PHX Minerals Inc. reported production results for the first quarter ended March 31, 2024. For the quarter, the company reported Royalty production volumes decreased 5% to 1,857 Mmcfe compared to the quarter ended Dec. 31, 2023.

Total production volumes decreased 6% to 2,117 Mmcfe compared to the quarter ended Dec. 31, 2023. During the quarter ended March 31, 2024, the Company converted 85 gross (0.32 net) wells to producing status, including 29 gross (0.10 net) wells in the Haynesville and 27 gross (0.13 net) wells in the SCOOP, compared to 117 gross (0.46 net) wells in the quarter ended March 31, 2023.