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HOUSTON - Prairie Operating Co. (NASDAQ:PROP), an independent energy company, announced today the appointment of Maree K. Delgado as Senior Vice President of Accounting & Controller. Delgado, a seasoned professional with over 20 years of experience in the energy sector, will bring her expertise in financial accounting, regulatory compliance, and risk management to the Houston-based company.
Delgado’s career includes a recent role as E&P Controller at Antero Resources Corporation, where she oversaw financial reporting and compliance, among other responsibilities. Her experience also extends to executive positions at Ultra Petroleum Corp, now known as PureWest Energy, where she served as Vice President and Chief Accounting Officer.
A Certified Public Accountant, Delgado holds a Bachelor of Commerce in Accounting and Business Law from Curtin University of Technology, Australia. Her global experience includes managing energy-focused audits with KPMG across multiple continents.
Greg Patton, EVP and CFO of Prairie, expressed confidence in Delgado’s leadership abilities and her potential contribution to the company’s strategic growth plan. Prairie Operating Co. focuses on the development and acquisition of oil and natural gas resources in the Denver-Julesburg Basin, particularly within the Niobrara and Codell formations.
The company’s commitment to responsible development and maximizing returns through growth and capital discipline is expected to be supported by Delgado’s appointment. This news comes following the company’s latest Annual Report filed on March 6, 2025. InvestingPro analysis reveals several key challenges facing the company, including rapid cash burn and short-term obligations exceeding liquid assets, with a current ratio of 0.29. Subscribers to InvestingPro can access 13 additional key insights about Prairie’s financial health and growth prospects.
The information provided in this article is based on a press release statement from Prairie Operating Co.
In other recent news, Prairie Operating Co. has completed the acquisition of oil and gas properties from Bayswater Resources, as detailed in their SEC filing. This acquisition is expected to enhance Prairie Operating Co.’s position in the oil and gas sector, incorporating new assets into its portfolio. Additionally, the company has extended the termination date of its Purchase and Sale Agreement with Bayswater Entities to March 20, 2025, allowing more time to finalize the transaction. Analysts from Piper Sandler have initiated coverage on Prairie Operating with an Overweight rating and set a price target of $11.00, citing strategic consolidation efforts in the northern DJ basin. Meanwhile, Clear Street has initiated coverage with a Buy rating and a $16.00 price target, pointing to Prairie Operating’s growth prospects and cost efficiency. Clear Street also forecasts significant production growth for the company, with a 72% increase projected for next year. The firm’s analysts highlight Prairie Operating’s advantage as a low-cost operator in the DJ Basin, which is expected to lead to higher EBITDA margins. Prairie Operating’s recent developments indicate ongoing efforts to expand its footprint in the energy sector.
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