Okc-Based Panhandle Royalty Reports Record Earnings, Revenues for Fiscal Year

Summary


Panhandle Royalty on Thursday reported record revenues and earnings for the fiscal year ended Sept. 30.

The increase in revenues was from sharply higher prices for oil and natural gas. The average price received for oil was $51.30 per barrel, up 42.9 percent from a year earlier, and the average price for natural gas was $6.24 per thousand cubic feet, up 24.1 percent.

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Extract


Okc-Based Panhandle Royalty Reports Record Earnings, Revenues for Fiscal Year

Net income for the fiscal year totaled $10.5 million, or $2.48 per diluted share, up 55.8 perc...

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