Latham & Watkins Advises on Prairie Operating Co.’s Acquisition of Bayswater Assets

Prairie Operating Co. (Nasdaq: PROP) (the Company), has announced it has entered into a definitive purchase and sale agreement to acquire certain assets from Bayswater Exploration and Production and certain of its affiliated entities, a premier operator in the Denver-Julesburg Basin (the DJ Basin). The transaction will significantly increase the Company’s operational scale and footprint in the DJ Basin and add highly economic drilling locations.

Latham & Watkins LLP is advising the lenders in a committed financing to provide, in part, proceeds to fund the acquisition with a multidisciplinary deal team led by Houston partner Trevor Wommack, and Austin partners David Miller and Sam Rettew, with associates Brian Flynn, Tristan Schmoor, Cooper Shear, and Alex Reiher.