0.37
-4.47%
Close of 9 Nov 2026, in USD
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About Prairie Operating
From its filings with the US Securities and Exchange Commission
Prairie Operating is based in Houston, Texas and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PROP. The SEC classifies its business as crude petroleum & natural gas. In the fiscal year to 31 December 2024, it reported revenue of $7.9m.
Colorado’s energy economy, having produced 83% of Colorado’s oil production as of December 2025.
Production, LLC (collectively, “Bayswater”) in March 2025, and from Edge Energy II LLC (“Edge Energy”) in July 2025 and the majority of our Genesis Assets were acquired in 2023.
Maximize returns and capital efficiency. We plan to utilize the latest technology in 3–D seismic mapping and geo–steering to decrease drill times and improve well results.
Additionally, our management’s extensive experience allows us to deploy the latest drilling and completion methodologies and apply the industry best practices to increase overall estimated ultimate recovery versus prior generation wells.
In July 2025, we entered into an agreement to acquire certain assets from Edge Energy for a total purchase price of $12.5 million payable in cash, subject to certain closing adjustments (the “Edge Acquisition”).
Regulation S–X, Rule 4–10, and do not include probable or possible reserves. All of our proved reserves presented below are located in the DJ Basin.
As of December 31, 2025, our estimated proved reserves are 121.1 MMBoe, which are primarily comprised of 95.3 MMBoe reserves acquired during the year ended December 31, 2025 and revisions to previous reserve estimates of 6.4 MMBoe.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 4 Feb 2010
- Employees
- 19
- Website
- propell.com ↗
- Head office
- 55 WAUGH DRIVE, HOUSTON, TX, 77007
- Incorporated in
- DE
- Classification
- Crude Petroleum & Natural Gas
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Edward KovalikChairman of the Board, Chief Executive Officer, since 2023$3.9m
- Mr. Gary HannaPresident, Director, since 2023$3.9m
- Mr. Gregory PattonChief Financial Officer, Executive Vice President
- Mr. Daniel SweeneyExecutive Vice President, General Counsel, Company Secretary
- Mr. Bryan FreemanExecutive Vice President - Operations
- Mr. Gizman AbbasIndependent Director$250,000
- Mr. Richard FrommerIndependent Director$110,870
- Mr. Jonathan GrayIndependent Director$250,000
- Mr. Stephen LeeIndependent Director$250,000
- Mr. Erik ThoresenIndependent Director$250,000
- Mr. Wobbe PloegsmaIR Contact Officer, since 2023
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 10
- Environment
- 2
- Social
- 15
- Governance
- 12
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Prairie Operating Co focuses on Plasma Pulse Technology for oil production with no acidization or hydrofracking.
- Prairie Operating Co employs 19 full-time employees in Houston, Texas, supporting renewable energy operations.
- Prairie Operating Co's Plasma Pulse Technology is suitable for oil wells up to 12,000 feet deep.
Weaknesses
- Prairie Operating Co has only 19 employees, which may limit operational capacity.
- Prairie Operating Co's business is limited to the Plasma Pulse Technology segment in the Energy sector.
- Prairie Operating Co's subsidiaries Novas Energy USA and NENA manage oil production using Plasma Pulse Technology.
Opportunities
- Prairie Operating Co can expand its Plasma Pulse Technology to more oil wells in the US Energy sector.
- Prairie Operating Co can leverage its technology for renewable energy applications in the US market.
- Prairie Operating Co can grow its presence in the Energy sector through partnerships.
Threats
- Prairie Operating Co faces competition from traditional oil recovery methods in the Energy sector.
- Prairie Operating Co's reliance on Plasma Pulse Technology may limit diversification in the Energy industry.
- Prairie Operating Co's small employee count of 19 may hinder growth in a competitive market.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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