---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-002129"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-06T23:48:14.779870+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating acquires Nickel Road assets for $94.5M; adds 3,370 Boepd, 62 permitted PUDs in DJ Basin

## Summary
- Total consideration $94.5M ($83M cash + $11.5M deferred); effective date Feb 1, 2024.
- Adds 3,370 net Boepd (84% liquids), 5,500 net acres, 62 permitted PUDs.
- Proven reserves of 22.2 MMboe with PV10 of ~$254M per CG&A report.
- Expected to close H1 2024; funded via stock, cash on hand, warrants.
- Accretive to production, reserves, and free cash flow; break-even below $30/bbl WTI.

## SEC filing metadata
- accession: 0001493152-24-002129
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000149315224002129/0001493152-24-002129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000149315224002129/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-002129
- JSON: https://secwatch.observer/filing/0001493152-24-002129.json
- Plain text: https://secwatch.observer/filing/0001493152-24-002129.txt

## Key facts
- Material Agreements
  Prairie Operating Co. entered into Purchase Agreement with Nickel Road Development LLC, Nickel Road Operating LLC, Prairie Operating Co., LLC valued at $94.5 million (effective 2024-01-11).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Nickel Road Development LLC, Nickel Road Operating LLC, Prairie Operating Co., LLC
  - Value: $94.5 million
  - Effective: 2024-01-11
  source text: On January 11, 2024, Prairie Operating Co. (the “Company”) entered into an asset purchase agreement (the “Purchase Agreement”), by and among the Company, Nickel Road Development LLC, Nickel Road Operating LLC (“NRO”) and Prairie Operating Co., LLC, to acquire the assets of NRO (the “Assets”) for total consideration of $94.5 million (the “Purchase Price”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1162896/000149315224002129/0001493152-24-002129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.