PHX Profile
PHX Minerals Inc. operates as a prominent natural gas and oil mineral company within the United States, specializing in the exploration, production, and sale of hydrocarbons. The company's diverse portfolio encompasses natural gas, crude oil, and natural gas liquids, leveraging its extensive mineral holdings to drive production and revenue. PHX Minerals' operations span several key regions, including Oklahoma, Texas, Louisiana, North Dakota, and Arkansas, where it has established a significant presence in the energy sector.
As of September 30, 2022, PHX Minerals held a substantial mineral portfolio with perpetual ownership of approximately 244,739 net acres. The company has also leased 16,260 net acres and maintains working and royalty interests in 6,326 producing oil and natural gas wells. In addition, PHX Minerals has 172 wells either in the drilling phase or awaiting completion. This broad asset base underscores the company's robust operational capabilities and commitment to expanding its production footprint.
PHX Minerals engages in the sale of its hydrocarbon products to a range of buyers, including pipeline operators and marketing companies. This extensive network of purchasers ensures the efficient distribution of its output across various markets, contributing to the company's revenue generation and market presence. The company's strategic approach to asset management and product sales positions it as a significant player in the U.S. energy sector.
Originally founded as Panhandle Oil and Gas Inc. in 1926, the company rebranded as PHX Minerals Inc. in October 2020 to reflect its evolving business focus. Headquartered in Fort Worth, Texas, PHX Minerals continues to build on its long-standing heritage in the energy industry, driving growth through strategic asset management and operational excellence. Its commitment to maintaining a robust and diversified portfolio positions it well for future opportunities in the dynamic energy market.
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