HOUSTON, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) today announces that Paul L. Kessler has resigned as a member of Prairie’s Board of Directors, effective October 30, 2024. Mr. Kessler, citing time constraints posed by scheduling and professional commitments, played a key role in structuring the Company and creating value for the resulting entity.
“We are saddened to lose Paul as a valued member of Prairie’s Board of Directors” stated Edward Kovalik, Chairman and CEO of the Company. “While we appreciate that Paul has numerous outside commitments, his unwavering commitment, insight and dedication to the Company will be missed.”
Mr. Kessler continued, “It has been my pleasure to serve alongside you through the structuring phase of the Company. I offer my best wishes to the Company for its continued success.”
As the Company continues its drilling and acquisition growth strategy in the Denver-Julesburg (DJ) Basin, Prairie’s Nomination and Governance Committee intends to begin the process of identifying and interviewing independent candidates, with a focus on technical basin knowledge, to fill the vacancy.
About Prairie Operating Co.
Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.
More information about the Company can be found at www.prairieopco.com.
