Panhandle Oil and Gas Inc. presented at EnerCom’s The Oil & Gas Conference®
During Panhandle’s breakout session, management was asked the following questions:
- What’s the discipline with respect to reduction of debt?
- What was the maximum you reached on your debt?
- What is your average decline rate?
- In the last six months, what percentage of proposed projects have you chosen to invest in?
- How much notification do you get for participating in wells?
- Can you comment on the market for mineral interests currently?
- How do you source your potential investment deals?
- Do you use strip pricing or an internal price forecast in your evaluations? Which strip, gas or oil, do you feel more confidence in?
- What percentage of your volume do you hedge in a given year?
- How large is your evaluation staff?
You can listen to Panhandle’s presentation by clicking here.
For the company’s third quarter and nine months 2016 results, click here.
Panhandle Oil and Gas Inc. (ticker: PHX) is a company engaged in the exploration for and production of natural gas and oil. The company does not operate any of its oil and gas properties. Exploration on and development of the company’s oil and gas properties are conducted in association with operating oil and gas companies, primarily large independent companies. The company is not and has never been a royalty trust or partnership entity.
The company’s holdings, including its mineral acreage and its interests in producing wells, both working interests and royalty interests, are centered in Arkansas, Oklahoma and Texas. The company has also been active in the Eagle Ford shale in South Texas, on held by production leasehold.
The company’s activity in these projects began in 2007 and is expected to continue for many years as it has more than 4,600 gross potential drilling locations in these plays. The company’s proved reserves at September 30, 2015 were 180 Bcfe, with 67% being natural gas, 23% oil and 10% natural gas liquids.
The company has been an active working interest participant for many years in wells drilled on the company’s mineral acreage and has been active in unconventional resource projects on its mineral acreage in several Oklahoma Woodford shale plays, the Arkansas Fayetteville shale and the Anadarko Cana Woodford, Meramec and Springer shales.
