Prairie Operating Co.
Close on Oct 19, 2026
- Market cap
- $66.40M
- P/E (TTM)
- –
- Dividend yield
- –
About Prairie Operating
Crude Petroleum & Natural Gas, SIC 1311
Prairie Operating Co. is an independent oil and natural gas company. The company focuses on acquiring and developing crude oil, natural gas, and natural gas liquids assets. It explores, drills, and extracts energy resources to supply the broader energy market, delivering energy through next-generation technologies and drilling techniques.
The company's primary operations and holdings are situated in rural Weld County, Colorado, within the Denver-Julesburg Basin. Its physical footprint consists of the Central Weld Assets, encompassing roughly 45,000 net leasehold acres across 56,200 gross acres, along with the Genesis Assets, which cover around 23,000 net leasehold acres across 42,000 gross acres. Prairie Operating Co. maintains its principal executive offices and headquarters in Houston, Texas.
Summary of the business section of Prairie Operating's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Prairie Operating Co.
- Founded
- 1991
- Headquarters
- Houston, TX
- Address
- 55 Waugh Drive, Suite 400 77007
- Phone
- (713) 424-4247
- Website
- www.wizardworld.com
- Employees
- 19, Dec 31, 2024
- Industry
- Crude Petroleum & Natural Gas
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Houston, Texas
Stock & identifiers
- Ticker
- PROP
- Exchange
- Nasdaq
- Shares outstanding
- 113M, Aug 10, 2026
- Public float
- $74.13M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-28.5 reverse, Nov 14, 2023; 1-for-20 reverse, Mar 30, 2020; 1-for-20 reverse, Feb 27, 2020
- SEC CIK
- 1162896
- CUSIP
- 739650109
- ISIN
- US7396501097
- LEI
- 549300NX50XL5HR17C26
- EIN
- 98-0357690
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Gregory Scott Patton | Chief Executive Officer, Director | 1,116,224 |
| Edward Kovalik | Chief Executive Officer, Director | 2,010,076 |
| Gary C. Hanna | President, Director | 2,023,217 |
| Michael James Shelly | Executive Vice President & CFO | 840,000 |
| Daniel T. Sweeney | EVP, GC and Corp. Sec. | 566,534 |
| Bryan Freeman | EVP of Operations | 622,013 |
| Robert Craig Owen | EVP and CFO | 143,248 |
| Jennifer M. Grigsby | Director | – |
| Erik Thoresen | Director | 220,760 |
| Jonathan H. Gray | Director | 1,687,829 |
| Richard N. Frommer | Director | 305,372 |
| Stephen Lee | Director | 94,671 |
| Gizman I. Abbas | Director | 101,882 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Edward Kovalik | $6.93M | $4.22M | $4.22M | $2 | – |
| FY2025 John DMaatta | $0 | $0 | $4.22M | $2 | – |
| FY2024 Edward Kovalik | $3.86M | $3.57M | $3.01M | $8 | – |
| FY2024 First PEO | $3.86M | $3.57M | $3.01M | $8 | – |
| FY2024 John DMaatta | $0 | $0 | $3.01M | $8 | – |
| FY2023 Edward Kovalik | $1.63M | $1.63M | $2.56M | $11 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2024, we employed 19 full-time employees.”
Corporate history
Events identified from SEC filings