Mexco Energy Corporation Common Stock
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About
Mexco Energy Corporation (MXC) is an independent energy company headquartered in Midland, Texas. It focuses on the exploration, development, and production of oil and natural gas across the United States.
The company generates revenue by producing and selling crude oil, natural gas, and associated liquids such as condensate and natural gas liquids. Its strategy centers on acquiring and developing oil and gas properties. Mexco Energy owns partial working interests in numerous producing wells and also holds various leasehold mineral and royalty interests. This diversified model provides income from both direct production operations and from royalties paid by other operators on its leased acreage.
Mexco Energy's portfolio is spread across a wide geographic range, with assets located in multiple key hydrocarbon-producing states. These include Texas, New Mexico, Oklahoma, and Louisiana, as well as other states in the Rocky Mountain and Mid-Continent regions such as Wyoming, Colorado, Kansas, and North Dakota. Originally incorporated in 1972 as Miller Oil Company, the company adopted its current name in 1980 and has built its operations through this long-term, multi-state approach to asset ownership and development.