Slide 1: Corporate Presentation
Corporate Presentation August 2025 NASDAQ: PROP
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, inc
Slide 3: Q2 Achievements and Results
Prairie Operating Co. Q2 Achievements and Results Successfully completed two acquisitions in the heart of the DJ Basin in Rural Weld County Drilled and completed 27 wells through Q2 and now operating over 360 wells j Over 600 future locations generating approximately 10 Years of low-breakeven
Slide 4: Established Foothold in the Core DJ Basin with Tangible Growth Opportunity
Prairie Operating Co. Established Foothold in the Core DJ Basin with Tangible Growth Opportunity Asset Profile Acreage Position3 • Liquids-rich production in rural Weld County • Disciplined and proven acquisition strategy drives value • Significant growth opportunity through organic leasing, bolt-on
Slide 5: Focused Growth Strategy
Prairie Operating Co. Focused Growth Strategy Showcasing an equilibrium between growth through the drill bit, future expansion opportunities and balance sheet discipline. Continued Execution of Accretive Organic Growth Based on Acquisitions Focused on Core of Maximizing Returns and Capital DJ Basin
Slide 6: Attractive Financial Profile and Policies
Prairie Operating Co. Attractive Financial Profile and Policies Q2 2025 Highlights Record Revenue and Net Income Total Q2 Revenue of $68.1 million, with Net Income of $35.7 million Production total of 21,052 Boe per day (50% oil) – quarter-over-quarter increase of 540% Protection of Cash Flows and E
Slide 7: Continued Focus on Organic Growth and Continued Consolidation
Prairie Operating Co. Continued Focus on Organic Growth and Continued Consolidation Providing Financial Expertise and Leadership • Laser focus on generating free cash flow, managing leverage, and maintaining a clean balance sheet Focus on Leadership and Organizational Growth • Strong focus on implem
Slide 8: Cash Flow Certainty Through Strategic Hedging
Prairie Operating Co. Cash Flow Certainty Through Strategic Hedging 1,200,000 $70.00 OIL 1,000,000 $68.00 Weighted Average Price 800,000 $66.00 Volumes (Bbls) 600,000 $64.00 400,000 $62.00 200,000 $60.00 - $58.00 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Q1 2028
Slide 9: DJ Basin: A Premier U.S. Resource
Prairie Operating Co. DJ Basin: A Premier U.S. Resource DJ Basin1 DJ Basin Development Cube Hereford Oil Target Reservoirs Approx. 1 mile section Pierre Shale Development Cube North Oil Niobrara A Niobrara B Northeast Extension Oil Niobrara C Fort Hayes Limestone Codell Sandstone Greater Wattenberg
Slide 10: Access to Midstream Takeaway
Prairie Operating Co. Access to Midstream Takeaway Advantageous gathering contracts and increasing volume commitments result in operational flexibility and economic uplift via strong commodity price realizations. Commodity Midstream Agreement NGL Oil Transport and Sales Agreement Oil Taproot Ene
Slide 11: Quality Inventory with Long-Dated Duration
Prairie Operating Co. Quality Inventory with Long-Dated Duration 2 years of permits-in-hand with additional ~1 year of permits in process; rolling permitting program ensures adequate development running room while avoiding permit expiration. 106 691-711 40-60 69 476 Existing Acquired Organic Leasing
Slide 12: Colorado Regulatory Environment is Stable
Prairie Operating Co. Colorado Regulatory Environment is Stable Regulatory Highlights Permitting Track Record in Colorado Colorado Permit Approvals Weld County support for oil and gas industry is well established – Rural assets subject to 814 significantly less risk vs more urban areas Senate Bill
Slide 13: Environmental Excellence – Producing the Cleanest Molecule
Prairie Operating Co. Environmental Excellence – Producing the Cleanest Molecule Pre-Production Production Corporate-Wide • Drilling rig powered by the grid or natural gas • Instrument air pneumatics • Members of API's The Environmental generators with battery assist eFleet for • No permanent hydroc
Slide 14: Management Team
Prairie Operating Co. Management Team Edward Kovalik Over 25 years of industry experience Founder and managing member of KLR Group, an energy merchant bank Co-Founder, KLR Group founded River Bend, KLR Energy (Rosehill Resources), Seawolf Water Chairman & CEO River Bend Resources, and Prairie
Slide 15: Investor Relations Contact
Prairie Operating Co. Investor Relations Contact: Wobbe Ploegsma info@prairieopco.com 832.274.3449 15