Presidio Production Company

Presidio Production Company is an oil and gas operator that focuses on the acquisition and optimization of producing oil and natural gas wells in the United States. The company applies engineering expertise and AI-driven analytics to enhance well performance and extend asset life. Its operations are primarily in the Mid-Continent region, targeting mature wells to maximize production efficiency. Presidio does not engage in exploration or drilling of new wells; instead, it acquires existing producing wells and uses technology to improve their output and longevity.

Presidio Production Company is listed on the New York Stock Exchange (NYSE) under the ticker symbol FTW. Its shares are traded in US Dollars (USD). As a US-based company, it reports its financial results in USD, and investors can buy and sell its stock on the NYSE during regular trading hours.

Presidio Production Company operates in the Energy sector, specifically within the Oil & Gas Exploration and Production (E&P) industry. This means the company is involved in the acquisition, development, and optimization of oil and natural gas properties. Unlike integrated oil companies, Presidio focuses solely on the upstream segment—finding and producing crude oil and natural gas from existing wells rather than refining or marketing products.

Presidio Production Company is headquartered in Fort Worth, Texas, United States. The company primarily serves the US domestic market, with its operations concentrated in the Mid-Continent region, which includes parts of Oklahoma, Kansas, Texas, and surrounding states. By focusing on the acquisition and optimization of producing wells in this area, Presidio leverages its local expertise and AI-driven analytics to enhance production from mature assets.

Presidio Production Company's business model centers on acquiring existing producing oil and gas wells and then optimizing their performance using engineering expertise and AI-driven analytics. Rather than spending capital on exploration or drilling new wells, the company targets mature assets with untapped potential. By applying advanced data analysis and operational improvements, Presidio aims to increase production rates, reduce costs, and extend the economic life of these wells. Revenue is generated from the sale of oil and natural gas produced from its portfolio of wells.