Prairie Provident Resources Inc.
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- Prairie Provident Resources Inc. is a Calgary-based independent oil and natural gas exploration, development and production company focused on conventional assets in Alberta, Canada; the company, founded in 2016 and headquartered at 1100, 640 - 5th Avenue SW, Calgary, Alberta, holds core positions in the Princess and Michichi areas of southern and central Alberta respectively, as well as the Provost area, with approximately 167,869 net acres in its Michichi core area targeting light/medium oil opportunities in the Basal Quartz trend and approximately 40 potential drilling locations there; it generates revenue from crude oil and condensate, natural gas liquids and natural gas production averaging 2,295 boe/d (57% liquids) in Q3 2025, while optimizing existing wells through reactivations, workovers and abandonment/reclamation activities pursuant to regulatory requirements. Prairie Provident's subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd. The company recently completed a C$26.5 million preferred share equity financing in November 2025 through the sale of 264,848 Class A preferred shares in Prairie Provident Resources Canada Ltd. to an affiliate of its largest shareholder at C$100 per share, accompanied by warrants exercisable for up to 379 million common shares, and concurrent debt amendments extending maturities of its First Lien Loan to March 31, 2028 and Second Lien Notes to September 30, 2028, while deferring cash interest on the First Lien Loan through 2026 and adjusting financial covenants; these transactions, following C$20.7 million in prior equity financings in late 2024 and spring 2025, supported the drilling, completion and tie-in of five horizontal Basal Quartz wells in Michichi during late 2024 through mid-2025, delineation of its land base in that play and plans for four additional wells before year-end 2025 plus five to six more in 2026, alongside the spud of a three-leg open-hole Ellerslie horizontal well in Princess in November 2025 and construction of a water disposal facility there to reduce operating costs.
Prairie Provident Resources Announces Fourth Quarter and Year-End 2025 Financial and Operating Results and 2025 Year End Reserves
Prairie Provident Resources Announces Operations Update
Prairie Provident Announces Share Consolidation
Prairie Provident Announces Third Quarter 2025 Results
Prairie Provident Announces Non-Binding Term Sheets for Preferred Share Investment and Debt Amendments to Strengthen Financial Position and Advance Drilling Program
Prairie Provident Announces Second Quarter 2025 Results
Prairie Provident Reports on AGM Voting Results
Prairie Provident Resources Announces Successful Basal Quartz Drilling Program and First Quarter 2025 Results
Prairie Provident Resources Announces Fourth Quarter and Year-End 2024 Financial and Operating Results, 2024 Year-End Reserves and Basal Quartz Update
Prairie Provident Announces Closing of Final Tranche of Equity Financing and Basal Quartz Operational Update
Prairie Provident Announces Spud of Basal Quartz Horizontal Well
Prairie Provident Announces Closing of Initial Tranche of Private Placement for $4.8 Million to Advance Basal Quartz Horizontal Drilling Program
Prairie Provident Announces up to $9.1 Million Brokered Equity Financing with $7.35 Million in Lead Orders and Basal Quartz Horizontal Drilling Program
Prairie Provident Resources Provides Basal Quartz Drilling Update
Prairie Provident Resources Announces Third Quarter 2024 Financial and Operating Results and Basal Quartz Drilling Update
Prairie Provident Announces Closing of Rights Offering
Prairie Provident Announces Management and Board of Director Changes and Drilling Update
Prairie Provident Announces Closing of Initial $10 Million Subscription under Rights Offering
Prairie Provident Announces Loan Amendments and $13.2 Million Equity Rights Offering With $12 Million of Committed Participation
Prairie Provident Announces Interim Extension of Senior Credit Facility