Prairie Operating (PROP) Corporate presentation summary

Q2 2026 operational achievements

• Completed multiple acquisitions in the DJ Basin, expanding productive well count to over 550 and drilling 27 wells year-to-date.

• Maintains over 600 future drilling locations, supporting approximately 10 years of low-breakeven inventory.

• Hedge portfolio supports cash flow and near-term development at $60–$64 per barrel.

• Focused on delivering results within AFE, enhancing capital efficiencies, and optimizing returns.

• Maintains leverage below peers and prioritizes shareholder value.

Asset profile and reserves

• Oil-rich production concentrated in rural Weld County, with a de-risked, high-quality development footprint.

• Inventory exceeds 600 technically validated locations, with 118.8 MMboe proved reserves (73% liquids) as of June 30, 2026.

• Blocky acreage position enables competitive pricing, midstream access, and commercial optionality.

• Demonstrates lower cost per foot in drilling and completion compared to peers.

• YTD 2026 production volume is approximately 22,500 Boe/d (49% oil).

Growth strategy and capital discipline

• Pursues accretive acquisitions focused on the core DJ Basin and targets liquids-rich, accessible locations.

• Funds drilling with free cash flow while maintaining a conservative balance sheet.

• Emphasizes organic growth, maximizing returns, and capital efficiency through best practices and cost optimization.

• Proactively manages regulatory, environmental, safety, and community matters.