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Prairie Operating Looks to Boost Free Cash Flow With Drilling Growth

Prairie Operating logoPrairie Operating
Sig1.85Sen+3.20Env-3.15Soc0.00Gov0.00

Prairie Operating, formed in 2023 after selling its earlier crypto assets, says it has drilled and completed 27 wells this year and expects about 40 wells for the full year. It operates more than 550 producing wells in Weld County, Colorado, and reports 118 million barrels of oil-equivalent proved reserves. The company also outlined a rolling 24-month hedge portfolio with prices in the $60 to $64 range.

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