, aligning with modern industrial practices focused on sustainability.

Innovative Power Solutions

To fully support this new electric fleet, Prairie will employ advanced turbine generators, including two new Solar – SMT130 Mobile Gas Turbines. These turbines each hold the capability to generate 16.5 MWe ISO, enhancing the energy supply while maintaining high standards of emission controls.

Emphasis on Compliance with Emission Standards

Prairie Operating Co. is dedicated to adhering to Colorado’s stringent emissions standards through the incorporation of ProFrac’s innovative power generation solutions. The Solar – SMT 130 Mobile Gas Turbines are expected to significantly curtail emissions, consistently achieving targets set by the Air Quality Control Commission.

Commitment to Innovation in the Energy Sector

This partnership between Prairie and ProFrac highlights both companies’ dedication to innovation, setting new standards for responsible and efficient hydraulic fracturing practices. The shift to electric operations encapsulates a modern approach towards energy production, considering both operational efficiency and environmental sustainability.

About Prairie Operating Co.

Prairie Operating Co. is a publicly traded independent energy company based in Houston. The company specializes in the development and acquisition of oil and natural gas resources across the United States, with a strategic focus on the Denver-Julesburg (DJ) Basin. Prairie aims to maximize returns through responsible resource management, sustainable practices, and continuous growth.

About ProFrac Holding Corp.

ProFrac Holding Corp. stands as a technology-driven energy services holding company, engaged in providing hydraulic fracturing and complementary services to premier upstream oil and natural gas companies. ProFrac aims for operational excellence through the adoption of innovative technologies and a strong commitment to sustainability.

Frequently Asked Questions

What is the purpose of the partnership between Prairie and ProFrac?

The partnership focuses on implementing an electric frac fleet to enhance operational efficiency and reduce environmental impact in Colorado.

What technologies are being utilized in the new electric frac fleet?

The fleet will feature 25 advanced 3000 HHP Single E-Pumps, electric blender units, hydration systems, and chemical additive units, all powered by natural gas.

How does this partnership align with sustainability goals?

The transition to an electric fleet significantly reduces emissions and supports compliance with stringent environmental standards, showcasing a commitment to sustainability.

Where will the initial operations take place?

Initial frac operations will commence at the recently drilled 8-well Shelduck pad in Weld County, Colorado.

What is the operational significance of the upcoming solar gas turbines?

The Solar – SMT130 Mobile Gas Turbines will generate 16.5 MWe, supporting the electric fleet while adhering to emissions targets required by regulatory standards.

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