11:50 AM EST - PHX Energy Services Corp. : Says its Board of Directors has approved a $10-million increase to the Corporation’s 2019 capital expenditure program. With this increase the Corporation now anticipates spending $25 million in capital expenditures during the 2019-year. PHX Energy expects to dedicate the majority of the additional capital expenditures toward increasing the capacity of its fleet of Velocity Real-Time Systems for activity in early 2020. The remainder of the increase to the 2019 Program is anticipated to be allocated toward maintenance of the Velocity and performance motor drilling fleets, including Atlas performance drilling motors. PHX Energy Services Corp.
shares T.PHX are trading up $0.03 at $3.48.
