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.