PHX Energy Services Corp. Announces March 2014 Dividend

PHX Energy Services Corp. (TSX:PHX) ("PHX Energy" or the "Corporation") has
declared a cash dividend of $0.07 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 15th, 2014 to shareholders of record at the close of
business on March 31, 2014. The ex-dividend date is March 27, 2014.


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: 
PHX Energy Services Corp.
John Hooks
President and Chief Executive Officer
[phone]


PHX Energy Services Corp.
Cameron Ritchie
Senior Vice President, Finance and Chief Financial Officer
[phone]
www.phxtech.com