0001398344-14-001211.txt : 20140227 0001398344-14-001211.hdr.sgml : 20140227 20140227110248 ACCESSION NUMBER: 0001398344-14-001211 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140227 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140227 DATE AS OF CHANGE: 20140227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEXCO ENERGY CORP CENTRAL INDEX KEY: 0000066418 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 840627918 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31785 FILM NUMBER: 14647278 BUSINESS ADDRESS: STREET 1: 214 W TEXAS AVENUE STREET 2: SUITE 1101 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 9156821119 MAIL ADDRESS: STREET 1: 214 W TEXAS AVENUE STREET 2: SUITE 1101 CITY: MIDLAND STATE: TX ZIP: 79701 FORMER COMPANY: FORMER CONFORMED NAME: MILLER OIL CO DATE OF NAME CHANGE: 19800702 8-K 1 fp0009750_8k.htm fp0009750_8k.htm
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report:  February 27, 2014
(Date of earliest event reported)
 
Mexco Energy Corporation
(Exact name of registrant as specified in its charter)
 
CO
(State or other jurisdiction of incorporation)
0-6694
(Commission File Number)
84-0627918
(IRS Employer Identification Number)

214 W. Texas Avenue,
Suite 1101
Midland, TX
(Address of principal executive offices)
79701
(Zip Code)
 
Registrant's telephone number, including area code: 432-682-1119

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.13e-4(c))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

Item 8.01
Other Events

Additional Property Development

On February 27, 2014, Mexco Energy Corporation issued a news release to announce plans for drilling properties.

Copy of the news release is filed as Exhibit 99.1.

Item 9.01
Financial Statements and Exhibits
 
(d)
Exhibits
  
     
 
Exhibit No.
Document
 
99.1
News Release dated February 27, 2014.

 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
MEXCO ENERGY CORPORATION
  
Date:  February 27, 2014
      
 
By:  
 /s/ Tammy McComic  
   
Tammy McComic
  
   
President and Chief Financial Officer
  
EX-99.1 2 fp0009750_ex991.htm fp0009750_ex991.htm
 
EXHIBIT 99.1

February 27, 2014

FOR IMMEDIATE RELEASE

MEXCO ENERGY CORPORATION ANNOUNCES PLANS FOR DRILLING PROPERTIES

MIDLAND, TEXAS, February 27, 2014 – Mexco Energy Corporation (NYSE MKT:MXC) today announced plans to drill certain oil and gas properties in the Permian Basin of West Texas.

Mexco Energy Corporation (“Mexco”) will participate as a working interest owner in a joint venture for seven horizontal wells developing the Wolfcamp formation on a 1,125 acre property in Reagan County, Texas.  These wells are to be drilled during 2014 using horizontal drilling and multi-stage fracture stimulation.  Mexco’s estimated costs in this development for its approximately 0.57% working interest (0.49% net revenue interest) are $350,000.

The Wolfcamp formation in this area is approximately 1,700 feet thick section consisting of interbedded organic shales and carbonates.  The Wolfcamp formation in this area includes two reservoir units, the “A” and “B” benches that have both been successfully developed with horizontal wells.  Typically, offset drilling units have been developed with 1.5 mile laterals at 1,300 feet well spacing in each bench.  The completion programs for the proposed wells are designed with 50 fracture stages at a total measured depth of 15,000 feet including the horizontal portion.

In this area, Mexco has various interests in 6 horizontal wells and 276 vertical wells in adjacent Reagan and Upton Counties, Texas.  Mexco’s net revenue interests in these wells range from .013% to 1.558% where there is potential for further horizontal development.
 
Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties.  For more information on Mexco Energy Corporation, go to www.mexcoenergy.com.

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company's actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherit risks associated with oil and gas production.  A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Form 10-K for the fiscal year ended March 31, 2013.  Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.

For additional information, please contact:  Nicholas C. Taylor, Chairman and Chief Executive Officer or Tammy L. McComic, President and Chief Financial Officer, both of Mexco Energy Corporation, (432) 682-1119.