Mexco Energy Corporation (MXC) Research

Mexco Energy Corporation (MXC) operates as an independent firm within the oil and gas sector, focusing its efforts on the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids. All of its operations are conducted within the United States. The company holds partial ownership in approximately 6,300 gross producing wells, which are spread across multiple states including Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio. As of March 31, 2022, Mexco's estimated proven reserves totaled about 1.616 million barrels of oil equivalent. Additionally, it possessed leasehold mineral, royalty, and other interests covering roughly 2,970 net acres. Founded in 1972, the company was initially known as Miller Oil Company before officially changing its name to Mexco Energy Corporation in April 1980. Its corporate headquarters are located in Midland, Texas.

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