Presidio Production Company begins NYSE trading under FTW ticker

Presidio Production Company completed its business combination with EQV Ventures Acquisition Corp. and began trading on the New York Stock Exchange under the ticker "FTW" on March 5, 2026.

The transaction created a publicly traded oil and gas company with a $735 million enterprise value. EQV shareholders approved the business combination on February 27, 2026, which included $350 million in preferred and common equity gross proceeds from investors including JPMorgan Investment Management and Morgan Stanley Energy Partners.

The Fort Worth, Texas-based company focuses on acquiring and optimizing producing oil and natural gas wells without drilling. Presidio completed its first acquisition of EQV Resources assets in conjunction with the transaction closing, estimating a 50% reduction in operating costs on the first day of operations.

The company's capital structure includes $324 million in equity market capitalization with 29.3 million shares of common stock, $125 million of preferred equity, $37 million of RBL debt, and $264.1 million of investment grade ABS debt.

Presidio expects to initiate a dividend of $1.35 per share annually, paid quarterly and subject to board approval. The company anticipates increasing the annual dividend to $1.50 per share following the expected completion of an $80 million Arkoma acquisition currently under letter of intent.

The company plans to fund the Arkoma acquisition through cash on hand, Presidio equity, and a $1 billion Goldman Sachs ABS warehouse facility. Presidio intends to use technology including automation, real-time data analytics and artificial intelligence processes to optimize its acquisitions.

"Presidio's debut in the public market represents a continuation of a strategy that has defined our success from day one: disciplined operations, rigorous capital allocation, and a commitment to technically driven optimization of high‑quality, producing assets," said Will Ulrich, Co-Founder and Co-CEO.

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