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Prairie Operating Co ( (PROP) ) just unveiled an update.
On February 6, 2025, Prairie Operating Co. announced a significant acquisition agreement to purchase oil and gas assets from Bayswater Exploration & Production for approximately $602.75 million. This transaction, expected to close in February 2025, enhances Prairie’s operational scale in the DJ Basin, adding valuable drilling locations and significantly increasing production and cash flow metrics. The acquisition is strategically aligned with Prairie’s goal of expanding its footprint in the DJ Basin and is anticipated to be immediately accretive, enhancing operational efficiencies and driving long-term value for shareholders.
More about Prairie Operating Co
Prairie Operating Co. is a Houston-based publicly traded independent energy company focused on the development and acquisition of oil and natural gas resources in the United States. The company’s operations are primarily centered in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with an emphasis on the Niobrara and Codell formations. Prairie Operating Co. aims to maximize returns through consistent growth, capital discipline, and sustainable cash flow generation.
YTD Price Performance: 29.54%
Average Trading Volume: 157,418
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $198.1M
For detailed information about PROP stock, go to TipRanks’ Stock Analysis page.
