PHX Minerals Inc. is a natural gas and oil-focused mineral company. The Company is focused on perpetual natural gas and oil mineral ownership in resource plays in the United States. The Company also owns interests in leasehold acreage and non-operated interests in natural gas and oil properties. Its exploration and development of its natural gas and oil properties is conducted by natural gas and oil exploration and production companies. Its focus is on growth through mineral acquisitions and the development of its mineral acreage inventory in its core focus areas. It owns mineral and leasehold interests in multiple resource plays in the United States, including positions in the Haynesville, SCOOP, STACK, Bakken/Three Forks, Permian Basin and Fayetteville plays. It owns mineral acres located primarily in Oklahoma, Texas, North Dakota, Louisiana and Arkansas. The Company also has working interests in 6,362 producing natural gas and oil wells.