Panhandle Oil and Gas Inc. Presents at 2015 Sidoti Emerging Growth Conference, Sep-02-2015 01:30 PM
Aug 21 15
Panhandle Oil and Gas Inc. Presents at 2015 Sidoti Emerging Growth Conference, Sep-02-2015 01:30 PM. Venue: Marriott Marquis in Times Square, New York, New York, United States. Speakers: Michael C. Coffman, Chief Executive Officer, President and Director, Paul F. Blanchard, Chief Operating Officer and Senior Vice President.
Panhandle Oil and Gas Inc. Announces Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended June 30, 2015
Aug 6 15
Panhandle Oil and Gas Inc. announced unaudited earnings and operating results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported revenue of $11,748,888 compared to $18,374,977 a year ago. Loss before benefit for income taxes was $496,946 compared to income before provision for income taxes of $7,627,585 a year ago. Net loss was $728,946, or $0.04 per basic and diluted share compared to net income of $5,122,585, or $0.31 per basic and diluted share, for the 2014 third quarter.
For the nine months, the company reported revenue of $57,427,092 compared to $56,523,778 a year ago. Income before provision for income taxes was $15,006,022 compared to $23,237,476 a year ago. Net income was $10,209,022, or $0.61 per basic and diluted share compared to net income of $15,703,476, or $0.94 per basic and diluted share, for the 2014 third quarter. Net cash provided by operating activities was $37,347,802 compared to $36,438,536 a year ago. Capital expenditures, including dry hole costs was $23,613,349 compared to $26,693,851 a year ago.
For the quarter, oil production increased 56% to 109,738 barrels, versus 70,479 barrels in the 2014 quarter while gas production of 2,407,049 Mcf for the 2015 quarter decreased 4% compared to the 2014 quarter.
For the nine months, oil production increased 55% to 340,888 barrels from 220,131 barrels in the 2014 nine months while gas production decreased 599,079 Mcf compared to the 2014 nine months. The Eagle Ford acquisition made in June 2014 continues to be the basis for 2015 increased oil production; while normal decline in production and significantly decreased dry natural gas drilling are responsible for the gas production decline.
Panhandle Oil and Gas Mulls Acquisitions
Aug 6 15
Panhandle Oil and Gas Inc. (NYSE:PHX) is seeking acquisitions. Michael C. Coffman, President and Chief Executive Officer of Panhandle Oil and Gas, said, “We will continue to focus on the longer-term outlook and are in the enviable position of being able to deploy drilling capital only when and where we can expect to earn a reasonable rate of return, as we have no need to drill to hold acreage.Â The Company continues to maintain the flexibility to be opportunistic in acquiring assets that would be accretive to shareholder value.”
Panhandle Oil and Gas Inc. Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-26-2015 01:50 PM
Aug 1 15
Panhandle Oil and Gas Inc. Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-26-2015 01:50 PM. Venue: Hard Rock Hotel, 230 N. Michigan Ave., Chicago, IL 60601, United States.
Panhandle Oil and Gas Inc. Declares Quarterly Dividend Payable on Sept. 3, 2015
Jul 28 15
Panhandle Oil and Gas Inc. announced that its Board of Directors, at its July 22, 2015, meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on Sept. 3, 2015, to shareholders of record on Aug. 20, 2015.