Prairie Operating Co. Acquires Producing Assets from Nickel Road Operating LLC
February 1, 2024
Prairie Operating Co. (Nasdaq: PROP) entered into a definitive agreement to acquire the producing assets of Nickel Road Operating LLC for $94.5 million (including $83.0M cash and $11.5M deferred). The asset purchase expands Prairie's footprint in the DJ Basin — adding ~3,370 net Boepd, 5,500 net contiguous leasehold acres, 62 permitted PUDs and materially accretive reserves and cash flow.
- Buyers
- Prairie Operating Co.
- Targets
- Nickel Road Operating LLC
- Sellers
- Nickel Road Operating LLC
- Industry
- Energy
- Location
- Colorado, United States
- Transaction Type
- Divestiture
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