Panhandle Oil and Gas, Inc. (NYSE:PHX)

CAPS Rating: 2 out of 5

The Company is involved in the acquisition, management and development of oil and gas properties, including wells located on the Company's mineral acreage.

Recs

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Player Avatar HendrixGal (< 20) Submitted: 5/19/2008 8:29:29 AM : Outperform Start Price: $15.41 PHX Score: -36.10

Full Time Employees:   18

BUSINESS SUMMARY   
Panhandle Oil and Gas, Inc. engages in the acquisition, management, and development of oil and gas properties. Its mineral properties and other oil and gas interests are located in the United States, primarily in Arkansas, Kansas, Oklahoma, New Mexico, and Texas. As of September 30, 2007, the company's proved reserves were approximately 822,824 barrels of oil and 37,005,791 thousand cubic feet of gas. Panhandle also held royalty and/or working interests in 4,306 producing oil or gas wells, as well as in 44 wells that are in the process of being drilled or completed. It sells its crude oil and natural gas to pipeline and marketing companies. The company, formerly known as Panhandle Royalty Company, was founded in 1926 and changed its name to Panhandle Oil and Gas, Inc. in April 2007. Panhandle Oil and Gas, Inc. is based in Oklahoma City, Oklahoma.

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