Prairie Operating Co. Announces Initial Production Results for Burnett Pad
Key Highlights
- ➤Burnett Pad IP30 averaged approximately 722 Boe/d per well, with 81% oil
- ➤Four-well Burnett Pad produced 131,490 Boe cumulatively through October 20, 2026
- ➤Prairie converted 30 gross POSS locations to PUD locations within Genesis OGDP I
- ➤Burnett results support future development across Prairie’s 5,700-acre Genesis OGDP I
Expert Statements
Greg Patton, Chief Executive Officer of Prairie Operating Co.
“The Burnett results prove up a significant portion of Prairie’s near-term development plan and provide a strong foundation for the future creation of additional DSU’s.”
Greg Patton, Chief Executive Officer of Prairie Operating Co.
“These wells provide compelling evidence of the acreage’s quality and development potential and support the conversion of 30 gross POSS locations to PUD locations within Genesis OGDP I.”
Greg Patton, Chief Executive Officer of Prairie Operating Co.
“Converting acreage into proved reserves is an important step in increasing our measurable asset value, further strengthening our broader DJ Basin position and reinforcing the economic viability of future OGDP development, all with the goal of enhancing long-term shareholder value.”
* Initial Production rate (IP30) averaged approximately 722 Boe/d (81% oil) per well * Cumulative gross production since inception of 131,490 Boe * Results support the addition of 30 gross proved undeveloped (“PUD”) locations to Prairie’s reserves within Genesis OGDP I Houston, TX, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company focused on the development and acquisition of oil, natural gas and natural gas liquids in the Denver-Julesburg Basin, today announced successful initial production results from its Burnett Pad in Weld County, Colorado, with results validating the quality and future development potential of Prairie’s acreage within Genesis Oil and Gas Development Plan I (“Genesis OGDP I”) and the surrounding area.
Highlights * Initial production averaged approximately 722 Boe/d (81% oil) per well over the first 30 days * Four-well Burnett Pad generated cumulative gross production of 131,490 Boe through October 20, 2026 * Supports the conversion of 30 gross POSS locations to PUD locations within the Genesis OGDP I * Results reinforce Prairie’s acreage position and validate future expansion potential The Burnett Pad is part of the 5,700-acre Genesis OGDP I in rural Weld County. The strong drilling, completion, and early production performance support the commercial viability and expansion of nearby undeveloped locations and provides confidence in future development and expansion across the project area.
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