OKLAHOMA CITY, Aug. 1, 2017 /PRNewswire/ -- PANHANDLE OIL
AND GAS INC. (NYSE: PHX) today announced that Chad L. Stephens III was appointed to the
Company's board of directors. Stephens is currently the Senior Vice
President of Corporate Development at Range Resources Corporation
in Ft. Worth, Texas. His
appointment increases the board's size to eight members.
"Chad has an extensive background and expertise in many facets
of the oil and gas business, and we are delighted he is joining
Panhandle's board of directors," said Robert Lorenz, Panhandle's Lead Independent
Director.
Stephens joined Range Resources in 1990 and is currently the
company's longest tenured employee. While at Range, he has been
responsible for the origination, valuation and acquisition or
divestiture of over $4 billion of oil
and gas producing properties. He currently serves on Range's
internal hedging committee and is responsible for the oversight of
all gas, oil and NGL marketing and sales. He received a Bachelor of
Arts degree in Finance and Land Management from the University of Texas at Austin.
Stephens was appointed to replace Darryl
Smette who is retiring. Smette will continue to serve on the
board until Dec. 31, 2017, in order
to ensure a smooth transition.
Panhandle Oil and Gas Inc. (NYSE: PHX) is engaged
in the exploration for and production of natural gas and oil.
Additional information on the Company can be found on the Internet
at www.panhandleoilandgas.com.
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SOURCE PANHANDLE OIL AND GAS INC.