other material
confidence high
sentiment positive
materiality 0.65
Prairie Operating submits 72-well Colorado permit; board ups LTIP shares to 35M
Prairie Operating Co.
- Filed initial permit with Colorado ECMC for Genesis OGDP: 72 wells on 2 pads (Burnett, Oasis) in Weld County.
- Project includes 18 three-mile laterals and 54 two-mile laterals covering 9 square miles of subsurface minerals.
- Company holds 412 qualified locations across Niobrara and Codell, with ~37,000-acre position in DJ Basin.
- Facilities will use electrified rigs and no hydrocarbon storage tanks to align with state emission reduction goals.
- Board terminated Creek Road Miners 2021 plan and amended Prairie LTIP to 35M authorized shares, effective Aug 25.