PHX Energy Announces 2018 Capital Expenditure Program
(WorldNews Canada)

CALGARY, Alberta, Dec. 13, 2017 (GLOBE NEWSWIRE) -- PHX Energy Services Corp. (`PHX Energy` or the `Corporation`) (TSX:PHX) announces that its Board of Directors (the `Board`) has approved the 2018 capital expenditure program of $10.5 million (the `program`), of which $3.8 million was committed in 2017 but delivery of the equipment was delayed into 2018. PHX Energy has remained strategically focused on developing differentiating technologies that support the growth of higher margin services, and the 2018 capital expenditure program reflects a disciplined approach to furthering this objective. ......