Bayswater Completes Sale of DJ Basin Assets

Core Insights - Bayswater Exploration and Production has successfully closed a sale of certain DJ Basin assets to Prairie Operating Co. for approximately $603 million in cash and stock [1][2] - The transaction includes the acquisition of around 24,000 leased acres, 300 horizontal wells producing 27,500 barrels of oil equivalent per day, and a saltwater disposal system [2] - Following the sale, Bayswater will retain 70 horizontal wells producing approximately 18,000 BOED and is committed to continuing operations in Colorado [3] Company Overview - Bayswater is a privately held oil and natural gas development company with operations in Colorado and Texas, focusing on responsible energy development and minimizing environmental impacts [4] - The company has been operating in the DJ Basin for 16 years and aims to rebuild its Colorado footprint in the coming years [3]