(Oil & Gas 360) Richard N. Frommer appointed as Interim President and CEO Erik Thoresen appointed as Chairman of the Board HOUSTON, Texas, March 03, 2026 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our,” or “us”), an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids resources in
(World Oil)– Japan Petroleum Exploration Co., Ltd. (JAPEX) has approved the acquisition of U.S. tight oil and gas assets through the purchase of all equity interests in Verdad Resources Intermediate Holdings LLC, marking a significant expansion of its North American upstream portfolio. The transaction will be executed via Peoria Resources Acquisition Company, LLC, an overseas subsidiary managed by Peoria Resources,
(World Oil)– Civitas Resources Inc. reported strong financial and operating results for the third quarter of 2025, driven by higher production, lower costs, and continued balance sheet strength. The company earned net income of $177 million, generated $860 million in operating cash flow, and achieved Adjusted EBITDAX of $855 million, exceeding internal forecasts. Oil and total production volumes rose 6%
(World Oil)– Civitas Resources announced two major updates on Aug. 6: the reinstatement of a capital return program and a leadership transition that places Board Chair Wouter van Kempen in the role of interim CEO. The company’s Board of Directors has approved a renewed capital allocation strategy aimed at balancing shareholder returns and debt reduction. Civitas plans to allocate future
(World Oil) – Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at approximately $603 million. “We are pleased to get this deal across the finish line with Prairie Operating Co.,” said Steve Struna, President and CEO
(World Oil) – Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company, has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company in a cash and stock transaction valued at approximately $603 million. “Today’s agreement represents the culmination of years of work by our talented and dedicated DJ
(Yahoo Finance) – Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. The company is working with a financial adviser to gauge buyer interest and would be open to divesting fully from the
(Oil & Gas 360) – Includes Fiscal Year 2025 Adjusted EBITDA range of $100 – $140 million HOUSTON, TX, Jan. 15, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced its operational and financial guidance for 2025. These guidance metrics reflect Prairie’s strong performance and growth strategy as it continues to unlock value in the
Oil and Gas 360 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
World Oil (WO) – In its Full Year 2023 financial results, Civitas Resources revealed it increased production in the Permian and DJ basins in Q4 2023. It also unveiled plans to continue drilling momentum at the assets in 2024. 2024 outlook. In the report, the company maintained its previously-provided 2024 production guidance and decreased its estimated 2024 capital expenditures by
Oil and Gas 360 NEWS PROVIDED BY Bayswater Exploration & Production, LLC 12 Feb, 2024, 13:08 ET DENVER, Feb. 12, 2024 /PRNewswire/ — Bayswater Exploration & Production (Bayswater), a Denver-based oil and natural gas development company, recently acquired assets that will continue to expand its operations in the Denver Julesburg (DJ) Basin in Weld County, Colorado. In an agreement with Confluence DJ LLC, a
Oil and Gas 360 HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel Road Operating LLC (“NRO”) for a total consideration of $94.5 million, subject to certain closing price adjustments and other customary closing conditions. The total consideration
