OKLAHOMA CITY, Oct.
OKLAHOMA CITY, Aug. 27, 2020– PANHANDLE OIL AND GAS INC. (NYSE: PHX) (“Panhandle”) today announced that it has agreed to acquire two packages of mineral and royalty assets totaling approximately 795 net royalty acres in the SCOOP and Haynesville plays from Red Stone Resources, LLC (the “Assets”) for $6.9 million (the “Acquisition”) in cash and stock, subject to customary closing adjustments.
OKLAHOMA CITY, Dec. 18, 2019– PANHANDLE OIL AND GAS INC. (NYSE: PHX) (“Panhandle”) today announced that on Dec. 18, 2019, it closed on the acquisition of 700 net mineral acres in the core of the STACK play in Oklahoma for $9.56 million (the “Transaction”) in cash subject to customary closing adjustments. The Transaction has an effective date of Sept. 1, 2019, which entitles Panhandle to revenues from volumes produced on and after such date.
OKLAHOMA CITY – PANHANDLE OIL AND GAS INC., the “Company,” (NYSE: PHX), today reported financial and operating results for the third quarter and nine months ended June 30, 2019.
OKLAHOMA CITY, Nov. 30, 2018– PANHANDLE OIL AND GAS INC. (NYSE: PHX) today reported that on Nov. 30, 2018, it closed on the divestiture of the mineral acreage and associated royalty production announced in its Nov. 5, 2018, press release. The payment of $9.3 million for the 206 net mineral acres ($45,000 per net mineral acre) located in Lea and Eddy Counties, N.M., will initially be used to reduce the Company’s bank debt.
OKLAHOMA CITY, Aug. 22, 2018– PANHANDLE OIL AND GAS INC. (NYSE: PHX) today reported that on August 21, 2018, it closed on the acquisition of the mineral acreage and producing oil and gas properties announced in its July 19, 2018, press release. The purchased assets are primarily located in the Bakken/Three Forks play in North Dakota. Activity on the acreage is ongoing with eight of the twenty previously drilled uncompleted Bakken/Three Forks wells (DUCs) now producing. The purchase price was $9 million and was funded utilizing the Company’s bank credit facility.
OKLAHOMA CITY, July 19, 2018– PANHANDLE OIL AND GAS INC. (NYSE: PHX) today reported that it has entered into a definitive agreement to acquire certain mineral acreage and producing oil and gas properties from a private seller for total consideration of $9,000,000 cash. The transaction is expected to close within 45 days and will have an effective date of June 1, 2018.