PANHANDLE OIL AND GAS INC. (NYSE:PHX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers

Panhandle Oil and Gas Inc. today announced that Chad L. Stephens III was appointed to the Company’s board of directors. Mr. Stephens is currently the Senior Vice President of Corporate Development at Range Resources Corporation in Ft. Worth, TX. His appointment increases the board’s size to eight members. He currently serves on Range’s internal hedging committee and is responsible for the oversight of all gas, oil and NGL marketing and sales. He received a Bachelor of Arts degree in Finance and Land Management from the University of Texas at Austin.

Mr. Stephens was appointed to replace Darryl Smette who is retiring. Mr. Smette will continue to serve on the board until December 31, 2017, in order to ensure a smooth transition.

ITEM 9.01 Financial Statements and Exhibits

(d)Exhibits

Exhibit

NumberDescription

99.1Press Release issued by Panhandle Oil and Gas Inc., dated August 1, 2017

PANHANDLE OIL & GAS INC Exhibit
EX-99.1 2 phx-ex991_6.htm EX-99.1 phx-ex991_6.htm EXHIBIT 99.1         FOR IMMEDIATE RELEASE PLEASE CONTACT: Paul F. Blanchard Jr. 405.948.1560 Website: www.panhandleoilandgas.com       PANHANDLE OIL AND GAS INC. ANNOUNCES NEW DIRECTOR   OKLAHOMA CITY – August 1,…
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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.