Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PRESIDIO PRODUCTION Co entered into Purchase and Sale Agreements with Canyon Creek Energy – Arkoma, LLC, Alchemist Energy LeaseCo, LP, Pivotal Arkoma Basin II, LLC, East Dennis Oil Company, LLC, Harvard Petroleum Company, LLC, FBF Energy, LLC, Harbor Island Management Company, LLC valued at 2,173,913 shares of the Company’s common stock...and $60 million of cash (effective 2026-05-07).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Canyon Creek Energy – Arkoma, LLC, Alchemist Energy LeaseCo, LP, Pivotal Arkoma Basin II, LLC, East Dennis Oil Company, LLC, Harvard Petroleum Company, LLC, FBF Energy, LLC, Harbor Island Management Company, LLC
- Value
- 2,173,913 shares of the Company’s common stock...and $60 million of cash
- Effective
- 2026-05-07
Exact text from the filing
On May 7, 2026, Presidio Production Company (NYSE: FTW) ("Presidio" or the "Company") entered into purchase and sale agreements (the "Purchase and Sale Agreements"), by and between each of Canyon Creek Energy – Arkoma, LLC ("Canyon Creek"), Alchemist Energy LeaseCo, LP ("Alchemist"), Pivotal Arkoma Basin II, LLC ("Pivotal"), East Dennis Oil Company, LLC, Harvard Petroleum Company, LLC, FBF Energy, LLC and Harbor Island Management Company, LLC (collectively, the "Seller Parties") pursuant to which the Company acquired the properties and assets from the Seller Parties set forth in the Purchase and Sale Agreements (the "Purchase and Sale Transaction") for 2,173,913 shares of the Company’s common stock (the "Share Consideration"), par value $0.0001 per share ("Common Stock") and $60 million of cash (the "Transaction").
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