Prairie Operating announces closing of two bolt-on acquisitions

Prairie Operating (PROP) announced the closing of two previously announced bolt-on acquisitions, further strengthening the Company’s high-quality, oil-weighted asset base. The acquisitions together add approximately 16,000 net acres and significant new inventory, including permitted locations. They were sourced off-market, funded with existing working capital and are expected to be immediately accretive. “When we outlined our strategy earlier this year, we emphasized disciplined capital allocation, opportunistic and accretive consolidation, and operational excellence as the pillars of Prairie’s growth. The closing of these bolt-on acquisitions demonstrates we are executing that plan,” said Edward Kovalik, Chairman and Chief Executive Officer.