Panhandle Oil and Gas Inc. Overview COMPANY DESCRIPTION Mineral ownership based oil and gas exploration and production Founded in 1926 as a Cooperative Royalty Association Went public in 1979 as a C-corporation Market Cap - 375…
Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS The Companys foundation is 255,000 net acres of perpetually-owned mineral rights 56,845 net mineral acres are producing 14,227 net mineral acres are leased 183,928…
Panhandle Oil and Gas Inc. Overview COMPANY OBJECTIVE Grow long term share price by investing in high rate of return drilling on company minerals and leasehold, and the acquisition of additional mineral and leasehold rights Return a…
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…
3P Undeveloped Reserves Per Debt Adjusted Share 40.0 35.0 30.0 25.0 Mcfe/Share 30.38 20.0 26.36 24.96 22.37 20.82 15.0 10.0 5.0 0.0 2012 2013 2014 2015 2016 Debt Adjusted Shares are Based on Fiscal…
Panhandle Oil and Gas Inc. Overview COMPANY RESERVES Mid-year 2017 proven reserves 140.4 Bcfe, 93.9 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 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 4,000…
Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS Bakken Shale STACK/Cana SCOOP Granite Wash Fayetteville Shale Permian Basin Southeast OK Woodford Shale Permian Basin Eagle Ford Shale Oil Window…
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 13 NYSE:PHX
STACK, CANA and SCOOP Plays Stack Extension Cana/Stack SCOOP Extension SCOOP PHX Mineral Holdings 14 NYSE:PHX
STACK, CANA and SCOOP Plays PHX Operations PHX wells primarily operated by Devon, Cimarex, Continental, Newfield and XTO Current production 3.3 Mmcfe per day from 245 producing wells Net Mineral Acreage Stack/Cana & Stack Extension…
Southeastern Oklahoma Woodford Shale PHX Mineral Holdings Play Outline 16 NYSE:PHX
Southeastern Oklahoma Woodford Shale PHX Operations PHX wells primarily operated by Newfield, BP and XTO Current production 9.9 Mmcfe per day from 275 producing wells (includes new BP wells) Net Mineral Acreage SE OK Woodford &…
Eagle Ford Locator Map PHX 18 NYSE:PHX
PHX Eagle Ford Shale Leasehold Acreage and Active Wells PHX Leasehold Acreage 19 NYSE:PHX
Eagle Ford Shale PHX Operations Current net production 535 Boe per day from 73 producing wells Average W.I. 14.6%, Average NRI 10.9% in 104 undeveloped locations Current Operations One DUC well was completed in July 2016 Well was…
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 24 NYSE:PHX
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 Hedge Position as of 5/1/17 Swap Collar Average Collar Average Period Product Volume Mcf/Bbl Price Floor Price Ceiling Price 2017 Natural Gas 1,980,000 2.93 3.48 2017 Natural Gas…
Financial Highlights Six Month Ended March 31 2017 2016 Oil, NGL and natural gas sales 17,790,120 15,191,474 Lease bonus 3,172,161 2,907,057 Total revenue 21,013,082 19,049,216 Net income (loss) 1,232,041 (10,237,279) Earnings per…
Financial Highlights 2017 Second Fiscal Quarter End Condensed Balance Sheet March 31, 2017 Current assets 6,916,305 Net property and equipment 192,599,309 Other 169,473 Total assets 199,685,087 Current liabilities 6,860,322…
Key Investment Attributes Foundation of perpetual mineral ownership PHX generates revenue whether we participate with a Working Interest, or take a Lease Bonus and a Royalty Interest Ownership in multiple premier resource plays…
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Arkansas Fayetteville Shale PHX wells primarily operated by Southwestern Energy Current production 7.0 Mmcfe per day from 1,382 producing wells Net Mineral acreage 10,187 total acres in 325 sections 5,361 acres unleased (W.I.…
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 198,365 mineral 5.00 40 acres not currently producing available…
Mid-Year 2017 Reserves & 2017 Second Quarter Production & Revenue by Product Gas NGL Oil 120 100 17% 24% 26% 80 33% 36% 9% 43% 9% 60 7% 40 74% 67% 57% 20 0 Mid-Year Second Quarter Second Quarter 2017 2017…
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