Business UpdateJun 29, 2026, 06:17 AM
Mexco Energy 2026 Proved Reserves 1.437 MMBOE; Oil Prod. 82,133 Bbls
AI Summary
Mexco Energy Corporation reported estimated proved reserves of 1.437 million barrels of oil equivalent (MMBOE) as of March 31, 2026, with an estimated present value of approximately $21 million. For fiscal 2026, the company produced 82,133 barrels of oil and 681,794 Mcf of natural gas. Mexco's operations are primarily centered in the Permian Basin, which contributes 75% of its discounted future net cash flows. The company's strategy for fiscal 2027 focuses on optimizing cash flows, divesting non-core assets, and balancing capital spending amidst a volatile commodity price environment.
Key Highlights
- Estimated proved reserves at March 31, 2026, were 1.437 MMBOE (46% oil, 54% natural gas).
- Estimated present value of proved reserves was approximately $21 million.
- Fiscal 2026 oil production was 82,133 barrels.
- Fiscal 2026 natural gas production was 681,794 Mcf.
- Permian Basin accounts for 75% of discounted future net cash flows from proved reserves.
- Oil contributed approximately 81% of oil and natural gas sales in fiscal 2026.
- Royalty interests accounted for 49% of total operating revenues in fiscal 2026.
- Nicholas C. Taylor beneficially owns approximately 46% of outstanding common stock.
Price Impact
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