Prairie Operating Co. Submits Second Oil and Gas Development Plan and Receives Approval for Initial Wellbores
Prairie Operating Co. Submits Second Oil and Gas Development Plan and Receives Approval for Initial Wellbores
HOUSTON, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the "Company" or "Prairie") today announced that it submitted the application for its second Oil and Gas Development Plan (OGDP), the Genesis II OGDP, with the Colorado Energy and Carbon Management Commission (CECMC), and subsequently received approval from the CECMC for the first twenty wellbores within the Genesis I OGDP.
2024年8月8日德克萨斯州休斯顿(环球新闻社)——Prairie Operating Co.(纳斯达克股票代码:PROP)(以下简称“公司”或“Prairie”)宣布,已向科罗拉多能源和碳管理委员会(CECMC)提交了其第二个石油和天然气开发计划(OGDP),即创世纪II OGDP,并随后获得CECMC对创世纪I OGDP中的前20口井的批准。
The Genesis II OGDP is comprised of two well pads, developing nine square miles of subsurface minerals in rural Weld County, Colorado. The two pads, the Croissant and Red Angus, will develop up to 42 three-mile lateral wells. The Company plans to utilize a single production facility, located at the Red Angus site, for the entire development and will employ a fully electrified drill rig and production facility, with three-phase takeaway for produced oil, gas, and water. These initiatives highlight the Company's continued commitment to minimizing its development footprint while maximizing infrastructure efficiencies. Prairie anticipates the CECMC hearing for the Genesis II OGDP to occur in the first quarter 2025 and the project to be drill-ready in the second quarter of 2025.
创世纪II OGDP由两个井架组成,位于科罗拉多州乡村韦尔德县的地下矿物面积为9平方英里。两个井架分别为Croissant和Red Angus,将开发42口三英里横向井。公司计划在整个开发过程中使用单一的生产设施,位于Red Angus网站,使用全电动钻井设备和生产设施,生产的油、气和水采用三相拿走。这些举措突显了公司在最小化其开发足迹、同时最大化基础设施效率方面的持续承诺。 Prairie预计CECMC将于2025年第一季度举行创世纪II OGDP听证会,并于2025年第二季度准备好该项目。
Additionally, the Company received approval from the CECMC for its first twenty wellbores at the Oasis and Burnett locations within the Genesis I OGDP. These approvals include ten three-mile laterals and ten two-mile laterals at the Burnett and Oasis locations, respectively, and will develop multiple benches across the Niobrara and Codell formations.
此外,公司还获得了CECMC对其第一批20口井的批准,这些井位于Genesis I OGDP中的Oasis和Burnett位置。这些批准包括Burnett和Oasis位置的10口三英里井和10口两英里井,将在Niobrara和Codell地层中开发多个岩床。
About Prairie Operating Co.
绿原开发公司是一家总部位于德克萨斯州休斯顿的独立能源公司,致力于在美国开发和收购经过验证的生产油气资源。该公司的资产和业务集中在丹佛朱尔斯堡盆地的富含油和液体背景地区,主要关注尼奥伯拉拉和科德尔地层。公司致力于负责任地开发其石油和天然气资源,并专注于通过持续增长、资本纪律和可持续的现金流生成最大的回报。
Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of proven, producing oil and natural gas resources in the United States. The Company's assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.
Prairie Operating Co.是一家总部设在休斯顿的上市的独立能源公司,从事在美国开发和收购经过验证的产油和天然气资源。公司的资产和业务集中在富含油和液体的丹佛-朱尔斯堡(DJ)盆地地区,主要关注Niobrara和Codell地层。该公司致力于负责任地开发其石油和天然气资源,并专注于通过持续增长、资本纪律和可持续的现金流生成来最大化回报。
More information about the Company can be found at .
本文中包含的信息和所有口头陈述均包括《1933证券法》,经修改,《1934证券交易法》第27A条的前瞻性声明,以及第21条的前瞻性声明。在此列出的所有内容,包括所有口头陈述,都是前瞻性声明。在此使用包括任何口头陈述在内的诸如“可能”、“应该”、“将会”、“可能”、“相信”、“预期”、“打算”、“估计”、“期望”、“项目”的词语,及其负面形式和其他类似的表达方式,旨在识别前瞻性声明,尽管并非所有前瞻性声明都包含此类标识性词语。这些前瞻性声明基于公司对未来事件的预期和假设,以及基于当前可用于未来事件的结局和时机的信息。除法律另有规定外,公司放弃对任何前瞻性声明的义务,所有这些声明都在本章节中明确合格,以反映本章节的情况,以反映本章节日期后的事件或情况。公司警告您,这些前瞻性声明受到风险和不确定性的影响,其中大多数是难以预测的,许多是公司无法控制的。可能存在公司当前不知道或公司目前认为不重要的其他风险,这可能导致实际结果与前瞻性声明所包含的结果有所不同。有关这些和其他可能影响公司预期的因素的更多信息,可以在公司与证券交易委员会(SEC)的周期性文件中找到,包括公司于2024年3月19日提交的年度报告表格10-K以及任何随后提交的季度报告和当前报告表格8-K。公司的SEC文件公开在SEC的网站上。.
Forward-Looking Statements
前瞻性声明
The information included herein and in any oral statements made in connection herewith include "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 present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company's expectations can be found in the Company's periodic filings with the Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 10-K/A filed with the SEC on March 20, 2024, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company's SEC filings are available publicly on the SEC's website at www.sec.gov.
这里包括的信息和与之相关的任何口头陈述均包括“前瞻性陈述”,其含义如1933年证券法第27A条修正案和1934年证券交易法第21E条修正案所述。此处包括的所有陈述,除了本文所述的当前或历史事实陈述外,均属于前瞻性陈述。这里使用的,包括与之相关的任何口头陈述的“可能”、“应该”、“将”、“可能”、“认为”、“预期”等类似表达意思的词语,旨在确定前瞻性陈述,尽管并非所有前瞻性陈述都包含这些识别词。这些前瞻性陈述基于公司对未来事件的当前预期和假设,并基于当前可用信息来预测未来事件的结果和计时。除非适用法律另有规定,否则公司不承担更新任何前瞻性陈述的责任,所有前瞻性陈述均受本部分规定的明确限制,以反映本文日期之后的事件或情况。公司提醒您,这些前瞻性陈述将受到风险和不确定性的影响,其中大多数难以预测,许多超出了公司的控制范围。可能还存在公司当前尚不知道或公司目前认为无关紧要的其他风险,这些风险可能会导致实际结果与前瞻性陈述所包含的结果不同。有关这些和其他可能影响公司预期的因素的更多信息,请参见公司提交给证券交易委员会(“SEC”)的定期申报文件,包括公司于2024年3月20日向SEC提交的10-K/A年报,以及随后提交的季度报告和8-k现行报告。可以在SEC的网站上公开获取公司的SEC申报文件。 www.sec.gov.
Investor Relations Contact:
Wobbe Ploegsma
wp@prairieopco.com
832.274.3449
投资者关系联系人:
Wobbe Ploegsma
wp@prairieopco.com
832.274.3449