Panhandle Oil and Gas Inc. · Oklahoma City, OK United States ·(NYSE: PHX)

You won't find this Panhandle on a street corner, but you will find it pocketing the oil and gas royalties from more than 4,300 producing oil or gas wells. Panhandle Oil and Gas (formerly Panhandle Royalty) owns mineral interests, both working and royalty, in oil- and gas-producing properties in 10 states. The company does not operate any of its own wells but instead maintains them through partnerships with other oil and gas companies. Its major properties are located primarily in Oklahoma (44% of its net holdings), New Mexico, and Texas. In 2007 Panhandle Oil and Gas reported proved reserves of 822,824 barrels of oil and 37 billion cu. ft. of natural gas. To read the full description, subscribe now.