Phillips Theological Seminary in Tulsa, Oklahoma, is now located at its newly remodeled campus, which includes 60,000 square feet of space on 7.5 acres. These facilities were previously the headquarters of the QuikTrip Corp., a major operator of gasoline/convenience stores. In 2002, QT built new headquarters and donated its former property to PTS. Creative renovation of the office complex has fashioned a state-of-the-art 21st-century theological campus, which includes the seminary's 140,000-volume library, computer classrooms, distance learning facilities, student commons, study rooms, exterior gardens, and faculty/administration offices. A conference center - including a meditation labyrinth - is available to church and community groups to use.

PTS has more than 200 students from about 20 denominations enrolled in four degree programs: Master of Arts in Ministry and Culture, Master of Theological Studies, Master of Divinity, and Doctor of Ministry. The seminary is approved by most mainstream denominations to prepare candidates for ordained ministry. There are 15 faculty members, plus part-time specialists. Class sizes average about 25 students for required courses and 12 for elective courses. A variety of student aid programs are available.

PTS offers additional instruction in Conifer, Colorado, and Wichita, Kansas, with periodic classes in other locations.

PTS is accredited by the Association of Theological Schools in the US and Canada and the Higher Learning Commission of the North Central Association of Colleges.