PHX Minerals Inc. is using the current natural gas price downturn to expand its mineral and royalty positions in the Haynesville Shale and South Central Oklahoma Oil Province (SCOOP) plays, management said Thursday.

The Fort Worth, TX-based independent agreed to acquire about 988 net royalty acres in the Haynesville and SCOOP from five separate sellers for a total of $13.6 million.

The acreage, of which about 86% targets the Haynesville, is expected to produce 1.2-1.4 Bcfe (99% natural gas) over the next year.

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“These acquisitions demonstrate our team’s ability to source and execute on accretive transactions targeting our core areas in...