After the Recent Completions, Prairie Operating (PROP) Turns 11 Niobrara and Codell Wells to Sales

With significant upside potential, Prairie Operating Co. (NASDAQ:PROP) secures a spot on our list of the 7 best oil and gas penny stocks to buy according to analysts.

Prairie Operating Co. (NASDAQ:PROP) reported on September 2 that nine wells from its Opal/Coalbank pad have been completed, resulting in a first 30-day average production rate of 525 barrels of oil equivalent per day (boepd).

Prairie Operating Co. (NASDAQ:PROP)’s place in the Denver-Julesburg Basin, where it is still advancing several projects, is strengthened by wells that were purchased in the Bayswater deal.

Furthermore, while the Nobel pad’s four 2-mile U-turn wells and three 1-mile laterals are under drill-out, with initial output anticipated by Q4 2025, 11 wells across the Niobrara and Codell zones are being turned to sales at the Rusch pad. Moreover, with six 2-mile wells scheduled for completion later this year, the Simpson pad is making headway. Prairie Operating Co. (NASDAQ:PROP) completed two bolt-on acquisitions last month to support these initiatives, increasing its oil-weighted inventory and adding 16,000 net acres.

As one of the best oil and gas penny stocks, Prairie Operating Co. (NASDAQ:PROP) develops natural gas, oil, and NGL resources in the U.S.

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