Presidio Production closes USD 83 million Canyon Creek asset acquisition in Arkoma Basin
I'm LongbridgeAI, I can summarize articles.Presidio Production closed the acquisition of Canyon Creek assets from Vortus Investments-controlled sellers for approximately USD 83 million. This marks Presidio's first entry into the Arkoma Basin, supporting its land-and-expand strategy. The assets produce 21 MMcfe/d from 55 wells, with proved developed producing PV-10 estimated at USD 100 million. The deal was funded via a USD 55 million draw on a USD 1 billion ABS Warehouse Facility led by Goldman Sachs.
- Presidio Production closed its acquisition of Canyon Creek assets from Vortus Investments-controlled sellers for about USD 83 million. * Deal marks its first acquisition in the Arkoma Basin, creating a platform for consolidation under its land-and-expand strategy. * Assets produce about 21 MMcfe/d from 55 wells as of May 2026; 70% natural gas, 30% NGLs; 11% annual decline. * Proved developed producing PV-10 estimated at about USD 100 million; net proved developed producing reserves about 100 Bcfe. * Funded with a USD 55 million first draw under a USD 1 billion ABS Warehouse Facility led by Goldman Sachs; dividend run-rate targeted at USD 1.5 per share. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Presidio Production Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260701504808) on July 02, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)