secwatch.observer — SEC 8-K summary
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Issuer:     MEXCO ENERGY CORP (MXC)
CIK:        0000066418
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001493152-23-039932
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mexco Energy 6M net income down 71% to $735K; drilling 40 wells at $1.7M
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- Net income for 6M ending Sep 30, 2023: $735,047 ($0.34/diluted), down 71% YoY.
- Operating revenues $3.155M, down 34% on 26% lower oil and 68% lower nat gas price.
- Q2 net income $269,433 ($0.12/diluted) vs $1.212M ($0.55) in prior-year quarter.
- Participating in ~40 horizontal wells at est. cost $1.7M; 26 drilled in Delaware Basin, 21 DUCs completed.
- $2.5M cash, no debt; 14 wells began Oct 2023 with avg rate 1,701 BOE/well/day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66418/000149315223039932/0001493152-23-039932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66418/000149315223039932/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039932

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