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.

Hart Energy Staff

PHX Minerals Inc. continues to grow its Haynesville footprint with the announcement on April 25 of another mineral and royalty acquisition targeting the play in Louisiana.

The acquisition is in addition to PHX’s $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.

“The company continues to expand its presence in the Haynesville while preserving the strength of our balance sheet,” PHX Minerals said in an April 25 company release.

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