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Share this article Share this article OKLAHOMA CITY, Feb. 8, 2021 /PRNewswire/ PHX MINERALS INC., PHX or the Company, (NYSE: PHX), today reported financial and operating results for the first quarter ended Dec. 31, 2020. SUMMARY OF RESULTS FOR THE PERIOD ENDED DEC. 31, 2020, AND SUBSEQUENT EVENTS Production volumes for the first fiscal quarter of 2021 were 2,074 Mmcfe, up from 2,038 Mmcfe in the fourth fiscal quarter of 2020 and down from 2,278 Mmcfe in the first fiscal quarter of 2020. Net loss in the first fiscal quarter of 2021 was $0.6 million, or $0.03 per share, as compared to net income of $1.9 million, or $0.11 per share, in the first fiscal quarter of 2020. ....
Tailwater Capital Announces Acquisition of Tall Oak Midstream II and III Tailwater Energy Fund III to Acquire Tall Oak Midstream III, Retain Tall Oak Name Tailwater Energy Fund IV to Separately Acquire Tall Oak Midstream II Tall Oak Management to Lead Both Companies News provided by Share this article Share this article DALLAS and OKLAHOMA CITY, Jan. 27, 2021 /PRNewswire/ Tailwater Capital LLC ( Tailwater or the Firm ), a private equity firm based in Dallas, today announced that it has signed definitive agreements to acquire Tall Oak Midstream II ( Tall Oak II ) and Tall Oak Midstream III ( Tall Oak III ) from EnCap Flatrock Midstream. Financial terms were not disclosed. ....
Share this article Share this article OKLAHOMA CITY, Dec. 10, 2020 /PRNewswire/ PHX MINERALS INC., PHX or the Company, (NYSE: PHX), today reported financial and operating results for the fourth quarter and fiscal year ended Sept. 30, 2020. Chad L. Stephens, President and CEO, commented, In many respects, the COVID-19 pandemic impacted the energy industry harder than any other major sector of the U.S. economy in 2020. While natural gas and oil prices have rebounded recently, 2020 saw some of the largest price declines in decades causing producers to quickly shut-in production, slash capital investments and significantly reduce overhead including workforce reductions. Despite the impact of the pandemic, we have made significant progress throughout this year on the strategy we laid out in January to focus solely on minerals, high grade the asset base and maintain a flexible balance sheet. We are pleased to see our sequential quarter financial performance im ....