Mexco Energy Corp. (NYSE: MXC) purchased all of the outstanding ownership interests of a limited liability company which owns non-operated working interests in over 200 wells producing primarily oil.
These properties are located in 16 counties of Texas, New Mexico and North Dakota.
The cash purchase price of $1.15 million was funded from the company's $4.9 million bank credit facility. This purchase is effective January 1, 2013.
Mexco Energy Corp. is an independent oil and gas company, located in Midland, Texas, engaged in the acquisition, exploration and development of oil ...