Prairie Operating Co. Completes Acquisition of Oil-Weighted DJ Basin Assets from Nickel Road Operating
Vinson & Elkins advised Prairie Operating Co., a Delaware corporation, in connection with the financing of its $84.5 million acquisition of the oil-weighted assets from Nickel Road Operating, LLC, a portfolio company of Vortus Investment Advisors, LLC, which closed on October 1, 2024.
The Nickel Road Operating acquisition was funded with the proceeds from a private placement of Common Stock, an Equity Facility, and cash on hand.
The Vinson & Elkins team was led by partner Mark Kelly and Counsel Joanna Enns, with assistance from associates Jake Lubenow, Matthew Rando, Waleed Vohra and Ronnie Braxton. The finance team was led by partner Mike Bielby, with assistance from associates Natalie Harrison, Jalee Blackwell and Syed Rizvi.
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