The acquisition of PHX Minerals Inc. was recently completed by Pennsylvania-based WhiteHawk Income Corporation and WhiteHawk Energy, LLC.
As a result, PHX Minerals, formerly headquartered in Fort Worth, is no longer traded and is being delisted on the New York Stock Exchange. It also means WhiteHawk Energy took control of PHX holdings in Oklahoma’s SCOOP/STACK play, a move that gives the company an interest in more than 10,000 producing wells combined in the Marcellus Shale and Haynesville Shale as well. WhiteHawk Energy also increased its management to nearly 3,100,000 acres in those core operating areas.
The takeover by WhiteHawk came two years after it initially attempted an acquisition but PHX Minerals board members declined the offer at the time. PHX had a mineral position in Oklahoma, Texas, Louisiana, North Dakota and Arkansas.
