One-Page Deal Sheet
PHX Minerals Sells Fayetteville Wellbore Working Interest
Not Disclosed PHX Minerals Inc.
Announced Date
November 01,2021
Close Date
November 01,2021
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
2
Asset/Basin:
["Fayetteville Shale"]
TargetZones:
["Fayetteville Shale
Transaction Details: Subscribe to see
PHX Minerals Inc. has sold a package of 499 non-operated legacy working interest wellbores located in the Fayetteville Shale of Arkansas to an undisclosed buyer for $2.125 million.
The buyer will also assume an asset retirement obligation in the amount of approximately $173,000 from the Company. PHX retains all mineral rights underlying the divested working interest wellbores and will continue to receive royalties where applicable.
Chad Stephens, President and CEO, said, "These transactions are an important step in the execution of our corporate strategy that we embarked on almost two years…
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