Prairie Operating Other Income/Expense

What does Prairie Operating do? Prairie Operating Co generates revenue through the licensing of Plasma Pulse Technology, a proprietary Enhanced Oil Recovery methodology for the petroleum industry. The technology uses a down-hole tool to treat oil wells without acidization or hydrofracking, targeting wells up to 12,000 feet deep. Pledge Petroleum Corp., the parent company, manages oil production via subsidiaries Novas Energy USA, Inc. and Novas Energy North America, LLC (NENA), focusing on implementing this technology across its producing assets. The company's primary customers are oil producers seeking chemical-free well treatment solutions. The Plasma Pulse Technology segment represents the core business focus, leveraging a unique process that avoids traditional chemical treatments. Through its subsidiaries, the company operates in managing oil production using this patented technology. The firm's revenue model centers on technology deployment and asset management within the petroleum sector, specifically targeting enhanced oil recovery applications for existing well infrastructure. Pledge Petroleum Corp. operates under the segment name Plasma Pulse Technology for the petroleum industry, emphasizing its proprietary approach to well treatment. The company's business model relies on the implementation of this technology across multiple oil production sites, with Novas Energy subsidiaries handling operational management. Revenue is derived from the application of this technology to improve oil recovery rates without conventional chemical methods. Prairie Operating is one of the most popular companies on Eulerpool.