PHX Minerals Inc. Overview
Pro stress-test →PHX Minerals Inc. operates as a natural gas and oil mineral company in the United States, producing and selling natural gas, crude oil, and natural gas liquids. The company has employed a plan to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company was acquired by WhiteHawk Energy on June 23, 2025.
Strategic Profile
Pro stress-test →PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, Texas, North Dakota, New Mexico and Arkansas. Revenues are derived from royalties granted from the production and sale of natural gas, oil and NGL, and the remaining portion from production and sale on its working interests. The minerals-focused business model emphasizes NAV-accretive growth with reduced drilling participation risk.
Competitive Landscape
Pro stress-test →PHX competes in the oil and gas mineral royalty space with companies like Amplify Energy, Battalion Oil, EXCO Resources, Venado Oil & Gas, and Samson Resources II. The company differentiates through substantial holdings in core producing basins and a pure-play minerals model with minimal operating obligations. Post-acquisition integration under WhiteHawk Energy may enhance competitive positioning in the Haynesville and Midcontinent regions.
Industry Context
PHX Minerals Inc. operates in Oil and gas mineral royalties.
Key facts
Founded: 1926 · Headquarters: Oklahoma City, US · Revenue: $32.57M (2024)