Presidio Production Co (FTW) is an oil and gas exploration and production company that develops, produces, and sells oil, natural gas, and natural gas liquids (NGLs). Revenue is generated transactionally through the sale of produced hydrocarbons, with pricing tied directly to prevailing commodity markets. The company also earns field services revenues from compression, reclamation, and emissions-related activities, with associated direct costs including labor and maintenance. Lease operating expenses were $18.2 million for the three months ended March 31, 2026, on a combined Successor and Predecessor basis, at $9.95 per Boe. Presidio went public through a business combination with EQV Ventures Acquisition Corp., which closed March 4, 2026. The company carries meaningful debt, including ABS II Notes with $266.9 million outstanding at December 31, 2025, and a Citizens RBL revolving credit facility with initial commitments of $65.0 million established at closing. Hedging requirements tied to its debt agreements mandate that at least 85% and 75% of projected production be hedged for 24 and 36 months, respectively, under the ABS II Notes and Citizens RBL.

Revenue model

Transactional revenue from the sale of oil, natural gas, and NGLs at commodity market prices, plus field services revenues from compression, reclamation, and emissions-related activities.

Products and services

Oil, natural gas, natural gas liquids (NGLs), and field services including compression, reclamation, and emissions-related activities.

Customers and end markets

Commodity hydrocarbon markets; end markets not individually named in the filing excerpts.

Value-chain role

Upstream exploration and production operator; also provides midstream-adjacent field services including compression and reclamation.

Geographic exposure

Geographic footprint not specified in the filing excerpts.

Source: SEC 10-Q, filed 2026-05-15

Industry: Crude Petroleum & Natural Gas