Prairie Operating Co. announced the Colorado Energy and Carbon Management Commission (ECMC) approved the Company?s Genesis I Oil & Gas Development Plan (OGDP). The Genesis I OGDP encompasses 72 wells on two pads, developing 9-square miles of subsurface minerals in rural Weld County, Colorado.

The two pads, the Burnett and Oasis, will develop up to 18 three-mile lateral wells and up to 54 two-mile lateral wells, respectively. Combined with the previously announced bolt-on acquisition earlier this year, the Company has added 80 new wells to its inventory in 2024 and will soon have over 140 permits upon the anticipated closing of the Nickel Road Operating (?NRO?) asset acquisition announced in January. In addition, Prairie has commenced work on the preparation and submission of a second Genesis OGDP (the Genesis II OGDP), consisting of up to 5,760 mineral acres of subsurface development, with two pad locations drilling between 42 and 54 planned wells.

The Company is targeting an April 2024 submittal for the Genesis II OGDP with the ECMC.