Prairie Operating gains approval for DJ basin development plan

March 14, 2024
Prairie Operating Co.’s Genesis I Oil & Gas Development Plan in Denver-Julesburg basin has been approved by the Colorado Energy and Carbon Management Commission.

(DJ) basin in rural Weld County, Colo., has been approved by the Colorado Energy and Carbon Management Commission (ECMC).

Genesis I OGDP encompasses 72 wells on two pads, developing 9-square miles of subsurface minerals. The two pads, Burnett and Oasis, will develop up to 18 3-mile lateral wells and up to 54 2-mile lateral wells, respectively. Combined with the previously announced bolt-on acquisition earlier this year, the company has added 80 new wells to its inventory in 2024 and will soon have over 140 permits upon the anticipated closing of the Nickel Road Operating asset acquisition announced in January (OGJ Online, Jan. 12, 2024).

In addition, Prairie has commenced work on the preparation and submission of a second Genesis OGDP (Genesis II), consisting of up to 5,760 mineral acres of subsurface development, with two pad locations drilling 42-54 planned wells. Prairie is targeting an April 2024 submission for the Genesis II OGDP with the ECMC.

Prairie Operating Co. is engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids with operations focused on unconventional oil and natural gas reservoirs in Colorado focused on the Niobrara and Codell formations.