Key Takeaways PROP added 600 drilling sites and 26,000 BOE/d through its $603M Bayswater acquisition. Post-deal EBITDA is projected at$350-$370M, with free cash flow to fund growth without heavy debt. PROP faces little near-term competition as majors like CVX and CIVI shift focus to other basins.Prairie Operating Co. (PROP) has quickly positioned itself as the most aggressive consolidator in the northern Denver-Julesburg (DJ) Basin. Over the past year and a half, PROP completed three major acquisitions — ...