Item 9.01. Financial Statements and Exhibits. (a) Financial statements of businesses acquired. The audited combined statement of revenues and direct operating expenses of the Arkoma Acquired Properties for the year ended December 31, 2025, including the related notes thereto, is filed herewith as Exhibit 99.1 and incorporated herein by reference.…
Headquartered in Fort Worth, TX, Presidio Production Company (NYSE: FTW) is a yield-focused, differentiated oil and gas operator in the United States focused on the acquisition and optimization of producing oil and natural gas wells, without drilling. Presidio applies engineering expertise and AI-driven analytics to enhance performance and extend asset life. The Company’s Class A common stock is listed on the New York Stock Exchange under the ticker symbol “FTW”. To learn more, visit https://bypresidio.com/.
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Item 9.01Item 9.01 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
The audited combined statement of revenues and direct operating expenses
of the Arkoma Acquired Properties for the year ended December 31, 2025, including the related notes thereto, is filed herewith as Exhibit
99.1 and incorporated herein by reference.
The unaudited combined statement of revenues and direct operating expenses
of the Arkoma Acquired Properties for the six months ended June 30, 2026, including the related notes thereto, is filed herewith as Exhibit
99.2 and incorporated herein by reference.
The Arkoma Acquired Properties were acquired from the Seller Parties
pursuant to seven separate PSAs that were executed on May 7, 2026. Because each acquisition was conditioned upon a single common event,
the seven acquisitions are “related businesses” under Rule 3-05(a)(3) of Regulation S-X, and were treated as a single business
acquisition for purposes of Rule 3-05 and aggregated for purposes of the significance tests under Rule 1-02(w) of Regulation S-X.
Further, since the Arkoma Acquired Properties were under common management
and the Arkoma Acquired Properties generate substantially all of their revenues from oil and gas producing activities, the Company is
presenting statements of revenues and direct operating expenses, filed as Exhibits 99.1 and 99.2, for the Arkoma Acquired Properties on
a combined basis for the seven acquisitions. In addition, the unaudited pro forma financial information filed as Exhibit 99.3, give effect
to the acquisitions on a combined basis.
(b) Pro forma financial information.
The unaudited pro forma condensed combined financial information of
the Company giving effect to the acquisition of the Arkoma Acquired Properties is filed herewith as Exhibit 99.3 and incorporated herein
by reference. The unaudited pro forma financial information gives effect to the Arkoma Acquisition on the basis, and subject to the assumptions,
set forth therein and in accordance with Article 11 of Regulation S-X.
(d) Exhibits.
Exhibit No. Description
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
99.1 Audited combined statement of revenues and direct operating
expenses of the Arkoma Acquired Properties for the year ended December 31, 2025.
99.2 Unaudited combined statement of revenues and direct operating
expenses of the Arkoma Acquired Properties for the six months ended June 30, 2026.
99.3 Unaudited pro forma condensed combined financial information of Presidio Production Company giving effect to the acquisition of the Arkoma Acquired Properties acquired from the Seller Parties for the six months ended June 30, 2026 and for the year ended December 31, 2025.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Filed exhibits (2)
EX-99.1 (by filename) ea030564101ex99-1.htm
EX-99.1
2
ea030564101ex99-1.htm
AUDITED COMBINED STATEMENT OF REVENUES AND DIRECT OPERATING EXPENSES OF THE ARKOMA ACQUIRED PROPERTIES FOR THE YEAR ENDED DECEMBER 31, 2025
Exhibit 99.1
ARKOMA ACQUIRED PROPERTIES
COMBINED STATEMENT
OF REVENUES AND DIRECT OPERATING EXPENSES
Year Ended December 31, 2025
with Report of Independent Certified Public Accountants
Table of Contents
Report of Independent Certified Public Accountants 2
Combined Statement of Revenues and Direct Operating Expenses 4
Notes to the Combined Statement of Revenues and Direct Operating Expenses 5
Supplemental Oil and Natural Gas Disclosures (Unaudited) 7
GRANT REPORT
THORNTON LLP OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
500
N. Akard, Suite 1200
Dallas,
TX 75201
D +1 214 561 2300
F +1 214 561 2370
Board
of Directors
Presidio Production Company
Opinion
We
have audited the Combined Statement of Revenues and Direct Operating Expenses attributable to certain mineral and royalty interests (collectively,
the “Arkoma Acquired Properties,” as described in Note 1), for the ye…
Open exhibit ↗EX-99.2 (by filename) ea030564101ex99-2.htm
EX-99.2
3
ea030564101ex99-2.htm
UNAUDITED COMBINED STATEMENT OF REVENUES AND DIRECT OPERATING EXPENSES OF THE ARKOMA ACQUIRED PROPERTIES FOR THE SIX MONTHS ENDED JUNE 30, 2026
Exhibit 99.2
ARKOMA ACQUIRED PROPERTIES
STATEMENT OF COMBINED
REVENUES AND DIRECT OPERATING EXPENSES
(UNAUDITED)
Six Months Ended June 30, 2026
Table of Contents
Combined Statement of Revenues and Direct Operating Expenses (Unaudited) 2
Notes to the Combined Statement of Revenues and Direct Operating Expenses (Unaudited) 3
ARKOMA ACQUIRED PROPERTIES
COMBINED STATEMENT OF REVENUES AND DIRECT OPERATING
EXPENSES (UNAUDITED)
$ in thousands Six Months
Ended
June 30,
2026
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Revenues:
Oil sales $ 276
Natural gas sales 8,406
Natural gas liquids sales …