Presidio (FTW) Says Doug AI Adds 400 BOE per Day

Presidio Production Company (FTW) said its Doug AI production surveillance agent delivered an average of 400 barrels of oil equivalent per day in incremental production over the three months preceding its August 12, 2026, second-quarter earnings call. The company did not disclose the agent's standalone revenue contribution.[1]

Presidio produces oil and gas and generates revenue by selling output from its wells. Doug is an artificial intelligence application embedded in the company's core production process and used by field engineers and pumpers. It continuously checks well-level data across Presidio's operated base, compares performance with budgets, expected behavior and theoretical maximum production, identifies anomalies, and provides prioritized assessments and recommended actions.

Doug is deployed across Presidio's field workforce

When Presidio first disclosed Doug publicly on August 12, 2026, the agent was already deployed and had entered the daily workflow of all field personnel. The company also reported its first application-level operating result: an average of 400 BOE per day in incremental production over the prior three months.

This is the only citable public disclosure from the past three years, so the available evidence confirms the current deployment and result but does not establish a trend in adoption or value. It also does not reveal when Presidio first adopted Doug. The company has not disclosed evidence that the application was renamed, upgraded, combined with another product or absorbed into a broader workflow.

The reported gain is measurable, but its baseline is limited

Management explicitly attributed the 400 BOE-per-day increase to Doug and defined the measurement period as the prior three months. The company also said Doug alone contributed 1.4 percentage points to its production result.[1] Presidio did not disclose the denominator or calculation basis for the latter figure. These two metrics show that the application produced a measurable operating gain, but they do not support a more precise growth rate or a comparison across periods.

Revenue potential remains unquantified

Doug's potential revenue effect runs through the production chain. It identifies underperforming wells and helps field personnel prioritize investigation and corrective action. If the recovered oil and gas is sold, the incremental production can flow through to revenue.

Presidio said measured well-level production gains from multiple AI initiatives generated $4.5 million in annualized revenue in the second quarter, but that figure is not attributable to Doug alone. The company did not break out realized prices, the oil-and-gas product mix or sales volumes associated with Doug. Its contribution to revenue, EBITDA and cash flow therefore cannot be calculated from the disclosure.

The evidence supports a narrower conclusion: Doug is used by all Presidio field personnel in a core production workflow and has produced a quantified application-level output gain. Establishing its standalone financial return would require disclosure of actual sales volumes, realized prices or a direct revenue bridge tied to Doug. Until then, incremental production provides a plausible path to revenue growth but does not constitute financial attribution.

Application assessment

• Doug Production Surveillance Agent | Business position: core operations | Application stage: limited production | Deployment scope: single business unit | Value type: revenue growth

Source

[1] Drillr · Presidio Production Company (FTW) · August 12, 2026 · Earnings call

Original: Over the last three months, Doug has averaged 400 barrels of oil equivalent per day of incremental production. 1.4% points of our production result on its own.

Translation: Over the past three months, Doug averaged 400 barrels of oil equivalent per day in incremental production and contributed 1.4 percentage points to the company's production result on its own.