Optical frequency combs consisting of evenly spaced discrete frequencies have been used for a number of applications such as frequency metrology, range finding and molecular fingerprinting. Recently, the acoustic equivalent of these frequency combs, known as phononic frequency combs (PFCs), have been demonstrated in micro and nanoscale resonators. However, such demonstrations are restricted to PFC generation in high-Q mechanical resonators under carefully controlled operating conditions with limited practical applications. In this work, we demonstrate a novel method of generating PFCs with a parametrically driven capacitive micromachined ultrasonic transducer (CMUT) operating in a fluid medium. The proposed system consists of an electrically driven CMUT array that forms part of a resonant RLC circuit of frequency w0. By applying two drive tones of frequency w0 and w0+Δ, we are able to generate broadband acoustic frequency combs via a parametric four-wave mixing process. The intensity and number of combs generated is strongly dependent on the relative strength of the two driving tones whereas the comb spacing is determined by the frequency difference Δ between the drive signals. We also briefly discuss a potential application of PFCs in extended non-ambiguous range (NAR) distance metrology with interferometric resolution.