MXC Profile
Mexco Energy Corporation is an independent oil and gas exploration and production company based in Midland, Texas. The company focuses on acquiring, developing, and producing hydrocarbons across a diverse range of properties in the United States. Its operations span a broad geographic footprint, including key oil and gas producing states such as Texas, New Mexico, Oklahoma, and Louisiana, among others.
The company holds partial interests in approximately 6,300 gross producing wells, which reflect a substantial and diversified asset base. Mexco Energy's portfolio includes natural gas, crude oil, condensate, and natural gas liquids. As of March 31, 2022, the company reported total estimated proved reserves of about 1.616 million barrels of oil equivalent, underscoring its significant presence in the energy sector. In addition to its producing wells, Mexco Energy owns leasehold mineral, royalty, and other interests spanning approximately 2,970 net acres.
Mexco Energy's strategy involves a mix of acquisition, exploration, and development activities designed to enhance its production capabilities and reserves. The company’s operations are focused on maximizing the value of its existing assets while exploring new opportunities for growth. Its extensive land holdings and well interests provide a solid foundation for ongoing development and production initiatives.
Incorporated in 1972 under the original name Miller Oil Company, Mexco Energy Corporation rebranded in April 1980 to better reflect its evolving business focus. Over the decades, the company has built a robust portfolio of assets and established itself as a key player in the U.S. oil and gas industry.
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