---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000353"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:20:56.235950+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating files audited financials for $603M Bayswater acquisition target

## Summary
- Acquisition of Weld County, CO oil & gas properties from Bayswater for $603M, subject to adjustments; closing pending.
- Target properties 2024 revenues of $443.85M, down 4.9% from $466.83M in 2023.
- 2024 revenues over direct opex of $358.62M, down from $381.10M in 2023.
- Proved developed & undeveloped reserves as of Dec 31, 2024: 21.57M bbl oil, 15.90M bbl NGL, 95.07 Bcf gas (decreased vs 2023).

## SEC filing metadata
- accession: 0001641172-25-000353
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000164117225000353/0001641172-25-000353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000164117225000353/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000353
- JSON: https://secwatch.observer/filing/0001641172-25-000353.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000353.txt

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