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. (PROP) Completes Nine Opal/Coalbank Wells, Turns 11 Niobrara and Codell Wells to Sales

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.

While we acknowledge the potential of PROP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PROP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Gold Royalty and Small-Cap Gold Stocks to Invest in Now and 11 Best Coal Stocks to Buy According to Hedge Funds.

Disclosure: None.