Key Takeaways Prairie Operating Co. uses grid-powered rigs and eFleet tech to slash diesel use and emissions. PROP targets zero-flaring with enclosed combustors and methane-free pneumatic systems. Emission-cutting is built into PROP's strategy, supporting efficiency, compliance, and investor appeal.DJ Basin operator Prairie Operating Co. (PROP) is quietly redefining environmental responsibility in the oil and gas industry. Their operations are designed from the ground up with a minimal emission footprint. ...

Off-Market Transaction Adds Existing Production, Tier-One Inventory, and Immediate Development OpportunitiesHouston, TX, July 02, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the acquisition of certain assets from Edge Energy II LLC (“Edge Energy”) in an off-market transaction for $12.5 million in cash, fu ...

Key Takeaways Prairie Operating is scaling fast in the DJ Basin with key acquisitions and expects output to triple in 2025. Flotek has shifted to high-margin, recurring analytics contracts and posted 244% net income growth in Q1. Flotek's stock surged 214% in a year, while PROP fell 66%, reflecting confidence in Flotek's strategy.If you’re an investor looking to bet on small-cap energy stocks, both Prairie Operating Co. (PROP) and Flotek Industries (FTK) offer intriguing but very different opportunities. ...

Key Takeaways Prairie Operating Co. is leveraging cost control and capital-light drilling to scale in the DJ Basin. PROP uses vertical integration and in-basin logistics to lower input costs and avoid supply delays. PROP holds 157 permits and over 586 gross locations, supporting scalable growth in the DJ Basin.Prairie Operating Co. (PROP) is building its growth strategy around disciplined cost control, a focus that’s quickly becoming one of its most important competitive advantages in the DJ Basin. The co ...

纪要涉及的公司和行业 - 公司：Prairie Operating Company（PROP） - 行业：石油和天然气行业 核心观点和论据 公司优势 - **资产与区位优势**：公司资产全部位于北科罗拉多州的DJ盆地，拥有约6.5万英亩毛地和4.75万英亩净地，周边有雪佛龙和西方石油等知名运营商；有超550个已确定的开采地点和约三年的许可地点，开发跑道长[3][4][5]。 - **成本优势**：与其他主要生产盆地相比，DJ盆地的勘探、开发和生产成本更低，且产量下降幅度较小；通过拆分成本、引入有经验的运营人员等策略，进一步降低成本，目标是将完井成本降至500万美元以下[6][7][8]。 - **财务策略优势**：财务策略是拆分成本，保持约1的杠杆比率，比行业更保守；有活跃的套期保值计划，2025年对80%的产量进行了套期保值，锁定了安全的现金流[7][9][10]。 - **环保与技术优势**：公司生产的分子清洁，得益于技术和科罗拉多州的监管环境，不能燃烧天然气，且采用了电动车队、涡轮动力压裂钻机等技术，符合严格的排放和环境法规[13][14]。 增长策略 - **有机增长**：通过钻井实现有机增长，有一个钻机项目，每年可钻约60口井，平均每口井用时4.5 - 5天，预计在勘探与生产（E&P）领域实现两位数的有机增长[18][23]。 - **并购增长**：积极进行增值收购，已完成对Bayswater价值超6亿美元的收购，有价值约20亿美元的潜在收购机会；目标是将私人市场的资产以较低估值收购并带入公开市场，利用市场周期实现价值提升[5][20][22]。 市场与估值 - **市场环境**：能源行业在标准普尔500指数中权重较低、不受青睐且被低估，当前是在资产估值低迷时进行收购的机会窗口；随着市场周期变化，能源行业有望重新获得资金配置，公司估值将提升[48][49]。 - **估值比较**：公司从私人市场收购资产的估值低于2倍EBITDA，而公开市场的可比公司估值为3倍EBITDA，大型企业为10 - 11倍EBITDA [48][49]。 资本分配 - **2025年**：预计资本支出（CapEx）预算约为3.0325亿美元，可通过生产自给自足；优先用于继续钻井和内部生产，以增加产量[36]。 - **2026年**：开始考虑向股东返还资本，可能通过股息的形式；也会根据股价和估值情况考虑股票回购[35][36]。 其他重要内容 - **管理层经验**：管理团队在不同盆地有丰富经验，CEO Ed Kovalik有近三十年行业经验，CFO Greg Patton在DJ盆地有丰富经验，Brian Freeman在全球各地有钻井经验[26][27]。 - **运输能力**：已确保100%的运输能力，可将每天10万桶当量的石油运出盆地，且无最低运输量承诺，这使公司成为潜在卖家的首选买家[32]。 - **融资情况**：有10亿美元的储备基贷款（RBL）安排，由花旗银行牵头，美国银行加入银团；收购Bayswater时，从RBL中提取了超3亿美元，还有一位投资者提供了1.5亿美元的优先股投资和5000万美元的普通股投资[41][53][54]。

文章核心观点 - 草原运营公司宣布与花旗银行重申多年期基于储备的贷款（RBL）信贷安排，增强了财务灵活性，支持其在丹佛 - 朱尔斯堡盆地的发展活动和增长机会 [1][3] 公司情况 - 草原运营公司是一家总部位于休斯顿的上市独立能源公司，专注于美国石油和天然气资源的开发与收购，资产和业务集中在丹佛 - 朱尔斯堡盆地的富油和富液区域，主要关注尼奥布拉拉和科德尔地层 [4] 信贷安排情况 - 公司基于储备的信贷安排在半年期重新确定后得到重申，借款基数为4.75亿美元，最大信贷规模为10亿美元，到期日为2029年3月26日 [2] - 美国银行和西德克萨斯国民银行加入贷款银团，该银团还包括花旗银行、KeyBank国家协会、三菱日联金融集团银行、Truist银行、UMB银行和麦格理银行，进一步拓展了公司的银行关系并加强了其资本获取渠道 [3] 公司管理层观点 - 董事长兼首席执行官表示，借款基数的重申以及新银行加入银团，凸显了贷款人对公司资产基础和执行战略的信心，该信贷安排增强了公司的财务灵活性，支持其在丹佛 - 朱尔斯堡盆地的发展活动和增值增长机会 [3]

Key Takeaways Prairie insiders bought 175K shares as Citi initiated coverage with a Buy rating and $8 price target. PROP's $602M Bayswater deal boosts output significantly and adds 600 drilling sites in Colorado's DJ Basin. Despite bold growth plans, PROP faces dilution, execution risk, and weak cash flow.Prairie Operating Co. (PROP) has captured investor attention in recent days, driven by a surge in insider buying and a fresh endorsement from Wall Street heavyweight Citi. Over the past two weeks, the co ...

Prairie Operating Co. (PROP) and Civitas Resources (CIVI) are two key independent energy firms with operations deeply rooted in Colorado’s Denver-Julesburg (DJ) Basin. PROP, a newer entrant with a bold consolidation strategy, has expanded rapidly through high-profile acquisitions. In contrast, CIVI is a more established player, sharpening its focus on cost discipline while also expanding into the high-return Permian assets.Their shared presence in the DJ Basin makes them natural competitors. With oil prices ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 001-41895 Prairie Operating Co. (Exact name of registrant as specified in its charter) Delaware 98-0357690 (State or ot ...

Prairie Operating Co. (PROP) made headlines with its $602 million acquisition of Bayswater assets, a move that has significantly altered its growth trajectory. The deal, which includes 24,000 net acres and 26,000 barrels of oil equivalent per day (BOE/d) in production, also brings in 600 gross drilling locations and an estimated $1.1 billion in future cash flow, boosting its long-term potential.The acquisition positions PROP as a high-growth player in the Denver-Julesburg (DJ) basin. The region has seen exp ...