PHXE Stock Price, News & Analysis

Phoenix Energy One, LLC, doing business as Phoenix Energy (NYSE American: PHXE.P), is an energy company formed in 2019 and focused on oil and gas exploration and production across key U.S. basins. According to company disclosures, its primary operational footprint is in the Williston Basin, which spans North Dakota and Montana. The company has described a three-pronged operating strategy centered on direct drilling, mineral rights royalty acquisition, and non-operated working interests, reflecting multiple ways of participating in oil and gas development and production.

Phoenix Energy is headquartered in Irvine, California, and reports having offices in Denver, Colorado; Dallas, Texas; Fort Lauderdale, Florida; Casper, Wyoming; and the North Dakota communities of Dickinson and Williston. Company materials note that Phoenix Energy employs more than 160 people across these locations, supporting both field operations and corporate functions.

Business focus and operating strategy

The company states that its drilling operations are focused on oil production in the Williston Basin, an established oil-producing region. Phoenix Energy’s three-pronged strategy includes:

• Direct drilling, where the company undertakes and manages drilling activities through its operating subsidiary.
• Royalty acquisition, targeting mineral rights and royalty interests associated with oil and gas production.
• Non-operated working interests, where Phoenix Energy participates in wells operated by other parties.

In its public communications, Phoenix Energy notes that its royalty and working interest acquisitions target mineral, leasehold, overriding, and perpetual royalty interests across major U.S. basins, while its drilling operations are currently concentrated in the Williston Basin.

Corporate structure and listed securities

Phoenix Energy One, LLC is the issuing entity for the Series A Cumulative Redeemable Preferred Shares, which are listed on the NYSE American under the symbol PHXE.P. Company announcements explain that these preferred shares were offered pursuant to Regulation A under the Securities Act of 1933 and that they carry a stated liquidation preference and a fixed annual distribution rate set out in the company’s Third Amended and Restated Limited Liability Company Agreement. The company has highlighted that the preferred shares may appear in different stylized forms (such as PHXE-P, PHXE-PR, or PHXE/P) on various brokerage platforms, but all refer to the same listed preferred security.

According to Phoenix Energy, the terms of the preferred shares, including distribution calculations and rights of holders, are defined in the share designation attached to its limited liability company agreement, which the company has indicated is available through the SEC’s EDGAR system.

Operations and development activity

Public disclosures describe Phoenix Energy’s operations as focused on oil production and development in the Williston Basin. Through its wholly owned subsidiary Phoenix Operating LLC, the company has reported placing numerous wells into service and commencing drilling activities on multiple pads. Company communications have highlighted milestones such as drilling multi-mile horizontal wells from single pads, achieving some of its longest lateral wells to date, and reporting high initial production rates on certain pads in the Williston Basin.

The company has also described efforts to improve drilling speed and cost efficiency, noting examples where wells were drilled in shorter timeframes and where project costs per well came in below internal budgets. These operational details are presented by Phoenix Energy as evidence of its focus on operational performance in its core basin.

Geographic footprint and workforce

Phoenix Energy reports that it is headquartered in Irvine, California, with additional offices in Denver, Dallas, Fort Lauderdale, Casper, Dickinson, and Williston. The company has stated that it employs more than 160 people across these locations, supporting both field operations in oil-producing regions and corporate, financial, and administrative functions.

Financial reporting and SEC filings

As an issuer with securities listed on the NYSE American, Phoenix Energy files periodic and current reports with the U.S. Securities and Exchange Commission. The company has referenced its Form 10-Q filings for quarterly financial and operating results and has used Form 8-K to report material events, including executive transitions and other corporate developments. Phoenix Energy has also discussed the use of non-GAAP financial measures such as EBITDA in its investor communications, explaining that these measures are presented as supplements to GAAP metrics.

The company has indicated that its limited liability company agreement and share designation for the preferred shares are filed with the SEC and available via EDGAR, providing investors with detailed information on the rights and preferences of the preferred security.

Investor communications

Phoenix Energy has announced public earnings calls to discuss quarterly results, including overviews of its oil and gas portfolio and commentary on financial performance and operational milestones. The company has stated that audio replays and presentation materials are made available through its investor information channels, and that its SEC filings, including Form 10-Q, can be accessed via the SEC’s EDGAR database.

Summary

In summary, Phoenix Energy One, LLC (PHXE.P) is an energy company formed in 2019 and focused on oil and gas exploration and production, with a primary operational footprint in the Williston Basin. It pursues a three-part strategy of direct drilling, royalty acquisition, and non-operated working interests, and has listed Series A Cumulative Redeemable Preferred Shares on the NYSE American. The company emphasizes operational performance in its drilling activities and provides financial and operational updates through SEC filings and investor communications.