IRVINE, Calif. — July 20, 2026 (GLOBE NEWSWIRE) – Phoenix Energy One, LLC (“Phoenix Energy” or the “Company”), an independent oil and gas exploration and production company operating primarily in the Williston Basin of North Dakota and Montana, today announced that it has surpassed a production rate of 50,000 barrels of oil per day, a defining milestone in one of the most rapid growth stories in the U.S. energy sector.
Phoenix Energy crossed the 50,000-barrel-per-day threshold in mid-July 2026, with daily production reaching approximately 50,700 barrels on July 19, 2026. The achievement reflects sustained, disciplined growth over the past few years. The Company’s output has climbed from roughly 100 barrels per day at the start of 2024, when Phoenix Energy was a nascent producer, to more than 50,000 barrels per day today. This includes year-over-year production growth of approximately 60% from June 2025 to June 2026.
“Reaching 50,000 barrels of oil per day is an important milestone for Phoenix Energy. It reflects the discipline, focus, and hard work of our entire team,” said Adam Ferrari, Chief Executive Officer of Phoenix Energy. “In just over two years, we’ve grown from a modest production base into one of the fastest-growing producers in the Williston Basin. But 50,000 barrels per day is not a finish line. Instead, it is a foundation for continued responsible development and operational excellence in our quest to deliver long-term value.”
Read the full press release on Globe Newswire.
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Forward-Looking Statements
This press release contains forward-looking statements, which are statements not of historical facts and include statements regarding Phoenix Energy’s current views, hopes, intentions, beliefs, or expectations concerning, among other things, Phoenix Energy’s results of operations, financial condition, liquidity, prospects, growth, strategies, and position in the markets and the industries in which it operates. These forward-looking statements are generally identifiable by forward-looking terminology such as “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “will,” “approximately,” “predict,” “potential,” “may,” and “assume,” as well as variations of such words and similar expressions referring to the future.