The Company was founded in Range, Texas County, the Oklahoma Panhandle, in 1926, as Panhandle Cooperative Royalty Company and operated as a Co-op until 1979. At that time the Company was merged into Panhandle Royalty Company and its shares were registered with the SEC. On April 2, 2007 the Company's name was changed to Panhandle Oil and Gas Inc. The name change was made to clear up confusion as to the nature of the Company's business operations.