PHX Minerals Inc.
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About
Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, Texas, North Dakota, New Mexico and Arkansas.
The company changed its name from Panhandle Oil and Gas Inc. in October 2020.
Editor's note: Updated April 19, 2021.
Transactions
PHX Minerals Makes Second Haynesville Acquisition in Past Week
PHX Minerals Makes Second Haynesville Acquisition in Past Week
PHX Minerals Adds to Growing Haynesville Inventory with Latest Acquisition
PHX Minerals Adds to Growing Haynesville Inventory with Latest Acquisition
PHX Minerals Announces Acquisition in the Haynesville Shale
PHX Minerals Announces Acquisition in the Haynesville Shale
PHX Minerals Completes Arkoma, Western Anadarko Basin Divestitures
PHX Minerals Completes Arkoma, Western Anadarko Basin Divestitures
PHX Minerals Continues to Tack On Scoop Acreage Following Asset Sales
PHX Minerals Continues to Tack On Scoop Acreage Following Asset Sales
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New Financings
Entered into an amendment to its revolving credit facility under which the borrowing base of the credit…
Closed a new four-year senior secured credit facility with an initial borrowing base of $27.5 million.…
Priced an underwritten public offering of 5.5 million shares of its common stock, upsized from its…
Bank group set the borrowing base under its credit agreement at $80 million. The current outstanding…
Plans to buy back approximately 83,750 shares at approximately US$35.82 each.
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News
PHX Insists Shareholders Reject WhiteHawk’s Latest Offer
PHX Minerals’ board maintained its stance on Nov. 14 that WhiteHawk’s latest offer was not in the best interest of its stockholders.
WhiteHawk Badgers Response from PHX on Acquisition Offer
WhiteHawk Energy’s move follows months of unsuccessful attempts to engage PHX Mineral's leadership, including a previous stock-for-stock merger proposal in August 2023.
WhiteHawk Proposes 17% Premium Cash Takeout Offer for PHX Minerals
WhiteHawk Energy, in pursuit of a merger with PHX Minerals for at least 18 months, has proposed an offer representing a 17% premium to the mineral company’s 30-day average weighted price.
Dividends Declared Week of May 20, 2024
Here is a selection of upstream and service and supply company dividends declared in the past week.
Minerals Market Growing But Needs More Scale, Consolidation
The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.
PHX Minerals’ Borrowing Base Reaffirmed
PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
PHX Minerals Adds Haynesville, SCOOP Assets
PHX Minerals said it acquired assets concentrated in the core of the Haynesville and SCOOP under active operators including Aethon Energy Operating LLC and Chesapeake Energy.
PHX Minerals: No Comment on WhiteHawk’s Unsolicited Merger Proposal
PHX Minerals CEO Chad Stephens said the board is evaluating WhiteHawk’s offer to combine in a stock-for-stock merger—but he didn’t comment much more on the unsolicited proposal.
WhiteHawk Energy Takes Spurned PHX Minerals Merger Proposal Public
After several unsuccessful attempts to engage PHX Minerals in merger talks, WhiteHawk Energy released a letter communicating its proposal directly to PHX shareholders.
PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions
PHX has added roughly 1,800 royalty acres in the SCOOP and Haynesville since July.
PHX Minerals Makes Second Haynesville Acquisition in Past Week
The recent acquisition is in addition to PHX Minerals’ $5.1 million acquisition in the Haynesville announced on April 19, and will also be funded with a combination of cash on hand and borrowings under its existing credit facility.
PHX Minerals Adds to Growing Haynesville Inventory with Latest Acquisition
The Haynesville has become a key part of PHX Minerals’ strategy as President and CEO Chad Stephens describes as the “front door of U.S. LNG export terminals” that will prove to be a vital source in alleviating the energy crisis in Europe.
PHX Minerals Continues to Tack On Scoop Acreage Following Asset Sales
The recent working interest divestitures and royalty acquisitions are expected to have a neutral effect on overall production during 2022, says PHX Minerals in a company release.
PHX Minerals Adds onto SCOOP Position, Sells Fayetteville Package
The transactions are an important step in the execution of PHX Minerals’ corporate strategy to transform into a pure play mineral and royalty company launched almost two years ago, says CEO Chad Stephens.
PHX Minerals Adds to Haynesville Position with Multiple Acquisitions
PHX Minerals agreed to acquire certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play through two separate transactions.