PHX Minerals

PHX Minerals, Inc. engages in the acquisition, management, and development of non-operated oil and natural gas properties, including wells located on the firm's mineral and leasehold acreage. The company is headquartered in Fort Worth, Texas and currently employs 18 full-time employees. Its business strategy is growth through mineral acquisitions in its core areas of focus in the SCOOP play in the Ardmore basin in Oklahoma and the Haynesville Shale play of East Texas and Western Louisiana and development of its significant mineral acreage inventory. The company also owns interests in leasehold acreage and non-operated working interests in natural gas and oil properties. Exploration and development of its natural gas and oil properties is conducted by third-party natural gas and oil exploration and production companies (primarily larger independent operating companies). The company does not operate any of its natural gas and oil properties. The company owns around 75,000 leased mineral acres principally located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company also owns working interests, royalty interests or both in 6,958 producing natural gas and oil wells and 150 wells in the process of being drilled or completed.