Mexco Energy Corporation

What Mexco Energy Corporation does

Mexco Energy Corporation is an independent, publicly owned oil and gas exploration and production company incorporated in Colorado in 1972 and headquartered in Midland, Texas (415 W. Wall, Suite 475). It conducts all drilling, exploration and production activities in the United States, primarily in the Permian Basin of West Texas, with revenues derived solely from domestic sales of produced oil and gas. The company focuses primarily on natural gas reserves and secondarily on oil reserves.

The company's core products and operations comprise four interlocking activities: (1) exploration and development of oil and gas properties, (2) acquisition of producing and non-producing leases from landowners and leaseholders in favorable exploration areas, (3) purchase of proved oil and gas properties including royalties and mineral interests with development potential, and (4) royalty acquisition services in which Mexco pays for independent engineering evaluations by registered professional petroleum engineers (using historical production data, decline rate analysis, and NYMEX futures pricing) and offers lump-sum cash payouts to interest owners. Operational technology centers on horizontal well participation, with plans to participate in 33 wells in fiscal 2027 at an estimated $1.8 million, down from 50 wells in fiscal 2026.

The business model is dual-sided. On the revenue side, Mexco sells produced oil and natural gas to domestic customers (refineries and midstream processors) under commodity transaction economics, augmented by opportunistic sales of acreage. On the asset-acquisition side, the company purchases royalty, mineral, and non-operated working interests for cash, providing sellers with immediate liquidity in exchange for ongoing producing or non-producing assets. Mexco is debt-free, holds a cash position, and maintains a small 1-10 employee footprint that manages a capital-light participation model with major operators (e.g., historical transactions referenced with Pioneer Natural Resources). Leadership continuity is anchored by long-tenured Chairman/CEO Nicholas C. Taylor (in role since 1983) and President/CFO Tamala L. McComic. Fiscal 2026 operating revenues of $6.56 million and net income of $1.31 million reflect the company's small scale relative to Permian peers.

Name

Mexco Energy Corporation

Legal name

Mexco Energy Corporation

Website

https://mexcoenergy.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

Mexco Energy Corporation is an independent, publicly traded (NYSE: MXC) oil and gas exploration and production company headquartered in Midland, Texas, focused on acquiring royalty, mineral, and non-operated working interests primarily in the Permian Basin of West Texas for natural gas and oil reserves.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Natural Gas Extraction (211130), Crude Petroleum Extraction (21112), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

akta.pro secondary industry

Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

Keywords

• Oil and gas exploration
• Natural gas production
• Mineral interest acquisition
• Royalty interest purchases
• Upstream energy operations

Headquarters

HQ city

Midland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Oil and Gas Production Sales: Revenue from exploration, development, and production of oil and gas properties in the Permian Basin. The company sells produced oil and natural gas to customers within the United States.
2. Royalty and Mineral Interest Acquisition: Mexco purchases proved oil and gas properties through acquisition of royalty, mineral and non-operated working interests. The company acquires producing and non-producing leases from landowners and leaseholders, adding to their asset base.
3. Property Sales: The company also sells oil and gas acreage as opportunities arise, as evidenced by historical SEC filings showing sales of acreage.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Mexco Energy Corporation is an independent oil and gas company engaged in acquiring, exploring, and developing oil and gas properties, with a primary focus on natural gas reserves and secondary focus on oil reserves. The company purchases proved oil and gas properties through royalty, mineral, and non-operated working interest acquisitions from landowners in the Permian Basin of West Texas, and produces and sells the extracted hydrocarbons to domestic customers.

Product overview

Mexco Energy Corporation is an independent, publicly owned oil and gas company (NYSE: MXC) offering a portfolio of services focused on the acquisition, exploration, and development of oil and gas properties primarily in the Permian Basin of West Texas. The company operates four core service offerings: (1) Oil and Gas Exploration Services for discovering and developing natural gas and oil reserves, (2) Oil and Gas Property Acquisition for purchasing producing and non-producing leases, (3) Proved Reserves Acquisition for acquiring proved properties with development potential including royalties and mineral interests, and (4) Oil and Gas Royalties Services including property evaluation, offer preparation, and due diligence for sellers of royalty, mineral, or working interests. All operations and revenues are derived from the United States, with no international exposure.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration and Development Independent exploration, development, and production of oil and gas reserves with a primary focus on natural gas and secondary focus on oil in the Permian Basin of West Texas. Produces hydrocarbons from acreage in which Mexco holds royalty, mineral, or non-operated working interests.
• Royalty, Mineral, and Working Interest Acquisitions Direct purchase of producing and non-producing oil and gas leases, royalties, mineral interests, and non-operated working interests from individual landowners, leaseholders, estates, and trusts in favorable exploration areas of the Permian Basin. Sellers receive lump-sum cash offers based on independent engineering valuations.
• Proved Reserves Acquisition Targeted acquisition of proved oil and gas properties, including royalties and mineral interests with development potential, to add to Mexco's reserves base and support participation in horizontal well development programs.
• Oil and Gas Property Evaluation and Offer Services Independent engineering and economic evaluation of prospective sellers' interests, including analysis of historical production data, decline rate calculation, future well performance forecasting, remaining reserves estimation, revenue prediction, asset retirement obligations, and NYMEX-based valuation, followed by a no-obligation cash offer to the property owner.

Quantifiable outcome

• 38+ years of property acquisition experience

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Civitas Resources: Civitas Resources (NYSE: CIVI) is an independent E&P with a meaningful Permian Basin position. Broad incumbent because its development activity in the Permian influences the volume of well-participation opportunities available to Mexco as a non-operated working interest owner.
• Pioneer Natural Resources: Pioneer Natural Resources (formerly NYSE: PXD, now part of ExxonMobil) is the largest Permian Basin operator and the historic counterparty in Mexco's 2013 acquisition activity with Pioneer. Broad incumbent as the dominant basin operator whose capex and drilling pace set the context for Mexco's non-operated working interests.
• Diamondback Energy: Diamondback Energy (NASDAQ: FANG) is a large independent operator concentrated in the Permian Basin. Broad incumbent because it is a major operator in Mexco's primary basin whose drilling and completion activity directly generates the well participations Mexco is investing in.
• Vital Energy: Vital Energy (NYSE: VTLE) is an independent operator focused on the Permian Basin, drilling and producing its own wells. Broad incumbent because it is one of the many Permian operators from whom Mexco acquires non-operated working interests, providing context on the basin Mexco operates in.

Direct peers

• Texas Pacific Land Corporation: Texas Pacific Land Corporation (NYSE: TPL) owns large surface, mineral, and royalty interests in Texas, including the Permian Basin, and generates oil and gas royalty income alongside land and water resources. Direct peer because it derives revenue from the same royalty and mineral assets Mexco acquires from landowners in West Texas.
• Kimbell Royalty Partners: Kimbell Royalty Partners (NYSE: KRP) is a publicly traded mineral and royalty interest company acquiring non-operated oil and gas interests, with meaningful Permian Basin exposure. Direct peer because it competes with Mexco for the same type of mineral, royalty, and non-operated working interest assets in the same basins.
• Infinity Natural Resources: Infinity Natural Resources is an independent oil and gas producer focused on the Marcellus and Utica shales with public disclosure referenced against Mexco's net margin (4.04% vs. Mexco's 18.73%). Included as a small-cap independent E&P comparable, though focused on Appalachian rather than Permian assets.
• Black Stone Minerals: Black Stone Minerals (NYSE: BSM) is one of the largest mineral and royalty owners in the US, with significant positions across conventional and unconventional plays. Direct peer because it acquires minerals, royalties, and non-operated working interests of the same type Mexco targets and serves similar sellers.
• Sitio Royalties Corp. Sitio Royalties (NYSE: STR) is a pure-play mineral and royalty interest company with positions across major US basins including the Permian. Direct peer because it competes for the same acquisition opportunities and operates on an identical non-operated, mineral/royalty business model.
• Dorchester Minerals: Dorchester Minerals (NASDAQ: DMLP) is a publicly traded partnership that owns royalty, net profits, and overriding royalty interests across Texas and other US basins. Direct peer because it is a long-standing small-cap mineral/royalty vehicle targeting the same assets and sellers as Mexco.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mexco-energy-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mexco Energy Corporation