Prairie Operating Co. (PROP) company profile
Close on Nov 13, 2026Market cap $47.69MP/E –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
- Former tickers
- CRKR until Jan 24, 2024; WIZD until Mar 31, 2022
- Exchange
- Nasdaq
- IPO date
- Feb 19, 2013
- 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, Feb 27, 2020
- SEC CIK
- 1162896
- CUSIP
- 739650109
- ISIN
- US7396501097
- FIGI
- BBG000KLG7V3
- Share class FIGI
- BBG001T2Y6H2
- 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 | 2,947,286 |
| Edward Kovalik | Chief Executive Officer, Director | 2,010,076 |
| Gary C. Hanna | President, Director | 2,023,217 |
| Daniel T. Sweeney | EVP, GC and Corp. Sec. | 2,066,534 |
| Bryan Freeman | EVP of Operations | 2,062,013 |
| Michael James Shelly | Executive Vice President & CFO | 840,000 |
| Robert Craig Owen | EVP and CFO | 143,248 |
| Richard N. Frommer | Director | 333,372 |
| Jennifer M. Grigsby | Director | – |
| Jonathan H. Gray | Director | 1,687,829 |
| Erik Thoresen | Director | 220,760 |
| 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 | $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.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Edward Kovalik Former Chairman and Chief Executive Officer | $750.00K | $550.00K | $5.62M | $16.20K | $6.93M | +79% |
| Gary C. Hanna Former President | $675.00K | $550.00K | $5.62M | $14.00K | $6.86M | +77% |
| Gregory S. Patton Executive Vice President and Chief Financial Officer | $550.00K | $350.00K | $3.94M | $16.20K | $4.85M | – |
| Craig Owen Former Executive Vice President and Chief Financial Officer | $475.00K | $475.00K | $0 | $12.92K | $962.92K | -56% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2024, we employed 19 full-time employees.”
Corporate history
Events identified from SEC filings
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