Presidio Closes Canyon Creek Acquisition

About this update from Presidio Production Company

Expected dividend increase to $1.50 per share FORT WORTH, Texas, July 02, 2026--(BUSINESS WIRE)--Presidio Production Company (NYSE: FTW) ("Presidio" or the "Company") today announced the closing of its acquisition of the Canyon Creek assets (the "Transaction") from companies controlled by Vortus Investments and additional sellers (the "Sellers"). The closing marks the first use of the Company's ABS Warehouse Facility of up to $1.0 billion, led by Goldman Sachs. The Transaction is Presidio's second acquisition as a public company and its first in the Arkoma Basin. It establishes a platform for future consolidation under the Company's land-and-expand strategy. The Company believes the Transaction will support an increase to its anticipated annualized dividend rate from $1.35 to $1.50 per share, subject to approval by the Board of Directors. "This is the second of many expected acquisitions, a low-decline, cash-flowing asset that fits the Company's criteria perfectly. We look forward to increasing the dividend while realizing strong returns as we take over the asset. We are also pleased to welcome Citizens, our RBL lender, into our ABS Warehouse Facility in conjunction with our first funding," said Will Ulrich, Chairman and Co-CEO of Presidio. Chris Hammack, Co-CEO and Director of Presidio, continued, "This transaction establishes our entry into the Arkoma Basin, where we see a compelling opportunity to build scale through consolidation using the same land-and-expand strategy we've successfully executed in the Western Anadarko. We believe these assets are an excellent fit for Presidio's operating model, and we intend to deploy our proven playbook of disciplined execution, AI-enabled analytics, and operational excellence to drive lower costs, optimize production, improve well-level margins, and maximize long-term value for our shareholders." Acquisition Highlights ABS Financing The Transaction was funded through the Company's first draw of $55 million under its ABS Warehouse Facility, led by Goldman Sachs. Citizens Bank, N.A., the Company's RBL lender, joined the facility with a 40% participation, broadening the lender base and enhancing the facility's capacity to scale for future acquisitions.

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