Panhandle Oil and Gas Inc. today announced the Company's shareholders, at their annual meeting on March 5, 2019, in Oklahoma City, elected one new director to a three-year term and re-elected one incumbent director to an additional three-year term. New director Christopher T. Fraser of Fort Worth, Texas, and incumbent director Robert E. Robotti of New York City were elected to serve three-year terms ending in 2022. In [...]
Panhandle Oil and Gas Inc.. announced today its management will present at EnerCom Dallas on Thursday, Feb. 28, 2019, in Dallas, at the Tower Club Dallas. The Company's presentation is scheduled for 8:30 a.m. . The presentation will be webcast live and may be accessed at the conference website, www.enercomdallas.com or a link to the webcast will be accessible from the Company's home page at www.panhandleoilandgas.com [...]
Panhandle Oil and Gas Inc. today reported financial and operating results for the first quarter ended Dec. 31, 2018. Paul F. Blanchard Jr., President and CEO commented, "The fiscal 2019 first quarter results demonstrate the Company's focus on the execution of the corporate strategy of optimizing its mineral portfolio, maintaining a strong financial position and generating optimal cash flow. The Company generated cash from [...]
Panhandle Oil and Gas announced today that it plans to release results for its fiscal 2019 first quarter ended Dec. 31, 2018, on Thursday, Feb. 7, 2019. Panhandle Oil and Gas Inc. Oklahoma City-based, Panhandle Oil and Gas Inc. is an oil and natural gas mineral and leasehold acreage-focused capital allocator seeking the highest per share returns while maintaining a conservative net leverage ratio to ensure survivability [...]
Panhandle Oil and Gas Inc.. today announces that Ralph D'Amico is joining the company as Vice President – Business Development and Investor Relations effective Jan. 2, 2019. Mr. D'Amico has 20 years of experience in investment banking, the majority focused on the energy sector. Over the course of his career, Mr. D'Amico has been involved in over $5 billion of advisory and capital market transactions as a lead bank [...]
Panhandle Oil and Gas Inc.. announced that its Board of Directors, at its Dec. 11, 2018, meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on March 7, 2019, to shareholders of record on Feb. 19, 2019. Further, the Board of Directors set the date of its annual meeting of shareholders for Tuesday, March 5, 2019. The meeting will be held at The Oklahoma History [...]
Panhandle Oil and Gas today reported financial and operating results for the fourth quarter and fiscal year ended Sept. 30, 2018. Paul F. Blanchard Jr., President and CEO commented, "The fourth quarter and fiscal 2018 results reflect the execution of the Company's corporate strategy of maximizing shareholder value, maintaining a strong financial position and generating optimal cash flow. Panhandle generated $26.9 million [...]
Panhandle Oil and Gas Inc.. today reported that on Nov. 30, 2018, it closed on the divestiture of the mineral acreage and associated royalty production announced in its Nov. 5, 2018, press release. The payment of $9.3 million for the 206 net mineral acres located in Lea and Eddy Counties, N.M., will initially be used to reduce the Company's bank debt. Paul F. Blanchard Jr. commented, "I am very pleased that we closed on [...]
Panhandle Oil and Gas Inc.. announced today that it plans to release results for its fiscal 2018 year ended Sept. 30, 2018, on Tuesday, Dec. 11, 2018. Panhandle Oil and Gas Inc. Oklahoma City-based, Panhandle Oil and Gas Inc. is an oil and natural gas mineral and leasehold acreage-focused capital allocator seeking the highest per share returns while maintaining a conservative net leverage ratio to ensure survivability and [...]
Panhandle Oil and Gas today announced estimated total proved reserve volumes for the Company's fiscal year ended Sept. 30, 2018. Proved Reserves Panhandle's estimated total proved reserves at Sept. 30, 2018, increased 3% to 173.6 Bcfe from 168.6 Bcfe reported for Sept. 30, 2017, based on SEC mandated pricing. SEC prices at the wellhead at Sept. 30, 2018, were $2.56 per Mcf of natural gas, $62.86 per barrel of oil and [...]
Panhandle Oil and Gas Inc.. today reported that it has entered into a definitive agreement to sell 206 net mineral acres and the associated royalty production in Lea and Eddy Counties, N.M., to a private buyer for $9,290,000 cash. The transaction is expected to close by Nov. 30, 2018, and will have an effective date of Nov. 1, 2018. Like the vast majority of Panhandle's mineral acreage, these minerals were purchased by [...]
Panhandle Oil and Gas Inc.. announced today its management will present at the Southwest IDEAS Investor Conference on Thursday, Nov. 15, 2018, in Dallas at the Fairmont Dallas. The Company's presentation is scheduled for 11:20 a.m. . The presentation will be webcast live and a link to the webcast will be accessible from the Company's home page at www.panhandleoilandgas.com. Panhandle Oil and Gas Inc. Oklahoma City-based [...]