Presidio acquires Canyon Creek assets for ~$83M, eyes dividend rise
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Presidio Closes Canyon Creek Acquisition
July 2, 2026 4:01 PM EDTExpected dividend increase to $1.50 per share
FORT WORTH, Texas--(BUSINESS WIRE)-- Presidio Production Company (NYSE: FTW) (Presidio or the Company) today announced the closing of its acquisition of the Canyon Creek assets (the Transaction) from companies controlled by Vortus Investments and additional sellers (the Sellers). The closing marks the first use of the Company's ABS Warehouse Facility of up to $1.0 billion, led by Goldman Sachs.
The Transaction is Presidio's second acquisition as a public company and its first in the Arkoma Basin. It establishes a platform for future consolidation under the Company's... More
