Prairie Operating Co. announced the acquisition of certain assets from Edge Energy II LLC for $12.5 million in cash, funded through the company’s credit facility. This transaction is non-dilutive for shareholders.
This strategic bolt-on acquisition adds approximately 11,000 net acres, expanding Prairie’s Denver-Julesburg (DJ) Basin footprint to approximately 60,000 net acres. The acquired assets include 47 wells and the fully permitted Simpson pad.
Development of the Simpson pad is slated to begin in August 2025, alongside seven other fully permitted locations. This acquisition enhances Prairie’s inventory depth, accelerates near-term development plans, and supports continued cash flow growth.
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