Prairie Operating Co. posts 121 MMBoe reserves and $1.22B PV-10 valuation
Prairie Operating Co. reported year-end 2025 proved reserves of 121 MMBoe, comprising 60 MMBbl oil, 195 Bcf natural gas and 29 MMBbl NGLs, with 68 MMBoe proved developed and 53 MMBoe proved undeveloped. The reserves carry a PV-10 valuation of $1.22 billion and support an exit rate production of 28,000 Boe/d.
1. Year-End 2025 Reserve Breakdown
At year-end 2025, Prairie Operating Co.’s total proved reserves reached 121 MMBoe, including 60 million barrels of oil, 195 billion cubic feet of natural gas and 29 million barrels of NGLs; 68 MMBoe are classified as proved developed and 53 MMBoe as proved undeveloped.
2. PV-10 Valuation and Future Cash Flows
Using SEC pricing of $65.34 per barrel of oil and $3.387 per MMBtu of gas, adjusted net realized prices were $62.99 per barrel of oil, $0.797 per Mcf of gas and $18.56 per barrel of NGLs. Estimated future net cash flows before taxes total $2,414 million, with a PV-10 of $1,220 million, 71% of which is attributed to proved developed reserves.
3. Exit Rate Production and Development Outlook
Prairie achieved an operated and non-operated exit rate production of approximately 28,000 Boe/d, reflecting the durability of its producing asset base and the impact of recent development activities in the DJ Basin. This exit rate underpins the company’s strategy to optimize capital structure and drive long-term shareholder value.