Prairie Operating Co.'s Director Lee Stephen Buys 2,500 Shares at $2.51/Share.

Prairie Operating Co.[PROP] has announced that Director Lee Stephen has recently acquired 2500 shares at a price of $2.51 per share on September 2, 2025.

Houston, TX, September 2, 2025 - Prairie Operating Co. (Nasdaq: PROP), an independent energy company focused on the development and acquisition of oil, natural gas, and natural gas liquids (NGL) resources in the Denver-Julesburg (DJ) Basin, has provided an update on its recent operational activities and 2025 drilling and completion schedule. Additionally, the company has announced that Director Lee Stephen has recently acquired 2500 shares at a price of $2.51 per share on September 2, 2025 [1].

Operational Highlights

Prairie has completed and turned in line (TIL) nine wells at the Opal/Coalbank pad, which were acquired as Drilled and Uncompleted (DUC) locations from the Bayswater transaction. The initial production rate over the first 30 days (IP30) averaged approximately 525 boepd per well. The Rusch pad has finished drilling, completion, and drill-out operations on 11 wells, targeting multiple horizons, including the Niobrara A, B, and C zones, as well as the Codell formation. The Noble pad has completed four 2-mile U-turn wells and three 1-mile lateral wells, representing the company’s first U-turn wells. The Simpson pad is currently drilling with a Precision rig and is expected to reach total depth for the second of six 2-mile initial occupation wells across the Niobrara and Codell formations by the end of the fourth quarter of 2025 [1].

2025 Drilling and Completion Schedule

Prairie's 2025 drilling and completions schedule includes 41 wells, with 10 additional locations to be drilled. The company plans to execute 32 high-return workovers in the third and fourth quarters. The drilling program may vary depending on the optimization of the asset base [1].

Share Acquisition by Director

Director Lee Stephen has recently acquired 2500 shares at a price of $2.51 per share on September 2, 2025. This acquisition underscores the company's positive outlook and the confidence of its leadership in the current market conditions [1].

About Prairie Operating Co.

Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas resources in the United States. The company's assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. Prairie is committed to the responsible development of its resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation [1].

References

[1] Prairie Operating Co. Provides Operations Update. (2025, September 2). Retrieved from https://www.globenewswire.com/news-release/2025/09/02/3142607/0/en/Prairie-Operating-Co-Provides-Operations-Update.html