Panhandle Oil and Gas Inc. Overview COMPANY DESCRIPTION Engaged in oil and gas exploration and production Founded in 1926 as a Cooperative Royalty Association Went public in 1979 as a C-corporation Market Cap - 370 million (as of…
Panhandle Oil and Gas Inc. Overview COMPANY OPERATIONS The Company owns interest in 6,200 gross producing wells 2,200 wells working interest; the majority also have royalty interest associated with our mineral acreage ownership…
Panhandle Oil and Gas Inc. Overview COMPANY RESERVES Year-end 2016 proven reserves 124 Bcfe, 81.4 Bcfe (67%) proven developed 4,800+ gross 3-P (proven, probable and possible) undeveloped locations, primarily in cores of resource…
Panhandle Oil and Gas Inc. Overview COMPANY STRATEGY Our investment philosophy is based on generating reasonable returns for our shareholders in relatively low risk investments Participate with a working interest in wells that we…
Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS The Companys foundation is 255,000 net acres of perpetually-owned mineral rights 56,500 net mineral acres are producing 13,300 net mineral acres are leased 185,200…
Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS Significant Mineral Acreage Holdings 120 Net Acres (Thousands) 100 80 NYSE:PHX 60 40 20 0 OK NM TX ND AR Leasehold 8 NobleCon13 Investor Conference,…
Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS Material mineral and/or leasehold positions in several top resource plays including: STACK/CANA/SCOOP, southeastern Oklahoma (Arkoma) Woodford Shale Eagle Ford Shale…
STACK, CANA and SCOOP Plays Devon, Continental, Newfield, Marathon Stack Meramec/ Woodford Devon, Cimarex, Continental Cana Woodford Continental, Newfield, Marathon, XTO SCOOP Woodford/Springer PHX Mineral Holdings…
STACK, CANA and SCOOP Plays PHX Operations Diverse mineral and leasehold ownership across several plays PHX wells primarily operated by Devon, Cimarex, Continental, Newfield and XTO Current production 3.9 Mmcfe per day YE 2016…
Southeastern Oklahoma Woodford Shale PHX Mineral Holdings Newfield, BP, XTO Play Outline 12 NYSE:PHX NobleCon13 Investor Conference, Boca Raton, FL January 30, 2017
Southeastern Oklahoma Woodford Shale PHX Operations Diverse mineral and leasehold ownership across the play PHX wells primarily operated by Newfield, BP and XTO Current production 3.1 Mmcfe per day YE 2016 Reserves Proved 25.8 Bcfe…
Eagle Ford Locator Map PHX 14 NYSE:PHX NobleCon13 Investor Conference, Boca Raton, FL January 30, 2017
PHX Eagle Ford Shale Leasehold Acreage and Active Wells PHX Leasehold Acreage 15 NYSE:PHX NobleCon13 Investor Conference, Boca Raton, FL January 30, 2017
Eagle Ford Shale PHX Operations Current net production 349 Boe per day from 71 producing wells YE 2016 Reserves Proved 32.6 Bcfe (26.3% of total reserves) 4,255 Mbo (79% Crude Oil) 615 MbNGL (11% NGL) 3.3 Bcf (10% Natural Gas) 106…
Permian Basin Andrews & Winkler Counties Woodford Shale Project Panhandle leased out 2,440 contiguous net mineral acres on the Central Basin Uplift in Andrews and Winkler Counties, Texas The lease covers a 43.6 square mile area…
Permian Basin Cochran Co. San Andres Project 19 NYSE:PHX NobleCon13 Investor Conference, Boca Raton, FL January 30, 2017
Permian Basin Cochran Co. San Andres Project Panhandle leased out 4,050 contiguous net mineral acres to Element Petroleum on the northwest shelf of the Midland Basin in Cochran Co. Texas The lease covers a 34.5 square mile area The…
Panhandle Oil and Gas Inc. Risk Management OPERATIONAL RISK Mineral ownership is perpetual, no drilling required to hold land assets Operators are generally large independents who are major resource play developers PHX leverages the…
Panhandle Oil and Gas Inc. Risk Management CURRENT HEDGE POSITION Swap Collar Average Collar Average Period Product Volume Mcf/Bbl Price Floor Price Ceiling Price 2017 Natural Gas 3,740,000 2.87 3.49 2017 Natural Gas 2,135,000…
THE MINERAL ACREAGE ADVANTAGE Economic Impact of Working Interest Participation on Mineral Acres Example: Finding Cost, /Mcfe Rate of Return, % (BTAX) STACK/CANA Woodford Shale Well 1.6 50 44% 45 1.4 W.I. NRI ASSUMPTIONS: 40 1.2…
Financial Highlights 2016 Fiscal Year September 30th Fiscal Year End 2016 2015 Oil, NGL and natural gas sales 31,411,353 54,533,914 Lease bonus 7,735,785 2,010,395 Total revenue 39,063,183 70,882,093 Net income (loss) (10,286,884)…
Financial Highlights 2016 Fiscal Year End CONDENSED BALANCE SHEET SEPTEMBER 30, 2016 Current assets 6,572,253 Net property and equipment 191,405,651 Other 157,322 Total assets 198,135,226 Current liabilities 4,498,452…
PHX Stock Price History 30 Net of Dividends 25 20 15 10 5 0 12.31.2007 12.31.2008 12.31.2009 12.31.2010 12.31.2011 12.31.2012 12.31.2013 12.31.2014 12.31.2015 12.31.2016 26 NYSE:PHX NobleCon13 Investor…
Long Term Growth Strategy PANHANDLES PRIMARY GOAL IS THE CREATION OF SHAREHOLDER VALUE OVER THE LONG TERM Wisely invest in wells drilled on our mineral and leasehold acreage Acquire additional assets that are accretive to share…
Arkansas Fayetteville Shale Diverse mineral and/or leasehold ownership across the play PHX wells primarily operated by Southwestern Energy Current production 8.0 Mmcfe per day YE 2016 Reserves Proved 25.5 Bcfe (21% of total)…
Royalty Production and Revenue History 50 6.00 Royalty Volume Bcfe Royalty Revenue Million 5.50 45 PHX has over approximately 4,800 identified undeveloped locations and 199,000 5.00 40 mineral acres not currently producing available…
Year-End 2016 Reserves and 2016 Fiscal Year Production and Revenue by Product Gas NGL Oil 120 100 19% 26% 28% 80 34% 43% 9% 50% 8% 60 7% 40 72% 66% 50% 20 0 Year-End Fiscal Year 2016 Fiscal Year 2016…
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