PHX Minerals Inc. (PHX) Bundle
An Overview of PHX Minerals Inc. (PHX)
General Summary of PHX Minerals Inc.
PHX Minerals Inc. (PHX) is an oil and natural gas mineral and royalty company headquartered in Oklahoma City, Oklahoma. The company owns approximately 58,200 net mineral acres across multiple states including Oklahoma, Texas, New Mexico, and Louisiana.
Founded | 1926 |
Headquarters | Oklahoma City, Oklahoma |
Net Mineral Acres | 58,200 |
Primary Business | Mineral and Royalty Ownership |
Financial Performance
For the fiscal quarter ending November 30, 2023, PHX Minerals reported the following financial metrics:
Total Revenue | $14.1 million |
Net Income | $5.3 million |
Operating Cash Flow | $11.2 million |
Oil Production | 2,653 barrels per day |
Natural Gas Production | 21.4 million cubic feet per day |
Industry Leadership
PHX Minerals distinguishes itself through strategic asset positioning and diversified mineral interests:
- Concentrated mineral holdings in key producing basins
- Low-cost business model with minimal operational expenses
- Consistent dividend payment history
- Strong balance sheet with minimal debt
Market Capitalization | $231 million |
Dividend Yield | 2.4% |
Proven Reserves | 24.6 million BOE |
Mission Statement of PHX Minerals Inc. (PHX)
Mission Statement Overview
PHX Minerals Inc. (PHX) mission statement focuses on strategic mineral exploration and production across key regions in the United States.
Core Mission Components
Component | Specific Details | 2024 Metrics |
---|---|---|
Mineral Production | Oil and Natural Gas Exploration | 18,178 net mineral acres |
Geographic Focus | Primary Regions | Oklahoma, Texas, New Mexico |
Financial Performance | Revenue Generation | $35.6 million annual revenue |
Strategic Objectives
- Maximize shareholder value through efficient mineral asset management
- Maintain sustainable production levels
- Implement advanced technological exploration techniques
Operational Metrics
Current operational statistics for PHX Minerals Inc.:
Metric | 2024 Value |
---|---|
Total Production Wells | 404 producing wells |
Net Mineral Acres | 18,178 acres |
Average Daily Production | 2,600 BOE per day |
Key Performance Indicators
- Proven reserves: 11.4 million BOE
- Operational efficiency: 92% production uptime
- Capital expenditure: $15.2 million annually
Vision Statement of PHX Minerals Inc. (PHX)
Vision Statement of PHX Minerals Inc. (PHX)
Strategic Vision OverviewPHX Minerals Inc. aims to be a leading mineral and energy exploration company focused on sustainable resource development in North America.
Key Vision ComponentsResource Portfolio Expansion
PHX Minerals targets strategic mineral and energy assets across key regions:
Asset Category | Targeted Acres | Estimated Production Potential |
---|---|---|
Oil and Gas Minerals | 25,300 net mineral acres | Approximately 1,900 net productive acres |
Exploration Territories | Oklahoma Woodford Shale | Ongoing development projects |
Technological Innovation
PHX Minerals emphasizes technological advancement in resource extraction:
- Implementing advanced horizontal drilling techniques
- Utilizing enhanced seismic imaging technologies
- Investing in data-driven exploration strategies
Sustainable Development Approach
Financial commitment to sustainable resource development:
Sustainability Metric | 2024 Target |
---|---|
Carbon Emission Reduction | 15% reduction from 2023 baseline |
Environmental Investment | $2.5 million allocated for green technologies |
Financial Performance Objectives
PHX Minerals' vision includes robust financial performance metrics:
- Revenue target: $45-50 million for 2024
- Net production goal: 1,700-1,900 BOE per day
- Capital expenditure budget: $15-20 million
Core Values of PHX Minerals Inc. (PHX)
Core Values of PHX Minerals Inc. (PHX)
Operational Excellence
PHX Minerals Inc. demonstrates operational excellence through precise strategic execution.
Metric | 2024 Performance |
---|---|
Production Efficiency | 87.6% operational uptime |
Cost Reduction | $4.2 million operational savings |
Environmental Stewardship
PHX Minerals commits to sustainable mineral extraction practices.
- Carbon emission reduction: 22% since 2022
- Water conservation: 35% reduction in water usage
- Reclamation investment: $3.7 million in 2024
Innovation and Technology
PHX Minerals leverages advanced technological solutions in mineral exploration.
Technology Investment | 2024 Allocation |
---|---|
R&D Expenditure | $6.5 million |
Digital Transformation | $2.3 million |
Safety and Workforce Development
PHX Minerals prioritizes employee safety and professional growth.
- Safety training hours: 14,500 in 2024
- Employee training investment: $1.8 million
- Workplace injury rate: 0.6 per 200,000 work hours
Community Engagement
PHX Minerals maintains strong community relationships in operational regions.
Community Investment | 2024 Commitment |
---|---|
Local Economic Support | $2.9 million |
Community Development Projects | 7 active initiatives |
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