Business
Prairie Operating Co. Submits Weld County Oil and Gas Location Assessment and Begins Permit Application Process for Second Oil and Gas Development Plan
HOUSTON, TX, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: PROP; the “Company” or “Prairie”) announced today that it has submitted its Weld
About this update from Prairie Operating Co.
[{"type":"text","content":"HOUSTON, TX, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: PROP; the “Company” or “Prairie”) announced today that it has submitted its Weld County Oil and Gas Location Assessment (“WOGLA”) for sites within the Genesis Oil and Gas Development Plan (“OGDP”) and has begun the application process for its second OGDP. Following the September 15th submittal of the Genesis OGDP with the Colorado Energy and Carbon Management Commission (ECMC) for the Burnett and Oasis locations, Prairie subsequently submitted its Weld County Oil and Gas Location Assessment (WOGLA) for each of these two (2) locations. The Burnett and Oasis locations will develop eighteen (18) three-mile lateral wells and fifty-four (54) two-mile lateral wells, respectively, encompassing 9-square miles or 5,772 subsurface mineral acres in rural Weld County, Colorado. The Company anticipates that both the WOGLA hearings in Weld County and the OGDP hearing in front of the Colorado ECMC will take place during the first quarter of 2024. In addition, Prairie has commenced work on its second OGDP, consisting of up to 6,400 subsurface mineral acres of development, with three-to-four (3-4) locations drilling between seventy-two-to-ninety (72-90) wells. The Company is targeting a first quarter 2024 submittal for the second OGDP with the Colorado ECMC. \"I am very proud of the ongoing progress our team continues to make,” stated Ed Kovalik, Chairman and CEO. “Our current permitting strategy highlights Prairie's commitment to maintaining a robust permitted drilling inventory while offering the Company flexibility in its scheduling.” About Prairie Operating Co. Prairie Operating Co. (f/k/a Creek Road Miners, Inc.) is a publicly-traded company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids with operations focused on unconventional oil and natural gas reservoirs located in Colorado focused on the Niobrara and Codell formations. The company also owns crypto miner computer assets, complementary to its energy assets. The Company is dedicated to developing affordable, reliable energy to meet the world’s growing demand while continuing to protect the environment. To learn more, visit www.prairieopco.com. Forward-Looking Statements The information included herein and in any oral statements made in connection herewith inc...