m_and_a
confidence high
sentiment neutral
materiality 0.75
Presidio acquires Oklahoma oil & gas assets for $83M total consideration in cash and stock
PRESIDIO PRODUCTION Co
- Total consideration $83M: $60M cash plus 2,173,913 shares of common stock to multiple sellers.
- Canyon Creek gets $19.986M cash and 1,166,627 shares; Alchemist gets $25.395M cash and 920,109 shares.
- Pivotal gets $13.125M cash; smaller sellers included in separate agreements.
- Transaction expected to close early Q3 2026, subject to customary closing conditions.
- Acquired interests include oil, gas, and mineral leases across properties in Oklahoma.