Panhandle Oil and Gas Breakout Notes
Paul F. Blanchard, Jr., president and CEO of Panhandle Oil and Gas Inc., (ticker: PHX) presented today at EnerCom’s The Oil & Gas Conference® 22.
Panhandle owns approximately 255,000 net acres of perpetually owned mineral rights spread across Arkansas, Oklahoma, and Texas. Panhandle leases its properties to oil and gas operators and does not have the burden of paying to operate productive leases, but instead acts as a royalty interest holder.
During the company’s breakout session, management was asked the following questions:
- Have you heard of any poor performance from operators in the Oklahoma?
- How does the price of oil effect the value of the mineral rights?
- How flexible is the capital budget?
- What is the capital budget for 2018?
- Can you shed more color on the thought process of acquiring mineral rights?
- Can you go into detail about the differences between selling the mineral rights and developing the field with a partner?
- How will midstream operations move forward?
- What are the target depths and range of GOR?
- What are the company’s thoughts moving north east in the stack?
- Do you have a hurdle rate for the investments?
Panhandle presented at EnerCom’s 2017 The Oil & Gas Conference®.
You can listen to the company’s presentation by clicking here.
You can view the company’s most recent update by clicking here.
