PHX Energy Announces Correction to Its Press Release Titled - Increase to its 2022 Capital Expenditure Program

Dec 02, 2021

CALGARY, Alberta, Dec. 01, 2021 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") (TSX: PHX) announces a correction to its Press Release issued earlier today under the title PHX Energy Announces Increase to its 2022 Capital Expenditure Program. The reference to the components of our $40 million planned capital expenditures for 2022 should have read $12 million is anticipated to be spent on maintenance capital, while the remaining $28 million is expected to be allocated towards growth.

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