BRIEF-Prairie Operating Announces Acquisition of DJ Basin Assets from Bayswater Exploration and Production for Approximately $600 Million-February 2024-www.financetom.com

BRIEF-Prairie Operating Announces Acquisition of DJ Basin Assets from Bayswater Exploration and Production for Approximately $600 Million

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BRIEF-Prairie Operating Announces Acquisition of DJ Basin Assets from Bayswater Exploration and Production for Approximately $600 Million

Feb 7, 2025 5:15 AM

Feb 7 (Reuters) - Prairie Operating Co ( PROP ):

* PRAIRIE OPERATING CO. ( PROP ) ANNOUNCES ACQUISITION OF DJ BASIN

ASSETS

FROM BAYSWATER EXPLORATION AND PRODUCTION FOR APPROXIMATELY $600

MILLION

* PRAIRIE OPERATING CO ( PROP ) - ACQUISITION PRICE $602.75 MILLION,

INCLUDES CASH AND 5.2 MILLION SHARES

* PRAIRIE OPERATING CO SAYS INCREASES 2025 PRODUCTION,

REVENUE AND

ADJUSTED EBITDA GUIDANCE

* PRAIRIE OPERATING CO ( PROP ) - SEES 2025 AVERAGE DAILY PRODUCTION

29,000

- 31,000 BOEPD

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