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Recent Updates — FTW

July 8, 2026View Source ↗

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.

June 10, 2026View Source ↗

On June 9, 2026, Presidio Finance LLC, a subsidiary of Presidio Production Company, issued $350 million in fixed-rate asset-backed securities (ABS III Notes). The offering consists of $175 million in 5.902% Class A-1 Notes due 2041 and $175 million in 6.717% Class A-2 Notes due 2041. Net proceeds were used to fully redeem existing Series 2023-1 Class A-1 (7.806%) and Class A-2 (8.418%) Notes due 2038, pay related fees, and for general corporate purposes. The notes are secured by producing assets in Texas and Oklahoma. The company operates in the energy industry and focuses on oil and gas production.