Panhandle Oil and Gas today reported financial and operating results for the third quarter and nine months ended June 30, 2020. Chad L. Stephens, President and CEO, commented, "Clearly the third quarter was challenging given the effects of the global pandemic on the economy and the energy markets. Our sales volumes were down as operators curtailed production and brought fewer wells online due to low commodity prices [...]
Panhandle Oil and Gas Inc. today announced it will release results for its fiscal 2020 third quarter ended June 30, 2020, on Thursday, Aug. 13, 2020, 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. EDT on Aug. 13, 2020. Management's discussion will be followed by a question and answer session with investors. To [...]
Panhandle Oil and Gas today announced it has entered into an agreement with Bank of Oklahoma during its scheduled borrowing base redetermination to amend its revolving credit facility. The amended facility reduces the Company's borrowing base to $32 million effective June 24, 2020. Further details regarding this amendment are contained in a Current Report on Form 8-K filed with the SEC on June 25, 2020. The next regularly [...]
Panhandle Oil and Gas Inc. today reported financial and operating results for the second quarter ended March 31, 2020. Chad L. Stephens, President and CEO, commented, "Panhandle joins the chorus in thanking our remarkable health care workers, hospital staff and front-line responders in essential jobs that are helping the world through this unprecedented time. Risking their health to save ours is immensely appreciated. I [...]
Panhandle Oil and Gas Inc. today announced it will release results for its fiscal 2020 second quarter ended March 31, 2020, on Thursday, May 7, 2020, 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. EDT on May 7, 2020. Management's discussion will be followed by a question and answer session with investors. To [...]
Panhandle Oil and Gas Inc. the "Company," today announced that Robert E. Robotti is retiring from the Company's Board of Directors effective May 1, 2020. Mr. Robotti has served on Panhandle's Board of Directors since 2004. As a result of Mr. Robotti's retirement, the Company's Board of Directors has decided to reduce its size from six directors to five directors at this time and will not fill the vacancy created by Mr [...]
Panhandle Oil and Gas Inc. today announced that Robb P. Winfield, Vice President, CFO, Controller and Corporate Secretary, resigned from his positions on March 9, 2020, effective immediately. Mr. Winfield has served as Panhandle's Controller since February 2008 and, from March 2009 through December 2016, also held the position of Chief Accounting Officer. He was named Vice President, Chief Financial Officer and Controller [...]
Panhandle Oil and Gas Inc. the "Company," today announced the Company's stockholders, at their annual meeting on March 3, 2020, in Oklahoma City, re-elected two incumbent directors to additional three-year terms. Mark T. Behrman of Oklahoma City and Chad L. Stephens of Fort Worth, Texas, were elected to serve three-year terms ending in 2023. In addition, the stockholders approved the Panhandle Oil and Gas Inc. Amended [...]
Panhandle Oil and Gas Inc. today reported financial and operating results for the first quarter ended Dec. 31, 2019. Chad L. Stephens, CEO, commented, "Please find herein the results reflected in our first quarter 2020 financials. We continue to make progress in our transition to a minerals- and royalty-focused company despite the current challenges created by depressed natural gas prices. We closed on the purchase of our [...]
Panhandle Oil and Gas Inc. today announced it will release results for its fiscal 2020 first quarter ended Dec. 31, 2019, on Wednesday, Feb. 5, 2020, 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 Feb. 5, 2020. Management's discussion will be followed by a question and answer session with investors. To [...]
Panhandle Oil and Gas Inc. announced that Chad L. Stephens was approved as Chief Executive Officer of Panhandle, effective Jan. 16, 2020. Mr. Stephens was previously Interim Chief Executive Officer and currently serves as a member of Panhandle's board of directors. Mr. Stephens has nearly 40 years of experience in the oil and gas industry. He was the Senior Vice President of Corporate Development at Range Resources from [...]
In the news release, Panhandle Oil and Gas Inc. Announces Closing of $9.56 Million Acquisition in the Core of the STACK Play, issued 18-Dec-2019 by Panhandle Oil and Gas Inc. over PR Newswire, we are advised by the company that the second bullet should read "boepd" rather than "board" as originally issued inadvertently. The complete, corrected release follows: Panhandle Oil and Gas Inc. Announces Closing of $9.56 Million [...]
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