PHX Energy Services Corp. (PHX.TO) TSX
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PHX Energy Services Corp.
Sector
Energy
Industry
Oil & Gas Drilling
Employees
924
First IPO Date
November 14, 2002
Key Executives
| Name | Title | Pay | Year Born |
| Michael Buker | President, Chief Executive Officer & Director | 3.34M | 1969 |
| John Michael Hooks | Executive Chairman | 1.71M | 1958 |
| Jeffery John Shafer | Chief Operating Officer | 1.99M | 1975 |
| Craig Brown | Chief Technology Officer | 2.01M | 1972 |
| Cameron Michael Ritchie | Senior Vice President of Finance, Chief Financial Officer & Corporate Secretary | 2.32M | 1962 |
Description
PHX Energy Services Corp. specializes in providing advanced technology and comprehensive services for horizontal and directional drilling. It caters to oil and natural gas exploration, development, and production companies across a broad international scope, including Canada, the United States, Russia, Albania, and the Middle East. The firm's innovative offerings encompass the Velocity Real-Time System for sophisticated downhole guidance, high-efficiency Atlas Motors, and the cutting-edge PowerDrive Orbit Rotary Steerable System (RSS). Its suite of measurement-while-drilling (MWD) tools features the P-360 Positive Pulse MWD System and the E-360 EM MWD System, which transmits data electromagnetically through subsurface strata. Further technological contributions include the 360 CV MWD System, delivering real-time inclination and gamma insights close to the drill bit, and the 360 RWD System for resistivity measurements during drilling operations. Additionally, PHX provides the North Seeking Gyro for instant downhole quality assurance and control, alongside a range of robust performance drilling motors. Ancillary services extend to comprehensive survey management, precision gyro surveying, and rental provisions for directional drilling apparatus and motors. Originally established as Phoenix Technology Income Fund in 1995, the company subsequently rebranded to PHX Energy Services Corp. and maintains its headquarters in Calgary, Canada.