FORT WORTH, Texas, Aug. 24, 2023
Acquisitions
PHX Minerals Inc. Announces Acquisition in the Haynesville
PHX Minerals Inc. Announces Acquisition in the Haynesville
OKLAHOMA CITY, Dec. 9, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE: PHX) ("PHX" or the "Company") today announced that it has entered into an amendment to its revolving credit facility (“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.
OKLAHOMA CITY, Dec. 1, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE: PHX) ("PHX" or the "Company") 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.
OKLAHOMA CITY, Nov. 10, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE: PHX) ("PHX" or the "Company") 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 “Acquisition”).
OKLAHOMA CITY, November 1, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE: PHX) ("PHX" or the "Company") 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 receive royalties where applicable.
OKLAHOMA CITY, April 15, 2021 – PHX Minerals Inc. (NYSE: PHX) (“PHX” or the “Company”) announced today that it has agreed to acquire from certain third parties certain mineral and royalty interests totaling approximately 2,698 net royalty acres in the Southern SCOOP play (the “Acquisition”) for $11,947,000 in cash and stock, subject to customary closing adjustments.