# EDGAR Filing Document

**Accession Number:** 0001162896
**File Stem:** 0001641172-25-016894
**Filing Date:** 2025-6
**Character Count:** 26169
**Document Hash:** 78c6cc6918b0db24cafc85dcbfedfa9e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-016894.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001641172-25-016894

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 21

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**EFFECTIVENESS DATE**: 20250627

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Prairie Operating Co.
- **CENTRAL INDEX KEY:** 0001162896
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980357690
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288387
- **FILM NUMBER:** 251086518

**BUSINESS ADDRESS:**
- **STREET 1:** 55 WAUGH DRIVE
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77007
- **BUSINESS PHONE:** (713) 424-4247

**MAIL ADDRESS:**
- **STREET 1:** 55 WAUGH DRIVE
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Creek Road Miners, Inc.
- **DATE OF NAME CHANGE:** 20210715

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIZARD BRANDS, INC.
- **DATE OF NAME CHANGE:** 20200814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIZARD ENTERTAINMENT, INC.
- **DATE OF NAME CHANGE:** 20181009

**As filed with the Securities and Exchange Commission on June 27, 2025**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**Prairie Operating Co.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **98-0357690** |
| (State or Other Jurisdiction<br> of Incorporation or Organization) | (I.R.S. Employer<br> Identification No.) |
| **55 Waugh Drive, Suite 400**<br> **Houston, Texas** | **77007** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**2024 AMENDED & RESTATED PRAIRIE OPERATING CO.**

**LONG-TERM INCENTIVE PLAN**

(Full title of the plan)

**Edward Kovalik**

**Chief Executive Officer**

**55 Waugh Drive, Suite 400**

**Houston, Texas 77007**

(Name and address of agent for service)

**(713) 424-4247**

(Telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the "Securities Act"). ☐

**EXPLANATORY NOTE**

This Registration Statement on Form S-8 (this "Registration Statement") is being filed by Prairie Operating Co. (the "Company" or "Registrant") to register an additional 7,500,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), that may be issued under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (as may be amended from time to time, the "Plan"). These shares are in addition to the 7,500,000 shares of Common Stock that may be issued under the Plan pursuant to the Company's Registration Statement on Form S-8 (File No. 333-278889) (the "2024 Registration Statement") filed with the Securities and Exchange Commission (the "Commission") on April 23, 2024. Pursuant to General Instruction E to Form S-8 under the Securities Act of 1933, as amended, the contents of the 2024 Registration Statement are incorporated by reference into this Registration Statement, except to the extent supplemented, amended and superseded by the information set forth herein.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference.**

Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, the following documents have been filed by the Registrant with the Commission and are incorporated by reference into this Registration Statement and will be deemed to be a part hereof:

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Registrant's Annual Report on [Form 10-K](https://www.sec.gov/Archives/edgar/data/1162896/000149315225009423/form10-k.htm) for the fiscal year ended December 31, 2024, filed with the Commission on March 6,
 2025;

(b) The
 Registrant's Quarterly Report on [Form 10-Q](https://www.sec.gov/Archives/edgar/data/1162896/000164117225010843/form10-q.htm) for the quarter ended March 31, 2025, filed with the Commission on May 15, 2025;

(c) The
 Registrant's Current Reports on Form 8-K, filed with the Commission on [February 7, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000149315225005286/form8-k.htm) , [March 12, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000149315225009939/form8-k.htm) , [March 17, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000149315225010500/form8-k.htm) , [March 24, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225000353/form8-k.htm) / [March 24, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225000369/form8-k.htm) (two reports), [March 26, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225000762/form8-k.htm) , [April 1, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225002082/form8-k.htm) , [May 9, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225009453/form8-k.htm) , [June 6, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225014022/form8-k.htm) and [June 20, 2025](https://www.sec.gov/Archives/edgar/data/1162896/000164117225015908/form8-k.htm) ;

(d) The
 description of the Registrant's common stock filed as [Exhibit 4.6](https://www.sec.gov/Archives/edgar/data/1162896/000149315225009423/ex4-6.htm) to the Registrant's Annual Report on [Form 10-K](https://www.sec.gov/Archives/edgar/data/1162896/000149315225009423/form10-k.htm) for
 the fiscal year ended December 31, 2024, filed with the Commission on March 6, 2025, including any amendment or report filed for
 the purpose of updating such description; and

(e) All
 other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since December 31, 2024.

Except to the extent that information is deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items) subsequent to the date hereof and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 8.** **Exhibits.**

The exhibits to this Registration Statement are listed in the Exhibit Index to this Registration Statement, which precedes such exhibits and is incorporated herein by reference.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 4.1 | [Second Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K, filed with the SEC on August 20, 2024).](https://www.sec.gov/Archives/edgar/data/1162896/000149315224033279/ex3-1.htm) |
| 4.2 | [Amended and Restated Bylaws of Prairie Operating Co. (incorporated by reference to Exhibit 3.2 of the Company's Current Report on Form 8-K, filed with the SEC on May 9, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/ex3-2.htm) |
| 4.3 | [Certificate of Designation of Preferences, Rights and Limitations of Series D Convertible Preferred Stock (incorporated by reference to Exhibit 3.3 of the Company's Current Report on Form 8-K, filed with the SEC on May 9, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223015999/ex3-3.htm) |
| 4.4 | [Certificate of Designation of Preferences, Rights and Limitations of Series E Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the amendment to the Company's Current Report on Form 8-K, filed with the SEC on August 18, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223029434/ex3-1.htm) |
| 4.5 | [Certificate of Amendment to the Certificate of Designation of Series E Convertible Preferred Stock of Prairie Operating Co. (incorporated by reference to Exhibit 3.3 of the Company's Current Report on Form 8-K, filed with the SEC on August 20, 2024).](https://www.sec.gov/Archives/edgar/data/1162896/000149315224033279/ex3-3.htm) |
| 4.6 | [Certificate of Amendment to the Certificate of Designation of Series D Convertible Preferred Stock of Prairie Operating Co. (incorporated by reference to Exhibit 3.2 of the Company's Current Report on Form 8-K, filed with the SEC on August 20, 2024).](https://www.sec.gov/Archives/edgar/data/1162896/000149315224033279/ex3-2.htm) |
| 4.7 | [Form of Series D PIPE Warrant (incorporated by reference to Exhibit C of Exhibit 10.2 of the Company's Current Report on Form 8-K, filed with the SEC on May 4, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223015356/ex10-2.htm) |
| 4.8 | [Form of Exok Warrant (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K, filed with the SEC on August 18, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223029434/ex4-1.htm) |
| 4.9 | [Form of Series E A Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.2 of the Company's Current Report on Form 8-K, filed with the SEC on August 18, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223029434/ex4-2.htm) |
| 4.10 | [Form of Series E B Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.3 of the Company's Current Report on Form 8-K, filed with the SEC on August 18, 2023).](https://www.sec.gov/Archives/edgar/data/1162896/000149315223029434/ex4-3.htm) |
| 4.11 | [Form of Common Stock Purchase Warrant issued by Prairie Operating Co. to the Noteholders (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K, filed with the SEC on October 4, 2024).](https://www.sec.gov/Archives/edgar/data/1162896/000149315224039563/ex4-1.htm) |
| 4.12 | [2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (incorporated by reference herein to Registrant's Current Report on Form 8-K, filed with the Commission on June 10, 2024).](https://www.sec.gov/Archives/edgar/data/1162896/000149315224023278/ex10-1.htm) |
| 4.13 | [Amendment No. 1 to the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K, filed with the SEC on June 6, 2025).](https://www.sec.gov/Archives/edgar/data/1162896/000164117225014022/ex10-1.htm) |
| 5.1\* | [Opinion of Norton Rose Fulbright US LLP as to the legality of the securities being registered.](ex5-1.htm) |
| 23.1\* | [Consent of Ham, Langston & Brezina, L.L.P.](ex23-1.htm) |
| 23.2\* | [Consent of Cawley, Gillespie & Associates, Inc.](ex23-2.htm) |
| 23.3\* | [Consent of Plante & Moran, PLLC.](ex23-3.htm) |
| 23.4\* | [Consent of Norton Rose Fulbright US LLP (included as part of its opinion filed as Exhibit 5.1).](ex5-1.htm) |
| 24.1\* | [Power of Attorney (included as part of the signature pages to this Registration Statement).](#poa_001) |
| 107.1\* | [Calculation of Filing Fee Table.](ex107-1.htm) |

---

\* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Houston, Texas, on June 27, 2025.

---

| | |
|:---|:---|
| **PRAIRIE OPERATING CO.** | **PRAIRIE OPERATING CO.** |
| By: | */s/ Edward Kovalik* |
| Name: | Edward Kovalik |
| Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY**

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on June 27, 2025, each person whose signature appears below appoints Edward Kovalik and Gary C. Hanna, and each of them, as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and any additional registration statement (including any amendment thereto) for this offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or would do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| */s/ Edward Kovalik* |  |
| Edward Kovalik | Chief Executive Officer and Chairman |
|  | (Principal Executive Officer) |
| */s/ Gregory S. Patton* |  |
| Gregory S. Patton | Executive Vice President and Chief Financial Officer |
|  | (Principal Financial and Principal Accounting Officer) |
| */s/ Gary C. Hanna* |  |
| Gary C. Hanna | President and Director |
| */s/ Gizman I. Abbas* |  |
| Gizman I. Abbas | Director |
| */s/ Richard N. Frommer* |  |
| Richard N. Frommer | Director |
| */s/ Jonathan H. Gray* |  |
| Jonathan H. Gray | Director |
| */s/ Stephen Lee* |  |
| Stephen Lee | Director |
| */s/ Erik Thoresen* |  |
| Erik Thoresen | Director |

---

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

June 27, 2025

---

| | |
|:---|:---|
|  | Norton Rose Fulbright |
|  | 2200 Ross Avenue, Suite 3600 |
|  | Dallas, Texas 75201-2784 |
|  | United States |
| Prairie Operating Co. |  |
| 55 Waugh Drive, Suite 400 | Tel +1 214 855 8000 |
| Houston, Texas 77007 | Fax +1 214 855 8200 |
|  | nortonrosefulbright.com |

---

Ladies and Gentlemen:

We have acted as counsel for Prairie Operating Co., a Delaware corporation (the "Company"), in connection with the Registration Statement on Form S-8 (the "Registration Statement") filed by the Company with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Act"), covering the registration of an additional 7,500,000 shares (the "Shares") of the Company's common stock, par value $0.01 per share (the "Common Stock"), that may hereafter be issued pursuant to the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan, as amended (as may be further amended from time to time, the "Plan").

In connection with the opinion expressed herein, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records and other instruments as we have deemed necessary or appropriate for the purposes of our opinion, including: (i) the Company's Second Amended and Restated Certificate of Incorporation, as amended; (ii) the Company's Amended and Restated Bylaws; (iii) the Plan; (iv) the Registration Statement; (v) the applicable minutes of meetings or consents in lieu of meetings of the Company's board of directors (the "Board") and stockholders; (vi) the report and oath of the Inspector of Election for the Annual Meeting of the Company's Stockholders held on June 4, 2025; and (vii) certificates of officers of the Company with respect to certain facts material to the opinion contained herein.

For the purposes of expressing the opinion hereinafter set forth, we have assumed: (i) the genuineness of all signatures and documents examined by us, (ii) the authenticity of all documents submitted to us as originals, (iii) the conformity to the originals of all documents submitted to us as copies, (iv) the correctness and accuracy of all facts set forth in the documents referred to in this opinion letter, and (v) compliance in the future with the terms of the Plan by the Company and its employees, officers, the Board and any committees appointed to administer the Plan.

Based on the foregoing and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that upon the issuance of Shares in accordance with the terms and conditions of the Plan, including receipt prior to issuance by the Company of the full consideration for the Shares (which consideration shall be at least equal to the par value thereof), the Shares will be validly issued, fully paid and nonassessable.

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas.

Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. Details of each entity, with certain regulatory information, are available at nortonrosefulbright.com.

---

| | |
|:---|:---|
| Prairie Operating Co.<br> June 27, 2025<br> Page 2 | ![](ex5-1_002.jpg) |

---

Our opinion herein is limited in all respects to the General Corporation Law of the State of Delaware, which includes those statutory provisions as well as all applicable provisions of the Delaware Constitution and the reported judicial decisions interpreting such laws, and the federal laws of the United States of America, and we do not express any opinion as to the applicability of or the effect thereon of the laws of any other jurisdiction. We express no opinion as to any matter other than as set forth herein, and no opinion may be inferred or implied herefrom.

We hereby consent to the filing of this opinion with the Commission as Exhibit 5.1 to the Registration Statement. In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission promulgated thereunder.

Very truly yours,

/s/ Norton Rose Fulbright US LLP

NORTON ROSE FULBRIGHT US LLP

## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 6, 2025, relating to the consolidated financial statements of Prairie Operating Co. and its subsidiaries (the "Company"), appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2024.

/s/ Ham, Langston, and Brezina, L.L.P.

Houston, Texas

June 27, 2025

## Exhibit 23.2

**Exhibit 23.2**

<u>CONSENT OF INDEPENDENT PETROLEUM RESERVE EXPERTS</u>

As independent petroleum engineers, we hereby consent to the reference to our firm, in the context in which it appears, and to the references to, and to the inclusion of, (i) our reserve report, dated March 6, 2025, with respect to the estimates of reserves of Prairie Operating Co. (the "Company") as of December 31, 2024, included in or made part of the Annual Report on Form 10-K of the Company for the fiscal year ended December 31, 2024, (ii) our reserve report dated March 17, 2025, with respect to the estimates of pro forma reserves of the Company as of December 31, 2024 included in or made part of the Current Report on Form 8-K of the Company filed on March 24, 2025, and (iii) our reserve report, dated January 27, 2025, with respect to the estimates of pro forma reserves of the Company as of November 30, 2024, included in or made part of the Current Report on Form 8-K of the Company filed on February 7, 2025 and to the incorporation by reference of such reports in this Registration Statement on Form S-8, including any amendments thereto, filed with the U.S. Securities and Exchange Commission.

---

| | |
|:---|:---|
| ***CAWLEY, GILLESPIE & ASSOCIATES, INC.***<br> ***Texas Registered Engineering Firm F-693*** | ***CAWLEY, GILLESPIE & ASSOCIATES, INC.***<br> ***Texas Registered Engineering Firm F-693*** |
| By: |  |
|  | W. Todd Brooker, P.E. |
|  | President |

---

Austin, Texas

June 27, 2025

## Exhibit 23.3

**Exhibit 23.3**

![](ex23-3_001.jpg)

**Consent of Independent Auditor**

We consent to the incorporation by reference in Prairie Operating Co.'s ("Prairie") Registration Statement on this Form S-8 of (i) our independent auditor's report dated March 7, 2025 related to the combined statement of revenues and direct operating expenses (the "combined financial statement") of certain oil and natural gas properties of Bayswater Resources, LLC; Bayswater Fund III-A, LLC; Bayswater Fund III-B, LLC; Bayswater Fund IV-A, LP; Bayswater Fund IV-B, LP; and Bayswater Fund IV-Annex, LP for the years ended December 31, 2024 and 2023 and the related notes to the combined financial statement appearing in the Current Report on Form 8-K of Prairie filed on March 24, 2025 and (ii) our independent auditor's report dated February 6, 2025 related to the combined statement of revenues and direct operating expenses of certain oil and natural gas properties of Bayswater Resources, LLC, Bayswater Fund III-A, LLC, Bayswater Fund III-B, LLC, Bayswater Fund IV-A, LP, Bayswater Fund IV-B, LP, and Bayswater Fund IV-Annex, LP for the years ended December 31, 2023 and 2022 and the related notes to the combined financial statement appearing in the Current Report on Form 8-K of Prairie filed on February 7, 2025.

Denver, Colorado

June 27, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Exhibit 107.1**

**Calculation of Filing Fee Tables**

**Form S-8**

**Registration Statement Under**

**The Securities Act Of 1933**

(Form Type)

**Prairie Operating Co.**

(Exact Name of Registrant as Specified in its Charter)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities | Table 1 – Newly Registered Securities |
| **Security Type** | **Security Class<br> Title** | **Fee Calculation<br> Rule (3)** | **Amount Registered <br> (1)(2)** | **Proposed Maximum Offering Price Per Unit (3)** | **Maximum Aggregate Offering Price (3)** | **Fee Rate** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Common stock, $0.01 par value per share | Rule 457(c) and Rule 457(h) | 7500000 | $3.76 | $28200000 | $| $153.10 per $1,000,000 | $4317.42 |
| Total Offering Amounts |  |  |  |  | $28200000 |  |  | $4317.42 |
| Total Fee Offsets |  |  |  |  |  |  |  |  |
| Net Fee Due |  |  |  |  |  |  |  | $4317.42 |

---

(1) The
 Form S-8 registration statement to which this Exhibit 107.1 is attached (the "Registration Statement") registers an additional
 7,500,000 shares of the Company's common stock, $0.01 par value per share (the "Common Stock"), of Prairie Operating
 Co., a Delaware corporation, that may be delivered with respect to awards under the 2024 Amended & Restated Prairie Operating
 Co. Long-Term Incentive Plan, as amended (as may be further amended from time to time, the "Plan").

(2) Pursuant
 to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), the Registration Statement shall
 be deemed to cover an indeterminate number of additional shares of Common Stock that may become issuable as a result of stock splits,
 stock dividends or similar transactions pursuant to the adjustment or anti-dilution provisions of the Plan.

(3) The
 proposed maximum offering price per share and proposed maximum aggregate offering price for the shares of Common Stock covered by
 this Registration Statement have been estimated solely for purposes of calculating the registration fee pursuant to Rules 457(c)
 and 457(h) under the Securities Act based upon the average of the high and low prices of a share of Common Stock as reported on The
 Nasdaq Global Market on June 23, 2025 (a date within five business days prior to the date of filing the Registration Statement),
 which was equal to $3.76.