---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-005286"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2025-02-07T23:59:59+00:00"
generated_at: "2026-05-27T00:50:02.435107+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 DJ Basin assets from Bayswater for $602.75M

## Summary
- Purchase price of $602.75M in cash + up to ~5.25M common shares; closing expected Feb 2025.
- Adds ~24,000 net acres in Weld County, ~26 MBOEPD (69% liquids), proved PV-10 of ~$1.1B.
- Credit facility borrowing base to expand to $475M at close; ~$315M drawn to fund cash portion.
- Acquired properties generated $466.8M revenue and $381.1M excess over direct opex in FY 2023.

## SEC filing metadata
- accession: 0001493152-25-005286
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2025-02-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000149315225005286/0001493152-25-005286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000149315225005286/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-005286
- JSON: https://secwatch.observer/filing/0001493152-25-005286.json
- Plain text: https://secwatch.observer/filing/0001493152-25-005286.txt

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