PHX - Mergers and acquisitions

WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, "WhiteHawk" or the "Company") announced today that it has completed the acquisition of PHX Minerals Inc. ("PHX") (NYSE:PHX). Following completion of the previously announced tender offer, WhiteHawk completed the acquisition of PHX on June 23, 2025 through a merger pursuant to the Agreement and Plan of Merger, dated as of May 8, 2025, by and among WhiteHawk Merger Sub, Inc. ("Merger Sub"), WhiteHawk Acquisition, Inc. ("Parent") and PHX. In connection with the merger, each share of PHX common stock (other than shares owned by PHX or any subsidiary of PHX, shares owned by Parent, Merger Sub o

FORT WORTH, Texas, Aug. 15, 2023 /PRNewswire/ -- PHX MINERALS INC., "PHX" or the "Company" (NYSE:PHX), today confirmed that its board of directors (the "Board") previously received, thoroughly reviewed and rejected an unsolicited, non-binding proposal from WhiteHawk Income Corporation ("WhiteHawk") to combine with PHX in a stock-for-stock transaction. The Board reiterates that it is open to and regularly evaluates opportunities to enhance stockholder value. Using a consistent process and valuation methodology that PHX has utilized to evaluate over 150 potential acquisitions since 2020, the Board carefully considered WhiteHawk's offer. Following this comprehensive review, the Board unanimousl

OKLAHOMA CITY, Dec. 1, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE:PHX) ("PHX" or the "Company") announced today that it has sold two packages of assets totaling 193 non-operated legacy working interest wellbores located primarily in the Arkoma Shale and Western Anadarko Shale plays of Oklahoma to two undisclosed buyers for a total of approximately $2,500,000. The buyers of the assets will also assume approximately $500,000 of asset retirement obligation from the Company. These working interest divestitures, along with the Fayetteville wellbores PHX sold last month, generated net proceeds of approximately $4,625,000 and represent 692 total gross legacy wellbores divested and approximately $

OKLAHOMA CITY, Nov. 1, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE:PHX) ("PHX" or the "Company") announced today that it has sold a package of 499 non-operated legacy working interest wellbores located in the Fayetteville Shale of Arkansas to an undisclosed buyer for $2,125,000. The buyer will also assume an asset retirement obligation in the amount of approximately $173,000 from the Company. PHX retains all mineral rights underlying the divested working interest wellbores and will continue to receive royalties where applicable. Additionally, PHX completed the acquisition of approximately 220 net royalty acres located primarily in Stephens County, Okla., for $1,216,374 (the "Acquisition"