Prairie Operating Co. Set to Join Russell 3000® Index
03 Junho 2024 - 8:30AM
Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”)
is set to join the broad-market Russell 3000® Index at the
conclusion of the 2024 Russell US Indexes annual reconstitution,
effective at the open of US equity markets on Monday, July 1st,
according to the list of additions posted Friday, May 31st.
The annual Russell US Indexes reconstitution
captures the 4,000 largest US stocks as of Tuesday, April 30th,
ranking them by total market capitalization. Membership in the US
all-cap Russell 3000® Index, which remains in place for one year,
means automatic inclusion in the large-cap Russell 1000® Index or
small-cap Russell 2000® Index as well as the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings, and style attributes.
"We are pleased to be included in the Russell
3000® Index, one of the most widely recognized performance
benchmarks for the U.S. stock market,” stated Ed Kovalik, Chairman
and Chief Executive Officer of the Company. “This achievement
reflects the effectiveness of our growth strategies and the
significant progress we have made as a Company. Being included in
the Russell Index broadens our investor base, and significantly
increases our visibility within the investment community.”
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. According to the data
as of the end of December 2023, about $10.5 trillion in assets are
benchmarked against the Russell US indexes, which belong to FTSE
Russell, a prominent global index provider.
Fiona Bassett, CEO of FTSE Russell, an LSEG
Business, added, “Russell indexes–now in their 40th year–continue
to evolve to reflect the dynamic US economy. Annual rebalancing
plays a vital role in establishing accurate benchmarks, ensuring
they correctly mirror their designated market segments and remain
unbiased in terms of size and style.”
For more information on the Russell 3000® Index
and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Prairie Operating Co.
Prairie Operating Co. is a Houston-based
publicly traded independent energy company engaged in the
development and acquisition of proven, producing oil and natural
gas resources in the United States. The Company’s assets and
operations are concentrated in the oil and liquids-rich regions of
the Denver-Julesburg (DJ) Basin, with a primary focus on the
Niobrara and Codell formations. The Company is committed to
the responsible development of its oil and natural gas resources
and is focused on maximizing returns through consistent growth,
capital discipline, and sustainable cash flow generation.
More information about the Company can be found
at www.prairieopco.com.
Forward-Looking Statements
The information included herein and in any oral
statements made in connection herewith include “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
present or historical fact included herein, are forward-looking
statements. When used herein, including any oral statements made in
connection herewith, the words “could,” “should,” “will,” “may,”
“believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,”
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on the Company’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law, the
Company disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
hereof. The Company cautions you that these forward-looking
statements are subject to risks and uncertainties, most of which
are difficult to predict and many of which are beyond the control
of the Company. There may be additional risks not currently known
by the Company or that the Company currently believes are
immaterial that could cause actual results to differ from those
contained in the forward-looking statements. Additional information
concerning these and other factors that may impact the Company’s
expectations can be found in the Company’s periodic filings with
the Securities and Exchange Commission (the “SEC”), including the
Company’s Annual Report on Form 10-K filed with the SEC on March
19, 2024, and any subsequently filed Quarterly Report and Current
Report on Form 8-K. The Company’s SEC filings are available
publicly on the SEC’s website at www.sec.gov.
Investor Relations Contact:Wobbe
Ploegsmawp@prairieopco.com832.274.3449
Prairie Operating (NASDAQ:PROP)
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