Prairie Operating Co. Kicks Off Exciting Shelduck South Project
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Prairie Operating Co. Begins Shelduck South Development
Prairie Operating Co. (Nasdaq: PROP) has officially spud its first well at Shelduck South using Precision E-Drilling Rig 461, marking an important milestone in the company’s development project. With operations based out of Houston, Prairie is embarking on this endeavor in Weld County, Colorado, which is set to expand its footprint in the energy sector.
Project Overview and Expectations
The Shelduck South initiative will involve drilling eight lateral wells, each stretching two miles, which will alternate between the Niobrara B and C Chalks formations. Prairie anticipates completing the drilling of these wells by late October. Following this, hydraulic fracturing is projected to begin in early November, with the company aiming to start production by the end of December.
Sustainable Practices in Development
Prairie Operating Co. is committed to minimizing its environmental footprint throughout this project. To achieve this, the company will utilize Precision's E-rig 461, which is powered by natural gas generators that include a battery backup. Furthermore, Prairie plans to fully electrify the Shelduck South production facilities with line power, reinforcing its dedication to sustainable energy practices.
Genesis Bolt-on Assets and Future Growth
This project is part of Prairie’s Genesis Bolt-on Assets, which spans approximately 1,280 mineral acres. It represents a significant step in Prairie's development strategy and efforts to boost production. As the company pushes forward, it remains focused on responsible resource development, particularly in the oil and natural gas-rich regions of the DJ Basin.
Prairie Operating Co.'s Commitment
As an independent energy company, Prairie is deeply involved in acquiring and developing oil and gas resources throughout the United States. Its assets are primarily located in the DJ Basin, particularly targeting the Niobrara and Codell formations. The company's strategy revolves around maximizing returns while maintaining a strong emphasis on sustainable practices and responsible resource management.
Contact Information
For any inquiries regarding this development or investments, interested parties can contact Prairie Operating Co. directly. Wobbe Ploegsma serves as the point of contact for all investor relations. Reach out via email at wp@prairieopco.com or by phone at 832.274.3449.
Frequently Asked Questions
What is Prairie Operating Co.'s latest project?
The latest project is the Shelduck South development, involving the spud of its first well in Weld County, Colorado.
What are the environmental initiatives Prairie is implementing?
Prairie is using an electrically powered drilling rig and plans to fully electrify production facilities, minimizing environmental impact.
How many wells will be drilled in the Shelduck South project?
A total of eight two-mile lateral wells will be drilled in this project, targeting the Niobrara B and C Chalks formations.
When does Prairie expect to start production?
The company anticipates starting production by late December after completing hydraulic fracturing in early November.
How can investors contact Prairie Operating Co.?
Interested investors can reach out to Wobbe Ploegsma via email at wp@prairieopco.com or call 832.274.3449 for inquiries.
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