secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001493152-25-005286
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating acquires DJ Basin assets from Bayswater for $602.75M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000149315225005286/0001493152-25-005286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000149315225005286/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-005286

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