PHX Energy Services Insider Trading

PHX Energy Services Corp. is a Canadian company operating in the oil and gas drilling sector. It provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies. The company serves clients in Canada, the United States, the Middle East, and other international markets.

Its product and service offerings include Atlas motors, Velocity Real-Time Systems for downhole guidance, the Echo system, and the PowerDrive Orbit RSS rotary steerable system. The company also offers several measurement while drilling tools, including the P-360 Positive Pulse MWD System, which transmits data via pulse, and the E-360 EM MWD System, which transmits electric signals through geological formations. Additional tools include the 360 CV MWD System, which surveys inclination and gamma in real-time near the drill bit, and the 360 RWD System, a resistivity while drilling sub. PHX Energy also provides a North Seeking Gyro tool that performs real-time quality assurance and quality control checks downhole, along with survey management and gyro surveying services. The company was formerly known as Phoenix Technology Income Fund.