EQV Ventures Acquisition

What EQV Ventures Acquisition does

EQV Ventures Acquisition Corp. was a special-purpose acquisition company (SPAC) sponsored by EQV Group that priced a $350 million IPO on the NYSE in August 2024. In March 2026, EQV closed a business combination with Presidio Investment Holdings LLC, creating Presidio Production Company (NYSE: FTW) with a $735 million enterprise value. The combined entity operates as a dividend-yield-driven C-Corp focused exclusively on acquiring and optimizing mature, proved-developed-producing oil and gas wells in the U.S. Mid-Continent, with current operations spanning more than 2,000 producing wells across Texas, Oklahoma, and Kansas and expected 2025 net production of 26 Mboe/d.

The company's operating model is anchored on a capital-light acquisition-and-optimization platform. It targets under-managed producing assets and applies AI/ML-driven optimization, automation, and real-time data analytics to improve uptime and lower lifting costs, rather than reinvesting in drilling. Reported operating characteristics include a 8% production decline rate versus a 24% peer average, only 3% of cash flow reinvested, 78% of estimated production hedged through 2027, and a post-merger dividend policy of $1.35/share annually (approximately 13.5% yield at $10/share). Revenue is generated solely from commodity sales of crude oil, natural gas, and natural gas liquids, with no disclosed offtake customer concentration. A novel ABS warehousing structure, supported by a $1 billion acquisition financing facility arranged by Goldman Sachs, gives the company immediate access to acquisition capital at lower debt cost than traditional bridge loans, supporting a screened acquisition backlog of $13–15 billion in aggregate value.

Name

EQV Ventures Acquisition

Legal name

EQV Ventures Acquisition Corp.

Website

https://eqvventures.com

Company type

Public

Founded year

2022

Operating status

Acquired

Headcount range

11–50 employees

Short description

Presidio Production Company (formed via SPAC merger of EQV Ventures Acquisition) is a publicly traded, dividend-focused U.S. oil and gas producer that acquires and optimizes mature, low-decline wells in Texas, Oklahoma, and Kansas, returning cash to shareholders rather than drilling.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Special purpose acquisition
• Oil and gas production
• Upstream exploration
• Mature asset optimization
• Dividend yield investing

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Oil and Gas Production: Revenue generated from the sale of oil, natural gas, and natural gas liquids (NGLs) produced from over 2,000 operated wells across Texas, Oklahoma, and Kansas. Production is hedged through 2027 with 78% of estimated production protected.

Distribution channels1 record

Marketing channels3 records

Core offering

EQV Ventures Acquisition Corp. was a special purpose acquisition company (SPAC) that completed a business combination with Presidio Investment Holdings LLC in March 2026, creating Presidio Production Company (NYSE: FTW). The combined entity acquires and optimizes mature, producing oil and gas assets across the U.S. Mid-Continent, operating more than 2,000 wells in Texas, Oklahoma, and Kansas. The core offering is dividend-yield-driven C Corp ownership in low-decline, hedged production with minimal capital reinvestment requirements.

Product overview

EQV Ventures Acquisition Corp. completed a SPAC merger with Presidio Investment Holdings LLC in March 2026, creating Presidio Production Company (NYSE: FTW). The combined entity is a dividend-yield driven oil and gas company focused exclusively on acquiring and optimizing mature, producing oil and gas assets. The company's strategy centers on minimal reinvestment requirements and returning cash to shareholders through dividends, rather than drilling programs. Key products include the Presidio Production Company public entity and the company's core oil and gas well optimization operations, which utilize automation, real-time data analytics, and AI-driven workflows to maximize production efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Presidio Production Company

Quantifiable outcome

• 8% production decline rate vs 24% peer average
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered key, supporting and core.

• Vortus InvestmentskeyStrategic or Co-development Partner · 24 February 2026Presidio entered into LOI to acquire producing assets in the Arkoma Basin from Vortus Investments for $80 million. Vortus retained equity in the combined company and partnered with Alchemist Energy on joint opportunities.
• Alchemist EnergysupportingStrategic or Co-development Partner · 24 February 2026Vortus portfolio company focused on drilling and development of new wells, partnering with Presidio on opportunities containing both producing assets and undeveloped drilling potential.
• EQV Resources LLCcoreStrategic or Co-development Partner · 5 August 2025Affiliated entity from which Presidio acquired complementary Texas Panhandle assets immediately following the closing of the business combination, contributing to the pro forma enterprise value.

Scale indicators11 records

Recent moves2 records

Broad incumbents

• Devon Energy: Devon Energy (DVN) is a large-cap US E&P that pioneered the variable-plus-fixed dividend framework for shale producers and consistently executes bolt-on acreage consolidations; while an incumbent major rather than a pure-acquirer, its dividend-discipline playbook informs the model Presidio is targeting at a smaller scale.
• Diamondback Energy: Diamondback Energy (FANG) is a Permian-focused US E&P that has executed major acquisitions (Energen, Double Eagle) and grew Viper Energy as a mineral-interest affiliate; its M&A appetite and affiliate mineral strategy make it an incumbent comparable in the consolidation and capital-return peer set.
• Civitas Resources: Civitas Resources (CIVI) is a publicly traded DJ Basin operator formed through the Bonanza Creek/Extraction merger + Permian acquisitions; it emphasizes cash returns over drilling growth, making it a relevant incumbent peer in the dividend-focused US E&P cohort even though it is a larger operator than Presidio.
• Coterra Energy: Coterra Energy (CTRA) is a large-cap US E&P formed via Cabot/Cimarex with a multi-basin mature-asset base and explicit emphasis on shareholder returns; while much larger than Presidio, its philosophy of returning cash from low-decline production provides a benchmark for the dividend-yield-driven C-corp model.

Direct peers

• Crescent Energy: Crescent Energy (CRGY) is a publicly traded E&P formed through large-scale combinations (eg. SilverBow, Vital Energy) that consolidates mature, producing US oil and gas assets and is repositioned around durable free cash flow and disciplined capital return — directly comparable to Presidio's consolidation model.
• Kimbell Royalty Partners: Kimbell Royalty Partners (KRP) is a publicly traded mineral and royalty acquirer that grows through consolidations (eg. Kimball Gas, Snapper Creek, Altus) and pays a meaningful distribution yield; its acquisition-driven, capital-light model is closely aligned with Presidio's dividend-yield focus on mature US production.
• Sitio Royalties Corp. Sitio Royalties (STR) is a publicly traded mineral and royalty acquirer that consolidates non-operating interests in producing US oil and gas wells with an explicit focus on durable dividend distributions; its acquisition-centric, dividend-yield-driven thesis closely parallels Presidio Production Company.
• Viper Energy: Viper Energy (VNOM) is a publicly traded mineral and royalty platform majority-owned by Diamondback Energy that acquires and optimizes non-operated interests in producing US wells to generate high-yield royalty income; the operator-light, dividend-oriented profile is highly comparable to Presidio.
• Black Stone Minerals: Black Stone Minerals (BSM) is a publicly traded mineral and royalty owner that derives royalty income from producing US oil and gas wells; it is a comparable operator-light, dividend-paying vehicle though focused on mineral interests rather than operated wellhead optimization.
• Northern Oil and Gas: Northern Oil and Gas (NOG) is the closest direct peer: a publicly traded E&P that specializes in acquiring non-operated working interests in mature US oil and gas wells, returning capital to shareholders via dividends and buybacks rather than drilling. Its acquisition-led, capital-light platform mirrors Presidio's strategy precisely.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/presidio-petroleum-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EQV Ventures Acquisition