Prairie Operating announces $12.5M acquisition to accel growth in DJ Basin

Prairie Operating (PROP) announced the acquisition of certain assets from Edge Energy II in an off-market transaction for $12.5M in cash, funded through the Company’s credit facility, resulting in a non-dilutive transaction for shareholders. “This strategic and highly accretive bolt-on acquisition enhances our existing footprint in the DJ Basin,” said Edward Kovalik, Chairman and CEO. “With a high working interest, established cash flow, and development-ready drilling locations, this transaction aligns with our capital allocation strategy and adds near-term value and long-term inventory.”