MXC
- Mexco Energy Corporation
()
Overview
Company Summary
Mexco Energy Corporation (MXC) is an independent oil and gas exploration and production company. They are primarily engaged in the acquisition, development, and production of oil and natural gas properties, primarily in the United States.
MXC focuses on the identification and evaluation of oil and gas properties, with an emphasis on properties with high potential for long-term production. They actively explore and develop these properties, employing various drilling and completion techniques to extract hydrocarbons effectively.
The company's operations involve both conventional and unconventional resources. Conventional resources include reservoirs that are easily accessible and have a long history of production, while unconventional resources refer to unconventional reservoirs like shale gas or tight oil, which require specialized drilling techniques.
MXC's strategy also involves acquiring properties through lease agreements, participation agreements, or asset exchanges with other oil and gas exploration companies. Additionally, they may also participate in joint ventures with other companies to share the risk and costs associated with exploration and development activities.
As an exploration and production company, MXC aims to maximize the value of its oil and gas assets by optimizing production, controlling costs, and effectively managing their portfolio of properties. They generate revenue primarily through the sale of produced oil and natural gas, allowing them to reinvest in further exploration and development activities.
Overall, Mexco Energy Corporation operates within the energy sector, exploiting oil and gas reserves to provide energy resources to meet the growing demand in the market.