Promise (PROP)
WSE 
Summary
PROP Chart
Prairie Operating Targets Free Cash Flow as Production Growth Accelerates
Prairie Operating NASDAQ: PROP outlined its production growth, drilling plans and capital priorities following its second-quarter results, with Chief Executive Officer Greg Patton saying the company is shifting from rapid asset accumulation toward refining its development strategy and strengthening its balance sheet.
Prairie Operating Co. (PROP) Q2 Earnings Top Estimates
Prairie Operating Co. (PROP) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.18 per share a year ago.
Analysts Estimate Prairie Operating Co. (PROP) to Report a Decline in Earnings: What to Look Out for
Prairie Operating Co. (PROP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Promise Profile
| Capital Markets Industry | Financials Sector | Gregory Patton CEO | WSE Exchange | US7396501097 ISIN |
| US Country | 59 Employees | - Last Dividend | 16 Oct 2023 Last Split | - IPO Date |
Overview
Prairie Operating Co. stands as an independent energy firm with a focus on the exploration, development, and production of oil, natural gas, and natural gas liquids primarily within the United States. The company's operational footprint spreads across significant geological formations, with substantial assets located in the Denver-Julesburg Basin in Colorado, including the prolific Niobrara and Codell formations. Rooted in Houston, Texas, Prairie Operating Co. is strategically positioned in the energy sector, leveraging its expertise and resource-rich assets to deliver energy solutions.
Products and Services
- Oil Exploration and Production
Prairie Operating Co. leverages advanced exploration techniques and technologies to discover and produce oil. Their operations in the Denver-Julesburg Basin and other areas focus on extracting high-quality crude oil, catering to the energy market's demand.
- Natural Gas Exploration and Production
The company is also heavily involved in the exploration and production of natural gas. By tapping into its assets in key formations, Prairie Operating Co. is able to supply natural gas, which is pivotal for heating, electricity generation, and as a feedstock for various industrial processes.
- Natural Gas Liquids (NGLs) Production
Alongside crude oil and natural gas, Prairie Operating Co. extracts natural gas liquids. NGLs, which include ethane, propane, butanes, and natural gasoline, are vital for the petrochemical industry, used in producing plastics, rubbers, and other valuable products.
