PHX Minerals Inc. today announced a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller subject to customary closing adjustments . The transaction will be funded with a combination of cash on hand and borrowings under our existing credit facility. The [...]
OKLAHOMA CITY, March 17, 2022 /PRNewswire/ -- PHX Minerals Inc., the "Company" or "PHX" , today announced that Steve Packebush was appointed to the Company's Board of Directors effective April 1, 2022. Mr. Packebush's appointment fills the vacancy created by the retirement of Christopher T. Fraser, which was effective March 2, 2022. "Our Board and management team are delighted that Mr. Packebush has agreed to join our [...]
PHX Minerals Inc., "PHX" or the "Company" , today reported financial and operating results for the first quarter ended Dec. 31, 2021. 31, 2021, AND SUBSEQUENT EVENTS Royalty production volumes for the first fiscal quarter of 2022 increased 23% to 1,225 Mmcfe from 998 Mmcfe in the fourth fiscal quarter of 2021 and total production volumes for the first fiscal quarter of 2022 decreased 4% to 2,128 Mmcfe from 2,212 Mmcfe in [...]
PHX Minerals Inc., "PHX," , today announced it will release results for its fiscal 2022 first quarter ended Dec. 31, 2021, on Monday, Feb. 14, 2022, following the close of trading on the New York Stock Exchange. Additionally, the Company will host a conference call to discuss the results at 11:00 a.m. EST on Feb. 15, 2022. Management's discussion will be followed by a question and answer session with investors. To [...]
PHX Minerals Inc. today reported financial and operating results for the fourth quarter and fiscal year ended Sept. 30, 2021. 30, 2021, AND SUBSEQUENT EVENTS Total production volumes for the full fiscal year 2021 increased 6% to 9,076 Mmcfe from 8,593 Mmcfe in the full fiscal year 2020. Royalty production volumes for the full fiscal year 2021 increased 25% to 4,178 Mmcfe from 3,348 Mmcfe in the full fiscal year 2020 [...]
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 [...]
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