PHX Minerals Inc. is a natural gas and oil mineral company. The Company is an owner and manager of perpetual natural gas and oil mineral interests in resource plays in the United States. It owns interests in leasehold acreage and non-operated working interests in natural gas and oil properties. Exploration and development of its natural gas and oil properties is conducted by third-party natural gas and oil exploration and production companies (primarily independent operating companies). The Company is focused on growth through mineral acquisitions in its core areas of focus in the SCOOP and Haynesville and development of its significant mineral acreage inventory. It owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas.