PHX Minerals Adds to Growing Haynesville Inventory with Latest Acquisition

PHX Minerals Inc. agreed on April 19 to an acquisition targeting the Haynesville play in East Texas and Louisiana, where the company sees an opportunity to build on its growing inventory of natural gas assets. 

“Since January 2020, when I was appointed CEO, we have been pursuing the acquisition of minerals in the Haynesville underneath active reputable operators,” Chad Stephens, president and CEO of PHX Minerals, commented in a company release.

Based in Oklahoma City, PHX currently owns approximately 251,000 net mineral acres principally located in Oklahoma, Texas, Louisiana, North Dakota  and Arkansas. The company, formerly Panhandle Oil and Gas, is targeting to proactively grow its mineral position in core areas of focus as part of the strategy to high-grade the PHX asset base.