Mergers & Acquisitions ·
Presidio Production Company completed the acquisition of oil and gas assets in Oklahoma from several seller parties…
FTWPRESIDIO PRODUCTION Co
Presidio Production Company completed the acquisition of oil and gas assets in Oklahoma from several seller parties, including Canyon Creek Energy - Arkoma, LLC, Alchemist Energy LeaseCo, LP, and Pivotal Arkoma Basin II, LLC. The transaction involved an aggregate cash payment of approximately $52.5 million and the issuance of 1,930,156 shares of Class A common stock. Additionally, the company entered into a senior secured warehouse credit facility with Goldman Sachs Bank USA as administrative agent, providing up to $1.0 billion in aggregate commitments, with an initial $55.0 million drawn on the closing date. The company operates in the energy sector, focusing on the production and acquisition of oil and gas assets.