Announced
Completed
Financials
Tags
Acquisition
Domestic
Merger
Friendly
United States
oil and gas assets
Majority
Single Bidder
Oil Equipment and Services
Private
Completed
Synopsis
Creek Road Miners, a firn that develops and operates bitcoin mining scaled-up facilities using natural gas, completed the merger with Prairie Operating, a limited liability company formed for the purpose of acquiring and operating oil and gas properties. Members of Prairie will receive common stock of Creek Road and restricted performance-based options in the merger. Financial terms were not disclosed. "The Creek-Prairie merger is the result of a targeted effort to identify institutional-quality energy assets to generate substantive value for all stakeholders. The resulting team of experienced, pedigreed professionals represent the best in class and will focus on supporting US energy independence," Paul Kessler, Creek Road Miners Executive Chairman.
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