Prairie Operating Co. Announces Closing of Two Strategic Bolt-On Acquisitions

Rhea-AI Summary

Prairie Operating Co. (NASDAQ:PROP), an energy company focused on oil, natural gas, and NGL resources in the Denver-Julesburg Basin, has completed two strategic bolt-on acquisitions. The transactions add approximately 16,000 net acres and significant inventory, including permitted locations.

The acquisitions were sourced off-market and funded using existing working capital. According to CEO Edward Kovalik, these transactions align with Prairie's strategic pillars of disciplined capital allocation, opportunistic consolidation, and operational excellence. The company expects the acquisitions to be immediately accretive.

Positive

• Acquisitions add significant 16,000 net acres to asset portfolio
• Transactions funded with existing working capital (non-dilutive)
• Deals expected to be immediately accretive
• Acquisitions include permitted locations, reducing regulatory timeline
• Off-market sourcing suggests potentially favorable deal terms

Negative

• Operating in highly competitive and rapidly changing environment
• Acquisition integration risks and uncertainties
• Use of working capital may impact available cash reserves

Off-market, non-dilutive transactions add approximately 16,000 net acres and significant inventory

Houston, TX, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our,” or “us”) – an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids (“NGL”) resources in the Denver-Julesburg (DJ) Basin – today announced the closing of two previously announced bolt-on acquisitions, further strengthening the Company’s high-quality, oil-weighted asset base.

The acquisitions together add approximately 16,000 net acres and significant new inventory, including permitted locations. They were sourced off-market, funded with existing working capital and are expected to be immediately accretive.

“When we outlined our strategy earlier this year, we emphasized disciplined capital allocation, opportunistic and accretive consolidation, and operational excellence as the pillars of Prairie’s growth. The closing of these bolt-on acquisitions demonstrates we are executing that plan,” said Edward Kovalik, Chairman and Chief Executive Officer.

Cautionary Statement about Forward-Looking Statements

The information included in this press release and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, statements regarding future financial performance, business strategies, expansion plans, future results of operations, estimated revenues, losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on our management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this Press release, words such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained herein are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

These risks are not exhaustive. Other sections of this press release could include additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time, and it is not possible for our management to predict all risk factors nor can we assess the effects of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in, or implied by, any forward-looking statements. Our SEC filings are available publicly on the SEC website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Accordingly, forward-looking statements in this press release should not be relied upon as representing our views as of any subsequent date, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

All forward-looking statements expressed or implied, included in this Press release are expressly qualified in their entirety by this cautionary statement.

About Prairie Operating Co.

Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil, natural gas, and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.

More information about the Company can be found at www.prairieopco.com.

Investor Relations Contact:

Wobbe Ploegsma
info@prairieopco.com
832.274.3449

FAQ

What acquisitions did Prairie Operating Co. (PROP) announce in August 2025?

Prairie Operating announced the closing of two strategic bolt-on acquisitions adding approximately 16,000 net acres and significant inventory in the Denver-Julesburg Basin.

How did Prairie Operating (PROP) finance the August 2025 acquisitions?

The acquisitions were funded using existing working capital and were structured as non-dilutive transactions, meaning no new shares were issued.

What is the expected financial impact of Prairie Operating's 2025 bolt-on acquisitions?

The acquisitions are expected to be immediately accretive to Prairie Operating's financial performance.

Where are Prairie Operating's (PROP) new acquired assets located?

The acquired assets are located in the Denver-Julesburg (DJ) Basin, where Prairie Operating focuses its oil, natural gas, and NGL operations.

What is Prairie Operating's (PROP) strategic focus for growth?

Prairie Operating's growth strategy focuses on three pillars: disciplined capital allocation, opportunistic and accretive consolidation, and operational excellence.