secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001641172-25-000353
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating files audited financials for $603M Bayswater acquisition target
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225000353/0001641172-25-000353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225000353/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-000353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer