- CEO
- Chad L. Stephens III
- Full Time Employees
- 18
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Valliance Bank Tower Fort Worth OK United States of America 73118
- IPO Date
- Feb 3, 1992
- Business
- PHX Minerals Inc operates as a natural gas and oil mineral company primarily focused on perpetual ownership of mineral rights and interests in resource plays within the United States. The company owns, manages, and sells natural gas, crude oil, and natural gas liquids derived from mineral acreage primarily located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. Its portfolio includes approximately 240,651 net mineral acres, 13,293 net leased acres, and interests in over 6,700 producing wells and additional wells in development. PHX Minerals sells its energy products mainly to pipeline and marketing companies. Founded in 1926 and headquartered in Fort Worth, Texas, PHX Minerals shifted its business model away from drilling operations toward owning and expanding perpetual mineral rights and royalty interests.
The company completed a significant strategic milestone in June 2025 when it was acquired by WhiteHawk Income Corporation in an all-cash transaction valued at approximately $187 million. This acquisition expanded WhiteHawk’s footprint in premier natural gas mineral and royalty assets, particularly in the Haynesville Shale and the SCOOP/STACK regions. Following the acquisition, WhiteHawk integrated PHX’s mineral interests, which include over 1.8 million gross unit acres with production from thousands of wells, significantly expanding its asset base in major U.S. natural gas basins. Prior to acquisition, PHX had demonstrated strong operational performance with increased royalty production volumes driven by new wells coming online in key plays such as Haynesville and SCOOP, reduced debt, steady cash flow generation, and dividend payments to shareholders. The company continues to focus on mineral asset acquisitions and conversion of undeveloped reserves to producing status to maximize shareholder value.
PHX Minerals’ business segments include mineral ownership, leasehold management, royalty interests, and the marketing of natural gas, oil, and natural gas liquids from its core resource plays in the U.S. Its target markets include energy companies, pipeline operators, and commodities marketers. The company operates with a lean workforce tailored to the management and acquisition of mineral interests, reflecting a strategic emphasis on asset ownership rather than direct exploration or production. PHX Minerals’ operational footprint and assets are predominantly in key U.S. oil and gas basins, positioning it as a specialized mineral holding and royalty company within the oil and gas industry.
Overall, PHX Minerals Inc represents a focused natural gas and oil mineral asset company with an established legacy since 1926, headquartered in Fort Worth, Texas, that recently transitioned ownership to WhiteHawk to further scale its portfolio of mineral assets and royalty interests across major U.S. basins in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. This positions it as a significant player in the oil and gas mineral rights market, emphasizing cash flow generation from royalties and strategic mineral acquisitions.
This description covers PHX Minerals’ main product offerings including minerals, royalties, natural gas, crude oil, and NGLs; its operational focus and strategic shift; recent acquisition by WhiteHawk in 2025; and its geographic, business, and industry context. All information reflects the latest publicly available data as of late 2025.