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Stock impact report

Prairie Operating Co. Spuds its First Well at Shelduck South in the DJ Basin

Prairie Operating Co. (PROP) 
NASDAQ:AMEX Investor Relations: pledgepcorp.com
Company Research Source: GlobeNewswire
HOUSTON, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the spud of Shelduck South 8E5NCM with Precision E-Drilling Rig (“E-rig”) 461 in Weld County, Colorado.  The Shelduck South development will encompass eight two-mile lateral wells alternating between the Niobrara B and C Chalks.  Drilling of all eight wells is expected to be completed by late October.  Hydraulic fracturing is anticipated to commence in early November with production beginning by late December.  Consistent with the Company's commitment to minimizing environmental impacts, Prairie will utilize Precision’s E-rig 461, powered by natural gas generators with battery backup, and expects to fully electrify the Shelduck South production facilities by line power. The Shelduck South development, part of Prairie’s Genesis Bolt-on Assets, encompasses approximately 1,280 mineral acres. The project marks the commencement of Prairie’s developme Show less Read more
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