Vmbook Online ordering

Independent Oil Gas

Panhandle Oil and Gas Inc. is a public oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas in the United States. The company's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "PHX".

Regarding the company's earnings, for the full year 2020, Panhandle Oil and Gas reported a net loss of $33.3 million, or $2.54 per diluted share, compared to a net loss of $22.5 million, or $1.70 per diluted share, for the full year 2019. The company's revenue for 2020 was $34.1 million, down from $51.0 million for the previous year.

As for growth, it is important to note that the company's financial performance is significantly affected by the broader market conditions for oil and gas, which have been challenging in recent years due to oversupply and low prices. However, Panhandle Oil and Gas has been taking steps to adjust to the current market conditions, such as reducing its capital expenditures and focusing on its most profitable assets.

In terms of its operations, Panhandle Oil and Gas has a diversified portfolio of oil and natural gas properties, with a concentration in the Mid-Continent region of the United States. The company's reserves at the end of 2020 were estimated to be 53.8 million barrels of oil equivalent, with a proved developed reserves ratio of 57%.

While the financial performance of Panhandle Oil and Gas may be affected by macroeconomic factors outside of its control, the company remains committed to creating value for its shareholders through a disciplined approach to capital allocation and a focus on operational excellence.