FORT WORTH, Nov. 14, 2024 - PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX): The Board of Directors of PHX responds to the WhiteHawk Energy, LLC ("WhiteHawk") proposal to acquire PHX.
The PHX Board of Directors appreciates engagement from all stockholders to enhance stockholder value. We and PHX management continue to review opportunities that are focused on maximizing stockholder value. With respect to the WhiteHawk proposal, as we communicated to WhiteHawk, the Board of Directors of PHX believes it is in the best interest of the Company's stockholders to decline this proposal.
About PHX Minerals Inc.
PHX Minerals is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional information on the Company can be found at www.phxmin.com.
Investor Contact:
Rob Fink / Stephen Lee
FNK IR
646.809.4048
PHX@fnkir.com
Corporate Contact:
405.948.1560
inquiry@phxmin.com
View original content:https://www.prnewswire.com/news-releases/phx-minerals-inc-response-to-the-whitehawk-proposal-302304948.html
SOURCE PHX MINERALS INC.
