Mexco Energy Corporation
Business Description
Since our inception, we have been engaged in acquiring and developing oil and
gas properties and the exploration for and production of natural gas, crude
oil, condensate and natural gas liquids (“NGLs”) within the United
States. We especially seek to acquire proved reserves that fit well with existing
operations or in areas where Mexco has established production. Acquisitions
preferably will contain most of their value in producing wells, behind pipe
reserves and high quality proved undeveloped locations. Competition for the
purchase of proved reserves is intense. Sellers often utilize a bid process
to sell properties. This process usually intensifies the competition and makes
it extremely difficult to acquire reserves without assuming significant price
and production risks.
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