PanHandle Oil & Gas (PHX): Proven Operating Strategies Positioning the Company

Destiny A. Lopez  |

PanHandle Oil & Gas (PHX), an oil and gas company, continues to have its eye on its main focus: produce shareholder value. Headquartered in Oklahoma City, Oklahoma, PanHandle Oil & Gas is dedicated to acquiring, managing and developing of oil and natural gas properties. With mineral and leasehold properties located in a number of states, including Arkansas, New Mexico, North Dakota, Oklahoma, and Texas, the company produces and sells the following:

  • Natural gas
  • Crude oil
  • Natural gas liquids

Founded in 1926, PanHandle Oil & Gas is under the leadership of President and CEO, Michael C. Coffman. Coming a long way from its early days known as Panhandle Cooperative Royalty Company, the company, according to its official website, currently 255,300 fee mineral acres and a working interest and/or a royalty interest in over 6,100 wells. Sixty-five wells are in the process of being drilled or completed.

Ranked in the top 10 of the 100 largest public domestic O&G companies in terms of all-source finding and development cost, PanHandle Oil & Gas operates a business model that, according to its official website, offers its investors the following:

  • Materially lowering the company’s drilling risk via significant activity in shale plays.
  • Leveraging large independents technology that optimizes development and the value of acreage.
  • Mitigating commodity price risk through hedging.
  • Growth financed through operating cash flow generation and low cost bank debt financing.

However, seen as a true test of a company’s operational and financial strengths, PanHandle Oil & Gas has come through uncertain times within its sector. "2016 continues to shape up as one of, if not the most difficult years the energy industry has ever seen. Panhandle is experiencing many of the issues other companies have faced. We have been patient through this downturn, continuing to follow our proven operating strategies, which has positioned the Company to prosper as the industry begins a recovery," said Coffman.

PanHandle Oil & Gas, like many other companies across a variety of sectors, are making the rounds during the Fall conference season. Coming up, the company is scheduled to participate in the highly anticipated Sidoti Emerging Growth Convention.

Follow this company at the Sidoti Emerging Growth Convention

November 1st, 2016

Marriott Marquis in Times Square

New York, NY

Click here for more info

For details regarding participation or sponsorship opportunities please contact the good people at Sidoti 212-453-7031

To learn more about PanHandle Oil & Gas, visit

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
PHX Panhandle Oil and Gas Inc 13.10 -0.15 -1.13 45,026 Trade



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