PHX
- PHX Minerals Inc.
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Overview
Company Summary
PHX Minerals Inc. (PHX) is a company engaged in the acquisition and management of mineral and royalty interests in the United States. They primarily focus on oil and natural gas properties located in prolific basins across the country.
PHX operates as a non-operating mineral interest and royalty company. This means that rather than actively participating in the extraction and production of oil and gas, they acquire interests in existing properties and derive their revenue from the royalties and other payments received from the production activities of these properties.
PHX acquires these mineral and royalty interests through lease agreements, purchases, and in some cases, by participating in lease bonus auctions. They make strategic investments in properties with proven or potential reserve quantities, attractive production profiles, and favorable terms. By acquiring these interests, PHX receives a share of the revenue generated from the production of oil and gas on the properties.
The company's portfolio consists of interests in both developed and undeveloped properties, providing them with a diversified revenue stream. Additionally, PHX continuously evaluates opportunities to expand their portfolio through acquisitions and leasing arrangements.
In summary, PHX Minerals Inc. is a company that focuses on acquiring and managing mineral and royalty interests in oil and natural gas properties. Their revenue is derived from the royalties and other payments received from the production activities on these properties.