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0.00154798761609904 -0.0092879256965945 -0.0464396284829722 -0.0386996904024768 -0.0263157894736842 -0.0356037151702787 -0.0147058823529413 -0.0201238390092879
Stock impact report

Bayswater Enters Sale Agreement for DJ Basin Assets

Prairie Operating Co. (PROP) 
NASDAQ:AMEX Investor Relations: pledgepcorp.com
Company Research Source: PR Newswire
DENVER, Feb. 7, 2025 /PRNewswire/ -- Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company, is pleased to announce it has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company (Nasdaq: PROP), in a cash and stock transaction valued at approximately $603 million."Today's agreement represents the culmination of years of work by our talented and dedicated DJ Basin team," said Steve Struna, President & CEO of Bayswater "Bayswater has been operating in the DJ Basin since 2009. We are proud of the high-quality asset we have built, our reputation as a responsible operator, and the positive impact we have had in surrounding Weld County communities."The sale includes (approximately) 24,000 leased acres, 300 producing horizontal wells on 30 pads, and 25,000 barrels of oil equivalent per day (BOED).  Also included is nine newly drilled but not yet completed horizontal wells, and a Bayswater Show less Read more
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