PHX Energy Services Corp., commonly referred to as PHX Energy, is a leading provider of innovative drilling solutions headquartered in Calgary, Alberta. Established in 1994, the company has made significant strides in the energy sector, particularly in North America, where it operates extensively in key regions such as Canada and the United States. Specialising in advanced technology for horizontal and directional drilling, PHX Energy offers unique services that enhance drilling efficiency and reduce costs. Their proprietary tools and systems, including the industry-renowned Phoenix System, set them apart in a competitive market. With a strong commitment to safety and sustainability, PHX Energy has solidified its position as a trusted partner in the oil and gas industry, achieving notable milestones that reflect its dedication to excellence and innovation.
How does PHX Energy Services Corp.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
PHX Energy Services Corp.'s score of 16 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
PHX Energy Services Corp., headquartered in California, has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has outlined clear reduction targets for its Scope 1 and Scope 2 emissions. PHX Energy Services Corp. aims to reduce its Scope 1 and Scope 2 carbon emissions by over 60% by 2030, with a further target of exceeding 90% reduction by 2035. These targets are part of a long-term strategy to achieve net-zero emissions, including shrinkage, by 2050. The company is currently on track to meet its near-term goals, demonstrating a commitment to sustainability and responsible business practices. These initiatives reflect PHX Energy Services Corp.'s proactive approach to addressing climate change and its dedication to reducing its environmental impact in the energy services sector.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
PHX Energy Services Corp. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.