January-November 2024
Gross Barrels of Oil per Day as of 11/15/24. Oil production is only from wells owned and operated by Phoenix Operating Company, a wholly-owned subsidiary of Phoenix Capital Group. Phoenix’s portfolio of royalty assets and non-operated working interests are not included in this chart.
Striving to be the Best in the Bakken
1
Wells Drilled
as of 11/15/24
1
Wells Planned
over next 12 months
500,000
Barrels of Oil Sold
as of 11/15/24
At Phoenix Capital Group, our operating arm plays a critical role in driving our business forward. We are proud to have achieved significant milestones, particularly in the Williston Basin in North Dakota. Throughout 2024, our team has become one of the most efficient operators in the basin, positioning us to expand even further with our ambitious drilling plans.
Our focus on efficiency and collaboration across all of our operations drives us to accomplish feats never been done before. We set a record in the Bakken for drilling a three-mile horizontal well in just six and a half days, underscoring our commitment to excellence.
We are continually leveraging technology and innovation to improve our well output and reduce costs, with the aim of delivering returns to our bondholders while maintaining a sustainable and scalable operation.
Follow along on our journey with us! As part of our commitment to transparency with our investors, check back in frequently, as we’ll be updating our production on this page twice a month! An investment in Phoenix leads directly to American independence in oil and gas production.
NORTH DAKOTA DRILLING OPERATIONS
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*Total interest paid is reflective of total interest paid and accrued on all obligations from inception to 9.30.24. This amount includes $82.7 million paid to bondholders and $18.6 million paid to lenders who are also investors in the company
$1M+
Interest Paid*
1K+