Omanghana
Phoenix Energy One, LLC, commonly known as Phoenix Energy, is an oil and gas company headquartered in Irvine, California. The company, formerly known as Phoenix Capital Group, focuses on direct drilling operations, royalty asset acquisitions, and non-operated working interests in major U.S. energy basins.
The company’s primary drilling activities are concentrated in the Williston Basin, which spans North Dakota and Montana. It has also expanded operations into the Powder River Basin and the Denver–Julesburg Basin, located in Wyoming and Colorado.
Phoenix Energy has adopted advanced drilling techniques to improve production efficiency, including the use of four-mile lateral wells designed to increase contact with underground reservoirs. In 2025, the company reported a record drilling time of 9.29 days for completing a four-mile well, highlighting its focus on operational efficiency.
By June 2025, Phoenix Energy had grown into the tenth-largest oil producer in North Dakota. The company also manages a significant mineral and royalty portfolio, controlling more than 99,000 net royalty acres across nine U.S. states. Since its founding, it has invested more than $257 million in mineral and royalty assets.
To finance its expansion, Phoenix Energy raises capital through private and registered investment offerings. The company offers unsecured debt securities with fixed annual interest rates typically ranging from 9 percent to 13 percent, depending on the maturity period, which can span from one to eleven years.
Some of the investment options are available through registered offerings that allow broader participation with a minimum investment of $5,000. In addition, the company offers private placements under Regulation D, which are limited to accredited investors and require a minimum investment of $25,000.
Phoenix Energy is accredited by the Better Business Bureau and maintains its main corporate office in Irvine. Although the company is privately held and does not publicly disclose full financial results, industry comparisons are sometimes drawn with firms such as PHX Energy Services Corp., which operates in related areas of the energy services sector.
Source: Omanghana
