The company acquired assets from NRO, Bayswater, Edge Energy, Summit Oil & Gas, LLC, and Crown Exploration II, Ltd. The NRO acquisition was completed on October 1, 2024, with a cash payment of $49.6 million. The Bayswater acquisition closed on March 26, 2025, involving approximately $482.5 million in cash and the issuance of 3,656,099 shares of common stock, with a final settlement of $475.6 million on October 15, 2025. The Edge Energy acquisition closed on July 3, 2025, for $12.5 million in cash, funded by borrowing under a credit facility with Citibank, N.A. The Summit Oil & Gas, LLC and Crown Exploration II, Ltd acquisitions closed in October 2025 for $2.3 million in cash. These acquisitions collectively constitute the Central Weld Assets, encompassing approximately 45,000 net leasehold acres. Most of the acreage is leased from private landowners, with some leases under the State of Colorado or Federal jurisdiction, and the leases have average royalties of 20%.
Prairie Operating Co's Comment on Supply Chain
The company acquired assets from NRO, Bayswater, Edge Energy, Summit Oil & Gas, LLC, and Crown Exploration II, Ltd. The NRO acquisition was completed on October 1, 2024, with a cash payment of $49.6 million. The Bayswater acquisition closed on March 26, 2025, involving approximately $482.5 million in cash and the issuance of 3,656,099 shares of common stock, with a final settlement of $475.6 million on October 15, 2025. The Edge Energy acquisition closed on July 3, 2025, for $12.5 million in cash, funded by borrowing under a credit facility with Citibank, N.A. The Summit Oil & Gas, LLC and Crown Exploration II, Ltd acquisitions closed in October 2025 for $2.3 million in cash. These acquisitions collectively constitute the Central Weld Assets, encompassing approximately 45,000 net leasehold acres. Most of the acreage is leased from private landowners, with some leases under the State of Colorado or Federal jurisdiction, and the leases have average royalties of 20%.
Sources:
Prairie Operating Co 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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