PHX Minerals Inc.
Climate Impact & Sustainability Data (2014, 2023)
Reporting Period: 2014
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Significant drop in oil, NGL, and natural gas prices since the end of the fiscal year.
Mitigation Strategies
- Oil hedging in place through 2015 representing approximately 80% of expected production from Eagle Ford properties (approximately 50% of total oil production). Hedging also in place for a significant portion of 2015 natural gas production. Conservative financial and operating strategies, low cost structure, hedging strategy, clean balance sheet, geographic diversity, product mix, and focus on generating returns on capital invested.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Governance
- Sustainability
Governance Achievements
- Adopted Corporate Governance Guidelines tailored to the needs of the Company.
- Established a Governance and Sustainability Committee responsible for reviewing director qualifications, recruitment, and handling director resignations.
- Implemented a policy for mandatory retirement of non-management directors after their 75th birthday.
- Established a method for shareholders and other interested parties to communicate directly with independent directors.
- Maintains a Code of Business Conduct and Ethics.