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Presidio Production to Buy Canyon Creek Assets in $83 Million Deal

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-- Presidio Production (FTW) signed definitive purchase and sale agreements to acquire the Canyon Creek assets for about $83 million in its first acquisition as a public company, the company said Friday.

The deal will be funded with $60 million in cash and about 2.17 million shares issued to the sellers, with the cash portion financed through Presidio's $1 billion Goldman Sachs ABS warehouse facility and cash on hand, the company said.

Presidio expects the acquisition to close early in Q3 2026 and support an increase in its anticipated annual dividend to $1.50 per share from $1.35 previously, the company added.

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