PHXHF OTC

PHX Energy Services Corp. delivers advanced horizontal and directional drilling technologies and services to companies engaged in oil and natural gas exploration, development, and production. Its operations span across Canada, the United States, Russia, Albania, and the Middle East. The company's innovative offerings include the Velocity Real-Time System for downhole guidance, high-performance Atlas Motors, the PowerDrive Orbit Rotary Steerable System (RSS), and various Measurement While Drilling (MWD) tools such as the P-360 Positive Pulse MWD System and the E-360 EM MWD System, which transmits electrical signals through geological formations. PHX also provides the 360 CV MWD System, a clear vision tool that offers real-time inclination and gamma surveying close to the drill bit, alongside the 360 RWD System for resistivity while drilling. Additional technologies comprise the North Seeking Gyro, which performs real-time downhole quality assurance and control checks, along with performance drilling motors. Complementing these products are services such as survey management, gyro surveying, directional drilling services, and motor rentals. Established in 1995 and headquartered in Calgary, Canada, the company was formerly known as Phoenix Technology Income Fund.