Presidio is an independent oil and gas exploration and production company that focuses on acquiring and optimizing mature, long-lived assets. Operating primarily in the Anadarko and Arkoma Basins across Texas, Oklahoma, and Kansas, Presidio targets proved developed producing wells rather than drilling new wells. The company applies engineering expertise and analytics to its acquired assets to lower operating costs and extend productive life. Presidio generates revenue through the sale of oil, natural gas, and NGLs. A central feature of its business model is the use of asset-backed securitization to finance acquisitions, where the company conveys producing wellbores into special purpose vehicles to issue fixed-rate amortizing notes. To ensure predictable cash flows for debt service and dividends, Presidio maintains a heavy hedging program covering at least 85% of projected production. Growth depends almost exclusively on continuous acquisitions to replace naturally declining reserves. Presidio utilizes a warehouse facility to stage these assets before permanent securitization. The company prioritizes cash flows for debt repayment, shareholder dividends, and further asset purchases. The capital structure includes high-cost Series A Preferred stock, which limits financial flexibility through protective provisions and consent rights.