Core Points - Bayswater Exploration and Production has entered into an agreement to sell assets in the Denver Julesburg Basin to Prairie Operating Company for approximately $603 million in cash and stock [1][2] - The sale includes around 24,000 leased acres, 300 producing horizontal wells, and a production capacity of 25,000 barrels of oil equivalent per day [2] - Bayswater will retain 70 horizontal wells producing approximately 18,000 barrels of oil equivalent per day and has ongoing operations in the Northern Midland Basin in Texas [4][5] Company Overview - Bayswater is a privately capitalized oil and natural gas development company focused on acquiring, developing, and monetizing assets for investor returns [3] - The company emphasizes responsible energy development and aims to minimize environmental impacts while producing oil and natural gas [5] - Bayswater has been operating in the DJ Basin since 2009 and is committed to continuing its operations in Colorado [2][4]
Bayswater Enters Sale Agreement for DJ Basin Assets