[AMEX:MXC] MEXCO ENERGY CORPORATION > 10.76
Mexco Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in the United States. It explores for and develops natural gas, crude oil, and condensate and natural gas liquids primarily in west Texas. As of March 31, 2007, it had proved reserves of approximately 6.905 billion cubic feet of natural gas; and approximately 220,000 barrels of oil and natural gas liquids. The company also holds interests in Viejos Gas Field properties that consists of approximately 2,583 gross acres, 156 net acres, 18 gross wells, and 1.27 net wells in Pecos County, Texas; Gomez Gas Field properties, which consists of approximately 13,847 gross acres, 73 net acres, 24 gross wells, and 11 net wells in Pecos County, Texas; El Cinco Gas Field properties that includes approximately 1,006 gross acres, 766 net acres, 7 gross producing wells, and 5.325 net wells in Pecos County, Texas. In addition, it also holds interests in and operates 14 producing wells and 1 shut-in well, as well as owns partial interests in an additional 2,094 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Arkansas, Wyoming, Kansas, Colorado, Montana, and North Dakota. Mexco was founded in 1972. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in 1980. Mexco Energy Corporation is based in Midland, Texas.
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