Prairie Operating (NASDAQ:PROP) Company (NASDAQ: PROP) is an independent exploration and production firm focused on the acquisition, development and production of oil, condensate, natural gas and natural gas liquids in the Williston Basin, primarily in North Dakota and eastern Montana. The company’s core operations center on the Bakken and Three Forks formations, where it employs horizontal drilling and multi-stage hydraulic fracturing techniques to optimize reservoir contact and enhance recovery. Prairie Operating also evaluates nearby acreage opportunities, leveraging proprietary geological and engineering data to drive capital efficiency and reserve growth.
Since its incorporation in Delaware in 2021, Prairie Operating has pursued a disciplined, growth-oriented strategy that combines organic development with selective acreage acquisitions. The firm’s inaugural public offering provided liquidity to early investors and capital to fund drilling programs. Throughout its history, Prairie Operating has sought to maintain a flexible capital structure and a high working-interest position in core projects, while prioritizing operational reliability, cost control and environmental stewardship. The company continuously invests in technology and data analytics to improve well performance and reduce its carbon footprint.
Prairie Operating serves a diverse set of midstream partners in the Bakken region, ensuring access to pipeline, trucking and rail transport options for its oil and gas production. This multimodal takeaway capacity helps the company optimize netbacks across a range of commodity price scenarios. Prairie Operating is also developing relationships with local landowners and contractors to support its field operations and adhere to rigorous safety and regulatory standards.
The company’s leadership team comprises seasoned industry professionals with deep expertise in reservoir engineering, operations and finance. The executive bench is led by a President and Chief Executive Officer supported by a Chief Financial Officer and Vice President of Land and Legal Affairs. Together, this group guides Prairie Operating’s strategic planning, asset evaluation and corporate governance to pursue value creation for shareholders over the long term.
