PHX Minerals will draw on existing facility for acquisitions

Chicago, Aug. 24 – PHX Minerals Inc. will use cash and an existing credit facility to acquire mineral and royalty positions in the Haynesville play in Louisiana and the Scoop play in Oklahoma from five separate sellers for $13.6 million, according to a press release.

The acquisitions are expected to close in mid-September.

The natural gas and oil mineral company is based in Fort Worth.

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