Prairie Operating Co. executed a strategic hedging program covering approximately 85% of its current daily production prior to stave off continued drops in oil and gas prices, the energy company said in an April 10 press release.

Approximately 85% of its remaining 2025 daily production is locked in at $68.27/bbl WTI and $4.28/MMBtu Henry Hub, Prairie said.

From 2026 to first-quarter 2028, Prairie’s daily production is estimated at $64.29/bbl WTI and $4.09/MMBtu Henry Hub.

As of 3:46 p.m. CST  on April 10, U.S. WTI crude futures had fallen $2.18, or 3.48%, to $60.17/bbl. Brent crude futures fell $2.06, or 3.15%, to $63.71/bbl. Gas futures followed oil’s pullback and fell $0.30 or, 7.94%, to $3.51/MMBtu.

The company implemented the hedges following the closing of Denver-Julesburg (D-J) Basin assets from Bayswater Exploration and Production for $602.75 million.

The deal added an average of 26,000 boe/d (69% liquids) in net production across approximately  24,000 net acres in Weld County, Colorado.

"Our hedging strategy is a powerful example of how we're executing our broader growth plan with discipline and foresight," said Edward Kovalik, chairman and CEO of Prairie. "We've protected cash flows, reduced risk, and positioned the Company to accelerate growth while delivering long-term shareholder value."

The hedging program secures strong cash flow and reinforces the company's commitment to capital discipline and long-term value creation, Prairie said.

The company also started work on an 11-well Rusch Pad in Weld County targeting the Niobrara and Codell formations.

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