Fort Worth Oil and Gas Co. Set to Go Public in $660 Million SPAC Merger
UNITED STATES, AUG 5 – The $660 million merger creates a publicly traded company with a 13.5% dividend yield, focusing on mature oil and gas assets and stable cash flow in the U.S. midcontinent region.
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Fort Worth oil and gas co. set to go public in $660 million SPAC merger
Fort Worth-based oil and gas operator Presidio Investment Holdings is set to go public in a SPAC deal valued at $660 million. While the use of SPACs has decreased since a peak in 2021 over regulatory scrutiny, SPAC deals have been on the rise since the Trump administration took office.
Presidio Petroleum to go Public via Business Combination with EQV Ventures Acquisition Corp., Creating a Differentiated Dividend Yield-Driven C Corp Focused on the Optimization, Acquisition and Production of Oil and Natural Gas
Presidio expects to initiate a $1.35/share annual common dividend (13.5% expected dividend yield at $10.00/share) after closingiExpected net production of...
Presidio Petroleum to go public via strategic merger with EQV Ventures – Oil & Gas 360
(World Oil)– Presidio Petroleum announced plans to go public via a definitive business combination agreement with EQV Ventures Acquisition Corp. The combined company is expected to have an estimated post-transaction enterprise value of approximately $660 million, including acquired assets. The combined business will operate over 2,000 producing wells across Texas, Oklahoma and Kansas with expected net production of 26 million boed in 2025. The
Presidio Targets Public Debut in $660M SPAC Deal
Presidio Petroleum is preparing to enter the public markets through a strategic merger with EQV Ventures Acquisition Corp, signaling a renewed investor appetite for mature oil and gas assets. The deal is expected to position Presidio as a dividend-focused operator with a significant footprint across the Midcontinent. Headquartered in Fort Worth, Presidio has built a portfolio of more than 2,000 producing wells, concentrated heavily in the Texas …
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