Panhandle Oil and Gas Inc. engages in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on the company’s mineral and leasehold acreage. The company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states. The company’s principal products are natural gas, crude oil and natural gas liquid. These products are sold to various purchasers, including pipeline and marketing companies, which service the areas where the company’s producing wells are located. As of September 30, 2015, the company’s principal properties consisted of perpetual ownership of 255,411 net mineral acres, held principally in Arkansas, New Mexico, North Dakota, Oklahoma, Texas and 6 other states; leases on 19,575 net acres primarily in Oklahoma; and working interests, royalty interests, or both, in 6,195 producing oil and natural gas wells and 65 wells in the process of being drilled or completed. As of September 30, 2015, the company owned 429,911 gross developed mineral acres and 56,430 net developed mineral acres. The company has also leased from others 147,548 gross developed acres containing 19,456 net developed acres. Strategy The company’s business strategy is to use its mineral and leasehold acreage ownership, coupled with its own geologic and economic evaluations, either to elect to participate in drilling operations with these companies or to lease or farmout its mineral or leasehold acreage while retaining a royalty interest. History The company was founded in 1926. It was formerly known as Panhandle Cooperative Royalty Company and changed its name to Panhandle Oil and Gas Inc. in 2007.
panhandle oil and gas inc-a
5400 North Grand Boulevard
Oklahoma City, OK 73112
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for PHX.|
|View Industry Companies|
Sponsored Financial Commentaries
Only a company representative may request an update for the company profile. Documentation will be required.
To contact PANHANDLE OIL AND GAS INC-A, please visit www.panhandleoilandgas.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.