PHX Energy Services Corp. (PHX.TO)

8.70 -0.25 (-2.79%) At close: 03:59PM EDT

PHX Energy Services Corp.

215 9th Avenue SW
Suite 1600
Calgary, AB T2P 1K3
Canada
403-543-4466
https://www.phxtech.com

Sector(s): Energy
Industry: Oil & Gas Drilling
Full-time employees: 920

Key executives

Name	Title	Pay	Exercised	Year born
Mr. John Michael Hooks	Chairman & CEO	3.42M	N/A	1958
Mr. Michael Buker	President	3.08M	N/A	1969
Mr. Cameron Michael Ritchie C.A.	Senior VP of Finance, CFO & Corporate Secretary	2.14M	N/A	1962
Mr. Craig Brown	Senior Vice President of Engineering & Technology	1.79M	N/A	1972
Mr. Jeffery John Shafer	Senior Vice President of Sales & Marketing	1.81M	N/A	1975

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations. The company also provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole. In addition, it offers directional drilling and motor rentals, survey management, and Gyro surveying services. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.

Corporate governance

PHX Energy Services Corp.’s ISS governance QualityScore as of 1 June 2024 is 3. The pillar scores are Audit: 2; Board: 8; Shareholder rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.