Phoenix Operating

Join Our Journey
to Operational
Excellence

Phoenix Operating, launched in 2023 as a wholly owned subsidiary of Phoenix Energy, is driving record-breaking results as the company’s dedicated operating arm for domestic oil and gas development in the Williston, Powder River, and DJ Basins.

YOUR INVESTMENTS: AT WORK

See how Phoenix Energy puts your investment capital directly to work.

BEST-IN-CLASS OPERATING TEAM

Being average was never acceptable - and our team is no exception.

RESPONSIBLE CAPITAL STEWARDS

We strive to make fiscally responsible decisions that benefit both investors and employees.

TRACK RECORD OF SUCCESS

Demonstrating, with concrete evidence, how well we can perform in the field.

Williams County and Divide County, North Dakota

WILLISTON BASIN

Phoenix Operating’s initial drilling efforts are centered in Williams County and Divide County, North Dakota. Utilizing 3 & 4-mile Bakken laterals, we aim to optimize operational efficiency while reducing surface disturbance.

Our Drilling Program officially launched in September 2023, a significant step in advancing energy production through innovative drilling practices in the region.

DJ BASIN &
POWDER RIVER

Looking ahead, Phoenix Operating is preparing to develop acreage in Laramie County and Converse County, Wyoming. Drilling operations in these areas are anticipated to commence in the near future, with regular updates on progress provided as they become available.

Drilling Performance in North Dakota & Montana

Rockin’ in the Bakken

PRODUCING

147

UNDER DEVELOPMENT

RIDE THE LIGHTNING (Grasslands): 5 four-mile wells
KIMONO (Shogun): 4 four-mile wells
KATANA (Shogun): 4 wells
BONSAI (Shogun): 2 four-mile "u-turn" wells
ORIGAMI (Shogun): 4 four-mile wells
CADDYSHACK (Noonan): 5 three-mile wells
SPACKLER (Noonan): 5 three-mile wells
DANNY NOONAN (Noonan): 5 three-mile wells

Well counts for producing and under development are as of 8/15/2026.

Longer Laterals = Enhanced Project Economics

Chasing Records IN THE BAKKEN

4 of the fastest 3-milers

DAYS TO TOTAL DEPTH¹

6.46

AXEL FERRARI 25-36-1 4H (Alamo)
6/29/2024

6.52

JACOBSON 19-30-31 3H (Alamo)
8/22/2024

6.52

DANIELE 26-35-2 2H (Alamo)
5/9/2024

6.60

AXEL FERRARI 25-36-1 5H (Alamo)
7/8/2024

one of the longest Laterals

ON A ONE-RUN 4-MILER

20.8K

lateral length (FT)²

NYSTUEN 20-17-8-5-1H (Alamo)
6/17/2025

4 of the fastest 4-milers

DAYS TO TOTAL DEPTH¹

9.29

WILLOW GRAY 2-11-14-23-4H (Alamo)
9/24/2025

9.71

WILLOW GRAY 2-11-14-23-2H (Alamo)
9/14/2025

9.77

WILLOW GRAY 2-11-14-23-5H (Alamo)
10/06/2025

10.38

NYSTUEN 20-17-8-5-4H (Alamo)
7/16/2025

Days to total depth” (DTD or Days to TD) refers to the number of calendar days it takes to drill a well from the start of operations (spud date) to the point at which the well reaches its planned final depth
Lateral length refers to the horizontal distance a wellbore extends within an oil or gas formation after drilling vertically to a targeted depth. Typical lateral lengths in modern unconventional drilling range from approximately 5,000 to 15,000 feet, enhancing reservoir contact and production efficiency.

Drill Deeper Into
Phoenix Energy

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