Prairie Operating Co. announced that it has submitted its Weld County Oil and Gas Location Assessment (WOGLA) for sites within the Genesis Oil and Gas Development Plan (OGDP) and has begun the application process for its second OGDP. Following the September 15th submittal of the Genesis OGDP with the Colorado Energy and Carbon Management Commission (ECMC) for the Burnett and Oasis locations, Prairie subsequently submitted its Weld County Oil and Gas Location Assessment (WOGLA) for each of these two (2) locations.

The Burnett and Oasis locations will develop eighteen (18) three-mile lateral wells and fifty-four (54) two-mile lateral wells, respectively, encompassing 9-square miles or 5,772 subsurface mineral acres in rural Weld County, Colorado. The Company anticipates that both the WOGLA hearings in Weld County and the OGDP hearing in front of the Colorado ECMC will take place during the first quarter of 2024. In addition, Prairie has commenced work on its second OGDP, consisting of up to 6,400 subsurface mineral acres of development, with three-to-four (3-4) locations drilling between seventy-two-to-ninety (72-90) wells.

The Company is targeting a first quarter 2024 submittal for the second OGDP with the Colorado ECMC.