--- title: "Delivering Value Through Oil & Gas Operations" description: "An operating division that delivers stakeholder value through the drill bit, maximizing efficiency while minimizing environmental impact." language: "en-US" source_url: "https://surz8cb5rg2acq7.onstatic.studio/operating/" content_type: "text/markdown" --- 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. [ Invest ](http://invest.phoenixenergy.com/sign-up) [ Join a Webinar ](#webinar) [ ](#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJ0eXBlIjoidmlkZW8iLCJ2aWRlb1R5cGUiOiJ5b3V0dWJlIiwidXJsIjoiaHR0cHM6XC9cL3d3dy55b3V0dWJlLmNvbVwvZW1iZWRcLzlYSUFsamRuUE9nP2ZlYXR1cmU9b2VtYmVkIn0%3D) ### [ YOUR INVESTMENTS: AT WORK ](#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJ0eXBlIjoidmlkZW8iLCJ2aWRlb1R5cGUiOiJ5b3V0dWJlIiwidXJsIjoiaHR0cHM6XC9cL3d3dy55b3V0dWJlLmNvbVwvZW1iZWRcLzlYSUFsamRuUE9nP2ZlYXR1cmU9b2VtYmVkIn0%3D) 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 bondholders and employees. ###### TRACK RECORD OF SUCCESS Demonstrating, with concrete evidence, how well we can perform in the field. ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/Basins-Map_Williston.svg) ## 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. ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/Basins-Map_DJ-Powder-River-1.svg) ## STRIVING TO BE THE BEST IN THE BAKKEN ## OUR GOAL: TOP 5 in the next 5 years ## Surrounded by industry titans in the Bakken, Phoenix Energy rises each day with one goal: outperform the best. ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/03/Bakken-Rankings-122925-1024x511.png) ## Rankings are based on publicly available North Dakota production data from Enverus Prism as of August 31, 2025. Based on publicly reported operator rig counts and well activity, and assuming current daily production levels remain consistent across all operators, Phoenix Energy anticipates advancing into a top-eight production position by November 2025. ##### Drilling Performance in North Dakota & Montana ## Rockin’ in the Bakken ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/Map_4.svg) PRODUCING 119 - ALAMO/TIOGA: 88 wells - KNIFE RIVER: 12 wells - SHOGUN: 9 wells - STANLEY: 5 wells - NOONAN: 5 wells UNDER DEVELOPMENT 41 - ADRIAN** (Alamo): 6 wells - **LOSTWOOD** (Stanley): 1 four-mile well - **HAEFELE** (Alamo/Tioga): 5 wells - **AFSETH** (Stanley): 3 wells - **PLADSON** (Stanley): 4 wells - **RIDE THE LIGHTNING** (Grasslands): 5 four-mile wells - **T JOHNSON** (Stanley): 5 wells - **STANLEY EAST** (Stanley): 4 wells - **KIMONO** (Shogun): 4 four-mile wells - **KATANA** (Shogun): 4 wells Well counts for producing and under development are as of 4/15/2026. ##### Longer Laterals = Enhanced Project Economics ## Chasing Records IN THE BAKKEN ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/3-mile_1Grid.svg) ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/4-mile-2gridblock.svg) ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/3-mile-wide-.svg) ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/3-mile_1Grid.svg) ## 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 ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/4-mile-2gridblock.svg) ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/4-mile-1block.svg) ## 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 ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/PHXE_Investor-Deck_Patrick-Messersmith_090225.svg) ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/4-mile-2gridblock.svg) ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2026/01/4-mile-1block.svg) ## 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. [ ![flowers](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/flowers-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/flowers.jpg) [ ![DSC_6892_2024-02-07](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/DSC_6892_2024-02-07-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/DSC_6892_2024-02-07.jpg) [ ![work](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/work-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/work.jpg) [ ![Night](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Night-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/Night.jpg) [ ![Water-Depot-for-Nate_Daniele_Axel_Jacobson-6.12.2024](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Water-Depot-for-Nate_Daniele_Axel_Jacobson-6.12.2024-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/Water-Depot-for-Nate_Daniele_Axel_Jacobson-6.12.2024.jpg) [ ![Christ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Christ-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/Christ.jpg) [ ![David Scadden](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/David-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/David.jpg) [ ![wide](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/wide-rqtv8kdftcmc99iogr6w93euolv6oxkcvi17itkcgg.jpg) ](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/02/wide.jpg) # Drill Deeper Into Phoenix Energy Learn about our business, the oil & gas industry, and our bond offerings through an engaging 1-hour presentation. ![](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/2025/07/Webinar-Mock-1024x594.png) Register For A Bond Webinar By registering, you agree to the [ privacy policy ](https://phoenixenergy.com/privacy/) and consent to receive automated SMS messages and/or email marketing about investment or relevant offers by or on behalf of Phoenix Energy and/or trusted affiliated companies at the phone number and email provided. Consent is not a condition of purchase. Opt-out at anytime. ## Phoenix Energy ## Company News ![Fixed Rate Featured Image](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Fixed-Rate-Featured-Image-scaled-rqtv8a15aglm3rldb2ya66u0x5ia732bm170v3gb60.png) [ ](https://surz8cb5rg2acq7.onstatic.studio/elementor-22289/) - Jun 24 — 2026 ##### [Fixed-Rate Investing in 2026: Rates, Options, and How to Choose](https://surz8cb5rg2acq7.onstatic.studio/elementor-22289/) ![PHXE_BlogArticle-Images_Financial-Releases-2](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/PHXE_BlogArticle-Images_Financial-Releases-2-rqtv8bwto4o6qzin03rjb6cy3x90mh9saahztnditk.png) [ ](https://surz8cb5rg2acq7.onstatic.studio/phoenix-energy-announces-q4-2025-and-full-year-2025-earnings-call/) - Mar 13 — 2026 ##### [Phoenix Energy Announces Q4 2025 and Full-Year 2025 Earnings Call](https://surz8cb5rg2acq7.onstatic.studio/phoenix-energy-announces-q4-2025-and-full-year-2025-earnings-call/) ![Phoenix Capital Group Develops Proprietary Technology to Identify Mineral Rights Acquisition Opportunities - Featured Image](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Phoenix-Capital-Group-Develops-Proprietary-Technology-to-Identify-Mineral-Rights-Acquisition-Opportunities-Featured-Image-rqtv8ayzhamwfdk05lcwqolhijdnes61y5uicdewzs.png) [ ](https://surz8cb5rg2acq7.onstatic.studio/phoenix-capital-group-develops-proprietary-technology-to-identify-mineral-rights-acquisition-opportunities-2/) - Feb 16 — 2026 ##### [Phoenix Capital Group Develops Proprietary Technology to Identify Mineral Rights Acquisition Opportunities](https://surz8cb5rg2acq7.onstatic.studio/phoenix-capital-group-develops-proprietary-technology-to-identify-mineral-rights-acquisition-opportunities-2/) ![PHXE_BlogArticle-Images_10-Q-1](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/PHXE_BlogArticle-Images_10-Q-1-scaled-rqtv8hjut4vwonag367aq4xpo8h7wnw6b2ewpb55s8.png) [ ](https://surz8cb5rg2acq7.onstatic.studio/phoenix-energy-announces-q3-2025-earnings-call/) - Nov 10 — 2025 ##### [Phoenix Energy Announces Q3 2025 Earnings Call](https://surz8cb5rg2acq7.onstatic.studio/phoenix-energy-announces-q3-2025-earnings-call/) ![Fueling Change- Phoenix Energy Irvine Team Supports OC Rescue Mission (Featured Image)](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Fueling-Change-Phoenix-Energy-Irvine-Team-Supports-OC-Rescue-Mission-Featured-Image-rqtv8ayzhamwfdk05lcwqolhijdnes61y5uicdewzs.webp) [ ](https://surz8cb5rg2acq7.onstatic.studio/fueling-change-phoenix-energy-irvine-team-supports-oc-rescue-mission/) - Oct 17 — 2025 ##### [Fueling Change: Phoenix Energy Irvine Team Supports OC Rescue Mission](https://surz8cb5rg2acq7.onstatic.studio/fueling-change-phoenix-energy-irvine-team-supports-oc-rescue-mission/) ![Phoenix Energy Rings the Closing Bell® at the NYSE (Featured Image)](https://surz8cb5rg2acq7.onstatic.studio/wp-content/uploads/elementor/thumbs/Phoenix-Energy-Rings-the-Closing-Bell%C2%AE-at-the-NYSE-Featured-Image-rqtv8ayzhamwfdk05lcwqolhijdnes61y5uicdewzs.png) [ ](https://surz8cb5rg2acq7.onstatic.studio/phoenix-energy-rings-the-closing-bell-at-the-nyse/) - Oct 01 — 2025 ##### [Phoenix Energy Rings the Closing Bell® at the NYSE](https://surz8cb5rg2acq7.onstatic.studio/phoenix-energy-rings-the-closing-bell-at-the-nyse/) Manage Consent 16979