WTI's steady cash flow and rising gas output outshine PROP's high-risk DJ Basin scale-up in this E&P stock showdown.

Rising Phoenix Royalties, a privately held mineral and royalty acquisition firm, announced the closing of a strategic ...

Prairie Operating pops as Piper Sandler starts at Overweight as growing DJ Basin consolidator Apr. 30, 2025 1:08 PM ET Prairie Operating Co. (PROP) Stock By: Carl Surran, SA News Editor 5 Comments ...

The DJ Basin also benefits from a regional gas market that imports from Canada, potentially offering better pricing than the oversupplied Texas gas markets. In particular, the $603 million ...

DJ Basin operator Prairie Operating Co. PROP is shaping its growth story around disciplined cash flow deployment. With no near-term debt maturities and a firm emphasis on liquidity, PROP aims to fund ...

Prairie Operating Co (NASDAQ: PROP) acquired assets from Edge Energy for $12.5M in cash, funded by credit facility. This non-dilutive transaction enhances its footprint in DJ Basin.

However, unbeknownst to investors, oil production in the DJ Basin peaked in the fourth quarter of 2024 and, during the same period, Civitas began reducing the pace in which it turned in new lines.

Furthermore, PROP’s well productivity still trails DJ Basin leaders like Chevron and Civitas Resources. Until asset performance catches up, valuation concerns are likely to persist.

Its assets include DJ Basin assets that comprise ~356,800 net acres located in Colorado. The Permian Basin assets comprise 120,400 net acres located in Texas and New Mexico.

With an estimated 10-year inventory runway and over 580 gross locations, Prairie Operating Co.’s strategy positions it for long-term growth in a basin where large-cap competitors are pulling back.