EQV Ventures Acquisition Corp. and Presidio Petroleum LLC announced the filing of a registration statement on Form S-4 with the SEC.
The registration statement provides important information about the proposed business combination between EQV and Presidio Petroleum.
The combined company will be renamed "Presidio Production Company" and listed on the NYSE under the ticker symbol "FTW."
Business Combination Agreement
EQV entered into a business combination agreement with PIH on August 5, 2025.
Pro Forma Enterprise Value
Presidio Production is valued at approximately $660 million representing a discount to combined proved developed PV-10 value.
Market Entry
Presidio Production entering the public markets at a significant moment in the energy sector.
- Presidio Production's differentiated model focuses on sustainable cash flow from existing assets.
- The transaction values Presidio Production at a pro forma enterprise value of $660 million.
- Zero reliance on future drilling and substantial free cash flow set Presidio Production apart in the energy sector.
Presidio Production's entry into the public markets reflects a strategic move in the changing energy landscape. The business combination with EQV signals a promising future for the newly formed "Presidio Production Company."