CALGARY, Alberta, Sept. 06, 2019 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. ("PHX Energy" or the "Corporation") (TSX: PHX) announces that its Board of Directors (the “Board”) has approved a $5 million increase to the Corporation’s 2019 capital expenditure program (the “Program”). With this increase the Corporation now anticipates spending $35 million in capital expenditures during the 2019-year. The increase will primarily be dedicated to the purchase of long lead items required to further expand the Atlas High Performance Drilling Motor (“Atlas Motors”) and Velocity Real-Time System fleets for activity in 2020.
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