Prairie Operating Co. Launches Shelduck South Development
Prairie Operating Co. (Nasdaq: PROP) has officially begun drilling its first well at Shelduck South, utilizing Precision E-Drilling Rig 461. This marks a significant milestone in the company's development project. Based in Houston, Prairie is undertaking this venture in Weld County, Colorado, as part of its strategy to enhance its presence in the energy sector.
Overview of the Project and Anticipated Timeline
The Shelduck South initiative entails the drilling of eight lateral wells, each extending two miles, with plans to alternate between the Niobrara B and C Chalks formations. Prairie expects to finish drilling these wells by late October. Following this phase, hydraulic fracturing is set to commence in early November, with production targeted to begin by the end of December.
Commitment to Sustainable Development Practices
Prairie Operating Co. is dedicated to reducing its environmental impact throughout this project. To this end, the company will employ Precision's E-rig 461, which operates on natural gas generators equipped with battery backups. Additionally, Prairie aims to fully electrify the Shelduck South production facilities using line power, further emphasizing its commitment to sustainable energy practices.
Genesis Bolt-on Assets and Future Expansion
This initiative is part of Prairie’s Genesis Bolt-on Assets, covering roughly 1,280 mineral acres. It represents a crucial advancement in Prairie's development strategy and efforts to increase production. As the company progresses, it remains focused on responsible resource development, particularly in the oil and natural gas-rich areas of the DJ Basin.
Prairie Operating Co.'s Ongoing Commitment
As an independent energy company, Prairie is actively engaged in acquiring and developing oil and gas resources across the United States. Its assets are mainly situated in the DJ Basin, with a focus on the Niobrara and Codell formations. The company's approach centers on maximizing returns while prioritizing sustainable practices and responsible resource management.
Contact Information
For any inquiries related to this development or investment opportunities, interested individuals can reach out directly to Prairie Operating Co. Wobbe Ploegsma is the designated contact for all investor relations. You can email at wp@prairieopco.com or call 832.274.3449.
Frequently Asked Questions
What is Prairie Operating Co.'s latest project?
The latest project is the Shelduck South development, which includes the spudding of its first well in Weld County, Colorado.
What environmental initiatives is Prairie implementing?
Prairie is utilizing an electrically powered drilling rig and plans to fully electrify its production facilities to minimize environmental impact.
How many wells will be drilled in the Shelduck South project?
A total of eight two-mile lateral wells will be drilled, targeting the Niobrara B and C Chalks formations.
When does Prairie expect to start production?
The company anticipates beginning production by late December, following the completion of hydraulic fracturing in early November.
How can investors contact Prairie Operating Co.?
Interested investors can contact Wobbe Ploegsma via email at wp@prairieopco.com or by calling 832.274.3449 for any inquiries.
