FORT WORTH, Texas, Feb. 1, 2023 – PHX MINERALS INC., “PHX,” (NYSE: PHX), today announced that it has closed on the two previously announced sales of its legacy non-operated working interest wellbores in the Arkoma Basin and the Eagleford Play to separate buyers for a total of $10.7 million.
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, 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 – 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, Nov. 5, 2018– PANHANDLE OIL AND GAS INC. (NYSE: PHX) today reported that it has entered into a definitive agreement to sell 206 net mineral acres and the associated royalty production in Lea and Eddy Counties, N.M., to a private buyer for $9,290,000 cash. The transaction is expected to close by Nov. 30, 2018, and will have an effective date of Nov. 1, 2018.