PHX Energy Services Corp. announced that its Board of Directors has approved an increase to the Corporation’s 2018 capital expenditure program by $8 million to $18.5 million. The increase to the 2018 program is expected to be principally directed to the expansion of PHX Energy’s fleet of performance drilling motors, including its proprietary high performance 7.25" Atlas motor, to support increasing activity in the Permian basin region of the Corporation’s US operations.