PHX Energy Announces Operations Update and Further Increase to its 2018 Capital Expenditure Program

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Jul 04, 2018
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CALGARY, Alberta, July 04, 2018 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") (TSX:PHX, Financial) announces that its Board of Directors (the “Board”) has approved a $15 million increase to the Corporation’s 2018 capital expenditure program (the “program”). With this increase the Corporation now anticipates spending $33.5 million in capital expenditures during the 2018-year. The increase will primarily be dedicated to further expanding the Atlas high performance drilling motor fleet (“Atlas motors”) for activity in 2019.