Prairie Operating Co.: directors' dealings · United States · SEC (Form 4)

About Prairie Operating Co.

Prairie Operating Co. (ticker: PROP) is a U.S.-based independent energy company listed on the Nasdaq Capital Market in the United States. For French-speaking investors, the company should be viewed primarily as an oil-and-gas producer and developer with a concentrated asset base in the Denver-Julesburg (DJ) Basin, one of the more closely watched onshore U.S. hydrocarbon regions. According to its recent SEC filings, Prairie operates in a single reportable segment: the acquisition, development, and production of crude oil, natural gas, and natural gas liquids (NGLs). ([sec.gov](https://www.sec.gov/Archives/edgar/data/1162896/000114036126012036/ef20060649_10k.htm?utm_source=openai)) Prairie Operating Co. is headquartered in Houston, Texas, with its business address at 55 Waugh Drive, Suite 400, Houston, TX 77007. Public disclosures describe the company as an independent energy business, meaning it is not part of a larger integrated oil major. From an equity research perspective, that makes its investment case dependent on asset quality, drilling execution, balance-sheet flexibility, and successful capital allocation rather than downstream integration or global diversification. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1162896/000114036126019153/0001140361-26-019153-index.htm?utm_source=openai)) The company’s recent history has been defined by rapid expansion through acquisitions. In February 2025, Prairie announced the acquisition of DJ Basin assets from Bayswater Exploration and Production for approximately $600 million, a transaction described by management as a transformational milestone. Throughout 2025, the company continued to pursue bolt-on deals and inventory expansion, reinforcing its footprint in the DJ Basin and building a more scalable operated platform. That strategic direction is important because Prairie’s competitive position rests on being a focused basin operator with enough scale to execute drilling and development efficiently while still retaining the agility of a mid-cap E&P company. ([globenewswire.com](https://www.globenewswire.com/news-release/2025/02/07/3022654/0/en/Prairie-Operating-Co-Announces-Acquisition-of-DJ-Basin-Assets-from-Bayswater-Exploration-and-Production-for-Approximately-600-Million.html?utm_source=openai)) Operationally, Prairie has emphasized drilling efficiency, cost discipline, and repeatable well performance. In its first-quarter 2026 update, management reported that 17 wells had been drilled year-to-date across key development pads, with improved spud-to-rig-release times and cost savings versus AFE. The company also reaffirmed 2026 guidance for average daily production of 25,500 to 27,500 Boe/d, capital expenditures of $200 million to $220 million, and Adjusted EBITDA of $240 million to $260 million. Those figures indicate a company still in growth mode, while also trying to balance production growth with disciplined spending. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/05/14/3295412/0/en/Prairie-Operating-Co-Announces-First-Quarter-2026-Results-and-Reaffirms-2026-Guidance.html?utm_source=openai)) Recent developments also include a steady flow of SEC Form 4 insider-transaction reporting. The filings show equity awards such as restricted stock units and performance units under Prairie’s 2024 Amended & Restated Long-Term Incentive Plan, which signals an effort to align management with long-term shareholder value creation. Overall, Prairie Operating Co. is best characterized as a U.S. Nasdaq-listed upstream energy company, centered on the DJ Basin, with a strategy built around acquisition-led growth, operating efficiency, and ongoing portfolio optimization. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001162896/000114036125031556/xslF345X05/form4.xml?utm_source=openai))