PHX Minerals Inc.

PHX Minerals Inc. today announced that it has entered into an amendment to its revolving Credit Facility under which the borrowing base of the Credit Facility has been increased from $27.5 million to $32.0 million in connection with its regularly scheduled semi-annual redetermination. Additionally, PHX has entered into purchase and sale agreements to acquire 426 total net royalty acres in Caddo Parish, La., for $5,787,272 [...]

PHX Minerals Inc. announced today that it has sold two packages of assets totaling 193 non-operated legacy working interest wellbores located primarily in the Arkoma Shale and Western Anadarko Shale plays of Oklahoma to two undisclosed buyers for a total of approximately $2,500,000. The buyers of the assets will also assume approximately $500,000 of asset retirement obligation from the Company. These working interest [...]

PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2021 year ended Sept. 30, 2021, on Monday, Dec. 13, 2021, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 5:00 p.m. EST on Dec. 13, 2021. Management's discussion will be followed by a question and answer session with investors. To participate on [...]

PHX Minerals Inc. today announced three mineral and royalty acquisitions targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 827 net royalty acres for aggregate consideration of $5,200,000 in cash and stock from a private seller subject to customary closing adjustments . The purchase price consists of $520,000 in cash and 1,519,481 in PHX common stock issued directly to the [...]

PHX Minerals Inc. announced today that it has sold a package of 499 non-operated legacy working interest wellbores located in the Fayetteville Shale of Arkansas to an undisclosed buyer for $2,125,000. The buyer will also assume an asset retirement obligation in the amount of approximately $173,000 from the Company. PHX retains all mineral rights underlying the divested working interest wellbores and will continue to [...]

PHX Minerals Inc., "PHX," , today announced that its Board of Directors approved a payment of one cent per share quarterly dividend at its Oct. 18, 2021, meeting. The dividend will be payable on Dec. 7, 2021, to shareholders of record on Nov. 23, 2021. PHX Minerals Inc. Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas [...]

PHX Minerals Inc., "PHX," , today announced that it has closed on the previously announced purchase of two mineral and royalty packages in East Texas and Louisiana totaling 817 net royalty acres for aggregate consideration in the amount of $7,249,347, consisting of $728,214 in cash and the issuance of 2,349,207 shares of PHX common stock . PHX is entitled to the cash flow from production attributable to the Acquisition [...]

PHX Minerals Inc. announced today that it has agreed to acquire in two separate transactions certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play for aggregate consideration of $7,249,347 in cash and stock, subject to customary closing adjustments. The purchase price consists of $728,214 in cash and $6,521,133 in PHX common stock [...]

PHX Minerals Inc. today announced the closing of a new four-year $100 million senior secured credit facility with an initial Borrowing Base of $27.5 million . The New Credit Facility, which is being led by Independent Bank and includes MidFirst Bank, replaces the Company's prior credit agreement , which was with a lending syndicate led by Bank of Oklahoma. The relevant terms and covenants contained in the New Credit [...]

PHX Minerals Inc. announced today that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission and entered into an At-The-Market Equity Offering Sales Agreement with Stifel, Nicolaus & Company, Incorporated, as sales agent and/or principal , pursuant to which the Company may offer and sell, from time to time to or through Stifel, up to 3,000,000 shares of its common stock through an [...]