secwatch.observer — SEC 8-K summary
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Issuer:     Phoenix Energy One, LLC (PHXE-P)
CIK:        0001818643
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001193125-25-135865
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525135865/0001193125-25-135865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525135865/d85116d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-135865

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