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Press release from Marketwire

PHX Energy Services Corp. Announces July 2012 Dividend

Friday, July 13, 2012

PHX Energy Services Corp. Announces July 2012 Dividend08:00 EDT Friday, July 13, 2012CALGARY, ALBERTA--(Marketwire - July 13, 2012) - PHX Energy Services Corp. (TSX:PHX) ("Phoenix" or the "Company") announces that its Board of Directors has declared a cash dividend of $0.06 per common share designated as an "eligible dividend" within the meaning of subsection 89(1) of the Income Tax Act (Canada), and payable on August 15, 2012 to shareholders of record at the close of business on July 31, 2012. The ex-dividend date is July 27, 2012.ABOUT PHX ENERGY SERVICES CORP. PHX Energy's Canadian operations are conducted through Phoenix Technology Services LP. The Corporation maintains its corporate head office, research and development, Canadian sales, service and operational centres in Calgary, Alberta. In addition PHX Energy has a service facility in Estevan, Saskatchewan. PHX Energy's US operations, conducted through the Corporation's wholly-owned subsidiary, Phoenix Technology Services USA Inc. ("Phoenix USA"), is headquartered in Houston, Texas. Phoenix USA has sales and service facilities in Houston, Texas; Traverse City, Michigan; Casper, Wyoming; Denver, Colorado; Fort Worth, Texas; Midland, Texas; Buckhannon, West Virginia; Pittsburgh, Pennsylvania; and Oklahoma City, Oklahoma. Internationally, PHX Energy has sales offices and service facilities in Albania, Peru, Russia, and Colombia. The common shares of Phoenix are traded on the Toronto Stock Exchange under the symbol "PHX".FOR FURTHER INFORMATION PLEASE CONTACT: John HooksPHX Energy Services Corp.President and Chief Executive Officer(403) 543-4466ORCameron RitchiePHX Energy Services Corp.Senior Vice President, Finance and Chief Financial Officer(403) 543-4466www.phxtech.com