Prairie Operating Co. Advances with Shelduck South Pad Success
Prairie Operating Co. Announces Successful Shelduck South Pad Completion
Prairie Operating Co. (Nasdaq: PROP) has recently achieved a remarkable milestone with the timely completion of its Shelduck South pad in the DJ Basin. This accomplishment marks the successful culmination of the first phase of its development program for 2025, aiming for all production to be fully operational early in the year.
Significance of the Shelduck South Pad Development
According to Edward Kovalik, the Chairman and CEO of Prairie Operating Co., the successful launch of the Shelduck South pad is a clear reflection of the dedication and hard work put forth by the team. He emphasized that this progress represents a key advancement in the company’s strategy for growth. As Prairie continues to make acquisitions, it also seeks to capitalize on the potential of its high-quality assets, ensuring long-term value for stakeholders.
Technology and Future Projects
The technology utilized for the Shelduck South pad is at the forefront of modern drilling and completion practices. It demonstrates Prairie's commitment to sustainability and efficiency through electrified operations. Following the completion of this pad, Prairie is shifting its attention toward recently acquired acreage from Nickel Road Operating (NRO), along with the development of additional pads named Noble, Rusch, and Genesis. These initiatives are set to expand Prairie’s production footprint further within the DJ Basin.
About Prairie Operating Co.
As an independent energy company based in Houston, Prairie Operating Co. is publicly traded and engaged in the exploration and development of oil and natural gas resources across the United States. The company's operations are primarily concentrated in the oil-rich regions of the Denver-Julesburg Basin, specifically in the Niobrara and Codell formations. Prairie is steadfast in its commitment to responsible resource development, aiming for sustainable growth and cash flow while maintaining capital discipline.
Investor Relations and Contact Information
Investors looking to learn more about Prairie Operating Co.'s operations and updates can reach out to their investor relations team. The company is accessible via email at info@prairieopco.com or by phone at 832.274.3449. Your inquiries will be promptly addressed by Wobbe Ploegsma, who is part of their investor relations team.
Frequently Asked Questions
What is the Shelduck South pad?
The Shelduck South pad is the first phase of Prairie Operating Co.'s 2025 development program, highlighting their expansion in the DJ Basin.
What technology is used in the development?
Prairie utilizes electrified drilling and completion technologies to promote sustainability and efficiency in their operations.
How many wells are included in the Shelduck South pad?
The initial phase of the project consists of eight wells that have been completed on schedule.
What are Prairie's future plans following this completion?
After the Shelduck South pad, Prairie plans to focus on the development of additional pads and the newly acquired NRO acreage to enhance their production capacity.
How can investors contact Prairie Operating Co.?
Investors can contact Prairie Operating Co. via email at info@prairieopco.com or call 832.274.3449 for inquiries.
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