This bolt-on acquisition expands Presidio's Oklahoma asset base at a reasonable cost. Monitor Q3 2026 closing and any subsequent production/reserve updates. The share consideration (~2.17M shares) will dilute existing holders modestly, but the cash component ($60M) suggests the company is deploying capital for growth. Watch for the registration statement filing for the Canyon Creek and Alchemist shares.
Price Chart
Executive Summary
Presidio Production Company (FTW) entered into purchase and sale agreements to acquire oil and gas properties in Oklahoma for a total consideration of $60 million in cash and 2,173,913 shares of common stock, with an aggregate value of approximately $83 million. The three largest acquisitions (Canyon Creek, Alchemist, Pivotal) account for ~$81 million of the total. The transaction is expected to close early in Q3 2026.
Key Financial Metrics
Key Facts
- Total consideration: $60 million cash + 2,173,913 shares of common stock, valued at approximately $83 million.
- Largest components: Canyon Creek ($19.986M cash + 1,166,627 shares), Alchemist ($25.395M cash + 920,109 shares), Pivotal ($13.125M cash).
- Acquired assets include oil and gas leases, mineral interests, and overriding royalty interests in Oklahoma properties.
- Closing expected early Q3 2026, subject to customary conditions.
- Registration rights agreements will be entered into with Canyon Creek and Alchemist for resale of shares issued as consideration.
Financial Impact
Approximately $83 million total deal value, with $60 million in cash and 2,173,913 shares of common stock. The three largest acquisitions represent ~$81 million of the total.
Risk Factors
- Closing is subject to customary conditions and may not be completed.
- Share dilution from the 2,173,913 shares issued as consideration.
- Integration and operational risks associated with the acquired properties.
- Potential for purchase price adjustments and customary closing adjustments.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-056205 |
| Document: 0001213900-26-056205-index-headers.html | 0001213900-26-056205 |
| Document: 0001213900-26-056205-index.html | 0001213900-26-056205 |
| Document: 0001213900-26-056205.txt | 0001213900-26-056205 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 27d ago | EFFECT | $9.96 | awaiting T+20 | awaiting T+20 | $10.19 (+2.31%) |
Oct 1, 2026 27d ago | EFFECT | $9.96 | awaiting T+20 | awaiting T+20 | $10.19 (+2.31%) |
Aug 17, 2026 10w ago | 8-K | $11.31 $10.21 | ▼ −9.73% | ▼ −7.75% | $10.19 (−9.90%) |
Aug 13, 2026 10w ago | EFFECT | $11.21 $10.45 | ▲ +6.78% | ▲ +5.03% | $10.19 (+9.10%) |
Aug 7, 2026 11w ago | S-1/A | $11.39 $10.63 | ▼ −6.67% | ▼ −5.76% | $10.19 (−10.54%) |
Jun 18, 2026 18w ago | 8-K | $12.57 $12.14 | ▼ −3.42% | ▼ −3.95% | $10.19 (−18.93%) |
May 14, 2026 23w ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Mar 24, 2026 31w ago | EFFECT | $12.31 $10.69 | ▼ −13.18% | ▼ −22.08% | $10.19 (−17.24%) |
Mar 20, 2026 31w ago | 15-12G | $12.64 $10.70 | ▼ −15.35% | ▼ −22.77% | $10.19 (−19.38%) |
Mar 16, 2026 32w ago | S-1 | $11.90 $10.17 | ▼ −14.52% | ▼ −18.30% | $10.19 (−14.35%) |
US Market Status
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