Presidio Production Company (FTW) registered up to 11,887,403 Class A common shares for issuance upon exercise of Public and Private Placement Warrants, plus resale by selling securityholders of up to 24,222,945 Class A shares and 133,332 warrants.
Presidio receives no proceeds from securityholder sales but may receive up to approximately $136.7 million from cash exercise of all Presidio and Series A Preferred Investor Warrants. Public and Private Placement Warrants have an $11.50-per-share exercise price; FTW closed at $10.10 per share on September 18, 2026. Presidio says exercise likelihood depends on the stock price and holders would be unlikely to exercise below $11.50. It warns resales could increase volatility or cause a significant price decline.
Presidio acquired Oklahoma oil and gas assets in July for approximately $53.1 million in cash and 1,962,240 shares. It drew $55.0 million under a secured warehouse facility with up to $1.0 billion in commitments, including $945.0 million of delayed-draw capacity. In June, a subsidiary issued $350 million of asset-backed notes; proceeds redeemed ABS II notes, paid related costs and funded general corporate purposes.
Presidio Production Company (FTW) is registering for resale up to 1,962,240 shares of Class A common stock held by selling stockholders. The shares were issued as consideration for the Arkoma acquisition of oil and gas properties; Presidio will receive no proceeds from their sales and will bear registration expenses. Selling stockholders may sell through public or private transactions at prevailing market prices, different prices or privately negotiated prices.
Presidio paid approximately $53.1 million in cash and issued 1,962,240 shares in the Arkoma acquisition. Separately, a subsidiary drew the full $55.0 million initial loan commitment under a warehouse facility with up to $1.0 billion in aggregate commitments, including $945.0 million in delayed-draw commitments available during a two-year period, subject to lender approval and specified conditions. A subsidiary also issued $350 million of ABS III notes; net proceeds were used to redeem the outstanding ABS II notes in full, pay related premiums, fees, expenses and the initial liquidity-reserve deposit, and for general corporate purposes.
Presidio Production Company (FTW) filed a post-effective amendment to its Form S‑1 to update financial and other information while keeping its existing shelf registration in place. The filing continues to register up to 11,887,403 shares of Class A common stock issuable upon exercise of Presidio warrants, and the resale of up to 24,222,945 Class A shares and 133,332 warrants held by selling securityholders. As of this prospectus, 29,825,480 Class A shares are outstanding; this figure is a baseline, not the amount being offered. Presidio will not receive proceeds from any resale, but could receive up to about $136.7 million if all Presidio and Series A Preferred Investor warrants are exercised for cash at exercise prices of $11.50 and $0.01 per share, respectively. The company notes that the large resale registration could increase trading volatility or pressure its share price and that many registered shares were acquired at prices below the current public trading price.
Presidio Production Company (FTW) filed a post-effective amendment to its Form S-1 to update financial and other information while maintaining a shelf registration for the resale of up to 1,962,240 shares of Class A common stock held by selling stockholders. These shares were issued as part of the Arkoma Acquisition, where Presidio acquired Oklahoma oil and gas assets for approximately $53.1 million in cash plus stock. The company will not receive any proceeds from resales. Presidio is an independent E&P company focused on the Western Anadarko and Arkoma Basins, with about 2,158 wells and average net production near 22 MBoe/d in recent periods. The filing also describes a $1.0 billion ABS warehouse credit facility, a new $350 million ABS III note issuance that refinanced prior notes, its Up-C structure following a SPAC business combination, and extensive risk factors around commodity prices, leverage, hedging, capital needs and geographic concentration.
Presidio Production Company (FTW) filed an amended report to add historical and pro forma financial information for its Arkoma Basin acquisition in Oklahoma. The Arkoma assets were acquired on July 1 and July 21, 2026 for total cost of $82.3 million, including $53.1 million in cash and 1,962,240 Class A shares valued at $24.0 million, plus $5.3 million of capitalized transaction costs.
For 2025, the Arkoma properties generated $28.4 million in revenues and $18.3 million excess of revenues over direct operating expenses; for the six months ended June 30 2026 they produced $13.3 million in revenues and $8.5 million excess. Proved reserves as of December 31 2025 totaled 19,240 MBoe with a standardized discounted future net cash flow measure of $104.4 million.
Pro forma as of June 30 2026, Presidio shows total assets of $938.3 million, including $88.7 million of Arkoma oil and gas properties, funded in part by a $55.0 million draw on a new $1.0 billion warehouse credit facility. Pro forma net loss available to common shareholders was $32.4 million for the six months ended June 30 2026 and $25.7 million for 2025, or $(1.13) and $(0.89) per share, respectively.
PRESIDIO PRODUCTION Co (FTW) received an amended Schedule 13G/A from EQV Resources Partners LLC and its wholly owned subsidiary EQV Resources Intermediate LLC reporting that they no longer beneficially own any shares of the company’s Class A Common Stock. Both entities report 0 shares beneficially owned and 0% of the class.
The reporting persons computed this percentage assuming 29,652,058 Class A shares outstanding, based on Presidio Production Co’s Form 10-Q filed on August 13, 2026. This amendment is characterized as an exit filing because the group has ceased to be a beneficial owner of more than 5% of the outstanding Class A Common Stock.
PRESIDIO PRODUCTION Co (FTW) received a Form 4 reporting that entities associated with EQV Resources Partners LLC disposed of 3,422,260 shares of Class A common stock on September 9, 2026 through an internal restructuring transaction. The shares held directly by EQV Resources Intermediate LLC were distributed, without consideration, to the members of EQV Resources Partners LLC in accordance with their limited liability company agreements, and the reporting entities show zero shares held indirectly after the transaction. EQV Resources Partners LLC states it may be deemed to beneficially own the securities held by EQV Resources Intermediate LLC by virtue of its ownership of that entity but disclaims beneficial ownership except to the extent of its pecuniary interest. No Rule 10b5-1 trading plan is reported.
Presidio Production Company provided an updated Q2 2026 investor presentation highlighting profitable operations, balance sheet actions, acquisitions and its AI strategy. For the three months ended June 30, 2026, the company generated $54.0 million of total revenue, $14.4 million of net income attributable to Presidio, and $33.2 million of Adjusted EBITDA, with average daily production of 22.8 MBoe/d from a 16% oil, 57% gas and 27% NGL mix.
Leverage was 2.7x, based on $352 million of pro forma net debt divided by annualized Q2 Adjusted EBITDA, and enterprise value was $853 million. Presidio refinanced $350 million of ABS notes, cutting the weighted average coupon by 184 bps to 6.38% and reducing amortization. The company emphasized an income-focused model with a current annualized dividend of $1.35 per share (about a 12% yield at a share price of $11.39) and expects the Canyon Creek acquisition to support an increase to $1.50 per share, subject to board approval. Management highlighted a $17 billion acquisition pipeline and an AI-driven “Asset Intelligence” program targeting 3–5% production growth with no additional capital, with 2.3% uplift achieved year-to-date.