Prairie Operating Co. Completes Transformative Acquisition from Bayswater
Portfolio Pulse from
Prairie Operating Co. (PROP) has completed a transformative $602.75 million acquisition of Denver-Julesburg Basin assets from Bayswater, significantly expanding its operational footprint. The deal adds approximately 24,000 net acres, increases daily production by 25,700 net BOEPD, and provides roughly 600 highly economic drilling locations with a 10-year inventory life.
March 26, 2025 | 11:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Acquisition of Bayswater assets immediately accretive, expanding production and drilling inventory while maintaining a strong balance sheet with expected leverage ratio of ~1.0x.
The acquisition directly impacts PROP by significantly expanding its operational footprint, increasing production, and providing a robust 10-year drilling inventory. The transaction is expected to be immediately accretive to per-share cash flow metrics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100