08:04 AM EDT, 10/02/2024 (MT Newswires) -- Prairie Operating ( PROP ) said Wednesday it has completed its $84.5 million acquisition of oil-weighted assets from Nickel Road Operating in Colorado.

The newly acquired assets will add 5,592 net leasehold acres, 89 approved well permits and 26 operated horizontal wells to Prairie's existing Denver-Julesburg Basin operations.

The company said it funded the acquisition with the proceeds from a private placement of common stock, an equity facility and cash on hand.