This is a result of a 42% increase in oil production, a 6% increase in gas production and a 14% increase in oil prices partially offset by a 38% decrease in gas prices. During the first nine months of fiscal 2020, Mexco participated with various percentage interests in the drilling and completion of 36 horizontal wells in the Delaware Basin located in the western portion of the Permian Basin in Lea and Eddy Counties, New Mexico with aggregate costs of approximately $850,000.
Anyone researching Mexco Energy Corporation (NYSEMKT:MXC) might want to consider the historical volatility of the...
Mexco Energy Corporation (NYSE American: MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission (“SEC”) for the fiscal year ended March 31, 2019. The Company reported a net loss of $12,946 or ($0.01) per diluted share, for fiscal year 2019, an improvement from a net loss of $321,489, or ($0.16) per diluted share, for fiscal 2018. Operating revenues in fiscal 2019 were $2,686,873, a decrease of 0.7% when compared to fiscal 2018 operating revenues of $2,705,235. This is the result of a 6% increase in oil prices and a 2% increase in oil production offset by a 9% decrease in natural gas prices and a 7% decrease in natural gas production.
While not a mind-blowing move, it is good to see that the Mexco Energy Corporation (NYSEMKT:MXC) share price has...
Mexco Energy Corporation (NYSE American: MXC) today reported a net loss of $82,787 for the quarter ending September 30, 2019, the Company’s second quarter of fiscal 2020. Despite a 19% increase in oil production with a 1% decrease in gas production, oil prices decreased 10% and gas prices decreased 54%. For the six months ended September 30, 2019, the Company reported a net loss of $136,973 compared to net income of $36,451 for the six months ended September 30, 2018.
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