0001398344-15-002734.txt : 20150429 0001398344-15-002734.hdr.sgml : 20150429 20150428175117 ACCESSION NUMBER: 0001398344-15-002734 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150428 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150429 DATE AS OF CHANGE: 20150428 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: 15801401 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 fp0014174_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: April 28, 2015
(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

On April 28, 2015, Mexco Energy Corporation issued a news release to announce further development of properties.

Copy of the news release is filed as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d)            Exhibits

Exhibit
    
Number
Document
  
     
99.1
News release dated April 28, 2015.
  
     

SIGNATURES
 
Pursuant to the requirements of the Securities and 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
 
Dated: April 28, 2015
 By:
/s/ Tammy McComic
 
 
Tammy McComic
   
President and Chief Financial Officer
EX-99.1 2 fp0014174_ex991.htm
 
EXHIBIT 99.1

April 28, 2015

FOR IMMEDIATE RELEASE

MEXCO ENERGY CORPORATION ANNOUNCES DEVELOPMENT OF PROPERTIES

MIDLAND, TEXAS, April 28, 2015 – Mexco Energy Corporation (NYSE MKT:MXC) today announced production results of two new wells in the Two Georges (Bone Spring) formation in Loving County, Texas. The first of these horizontal wells, operated by Energen Resources Corporation, produced at an average rate of approximately 266 barrels of oil and 919,000 cubic feet of natural gas per day, during the month of February 2015. The second of these two wells had an initial potential test over 24 hours of 296 barrels of oil 894,000 cubic feet of gas with flowing tubing pressure of 3,050 pounds per square inch. The results are not necessarily indicative of future rates of production or reserves. These two wells are the second and third of three. Mexco’s ownership in these two wells is approximately a 1.12% royalty interest (expense free).

Also, Mexco announced the addition of interests in two recently drilled and completed oil wells. A third well is in the process of being completed. These two new wells initially produced respectively at rates of 51 and 49 barrels of oil per day in which Mexco owns a 12.5% (approximately 10% net revenue interest) non-operated working interests. Now eight wells are producing on 20-acre spacing with one additional proven undeveloped location at approximately 3,600 foot depth in the 190 acres in Pecos County, Texas.

A joint venture in which we are a working interest owner participated in two wells now respectively being completed in Wolfcamp A and B formations using horizontal drilling and multi-stage fracture stimulation on a 1,125-acre tract in Reagan County, Texas. Our share of these two wells is approximately 2.34% working interest.

The Company currently expects to participate in the drilling and completion of 15 horizontal and one vertical well at an estimated aggregate cost of approximately $722,000 for the fiscal year ended March 31, 2016. The operators of these wells include Apache Corporation, Bold Energy III, LLC, Concho Resources, Inc., Endurance Resources, LLC, QEP Resources, Inc. and XTO Energy, Inc.

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, 2014. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.

For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) 682-1119.