Prairie Operating is closing deals and drilling its first horizontal wells in the Denver-Julesburg (D-J) Basin. (Source: Shutterstock.com, Prairie Operating Co.)
Prairie Operating Co. is getting deeper in the Denver-Julesburg (D-J) Basin after closing an $84.5 million acquisition of private equity-backed E&P Nickel Road Operating.
The transaction included 5,592 net leasehold acres, 26 operated producing horizontal wells and 89 operated well permits in Weld County, Colorado.
When the deal was announced in January, Prairie agreed to pay a total consideration of $94.5 million for Denver-based Nickel Road’s assets.
YOU’VE REACHED YOUR FREE STORY LIMIT.
Sign Up to Continue Reading for Free.
Gain access to limited free articles, energy news and analysis, exclusive interviews, and newsletters.
No credit card required. You agree to our Privacy Policy.
Recommended Reading
Politics Over Returns? Private Equity’s Renewables, Hydrocarbon Challenge
2024-10-03 - Private equity is a leader in clean energy investment, but it hasn’t been easy.
BOEM Greenlights Atlantic Shores South Offshore Wind Project
2024-10-02 - The approval pushes the U.S. closer to its goal of deploying 30 gigawatts of offshore wind energy capacity by 2030.
New Revenue Stream Opens Up With Natural Gas Decarbonization
2024-10-02 - Could a lower carbon revenue stream, focused on hydrogen and solid carbon, open up for natural gas players?
GoldenPeaks, CNBM Target 1 GW of Solar Projects in Europe
2024-10-01 - GoldenPeaks Capital Holding and China National Building Material Group are pursuing solar projects in places such as Germany, Italy and Greece.
US Postpones Planned Wind Auction Offshore Oregon
2024-09-30 - BOEM said it received bidding interest from only one of the five companies that qualified to participate in the Oct. 15 lease auction.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.