Prairie Operating Co. Closes Two Strategic Acquisitions, Expands Oil-Weighted Asset Base

Prairie Operating Co. has closed two strategic bolt-on acquisitions, adding 16,000 net acres and new inventory, including permitted locations. The acquisitions were sourced off-market and funded with existing working capital, expected to be immediately accretive. The company's strategy emphasizes disciplined capital allocation, opportunistic consolidation, and operational excellence. The acquisitions further strengthen Prairie's high-quality, oil-weighted asset base in the Denver-Julesburg Basin.

Prairie Operating Co. (NASDAQ: PROP) has successfully closed two strategic bolt-on acquisitions, further bolstering its position in the Denver-Julesburg (DJ) Basin. The transactions, announced on August 28, 2025, add approximately 16,000 net acres and significant new inventory, including permitted locations [1].

The acquisitions were sourced off-market and funded using existing working capital, demonstrating the company's disciplined financial stewardship. This approach allows Prairie to expand its asset base without diluting shareholders or increasing leverage, a testament to its strong balance sheet management [1].

According to Edward Kovalik, Chairman and Chief Executive Officer of Prairie Operating Co., the acquisitions align perfectly with the company's growth strategy focused on disciplined capital allocation and opportunistic consolidation. The off-market nature of these transactions underscores the company's strong industry relationships and deal-sourcing capabilities, providing a competitive advantage in a consolidating basin [1].

Management expects the acquisitions to be immediately accretive, indicating that the assets were purchased at attractive valuations and should contribute positively to cash flow right away. For an emerging player in the DJ Basin like Prairie, efficiently scaling through bolt-on acquisitions represents a sound strategy to build critical mass while maintaining financial discipline [1].

These strategic acquisitions further strengthen Prairie's high-quality, oil-weighted asset base in the DJ Basin. The company is committed to responsible development and maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation [1].

References:
[1] https://www.stocktitan.net/news/PROP/prairie-operating-co-announces-closing-of-two-strategic-bolt-on-g37wgrpu3wqh.html