PHX Energy Services Profile
PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas producing companies in Canada, the United States, Russia and Albania. The company also provides electronic drilling recorder (EDR) technology and services to oil and natural gas exploration and development companies. The company also develops and manufactures technologies that are made available for internal operational use.
The company’s Canadian directional drilling operations are conducted through Phoenix Technology Services LP. Its U.S. operations, conducted through its wholly-owned subsidiary, Phoenix Technology Services USA Inc. (Phoenix USA). Phoenix USA has sales and service facilities in Houston, Texas; Denver, Colorado; Casper, Wyoming; Midland, Texas; Bellaire, Ohio; and Oklahoma City, Oklahoma. Internationally, the company has sales offices and service facilities in Albania and Russia, and administrative offices in Nicosia, Cyprus; Dublin, Ireland; and Luxembourg City, Luxembourg.
The company markets its EDR technology and services in Canada through its division, Stream Services (Stream), which has an office and operations center in Calgary, Alberta. EDR technology is marketed worldwide, outside Canada, through Stream’s wholly-owned subsidiary Stream Services International Inc.
History
The company was founded in 1995. It was incorporated in 2010. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp.
