Prima Exploration, Inc. is a small McKenzie County-focused Bakken operator carrying a 49-well total portfolio, 28 of which are active and 27 currently producing. As of late August 2026, the company has zero pending cases, zero authorized wells in the momentum queue, and no upcoming hearings — a picture of operational steadiness with no near-term growth catalyst. Two recent orders (a spacing/well authorization in Beicegel Creek and/or Ranch Creek-Bakken Pools and a dismissal in Butte and/or Grassy Butte-Bakken Pools) are the only regulatory footprints visible, and neither has translated into drilling activity.
Prima's recent regulatory activity is confined to McKenzie County. Order 35460 (signed July 27, 2026) is a Spacing Unit and Well Authorization covering the Beicegel Creek and/or Ranch Creek-Bakken Pools. Order 35461 (signed July 8, 2026) is a Dismissal Order tied to the Butte and/or Grassy Butte-Bakken Pools. There are no pending cases, no scheduled hearings, and no development locations in the pipeline as of the report date.
The company holds 49 total wells: 28 active, 27 producing, and 2 plugged. The near-perfect overlap between active and producing wells signals a mature, fully-deployed asset base with minimal idle inventory. The low plugged count relative to total wells is worth watching — in the ND regulatory environment, deferred plugging can accumulate into a material liability.
All momentum indicators read zero: no pending applications, no high-probability wells, no authorized wells in queue, and no ramp signal. Win rate and average probability are not calculable from available data. The disconnect between the July 2026 well authorization (Order 35460) and the empty drilling pipeline is the sharpest operational question facing this operator — approval exists, execution does not yet follow.