Prairie Operating Co.

Prairie Operating Co. is an independent energy company headquartered in Houston, Texas, primarily focused on the acquisition, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) resources in the United States. The company aims to maximize returns through consistent growth, capital discipline, and sustainable cash flow generation, emphasizing responsible and environmentally sound energy development.

The company's operations are concentrated in the oil and liquids-rich Denver-Julesburg (DJ) Basin, specifically targeting the Niobrara and Codell formations, where it holds a significant acreage position. While the company strategically pivoted from cryptocurrency mining to oil and gas in May 2023, some reports indicate it continues to engage in digital asset mining, primarily Bitcoin, alongside its core energy business.

In March 2026, Richard N. Frommer was appointed Interim President and CEO, succeeding Edward Kovalik, with Erik Thoresen named Chairman of the Board. Recent operational updates in late 2025 highlighted successful drilling and completion activities in the DJ Basin, contributing to production growth. The company also announced its year-end 2025 financial results in March 2026. Despite expanding its asset base through a significant acquisition in March 2025, Prairie Operating Co. has navigated market challenges, including stock performance fluctuations and capital structure considerations.