{"id":801481,"date":"2025-01-16T07:33:21","date_gmt":"2025-01-16T12:33:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/prairie-operating-co-expands-executive-management-team-with-key-appointments\/"},"modified":"2025-01-16T07:33:21","modified_gmt":"2025-01-16T12:33:21","slug":"prairie-operating-co-expands-executive-management-team-with-key-appointments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/prairie-operating-co-expands-executive-management-team-with-key-appointments\/","title":{"rendered":"Prairie Operating Co. Expands Executive Management Team with Key Appointments"},"content":{"rendered":"
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HOUSTON, TX, Jan. 16, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the \u201cCompany\u201d or \u201cPrairie\u201d) today announced the expansion of its executive management team with the addition of four seasoned industry leaders. These appointments underscore Prairie\u2019s commitment to strengthening its leadership team to drive growth, innovation, and operational excellence.<\/p>\n

\n Introducing the New Leadership Team Members<\/b>\n <\/p>\n

\n Gregory S. Patton – Executive Vice President \u2013 Commercial Development<\/b>: Mr. Patton brings over 15 years of experience in oil and gas operations, including his recent experience as an executive at Great Western Petroleum in the Denver Julesburg (\u201cDJ\u201d) Basin.\u00a0 His proven track record includes M&A, public debt and equity offerings, midstream, and implementation of cutting-edge technologies. As Executive Vice President of Commercial Development, Mr. Patton will oversee Prairie\u2019s commercial efforts, including but not limited to the Company\u2019s strategic initiatives, corporate development and midstream efforts to help drive development and efficiencies for the Company.<\/p>\n

\n Lou Basenese, Executive Vice President \u2013 Market Strategy<\/b>: With over 25 years of experience, Mr. Basenese brings extensive expertise in financial management, strategic planning and thought leadership development. Mr. Basenese has successfully led financial initiatives for several publicly listed companies, his recent track record includes working directly with members of the NYSE, NASDAQ, and multiple national media organizations, including Fox News and Fox Business. \u00a0As Executive Vice President of Market Strategy, Mr. Basenese will manage Prairie\u2019s promotional initiatives, marketing campaign strategy, and liaise with mainstream and alternative media outlets.<\/p>\n

\n Tim Smith, Senior Vice President of Reservoir Engineering<\/b>: Mr. Smith brings deep technical expertise in geology and reservoir engineering, with over 15 years of experience in the energy sector. His prior experience with private-equity back E&P ventures provides a valuable skill set to Prairie as we continue to expand, lease, and expand our presence in the DJ Basin.\u00a0 As Senior Vice President of Reservoir Engineering, Mr. Smith will lead Prairie\u2019s exploration and reserves efforts, focusing on unlocking value in the DJ Basin and other strategic regions.<\/p>\n

\n Steve R. Stacy, Senior Vice President of Land<\/b>: Mr. Stacy brings extensive experience in land management and negotiations, with a career spanning over 34 years in the oil and gas industry.\u00a0 His most recent experiences include being an executive at Great Western Petroleum in the DJ basin, and included M&A, management and aggregation of significant land positions. As Senior Vice President of Land, Mr. Stacy will oversee land acquisition, a robust leasing program, permitting and planning initiatives and be a familiar face to stakeholder relationships that will support Prairie\u2019s operational goals.<\/p>\n

\n Positioning Prairie for Future Growth<\/b>\n <\/p>\n

\u201cThe addition of these accomplished executives to our leadership team reflects our dedication to building a world-class organization,\u201d said Edward Kovalik, Chairman and Chief Executive Officer of Prairie Operating Co. \u201cTheir expertise and leadership will be instrumental as we execute our strategy to maximize value from our growing portfolio of assets and deliver sustainable results for our shareholders.\u201d<\/p>\n

\n Driving Operational Excellence and Innovation<\/b>\n <\/p>\n

The newly expanded executive team will play a pivotal role in achieving Prairie\u2019s mission to become a leading operator in the DJ Basin. Together, they bring a wealth of knowledge and experience that will enhance Prairie\u2019s ability to:<\/p>\n