Prairie Operating Business Summary

Prairie Operating Co. (PROP) is an independent energy firm specializing in the acquisition and development of unconventional oil and natural gas assets within the Denver-Julesburg (DJ) Basin. The company’s revenue model is driven by the extraction and sale of crude oil, natural gas, and natural gas liquids (NGLs), operating as a pure-play upstream exploration and production (E&P) entity. Its core operations are concentrated in the Niobrara and Codell formations of Weld County, Colorado, where it utilizes advanced horizontal drilling and hydraulic fracturing to exploit its approximately 37,000 net acres. PROP competes in a high-density region alongside major operators such as Civitas Resources, Occidental Petroleum, and Chevron. Compared to these diversified majors, Prairie Operating Co. functions as a lean, growth-oriented junior producer, focusing on high-return inventory and strategic bolt-on acquisitions to expand its footprint in the rural DJ Basin. The leadership team is anchored by Co-Founder and CEO Edward Levy, who brings extensive experience in energy-focused capital markets, and President Gary C. Hanna, a seasoned executive with a history of leading E&P firms including EPL Oil & Gas and Rosehill Resources. The executive suite is further bolstered by CFO Bryan Guderian, who previously held senior leadership roles at WPX Energy, contributing significant expertise in unconventional resource development and financial strategy. The company’s strategic direction is supported by a board that includes Paul Kessler, a prominent investor and founder of Bristol Capital. This management team oversaw the company’s transition from a legacy technology shell into a focused energy operator, leveraging their collective pedigree in resource play execution and institutional finance to scale operations in the Colorado energy corridor.