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 liquids. These products are sold to various purchasers, including pipeline and marketing companies, which service the areas where the company’s producing wells are located, such as Arkansas, Oklahoma, and Texas. As of September 30, 2014, the company’s principal properties consisted of perpetual ownership of 255,190 net mineral acres, held principally in Arkansas, New Mexico, North Dakota, Oklahoma, Texas, and six other states; leases on 19,645 net acres primarily in Oklahoma; and working interests, royalty interests or both in 6,019 producing oil and natural gas wells, and 95 wells in the process of being drilled or completed. As of September 30, 2014, the company owned 450,283 gross developed mineral acres and 59,141 net developed mineral acres. 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
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