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PHX Energy Services Announces 2nd ESG and Sustainability Report, Canadian Business Journal

Calgary, Alberta, March 10, 2022 (GLOBE NEWSWIRE) — PHX Energy Services Corp. (“PHX Energy”, “we”, “our” or “Corporation”) (TSX: PHX) has announced the release of its second annual report. Environmental, social, governance (“ESG”) and sustainability reports. It focuses on 2021 performance, sustainability-related initiatives, ethical business practices, and social responsibility.

We are committed to a progressive ESG journey focused on measurable goals, data-driven decision making, continuous improvement and transparent communication. We are proud to share our commitments with our stakeholders, including the highlights of the 2021 ESG and Sustainability Report.

  • We have achieved most of our ESG goals, which have led to many interdisciplinary initiatives and discussions that support efforts to strengthen our culture of sustainability.
  • We further align the report with the SASB framework and believe that the 2021 report shows progress towards this standard.
  • We have made strategic investments in Canadian geothermal companies as a first step towards diversifying our customer base to include renewable resource developers and establishing our position in this emerging sector.
  • We are proud and diligent, as evidenced by feedback from the Safety Engagement Survey, the impressive Total Recordable Incident Rate (“TRIR”) of 0.36, and no loss for the second year in a row. Maintained a safe working environment. Time incident.
  • We have continued to promote a culture of transparency, integrity and accountability to maintain and strengthen our strong corporate governance structure and ethical business behavior.

The full 2021 ESG and Sustainability Report is available on our website at www.phxtech.com.

About PHX Energy Services Corp.

PHX Energy provides horizontal and directional drilling technology and services to oil and gas producers in Canada, the United States, Albania and Russia through directional drilling subsidiaries.

Common stock of PHX Energy is traded on the Toronto Stock Exchange under the “PHX” symbol.
For more information, please contact:

John Hooks, CEO; Michael Bouker, President; or Cameron Ritchie, Senior Vice President and CFO of Treasury

PHX Energy Service Co., Ltd.
Suite 1400, 250 2nd Street SW
Calgary, Alberta T2P0C1
Tel: 403-543-4466 Fax: 403-543-4485 www.phxtech.com


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PHX Energy Services Announces 2nd ESG and Sustainability Report, Canadian Business Journal

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