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Subsequent Events
3 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events

11.  Subsequent Events

 

On August 13, 2013, Mexco entered into an agreement with Pioneer Natural Resources Company for the assignment of a three year term leasehold interest in 417.33 net acres (837.33 gross acres) in Upton County, Texas at $1,500 per acre totaling $625,995.  Mexco retained a 1% royalty.  This interest has potential for oil production from the Horizontal Wolfcamp trend of the Permian Basin in West Texas.