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Prairie Operating Co., LLC (PROP) Reports Year-End Proved Reserves Evaluation Results

Prairie Operating Co., LLC (NASDAQ:PROP) is among the 11 Fastest Growing Penny Stocks to Buy Right Now.

On March 5, 2026, Prairie Operating Co., LLC (NASDAQ:PROP) reported the results of its independent year-end proved reserves evaluation for its oil and natural gas properties. The assessment was prepared by Cawley, Gillespie & Associates with an effective date of December 31, 2025, and was conducted under SEC guidelines, including Item 1202(a)(8) of Regulation S-K. Prairie reported total proved reserves of about 121 million barrels of oil equivalent, including 60 million barrels of oil, 195 billion cubic feet of natural gas, and 29 million barrels of natural gas liquids. Of the total, about 68 MMBoe were classified as proved developed reserves and 53 MMBoe as proved undeveloped. Operated and non-operated production at year-end 2025 was approximately 28,000 barrels of oil equivalent per day.

Using SEC pricing as of December 31, 2025 of $65.34 per barrel of oil and $3.387 per MMBtu of natural gas, and adjusting for transportation and other differentials, Prairie estimated net realized prices of $62.99 per barrel of oil, $0.797 per Mcf of natural gas, and $18.56 per barrel of natural gas liquids over the life of its proved properties. Estimated future net cash flows before federal income taxes tied to proved reserves totaled about $2.41 billion, with a discounted present value of roughly $1.22 billion using a 10% annual discount rate. About $860 million, or 71%, of that value is attributed to proved developed reserves.

On March 3, 2026, Prairie Operating announced leadership changes, including the voluntary resignation of CEO and Chairman Edward Kovalik and the retirement of President and Director Gary Hanna. The board appointed director Richard Frommer as Interim President and CEO while a search for a permanent chief executive is underway, and named Erik Thoresen as Chairman of the Board. The company said the search process will include both internal and external candidates.

Prairie Operating Co., LLC (NASDAQ:PROP) is an oil and gas production company focused on energy development.

While we acknowledge the potential of PROP as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Tech Stocks that Beat Earnings Estimates and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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