Prairie Operating Co. is an independent oil and natural gas company focused on the acquisition and development of crude oil natural gas and natural gas liquids. The company's assets are located in the Denver Julesburg Basin of Weld County Colorado. It aims to grow reserves production and cash flow through drilling accretive acquisitions and the use of next generation technology.

Revenue is generated from the sale of crude oil natural gas and natural gas liquids produced from the company's wells. The company markets its hydrocarbons to purchasers under negotiated contracts that reflect prevailing market prices. Income depends on the volume of commodities sold and the realized prices for oil and natural gas and natural gas liquids.

The company operates through the following segments:

• Central Weld Assets consist of approximately 45,000 net leasehold acres situated on about 56,200 gross acres in the DJ Basin. These assets were acquired from Nickel Road Development LLC Nickel Road Operating LLC Bayswater Exploration & Production LLC Edge Energy II LLC and other sellers. The development plan calls for drilling multiple wells on pads such as Opal Coalbank Rusch Noble Simpson and others with the goal of bringing new production online in 2025 and 2026. Approximately eighty seven percent of the net leasehold is held by production and ninety five percent of the acreage is leased from private landowners with the remainder under state or federal leases. The average royalty burden on fee leases is twenty percent.

• Genesis Assets comprise approximately 23,000 net leasehold acres located on about 42,000 gross acres in the DJ Basin. These assets were obtained from Exok Inc through a series of transactions in 2023 and 2025. The development plan includes drilling additional wells on the Shelduck South site and other locations with plans to add four gross wells in 2026. About ninety two percent of the net leasehold is leased from private landowners and the remaining eight percent is under state or federal leases. Roughly ninety one percent of the net acreage is held by leases with varying expiration dates some offering extension options of one to four years.

Prairie Operating Co. operates in a competitive upstream oil and natural gas sector where many participants have larger scale and greater financial resources. The company's competitive advantages stem from its concentration in the DJ Basin which offers low break even costs and a long production history. Its management team brings extensive experience in drilling completion and acquisition integration. The firm employs next generation seismic and geo steering technologies to improve well results and reduce drilling time. Additionally it pursues an accretive acquisition strategy focused on liquids rich assets with strong well level economics.

The company sells its production to a variety of purchasers including refiners pipeline operators and midstream marketing companies. In the second half of 2025 two unnamed customers accounted for roughly eighty three percent and ten percent of total oil natural gas and natural gas liquids revenues. The customer base is primarily composed of entities that take delivery of hydrocarbons at the wellhead or through nearby gathering systems.