PANHANDLE OIL AND GAS INC. (NYSE:PHX) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01Enter Into A Material Definitive Agreement

Effective July 2, 2018, Panhandle Oil and Gas Inc. (the “Company”) has amended its bank credit facility with Bank of Oklahoma (who also is the administrative agent), MidFirst Bank, BancFirst and Amarillo National Bank. The Company’s borrowing base remains at $80,000,000.The new amendment addresses language related to hedging relationships with other counterparties and adds additional flexibility in regards to restricted payments.

ITEM 9.01 Financial Statements and Exhibits

(d)Exhibits

Exhibit

NumberDescription

PANHANDLE OIL & GAS INC Exhibit
EX-99.1 2 phx-ex991_6.htm EX-99.1 phx-ex991_6.htm EXHIBIT 99.1 FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT THIS FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT is made effective as of July 2,…
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About PANHANDLE OIL AND GAS INC. (NYSE:PHX)

Panhandle Oil and Gas Inc. is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states. The Company’s oil, natural gas liquids (NGLs) and natural gas production is primarily from wells located in Arkansas, Oklahoma and Texas. As of September 30, 2015, the Company’s principal properties consisted of perpetual ownership of 255,411 net mineral acres, held principally in Arkansas, New Mexico, North Dakota, Oklahoma, Texas and six other states; leases on 19,575 net acres primarily in Oklahoma, and working interests, royalty interests, or both, in 6,195 producing oil and natural gas wells, and 65 wells in the process of being drilled or completed.