FORT
WORTH, Texas, Nov. 14,
2024 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the
"Company" (NYSE: PHX): The Board of Directors of PHX responds to
the WhiteHawk Energy, LLC ("WhiteHawk") proposal to acquire
PHX.
The PHX Board of Directors appreciates engagement from all
stockholders to enhance stockholder value. We and PHX management
continue to review opportunities that are focused on maximizing
stockholder value. With respect to the WhiteHawk proposal, as we
communicated to WhiteHawk, the Board of Directors of PHX believes
it is in the best interest of the Company's stockholders to decline
this proposal.
About PHX Minerals Inc.
PHX Minerals is a natural gas and oil mineral company with a
strategy to proactively grow its mineral position in its core focus
areas. PHX owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North
Dakota and Arkansas.
Additional information on the Company can be found at
www.phxmin.com.
Investor Contact:
Rob Fink / Stephen Lee
FNK IR
646.809.4048
PHX@fnkir.com
Corporate Contact:
405.948.1560
inquiry@phxmin.com
View original
content:https://www.prnewswire.com/news-releases/phx-minerals-inc-response-to-the-whitehawk-proposal-302304948.html
SOURCE PHX MINERALS INC.
