---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-076399"
form_type: "8-K"
ticker: "FTW"
cik: "0002083125"
company_name: "PRESIDIO PRODUCTION Co"
filed_at: "2026-07-08T20:38:49+00:00"
generated_at: "2026-07-08T20:40:05.086753+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Presidio closes $83M Canyon Creek acquisition; expects dividend increase to $1.50/share

## Summary
- Purchase price ~$83M; net PDP production ~21 MMcfe/d from 55 wells; estimated PDP PV-10 ~$100M.
- Funded via first $55M draw on new $1.0B ABS Warehouse Facility led by Goldman Sachs; Citizens Bank joined with 40% participation.
- Issued 1,962,240 shares of Class A common stock to sellers; entered Registration Rights Agreement.
- Expected dividend increase from $1.35 to $1.50 per share annually, subject to board approval.
- Strategic entry into Arkoma Basin; expected year-one FCF yield >20% and levered returns >20%.

## SEC filing metadata
- accession: 0001213900-26-076399
- form_type: 8-K
- ticker: FTW
- cik: 0002083125
- company_name: PRESIDIO PRODUCTION Co
- filed_at: 2026-07-08T20:38:49+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2083125/000121390026076399/0001213900-26-076399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2083125/000121390026076399/ea0297001-8k_presidio.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-076399
- JSON: https://secwatch.observer/filing/0001213900-26-076399.json
- Plain text: https://secwatch.observer/filing/0001213900-26-076399.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.