Mexco Energy Corporation Overview
Pro stress-test →Mexco Energy Corporation is an independent, publicly owned oil and gas company engaged in acquiring and developing oil and gas properties and the exploration for and production of oil and gas. All of its oil and gas assets are located in the United States and all of its revenues are derived from sales to customers within the United States, primarily in the Permian Basin of West Texas.
Strategic Profile
Pro stress-test →Mexco focuses primarily on the exploration for and development primarily of natural gas reserves and secondarily oil reserves. The company operates as a lean operator with 3 full-time employees headquartered in Midland, Texas, holding partial interests in wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, South Dakota, and Ohio.
Competitive Landscape
Pro stress-test →Mexco competes with mid-cap independents like Pioneer Natural Resources, Callon Petroleum, and Matador Resources in the Permian Basin, though at a much smaller scale. The company's royalty and leasehold model differs from fully-operated peers, reducing both operational risk and development upside. Competition for acreage acquisitions and commodity price exposure remains intense in the current oil/gas environment.
Industry Context
Mexco Energy Corporation operates in Oil & Gas Exploration & Production.
Key facts
Founded: 1972 · Headquarters: Midland, Texas · Employees: 3 · Revenue: $1.7M (Q1 FY2024) · Market cap: $19-21M