PHX Energy Services Corp. Announces March 2013 Dividend

CALGARY, ALBERTA--(Marketwire - March 15, 2013) - 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 April 15, 2013 to shareholders of record at the close of business on March 29, 2013. The ex-dividend date is March 27, 2013.

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".