Presidio Celebrates Debut on New York Stock Exchange, Marking Its First Day of Trading

Yield-Focused Oil & Gas Producer Dispatched Additional Workover Rig to Target Increased Production from Oil Assets

FORT WORTH, Texas--(BUSINESS WIRE)--Presidio Production Company ("Presidio" or the "Company") (NYSE: FTW), an oil and gas operator focused on the acquisition and optimization of producing oil and natural gas wells without drilling, celebrated the listing and first trade of its common stock on the New York Stock Exchange, marking a new chapter for the company. Amid its transition to public markets, the company is closely monitoring the increase in oil prices and has immediately dispatched an additional workover rig targeting increased production from its portfolio of oil wells.

Company management, including Co-Founders and Co-Chief Executive Officers Will Ulrich and Chris Hammack, and Chief Financial Officer John Brawley, celebrated the occasion on the floor of the New York Stock Exchange on March 5, 2026.

“Ringing the bell at the NYSE is a tribute to our team’s dedication to a non-drilling, yield-focused strategy that prioritizes consistent cash flow for our investors,” said Co-CEO Will Ulrich.

The move followed the successful completion of its business combination, resulting in the listing of a publicly traded company that applies a differentiated strategy to acquire and optimize producing oil and gas assets without drilling, and transfers cash flow to shareholders via dividends.

Presidio's entry into the public markets comes at a pivotal moment in the energy sector. The Company owns and operates over 2,000 producing wells across Texas, Oklahoma, and Kansas, with a differentiated model that stands out with zero reliance on future drilling, minimal capital investment, and substantial free cash flow.

About Presidio

Headquartered in Fort Worth, TX, Presidio (NYSE: FTW) is a leading operator of stable oil and gas wells across the Mid-Continent. Presidio is a yield-focused, differentiated oil and gas operator in the United States focused on the acquisition and optimization of producing oil and natural gas wells, without drilling. To learn more about Presidio, please visit https://bypresidio.com/.

Forward-Looking Statements

The statements contained in this press release that are not purely historical are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects the Company. There can be no assurance that future developments affecting the Company will be those that we have anticipated. These forward-looking statements speak only as of the date this press release is actually delivered and involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.

Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against the Company or others; (2) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the consummation of the Business Combination; (3) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (4) changes in applicable laws or regulations; (5) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (6) changes in domestic and foreign business, market, financial, political conditions, and in applicable laws and regulations; (7) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (8) the ability of the Company to build or maintain relationships with customers and suppliers and retain its management and key employees; (9) risks related to commodity price volatility and its impact on cash flows and dividend sustainability; (10) risks related to oil and gas operations, including production declines, operational challenges, and regulatory changes; (11) risks related to the Company's acquisition strategy and its ability to identify, complete, and integrate acquisitions; (12) risks related to the Company's ability to pay, maintain or increase dividend payments; and (13) other risk factors described herein as well as the risk factors and uncertainties described in documents filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" and similar sections in its filings with the SEC, including the Registration Statement relating to the Business Combination filed by the Company, and any periodic Exchange Act reports filed with the SEC such as its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The recipient of this press release should carefully consider the foregoing risk factors and the other risks and uncertainties which will be more fully described in the documents filed by the Company from time to time with the SEC. If any of these risks materialize or the underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.

In addition, there may be additional risks that the Company presently know, or that it currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation or warranty, either express or implied, by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.

In addition, the information contained in this press release is provided as of the date hereof and may change, and the Company and its representatives and affiliates specifically disclaim any obligation to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, inaccuracies, future events or otherwise, except as may be required under applicable securities laws. Information contained on our website is not a part of or incorporated into this press release.

Dividends are not guaranteed and may be adjusted, suspended, or discontinued at the discretion of the Board of Directors based on liquidity, legal surplus, business conditions, commodity price volatility, market conditions and other factors.