Exhibit 23.2
December 13, 2022
PHX Minerals Inc.
1320 S. University Dr., Suite 720
University Centre II
Fort Worth, Texas 76107
Ladies and Gentlemen:
We hereby consent to the use of the name Cawley, Gillespie & Associates, Inc., to references to Cawley, Gillespie & Associates, Inc. as independent petroleum engineers, and to the inclusion of information taken from the reports listed below in the PHX Minerals Inc. Annual Report on Form 10-K (“the 10-K”), formerly known as Panhandle Oil and Gas Inc.:
We further consent to the inclusion of our report of third party dated October 4, 2022, as Exhibit 99 in the 10-K.
Very truly yours,
/s/ W. Todd Brooker
W. Todd Brooker, President
CAWLEY, GILLESPIE & ASSOCIATES, INC.
Texas Registered Engineering Firm F-693