PHX Energy Services Corp. announced that its Board of Directors has approved the 2018 capital expenditure program of $10.5 million, of which $3.8 million was committed in 2017 but delivery of the equipment was delayed into 2018. PHX Energy has remained strategically focused on developing differentiating technologies that support the growth of higher margin services, and the 2018 capital expenditure program reflects a disciplined approach to furthering this objective. The company is optimistic that in 2018 it will further build upon the momentum of 2017, achieving improved profitability and greater activity levels as it deploys the additional equipment currently on order and projected in the 2018 program.