---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004931"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T08:58:55.677101+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating acquires DJ Basin leases: 2.6 MMboe reserves, $40M PV10 for $900k

## Summary
- Acquired 1,280-acre drillable spacing unit and 8 fully permitted PUDs in Weld County, CO for $900,000.
- Adds 2.6 MMboe in proved reserves with ~$40M PV10 per CG&A report (SEC pricing as of Dec 31, 2023).
- Pro forma permitted drilling inventory expands to 70 wells after closing of Nickel Road Operating acquisition (expected H1 2024).
- PUDs are liquids-rich: 75% oil / 85% liquids, offset Niobrara developments near existing midstream.
- CEO Ed Kovalik cites 'disciplined and opportunistic growth' as acquisition creates immediate value.

## SEC filing metadata
- accession: 0001493152-24-004931
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000149315224004931/0001493152-24-004931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000149315224004931/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004931
- JSON: https://secwatch.observer/filing/0001493152-24-004931.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004931.txt

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