secwatch / observer

Prairie Operating Co. — fact timeline

Source-grounded facts extracted from Prairie Operating Co.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PROP Prairie Operating Co. JSON

Gregory S. Patton was appointed as Director at Prairie Operating Co..

“appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board”

Gregory S. Patton was appointed as Chief Executive Officer at Prairie Operating Co..

“appointed (i) Gregory S. Patton, the Company’s Executive Vice President and Chief Financial Officer, to serve as Chief Executive Officer of the Company and as a member of the Board”
Equity Issuances

Prairie Operating Co. issued number of shares issuable upon exercise of Anniversary Warrants reduced of warrant to High Trail for amendment of warrant terms without additional consideration.

“amend Section 4(w) of the Securities Purchase Agreement, dated as of March 24, 2025, between the Company and High Trail, as amended (the “Purchase Agreement”), to change the “Anniversary Warrant Issuance Date” from July 8, 2026 to August 7, 2026, and (ii) reduce the number of shares of Common Stock issuable upon exercise of the Anniversary Warrants (as defined in the Series F Certificate of Designation) from (1) a number of shares equal to the quotient of (A) 75% of the Stated Value (as defined in the Series F Certificate of Designation) of all Series F Preferred Stock held by such holder on July 8, 2026, divided by (B) the average of the 10 daily volume-weighted average per share trading prices of the Common Stock during the 10 trading days prior to the issuance date of the Anniversary Warrants, to (2) a number of shares equal to the quotient of (A) 65% of the Stated Value of all Series F Preferred Stock held by such holder on August 7, 2026, divided by (B) the average of the 10 daily”
Shareholder Votes

Prairie Operating Co. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026 at the 2026-06-03 meeting.

“The Company's stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2026, by the vote indicated below: Votes For Votes Against Abstentions 64,577,836 491,258 637,350”
Shareholder Votes

Prairie Operating Co. shareholders approved Election of directors to hold office until 2027 Annual Meeting at the 2026-06-03 meeting.

“The Company's stockholders elected the director nominees below to the Board of Directors of the Company to hold office until the 2027 Annual Meeting of Stockholders or until their successors are elected, by the vote indicated below: Director Nominees Votes For Votes Against Abstentions Broker Non- Votes Richard N. Frommer 38,317,707 1,115,867 384,236 25,888,634 Jonathan Gray 36,733,474 2,506,996 577,340 25,888,634 Stephen Lee 35,090,781 4,333,118 393,911 25,888,634 Erik Thoresen 36,304,858 3,142,980 369,972 25,888,634”
Earnings Releases

Prairie Operating Co. reported first quarter ended March 31, 2026 results: revenue $83.4 million.

“for the first quarter ended March 31, 2026. Recent Key Highlights • Total production of 2.1 MMBoe, or approximately 23,200 Boe/d, with 72% liquids (48% oil). • Total revenue of $83.4 million, an increase of over 500% quarter-over-quarter • Adjusted EBITDA (1) of $37.2 million, an increase of over 600% quarter-over-quarter. • Delivered strong operational execution,”
Equity Issuances

Prairie Operating Co. issued 4,000,000 shares of Common Stock of warrant to Hudson Bay PH XIX LLC (High Trail) for Issued in connection with repurchase of Series F Convertible Preferred Stock and waiver of $3.0 million cash extension fee.

“reason, the Anniversary Warrants (as defined in the Series F Certificate of Designation) are not issued to High Trail, the Company will issue to High Trail a warrant to purchase 3,000,000 shares of Common Stock at an exercise price of $0.01 per share (subject to adjustment pursuant to the terms therein) in the form attached to the Letter Agreement (the “Second”
Material Agreements

Prairie Operating Co. entered into Letter Agreement with Hudson Bay PH XIX LLC (High Trail) (effective 2026-04-08).

“On April 8, 2026, Prairie Operating Co. (the "Company") entered into a letter agreement (the "Letter Agreement") with Hudson Bay PH XIX LLC ("High Trail")”
Material Agreements

Prairie Operating Co. amended Amendment and Restatement of Amendment to Securities Purchase Agreement and Form of Anniversary Warrant with each of the investors listed on the Schedule of Buyers attached thereto (collectively, the "Buyers") valued at $3 million (effective 2026-04-06).

“On April 6, 2026, the Company and the Buyers entered into an Amendment and Restatement of Amendment to Securities Purchase Agreement and Form of Anniversary Warrant (the “Amendment”).”
Earnings Releases

Prairie Operating Co. reported the year ended December 31, 2025 results: revenue $241.6 million.

“filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ef20068429_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Prairie Operating Co. Announces Year End 2025 Results • 2025 total revenue of $241.6 million (approximately $315.0 million including Bayswater), an increase of approximately 3,000% year-over-year • Record Adjusted EBITDA (1) of $155.5 million (approximately $220.0”
Material Agreements

Prairie Operating Co. amended Amendment to Securities Purchase Agreement and Form of Anniversary Warrant with the Buyers valued at an aggregate amount equal to $3 million (effective 2026-03-25).

“On March 25, 2026, the Company and the Buyers entered into an Amendment to Securities Purchase Agreement and Form of Anniversary Warrant (the “Amendment”).”
Auditor Changes

Prairie Operating Co. engaged Deloitte & Touche LLP as its auditor.

“(the “ Company ”) approved the engagement of Deloitte & Touche LLP (“ Deloitte ”), effective September 18, 2025, as its independent registered public accounting firm for the fiscal year ending December 31, 2025.”
Auditor Changes

Prairie Operating Co. dismissed Ham, Langston & Brezina, L.L.P. as its auditor.

“2025, the Audit Committee also approved the dismissal of Ham, Langston & Brezina, L.L.P. (“ HL&B ”) as independent registered public accounting firm of”
Debt Financings

Prairie Operating Co. amended revolving credit of $1.0 billion with Citibank, N.A. at Term SOFR or Alternate Base Rate (each as defined in the A&R Credit Agreement), maturing March 26, 2029.

“On March 26, 2025, Prairie Operating Co. (the “Company” or “Prairie”), as borrower, amended and restated that certain reserve-based credit agreement, dated as of December 16, 2024, with Citibank, N.A., as administrative agent, and the financial institutions party thereto (the “A&R Credit Agreement”). The A&R Credit Agreement has a maximum credit commitment of $1.0 billion. As of March 26, 2025, the A&R Credit Agreement has a borrowing base of $475.0 million and an aggregate elected commitment of $475.0 million.”
M&A Transactions

Prairie Operating Co. completed an acquisition involving Bayswater for $602.75 million, subject to certain closing price adjustments, payable in cash and 3,656,099 shares of the Company's common stock (closed 2025-03-26).

“to the Bayswater PSA, the Company and certain of its subsidiaries agreed to acquire certain oil and gas assets from Bayswater (the “Acquired Properties”) for a purchase price of $602.75 million, subject to certain closing price adjustments, payable in cash and 3,656,099 shares of the Company’s common stock, par value $0.01 per share (the “Equity Consideration”). Among”
Governance Changes

Prairie Operating Co.: Filed Series F Certificate of Designation to establish rights and preferences of Series F Preferred Stock (effective 2025-03-25).

“On March 25, 2025, in connection with the Preferred Offering, the Company filed the Series F Certificate of Designation with the Secretary of State of the State of Delaware to establish the rights and preferences of the Series F Preferred Stock.”

Craig Owen resigned as Chief Financial Officer at Prairie Operating Co..

“On March 7, 2025, Craig Owen notified the Company of his decision to resign from his role as the Company’s Executive Vice President and Chief Financial Officer, effective April 1, 2025.”

Gregory S. Patton was appointed as Chief Financial Officer at Prairie Operating Co..

“appointed Gregory S. Patton, the Company’s Executive Vice President of Commercial Development as Chief Financial Officer, effective April 1, 2025.”

Richard N. Frommer was elected as Director at Prairie Operating Co..

“On November 21, 2024, the Board elected Richard N. Frommer as a member of the Board, filling the vacancy remaining due to the previously disclosed resignation of Mr. Kessler.”

Paul L. Kessler resigned as Director at Prairie Operating Co..

“On October 30, 2024, Paul L. Kessler provided the Board of Directors (the “Board”) of Prairie Operating Co. (the “Company”) with notice of his resignation as a member of the Board, effective October 30, 2024.”
M&A Transactions

Prairie Operating Co. completed an acquisition involving Nickel Road Development LLC and Nickel Road Operating LLC for $49.6 million (closed 2024-10-01).

“assets of Nickel Road Development LLC (“ NRD ”), Nickel Road Operating LLC (“ NRO ” and, together with NRD, collectively, the “ Sellers ”). On the Closing Date, the Company paid $49.6 million to the Sellers in cash, sourced from the consideration from the Securities Purchase Agreement, the Pre-Paid Advance under the SEPA and cash on hand. The Company had previously”
M&A Transactions

Prairie Operating Co. completed a disposition involving Matthew Austin Lerman for $1.0 million in cash and $1.0 million in deferred cash payments (closed 2024-01-23).

“the Company sold all of its cryptocurrency miners (the “Mining Equipment”) to Buyer (the “Asset Sale”) for consideration consisting of (i) $1.0 million in cash and (ii) $1.0 million in deferred cash payments, to be paid out of (i) 20% of the monthly revenues received by Buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals $250,000 and (ii) thereafter, 50% of the monthly revenues received by Buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals the Deferred Purchase Price, plus accrued interest. The Asset Sale closed on January 23, 2024, simultaneously with the execution of the Purchase Agreement.”
Material Agreements

Prairie Operating Co. entered into Asset Purchase Agreement with Matthew Austin Lerman valued at $1.0 million in cash and $1.0 million in deferred cash payments (effective 2024-01-23).

“On January 23, 2024, pursuant to an asset purchase agreement (the “Purchase Agreement”), by and between Prairie Operating Co. (the “Company”) and Matthew Austin Lerman (“Buyer”), the Company sold all of its cryptocurrency miners (the “Mining Equipment”) to Buyer (the “Asset Sale”) for consideration consisting of (i) $1.0 million in cash and (ii) $1.0 million in deferred cash payments, to be paid out of (i) 20% of the monthly revenues received by Buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals $250,000 and (ii) thereafter, 50% of the monthly revenues received by Buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals the Deferred Purchase Price, plus accrued interest.”
Material Agreements

Prairie Operating Co. entered into Purchase Agreement with Nickel Road Development LLC, Nickel Road Operating LLC, Prairie Operating Co., LLC valued at $94.5 million (effective 2024-01-11).

“On January 11, 2024, Prairie Operating Co. (the “Company”) entered into an asset purchase agreement (the “Purchase Agreement”), by and among the Company, Nickel Road Development LLC, Nickel Road Operating LLC (“NRO”) and Prairie Operating Co., LLC, to acquire the assets of NRO (the “Assets”) for total consideration of $94.5 million (the “Purchase Price”)”
Governance Changes

Prairie Operating Co.: Reverse stock split, name change, and symbol change; filed Certificate of Amendment and Second Amended and Restated Certificate of Incorporation with multiple governance changes including eliminating written consent, corporate opportunity waiver, director election modifications, and exclusive forum (effective 2023-10-16).

“On October 12, 2023, Prairie Operating Co. (the “Company”) filed a Certificate of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) with the Delaware Secretary of State to effect a reverse stock split of outstanding shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), at an exchange ratio of 1:28.5714286 (the “Reverse Stock Split”). The Company will also change its name from Creek Road Miners, Inc. to Prairie Operating Co. (the “Corporate Name Change”) and change its symbol from “CRKR” to “PROP” (the “Symbol Change”). The Reverse Stock Split and the Corporate Name Change would become effective on the OTCQB marketplace of OTC Markets on October 16, 2023 (the “Effective Date”). In connection with the Reverse Stock Split, Corporate Name Change and Symbol Change, the CUSIP number for the Company’s Common Stock will change to 739650109. The Company’s Common Stock will continue to trade on the OTCQB marketplace under the symbol “CRKRD”
Governance Changes

Prairie Operating Co.: Filed Certificate of Designation for Series E Convertible Preferred Stock, setting forth its terms and provisions.

“the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series E Convertible Preferred Stock (the “ Certificate of Designation ”) which sets forth the terms and provisions of the Series E Preferred Stock.”
M&A Transactions

Prairie Operating Co. completed an acquisition involving Exok, Inc. for $18,000,000 in cash (closed 2023-08-15).

“approximately 20,328 net mineral acres in, on and under approximately 32,695 gross acres (the “ Exok Option Assets ”) from Exok (the “ Exok Option Purchase ”) . The Company paid $18,000,000 in cash (the “ Cash Consideration ”) to Exok and issued equity consideration to certain affiliates of Exok (the “ Exok Affiliates ”), consisting of (i) 19,157,123 shares of the”
Material Agreements

Prairie Operating Co. entered into Securities Purchase Agreement with Narrogal Nominees Pty Ltd ATF Gregory K O’Neill Family Trust valued at $20.0 million (effective 2023-08-15).

“On August 15 , 2023 , the Company entered into a securities purchase agreement (the “ Securities Purchase Agreement ”) with Narrogal Nominees Pty Ltd ATF Gregory K O’Neill Family Trust (the “ PIPE Investor ”), pursuant to which the PIPE Investor agreed to purchase, and the Company agreed to sell to the PIPE Investor, an aggregate of $20.0 million”
Material Agreements

Prairie Operating Co. entered into PSA with Exok, Inc. valued at $18,000,000 in cash (effective 2023-05-03).

“Pursuant to the Amended and Restated Purchase and Sale Agreement, dated May 3, 2023 (the “ PSA ”), by and among Prairie Operating Co., a Delaware corporation (the “ Company ”), Prairie Operating Co., LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“ Prairie LLC ”), and Exok, Inc., an Oklahoma corporation (“ Exok ”), Prairie LLC exercised its option (the “ Exok Option ”) to purchase oil and gas leases, including all of Exok’s right, title and interest in, to and under certain undeveloped oil and gas leases located in Weld County, Colorado, together with certain other associated assets, data and records, consisting of approximately 20,328 net mineral acres in, on and under approximately 32,695 gross acres (the “ Exok Option Assets ”) from Exok (the “ Exok Option Purchase ”) . The Company paid $18,000,000 in cash”
Governance Changes

Prairie Operating Co.: Filed Certificate of Designation for Series E Convertible Preferred Stock, establishing terms including dividends, voting rights, liquidation preference, conversion rights, beneficial ownership limitation, and redemption rights.

“In connection with the consummation of the PIPE Transaction, the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series E Convertible Preferred Stock (the “ Certificate of Designation ”) which sets forth the terms and provisions of the Series E Preferred Stock.”
M&A Transactions

Prairie Operating Co. completed an acquisition involving Exok, Inc. for $18,000,000 in cash and equity consideration (closed 2023-08-15).

“approximately 20,328 net mineral acres in, on and under approximately 32,695 gross acres (the “ Exok Option Assets ”) from Exok (the “ Exok Option Purchase ”) . The Company paid $18,000,000 in cash (the “ Cash Consideration ”) to Exok and issued equity consideration to certain affiliates of Exok (the “ Exok Affiliates ”), consisting of (i) 19,157,123 shares of the”
Auditor Changes

Prairie Operating Co. engaged Ham, Langston & Brezina, L.L.P. as its auditor.

“On May 30, 2023, the Audit Committee approved the engagement of Ham, Langston & Brezina, L.L.P. (“HL&B”) as its new independent registered public accounting firm.”

Erik Thoresen was appointed as Director at Prairie Operating Co..

“Effective as of May 7, 2023, the Board of Directors (the “ Board ”) of Prairie Operating Co. (the “ Company ”) increased to seven members and appointed Jonathan Gray and Erik Thoresen (collectively, the “ New Directors ”).”

Jonathan Gray was appointed as Director at Prairie Operating Co..

“Effective as of May 7, 2023, the Board of Directors (the “ Board ”) of Prairie Operating Co. (the “ Company ”) increased to seven members and appointed Jonathan Gray and Erik Thoresen (collectively, the “ New Directors ”).”
Governance Changes

Prairie Operating Co.: Adopted Amended and Restated Bylaws.

“In connection with the Closing, the Company adopted the Amended and Restated Bylaws (the “ Bylaws ”).”
Governance Changes

Prairie Operating Co.: Amended certificate of incorporation to change company name, increase authorized shares, and make other changes.

“Immediately prior to the Effective Time, the Company filed the Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company (the “ Charter Amendment ”) to, among other things, (i) change the name of the Company from “Creek Road Miners, Inc.” to “Prairie Operating Co.,” (ii) increase the number of authorized shares of Common Stock from 100,000,000 shares to 500,000,000 shares and (iii) make certain changes that the Board deems appropriate for the public operating company after the Closing.”
M&A Transactions

Prairie Operating Co. underwent a change of control involving Prairie Operating Co., LLC (closed 2023-05-03).

“Merger Sub merged with and into Prairie LLC, with Prairie LLC surviving and continuing to exist as a Delaware limited liability company and a wholly-owned subsidiary of the Company”
M&A Transactions

Prairie Operating Co. completed an acquisition involving Exok, Inc. for $3,000,000 (closed 2023-05-03).

“with certain other associated assets, data and records, consisting of approximately 3,157 net mineral acres in, on and under approximately 4,494 gross acres from Exok for $3,000,000 pursuant to the Amended and Restated Purchase and Sale Agreement, dated as of May 3, 2023 (the “ Exok Agreement ”), by and among the Company, Prairie LLC and Exok (the “ Exok”
M&A Transactions

Prairie Operating Co. completed an acquisition involving Prairie Operating Co., LLC (closed 2023-05-03).

“on May 3, 2023, the Company completed the Merger pursuant to the terms of the Merger Agreement”
Debt Financings

Prairie Operating Co. incurred convertible notes of $1,000,000 at 12%.

“the Company’s 12% senior secured convertible debentures (the " Original Debentures "), plus accrued but unpaid interest and a 30% premium, were exchanged, in the aggregate, for (a) 12% amended and restated senior secured convertible debentures (collectively, the " AR Debentures ") in the principal amount of $1,000,000”

Bryan Freeman was appointed as Executive Vice President of Operations at Prairie Operating Co..

“The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations”

Jeremy Ham was appointed as Chief Commercial Officer at Prairie Operating Co..

“The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations”

Craig Owen was appointed as Chief Financial Officer at Prairie Operating Co..

“The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations”

Edward Kovalik was appointed as Chief Executive Officer at Prairie Operating Co..

“The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations”

Gary C. Hanna was appointed as President at Prairie Operating Co..

“The Board appointed Gary C. Hanna as President, Edward Kovalik as Chief Executive Officer, Craig Owen as Chief Financial Officer, Jeremy Ham as Chief Commercial Officer and Bryan Freeman as Executive Vice President of Operations”

Stephen Lee was appointed as Director at Prairie Operating Co..

“the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee”

Gizman Abbas was appointed as Director at Prairie Operating Co..

“the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee”

Edward Kovalik was appointed as Director at Prairie Operating Co..

“the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee”

Gary C. Hanna was appointed as Director at Prairie Operating Co..

“the Board increased to five members and appointed Gary C. Hanna, Edward Kovalik, Gizman Abbas and Stephen Lee”

John D. Maatta resigned as Interim Chief Financial Officer at Prairie Operating Co..

“John D. Maatta resigned as Chief Executive Officer and Interim Chief Financial Officer.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.