Major Shareholder Pressures PHX for Transparency re Merge Offers

WhiteHawk Energy, headquartered in Philadelphia, with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, proposed marriage to PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located in the SCOOP and Haynesville plays. PHX rebuffed the proposal (see PHX Minerals Says WhiteHawk Marriage Proposal “Grossly Inadequate”). A second company, a major shareholder in PHX that owns 4% of the company's stock, is now also pressuring PHX.

---

To view this content, log into your member account. (Not a member? Join Today!)