(By Oil & Gas 360) – Oil and gas investing is often associated with drilling rigs, production growth, and volatile commodity prices. Yet one of the industry’s most resilient business models operates largely behind the scenes. Royalty and mineral companies own the rights to the resources beneath the ground, not the wells that produce them. Instead of funding drilling programs,
By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,
Panhandle Oil and Gas Inc. (ticker: PHX) reported financial and operating results for the company’s fiscal first quarter ended December 31, 2017. For the 2018 first quarter, the company recorded net income of $13,784,939, or $0.81 per diluted share. This compared to a net loss of $2,238,392, or ($0.13) per diluted share, for the 2017 first quarter. The 2018 first
Panhandle Oil and Gas Inc. (ticker: PHX) is headquartered in Oklahoma City, Oklahoma. Panhandle has 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. As
