Phoenix Energy Q1 2025 Boe production jumps 134% to 1.76M; proved reserves rise 6.3%

Phoenix Energy One, LLC

Q1 2025 production: 1,759,320 Boe (19,548 Boe/d), up 134% from Q1 2024 (751,492 Boe/d). Bakken oil output tripled.
Total proved reserves at Mar 31, 2025: 67.8M Boe, up from 63.8M Boe at Dec 31, 2024; proved developed reserves increased 5.8M Boe.
Average realized oil price improved to $70.50/Bbl (Q1 2025) vs $64.51 (Q1 2024); operating costs rose to $18.01/Boe.
Capital expenditures of $101.2M in Q1 2025; 26 gross (4.2 net) wells drilled vs 105 gross (7.5 net) in Q1 2024.
PV-10 of total proved reserves: $1.224B at Mar 31, 2025 (up from $1.069B at Dec 31, 2024).

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