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Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin

Oil & Gas 360º

(Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the acquisition of certain assets from Edge Energy II LLC (“Edge Energy”) in an off-market transaction for $12.5 Prairie Operating Co.

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Where Is Natural Gas Found? Global Reserves and Local Sources

True Natural Gas

The top three countries with the largest proven natural gas reserves are: Russia – With vast underground basins in Siberia, Russia holds nearly 20% of the world’s known reserves. The Permian Basin (Texas and New Mexico) – Known for oil, but it also produces significant amounts of natural gas.

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Permian Resources acquires Delaware basin assets from APA for $608 million

Oil & Gas 360º

(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. Utilizing its highly effective ground game, the company plans to leverage this acreage to trade for incremental interests in existing operated units or establish new operating units.

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Enverus unveils 2024 Top 100 Private Operators: A New era of agility, innovation and strategic shifts

Enverus

Private capital is shifting to legacy basins, testing new zones, and leaning into gas plays that were once overlooked,” said Shawn Stuart, principal analyst at Enverus. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 8,000 customers in 50 countries.

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Public Utility Commission approves first extra high voltage lines in Permian Basin

Permian Basin Oil and Gas Magazine

Public Utility Commission of Texas approved a plan to build the first extra high voltage transmission lines in ERCOT to help meet the rapidly growing power needs in Permian Basin. The post Public Utility Commission approves first extra high voltage lines in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.

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Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

Oil & Gas 360º

(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.

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Producers Midstream targets 2026 for Palo Duro pipeline from Nolan County

Permian Basin Oil and Gas Magazine

It will utilize existing infrastructure to provide a new pathway from the Waha residue markets in Permian to Mid Continent residue markets in Anadarko Basin. Palo Duro will be a 275-mile, high-pressure natural gas pipeline connecting downstream pipelines while providing takeaway from the Permian Basin.