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Press release from Marketwire

PHX Energy Services Corp. Announces November 2012 Dividend

Thursday, November 15, 2012

PHX Energy Services Corp. Announces November 2012 Dividend08:00 EST Thursday, November 15, 2012CALGARY, ALBERTA--(Marketwire - Nov. 15, 2012) - PHX Energy Services Corp. (TSX:PHX) ("PHX Energy" or the "Corporation") 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 December 14, 2012 to shareholders of record at the close of business on November 30, 2012. The ex-dividend date is November 28, 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, and an administrative office Nicosia, Cyprus. The common shares of PHX Energy are traded on the Toronto Stock Exchange under the symbol "PHX".FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: PHX Energy Services Corp.John HooksPresident and Chief Executive Officer(403) 543-4466PHX Energy Services Corp.Cameron RitchieSenior Vice President, Finance and Chief Financial Officer(403)