M&A Deal Summary

Prairie Operating Acquires Nickel Road Operating

On January 11, 2024, Prairie Operating acquired oil/gas exploration company Nickel Road Operating for 95M USD

Acquisition Highlights
  • This is Prairie Operating’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Prairie Operating’s largest (disclosed) transaction.
  • This is Prairie Operating’s 2nd transaction in the United States.
  • This is Prairie Operating’s 1st transaction in Colorado.

M&A Deal Summary
Date 2024-01-11
Target Nickel Road Operating
Sector Oil/Gas Exploration
Buyer(s) Prairie Operating
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

Nickel Road Operating

Denver, Colorado, United States
Nickel Road Operating operates and owns various oil/gas leases. Nickel Road's assets and operations are located in the DJ Basin with operations in largely rural Weld County, Colorado. Nickel Road Operating is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Prairie Operating

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
Employees11
Revenue 2M USD (2023)
DESCRIPTION

Prairie Operating Co. is an oil & gas company focused on environmentally responsible energy development. The company seeks sustainable business opportunities that generate competitive long-term financial returns with a priority on safe and environmentally responsible execution. Prairie Operating Co. is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Creek Road Miners

Park City, Utah, United States

Creek Road Miners is a cryptocurrency mining company that leverages mobile power generation units and mining facilities in a manner that overcomes otherwise existing economic barriers. The company's model utilizes the abundance of stranded natural gas in a manner that provides its operations with a desirably priced energy source while benefitting energy operators, the consumer, and environmental considerations. Creek Road Miners is based in Park City, Utah.

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