Presidio to Acquire $80 Million in Producing Assets

Acquisition Expected to Boost Dividend and Generate Strong Returns

Published on Feb. 24, 2026

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Presidio Investment Holdings LLC, a differentiated oil and gas operator, has entered into a letter of intent to acquire certain producing assets in the Arkoma Basin from companies controlled by Vortus Investments for $80 million. The acquisition is expected to increase Presidio's annual dividend to $1.50 per share and generate levered returns exceeding 20 percent.

Why it matters

This acquisition marks a key milestone in Presidio's strategy as a public company, allowing it to expand its footprint and pursue further consolidation in adjacent basins. The company's focus on optimizing mature, producing assets and returning cash to shareholders through dividends sets it apart from traditional exploration and production companies.

The details

The acquisition includes 56 producing wells with net production of approximately 22.6 Mmcfe/d, 70% gas and 30% NGLs, and a 12% decline rate. Presidio plans to fund the acquisition using cash on hand, its Goldman Sachs ABS Warehouse Facility, and $20 million in Presidio equity provided to the seller. The company expects the transaction to close in the second quarter of 2026, subject to customary due diligence and closing conditions.

  • Presidio entered into the letter of intent on February 24, 2026.
  • The acquisition is expected to close in the second quarter of 2026.

The players

Presidio Investment Holdings LLC

A differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States.

EQV Ventures Acquisition Corp.

A special purpose acquisition company that Presidio is in the process of merging with to become a public company.

Vortus Investments

A Fort Worth-based private equity firm that is selling the producing assets to Presidio.

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What they’re saying

“This acquisition reflects exactly how we intend to grow Presidio, entering new and adjacent basins to acquire producing assets which are ripe for consolidation and optimization.”

— Chris Hammack, Co-Founder and Co-CEO of Presidio

“Vortus has long believed in the value of mature, producing assets as a foundation for enduring cash returns, and we are confident that Presidio's differentiated public market model is the right home for these properties.”

— Brian Crumley, Managing Partner of Vortus

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This acquisition highlights Presidio's strategy of acquiring and optimizing mature, producing oil and gas assets to generate stable, high-yielding dividends for public market investors, a differentiated approach in the industry.