$MXC
MEXCO ENERGY CORP Stock $mxc

$mxc Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-K Financial Statement

#000149315223022509 Filed on June 26, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2023
Revenue	$1.748M	$2.201M	$9.557M
YoY Change	-28.64%	1.22%	45.08%
Cost Of Revenue	$349.4K	$411.6K	$1.720M
YoY Change	-19.68%	9.04%	34.24%
Gross Profit	$1.399M	$1.790M	$7.838M
YoY Change	-30.57%	-0.42%	47.69%
Gross Profit Margin	80.02%	81.3%	82.01%
Selling, General & Admin	$341.0K	$244.0K	$1.121M
YoY Change	7.04%	-4.88%	6.59%
% of Gross Profit	24.37%	13.63%	14.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$486.2K	$586.0K	$1.854M
YoY Change	25.59%	9.94%	37.8%
% of Gross Profit	34.75%	32.74%	23.66%
Operating Expenses	$1.184M	$837.6K	$4.725M
YoY Change	3.11%	5.17%	94.81%
Operating Profit	$564.5K	$952.1K	$4.832M
YoY Change	-56.64%	-4.87%	67.72%
Interest Expense	$1.081K	$4.680K	$13.10K
YoY Change	-65.47%	-260.27%	-150.05%
% of Operating Profit	0.19%	0.49%	0.27%
Other Income/Expense, Net	$22.61K		-$5.088K
YoY Change	-830.43%		-80.56%
Pretax Income	$587.1K	$956.8K	$4.827M
YoY Change	-54.79%	-4.12%	69.08%
Income Tax	$121.5K	$49.27K	$164.5K
% Of Pretax Income	20.69%	5.15%	3.41%
Net Earnings	$465.6K	$907.5K	$4.663M
YoY Change	-64.15%	-9.06%	63.31%
Net Earnings / Revenue	26.63%	41.23%	48.79%
Basic Earnings Per Share	$0.22		$2.17
Diluted Earnings Per Share	$0.21	$0.41	$2.11
COMMON SHARES
Basic Shares Outstanding	2.137M shares	2.142M shares	2.146M shares
Diluted Shares Outstanding	2.183M shares		2.209M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.376M	$2.236M	$2.236M
YoY Change	528.77%	63.1%	63.1%
Cash & Equivalents	$3.376M	$2.236M	$2.236M
Short-Term Investments
Other Short-Term Assets	$77.50K	$124.5K	$124.5K
YoY Change	101.98%	136.42%	136.42%
Inventory
Prepaid Expenses	$43.97K	$56.50K
Receivables	$10.72K	$7.031K	$1.374M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.358M	$3.734M	$3.734M
YoY Change	106.76%	36.6%	36.6%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.07M	$13.30M	$13.37M
YoY Change	8.52%	31.24%	30.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$700.0K	$700.0K	$700.0K
YoY Change	133.33%	154.55%	154.55%
Other Assets	$11.83K	$12.16K	$12.16K
YoY Change	-89.63%	-7.6%	-7.6%
Total Long-Term Assets	$13.84M	$14.09M	$14.09M
YoY Change	10.09%	33.51%	33.51%
TOTAL ASSETS
Total Short-Term Assets	$4.358M	$3.734M	$3.734M
Total Long-Term Assets	$13.84M	$14.09M	$14.09M
Total Assets	$18.20M	$17.82M	$17.82M
YoY Change	23.97%	34.14%	34.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$210.3K	$201.9K	$201.9K
YoY Change	-25.93%	-3.61%	-3.61%
Accrued Expenses	$56.90K	$56.37K	$56.37K
YoY Change	3.81%	3.83%	3.83%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$267.2K	$258.3K	$258.3K
YoY Change	-21.12%	-2.09%	-2.09%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00		$0.00
YoY Change
Other Long-Term Liabilities	$702.5K	$729.5K	$729.5K
YoY Change	-11.52%	-8.37%	-8.37%
Total Long-Term Liabilities	$791.1K	$729.5K	$729.5K
YoY Change	-0.35%	-8.37%	-8.37%
TOTAL LIABILITIES
Total Short-Term Liabilities	$267.2K	$258.3K	$258.3K
Total Long-Term Liabilities	$791.1K	$729.5K	$729.5K
Total Liabilities	$1.058M	$987.8K	$987.8K
YoY Change	-6.56%	-6.8%	-6.8%
SHAREHOLDERS EQUITY
Retained Earnings	$8.243M	$7.991M
YoY Change	78.15%	140.09%
Common Stock	$1.111M	$1.111M
YoY Change	0.25%	0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$590.5K	$590.5K
YoY Change	70.66%	70.66%
Treasury Stock Shares
Shareholders Equity	$17.14M	$16.83M	$16.83M
YoY Change
Total Liabilities & Shareholders Equity	$18.20M	$17.82M	$17.82M
YoY Change	23.97%	34.14%	34.14%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2023
OPERATING ACTIVITIES
Net Income	$465.6K	$907.5K	$4.663M
YoY Change	-64.15%	-9.06%	63.31%
Depreciation, Depletion And Amortization	$486.2K	$586.0K	$1.854M
YoY Change	25.59%	9.94%	37.8%
Cash From Operating Activities	$1.616M	$2.165M	$6.516M
YoY Change	8.06%	113.13%	74.02%
INVESTING ACTIVITIES
Capital Expenditures	$542.8K	$549.2K	$5.312M
YoY Change	-123.37%	-181.35%	-381.24%
Acquisitions
YoY Change
Other Investing Activities	$278.8K	$77.35K	-$129.3K
YoY Change	-4279.16%	-690.46%	-172.38%
Cash From Investing Activities	-$264.1K	-$471.8K	-$5.441M
YoY Change	-88.66%	-31.44%	218.19%
FINANCING ACTIVITIES
Cash Dividend Paid	$213.6K
YoY Change
Common Stock Issuance & Retirement, Net			$214.3K
YoY Change
Debt Paid & Issued, Net			$675.0K
YoY Change			-53.61%
Cash From Financing Activities	-$211.4K	-88.44K	-$209.8K
YoY Change		-154.28%	-70.92%
NET CHANGE
Cash From Operating Activities	$1.616M	2.165M	$6.516M
Cash From Investing Activities	-$264.1K	-471.8K	-$5.441M
Cash From Financing Activities	-$211.4K	-88.44K	-$209.8K
Net Change In Cash	$1.141M	1.605M	$865.0K
YoY Change	-236.82%	227.11%	-34.12%
FREE CASH FLOW
Cash From Operating Activities	$1.616M	$2.165M	$6.516M
Capital Expenditures	$542.8K	$549.2K	$5.312M
Free Cash Flow	$1.073M	$1.616M	$1.204M
YoY Change	-71.89%	-4.44%	-78.62%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
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CY2022Q1	MXC	Prepaid Drilling Current PrepaidDrillingCurrent		usd
CY2023Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent		usd
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CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue		usd
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CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts		usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock		usd
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CY2023	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties		usd
CY2022	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties		usd
CY2023	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts		usd
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CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate		pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0092	pure
CY2023Q1	MXC	Operating Lease Amendment OperatingLeaseAmendment		usd
CY2023	MXC	Proved Undeveloped Reserve Sales Of Reserves ProvedUndevelopedReserveSalesOfReserves		boe
CY2023	MXC	Sales Of Reserves Future Development Costs SalesOfReservesFutureDevelopmentCosts		usd
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	1-31785
CY2023	dei	Entity Registrant Name EntityRegistrantName	MEXCO ENERGY CORPORATION
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	CO
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	84-0627918
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	415 W. Wall
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 475
CY2023	dei	City Area Code CityAreaCode	(432)
CY2023	dei	Local Phone Number LocalPhoneNumber	682-1119
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Midland
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	79701
CY2023	dei	Security12g Title Security12gTitle	Common Stock, par value $0.50 per share
CY2023	dei	Trading Symbol TradingSymbol	MXC
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
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CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2022Q3	dei	Entity Public Float EntityPublicFloat	18892271	usd
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	2136500	shares
CY2023	dei	Auditor Name AuditorName	WEAVER AND TIDWELL, L.L.P.
CY2023	dei	Auditor Firm AuditorFirmId	410
CY2023	dei	Auditor Location AuditorLocation	Midland, Texas
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2235771	usd
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1370766	usd
CY2023Q1	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	1366784	usd
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CY2022Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	52636	usd
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CY2022Q1	us-gaap	Assets Current AssetsCurrent	2733539	usd
CY2023Q1	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	45391634	usd
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CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.17
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.36
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CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2146491	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2104896	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2208663	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2158091	shares
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	8823407	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	2855066	usd
CY2022	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	458570	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	87573	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	12224616	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	4662702	usd
CY2023	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	16700	usd
CY2023	MXC	Adjustments To Additional Paid In Capital Profit From Purchase Of Stock By Insider AdjustmentsToAdditionalPaidInCapitalProfitFromPurchaseOfStockByInsider	30179	usd
CY2023	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	244494	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	142783	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	16832487	usd
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2216416	shares
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2143666	shares
CY2023	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	5000	shares
CY2022	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	72750	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2221416	shares
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2216416	shares
CY2022Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	67000	shares
CY2021Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	67000	shares
CY2023	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	18416	shares
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	85416	shares
CY2022Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	67000	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2136000	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2149416	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	4662702	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	2855066	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	142783	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	87573	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1854047	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1345435	usd
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	30532	usd
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	28560	usd
CY2023	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	12570	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	12526	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	63678	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	658351	usd
CY2023	MXC	Increase Decrease In Rightof Use Asset IncreaseDecreaseInRightofUseAsset	-54294	usd
CY2022	MXC	Increase Decrease In Rightof Use Asset IncreaseDecreaseInRightofUseAsset	109062	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	8866	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	4740	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-33475	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	95140	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-54294	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	107959	usd
CY2023	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-80720	usd
CY2022	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-15699	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6515895	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3744407	usd
CY2023	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	5310036	usd
CY2022	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	1888695	usd
CY2023	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	1718	usd
CY2023	MXC	Proceeds From Drilling Refunds ProceedsFromDrillingRefunds	295679	usd
CY2022	MXC	Proceeds From Drilling Refunds ProceedsFromDrillingRefunds	241702	usd
CY2023	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	425000	usd
CY2022	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	75000	usd
CY2022	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	11969	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5441075	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1710024	usd
CY2023	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	16700	usd
CY2022	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	458570	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	30179	usd
CY2023	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	675000	usd
CY2022	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	275000	usd
CY2023	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	12200	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	244494	usd
CY2023	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	675000	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1455000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-209815	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-721430	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	865005	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1312953	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1370766	usd
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	57813	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2235771	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1370766	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	528	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	14834	usd
CY2023	MXC	Accrued Capital Expenditures Included In Accounts Payable AccruedCapitalExpendituresIncludedInAccountsPayable	28186	usd
CY2022	MXC	Accrued Capital Expenditures Included In Accounts Payable AccruedCapitalExpendituresIncludedInAccountsPayable	2280	usd
CY2023	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	23492	usd
CY2022	us-gaap	Settlement Of Asset Retirement Obligations Through Noncash Payments Amount SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount	14333	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	165007	usd
CY2023Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3578	usd
CY2022Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	753490	usd
CY2023Q1	MXC	Operating Loss Carryforwards With No Expiration OperatingLossCarryforwardsWithNoExpiration	6500000	usd
CY2023	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_80F_eus-gaap--NatureOfOperations_zggMw3v653E6" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. <span id="xdx_82F_zeYU3VuosSY9">Nature of Operations</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mexco Energy Corporation (a Colorado corporation) and its wholly owned subsidiaries, Forman Energy Corporation (a New York corporation), Southwest Texas Disposal Corporation (a Texas corporation) and TBO Oil & Gas, LLC (a Texas limited liability company) (collectively, the “Company”) are engaged in the acquisition, exploration, development and production of crude oil, natural gas, condensate and natural gas liquids (“NGLs”). Most of the Company’s oil and gas interests are centered in West Texas and Southeastern New Mexico; however, the Company owns producing properties and undeveloped acreage in fourteen states. All of the Company’s oil and gas interests are operated by others.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84C_eus-gaap--UseOfEstimates_zd8rlGyuYUZh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zymJlQHn70eg">Estimates and Assumptions</span></b>. In preparing financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”), management is required to make informed judgments, estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and affect the reported amounts of revenues and expenses during the reporting period. In addition, significant estimates are used in determining proved oil and gas reserves. Although management believes its estimates and assumptions are reasonable, actual results may differ materially from those estimates. The estimate of the Company’s oil and natural gas reserves, which is used to compute depreciation, depletion, amortization and impairment of oil and gas properties, is the most significant of the estimates and assumptions that affect these reported results.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	usd
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	usd
CY2023Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	3200000	usd
CY2023	us-gaap	Operating Loss Carryforwards Limitations On Use OperatingLossCarryforwardsLimitationsOnUse	expiring in 2036
CY2023	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2022	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	979167	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	599564	usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense Depletion IncomeTaxReconciliationNondeductibleExpenseDepletion	-257509	usd
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense Depletion IncomeTaxReconciliationNondeductibleExpenseDepletion	14730	usd
CY2023	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_846_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zZwqZnfe1yhl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_ze5BwiKMIArc">Reclassifications</span>. </b>Certain amounts in prior periods’ consolidated financial statements have been reclassified to conform with the current period’s presentation. These reclassifications had no effect on previously reported results of operations, retained earnings or net cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2023	MXC	Cost Method Investments Percentage Description CostMethodInvestmentsPercentageDescription	The Company accounts for investments of less than 3% in limited liability companies at cost
CY2021Q1	us-gaap	Line Of Credit LineOfCredit	1180000	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	275000	usd
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1455000	usd
CY2023	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	675000	usd
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	675000	usd
CY2023	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-749912	usd
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-504911	usd
CY2023	MXC	Income Tax Reconciliation Income Tax Rate Permanent Differences IncomeTaxReconciliationIncomeTaxRatePermanentDifferences	28196	usd
CY2022	MXC	Income Tax Reconciliation Income Tax Rate Permanent Differences IncomeTaxReconciliationIncomeTaxRatePermanentDifferences	-97349	usd
CY2023	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	164510	usd
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	102356	usd
CY2023	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	58	usd
CY2022	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-12034	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	164510	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	102356	usd
CY2022Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	735512	usd
CY2021Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	728797	usd
CY2023	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	23492	usd
CY2022	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	14333	usd
CY2023	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	59260	usd
CY2022	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	36178	usd
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	30532	usd
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	28560	usd
CY2023Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	730276	usd
CY2022Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	735512	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	20000	usd
CY2022Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	15000	usd
CY2023Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	710276	usd
CY2022Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	720512	usd
CY2022Q3	us-gaap	Income Tax Examination Description IncomeTaxExaminationDescription	The IRA 2022, among other tax provisions, imposes a 15% corporate alternative minimum tax based on financial statement income, effective for tax years beginning after December 31, 2022. The IRA 2022 also establishes a 1% excise tax on stock repurchases made by publicly traded U.S. corporations, effective for stock repurchases after December 31, 2022
CY2023Q1	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	1375131	usd
CY2022Q1	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	1117622	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	22041	usd
CY2022Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	30094	usd
CY2023Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations	153358	usd
CY2022Q1	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations	154458	usd
CY2023Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	665386	usd
CY2022Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1132918	usd
CY2023Q1	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	11642	usd
CY2022Q1	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	10263	usd
CY2023Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	2227558	usd
CY2022Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	2445355	usd
CY2023Q1	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	2223980	usd
CY2022Q1	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	1691865	usd
CY2023Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3578	usd
CY2022Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	753490	usd
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	3.4	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	3.5	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2022Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2023Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3578	usd
CY2023Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3578	usd
CY2023	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	1053442	usd
CY2022	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	560893	usd
CY2023	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	4282499	usd
CY2022	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	1325560	usd
CY2023	us-gaap	Costs Incurred Asset Retirement Obligation Incurred CostsIncurredAssetRetirementObligationIncurred	23492	usd
CY2022	us-gaap	Costs Incurred Asset Retirement Obligation Incurred CostsIncurredAssetRetirementObligationIncurred	14333	usd
CY2023	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	5359433	usd
CY2022	us-gaap	Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities	1900786	usd
CY2023Q1	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	45391634	usd
CY2022Q1	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	40373741	usd
CY2023Q1	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	45391634	usd
CY2022Q1	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	40373741	usd
CY2023Q1	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	32099439	usd
CY2022Q1	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	30248651	usd
CY2023Q1	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	13292195	usd
CY2022Q1	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	10125090	usd
CY2023Q1	MXC	Depreciation Depletion And Amortization Barrel Of Oil Equivalent DepreciationDepletionAndAmortizationBarrelOfOilEquivalent	14.56
CY2022Q1	MXC	Depreciation Depletion And Amortization Barrel Of Oil Equivalent DepreciationDepletionAndAmortizationBarrelOfOilEquivalent	10.57
CY2023	us-gaap	Net Income Loss NetIncomeLoss	4662702	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	2855066	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2146491	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2104896	shares
CY2023	us-gaap	Incremental Common Shares Attributable To Written Put Options IncrementalCommonSharesAttributableToWrittenPutOptions	62172	shares
CY2022	us-gaap	Incremental Common Shares Attributable To Written Put Options IncrementalCommonSharesAttributableToWrittenPutOptions	53195	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2208663	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2158091	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.17
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.36
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.11
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.32
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	31000	shares
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount	18.05
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	31000	shares
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount	8.51
CY2023Q1	us-gaap	Share Price SharePrice	13.28
CY2022	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2022Q3	MXC	Excise Tax Percentage ExciseTaxPercentage	0.01	pure
CY2022Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1000000	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	32000	shares
CY2023Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	498285	usd
CY2023	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y7M17D
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	12.44
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	6.05
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.573	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.6538	pure
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0315	pure
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y3M
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y3M
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	1000	shares
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	0	shares
CY2023	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	5000	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	47575	usd
CY2023	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	16700	usd
CY2022	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	72750	shares
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	588889	usd
CY2022	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	458570	usd
CY2023Q2	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	500	shares
CY2023Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2962	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	12.44
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	6.05
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	102348	usd
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	55460	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	47575	usd
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	588889	usd
CY2023	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit	3.34
CY2023	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit	18.05
CY2023Q1	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions	139250	shares
CY2023Q1	us-gaap	Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1 SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1	8.36
CY2023	us-gaap	Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2 SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2	P7Y14D
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	419853	usd
CY2023	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit	3.34
CY2023	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit	18.05
CY2023	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	15572	usd
CY2022	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	15775	usd
CY2023Q1	us-gaap	Area Of Land AreaOfLand	4160	sqft
CY2023Q1	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P36M
CY2020Q2	us-gaap	Lessee Operating Lease Option To Extend LesseeOperatingLeaseOptionToExtend	In June 2020, in exchange for a reduction in rent for the months of June and July 2020, the Company agreed to a 2-month extension to its current lease agreement at the regular monthly rate extending its current lease expiration date to July 2021
CY2021Q2	us-gaap	Lessee Operating Lease Option To Extend LesseeOperatingLeaseOptionToExtend	In June 2021, the Company agreed to extend its current lease at a flat (unescalated) rate for 36 months. The amended lease now expires on July 31, 2024
CY2021Q2	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P36M
CY2021Q2	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2024-07-31
CY2023Q1	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.0375	pure
CY2023Q1	MXC	Operating Lease Rightofuse Asset Gross OperatingLeaseRightofuseAssetGross	129923	usd
CY2023Q1	MXC	Operating Lease Amortization OperatingLeaseAmortization	54294	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	75629	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	56366	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	19263	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	75629	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	58240	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	19413	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	77653	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	2024	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	75629	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	56366	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	19263	usd
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	42668	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	42237	usd
CY2023	us-gaap	Sublease Income SubleaseIncome	15572	usd
CY2022	us-gaap	Sublease Income SubleaseIncome	18555	usd
CY2023Q1	MXC	Barrels Of Oil Equivalent BarrelsOfOilEquivalent	1.552	boe
CY2023Q1	MXC	Percentage Of Estimated Proved Reserves Of Oil And Natural Gas Liquids PercentageOfEstimatedProvedReservesOfOilAndNaturalGasLiquids	0.47	pure
CY2023Q1	MXC	Percentage Of Estimated Proved Reserves Of Natural Gas PercentageOfEstimatedProvedReservesOfNaturalGas	0.53	pure
CY2023	MXC	Description On Proved Un Developed Oil And Gas Reserves DescriptionOnProvedUnDevelopedOilAndGasReserves	the Company reported estimated PUDs of 403 MBOE, which accounted for 26% of its total estimated proved oil and gas reserves
CY2023Q1	MXC	Estimated Proved Oil And Gas Reserves Rate EstimatedProvedOilAndGasReservesRate	0.26	pure
CY2023	MXC	Proved Undeveloped Reserve Beginning ProvedUndevelopedReserveBeginning	590259	boe
CY2022Q1	MXC	Proved Undeveloped Reserves Future Development Costs ProvedUndevelopedReservesFutureDevelopmentCosts	6512956	usd
CY2023	MXC	Proved Undeveloped Reserve Revision Of Previous Estimates ProvedUndevelopedReserveRevisionOfPreviousEstimates	-89073	boe
CY2023	MXC	Revision Of Previous Estimates Future Development Costs RevisionOfPreviousEstimatesFutureDevelopmentCosts	10017	usd
CY2023	MXC	Proved Undeveloped Reserve Conversions To Proved Developed Reserves ProvedUndevelopedReserveConversionsToProvedDevelopedReserves	-186360	boe
CY2023	MXC	Conversions To Proved Developed Reserves Future Development Costs ConversionsToProvedDevelopedReservesFutureDevelopmentCosts	-3612315	usd
CY2023	MXC	Additional Proved Undeveloped Reserve Added AdditionalProvedUndevelopedReserveAdded	88239	boe
CY2023	MXC	Additional Puds Added Future Development Costs AdditionalPudsAddedFutureDevelopmentCosts	926882	usd
CY2023	MXC	Proved Undeveloped Reserves End Of Year ProvedUndevelopedReservesEndOfYear	403065	boe
CY2023Q1	MXC	Proved Undeveloped Reserves Future Development Costs ProvedUndevelopedReservesFutureDevelopmentCosts	3837540	usd
CY2022Q1	MXC	Estimated Future Cash Flows Discounted Rate EstimatedFutureCashFlowsDiscountedRate	0.10	pure
CY2023	MXC	Average Price Used Per Bbl AveragePriceUsedPerBbl	92.02
CY2023	MXC	Average Prices Used Per Mcf AveragePricesUsedPerMcf	5.68
CY2022	MXC	Average Price Used Per Bbl AveragePriceUsedPerBbl	74.52
CY2022	MXC	Average Prices Used Per Mcf AveragePricesUsedPerMcf	4.60
CY2023Q1	MXC	Estimated Future Cash Flows Discounted Rate EstimatedFutureCashFlowsDiscountedRate	0.10	pure
CY2023Q1	MXC	Estimated Future Cash Flows Discounted Rate EstimatedFutureCashFlowsDiscountedRate	0.10	pure
CY2022Q1	MXC	Estimated Future Cash Flows Discounted Rate EstimatedFutureCashFlowsDiscountedRate	0.10	pure
CY2023Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	94972000	usd
CY2022Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	82596000	usd
CY2023Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	23800000	usd
CY2022Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts	21351000	usd
CY2023Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	4280000	usd
CY2022Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts	6839000	usd
CY2023Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	11284000	usd
CY2022Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	8586000	usd
CY2023Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	55608000	usd
CY2022Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	45820000	usd
CY2023Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	22793000	usd
CY2022Q1	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	19900000	usd
CY2023Q1	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	32815000	usd
CY2022Q1	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	25920000	usd
CY2023	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	-7661000	usd
CY2022	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	-5244000	usd
CY2023	srt	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	8937000	usd
CY2022	srt	Net Increase Decrease In Sales And Transfer Prices And Production Costs NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts	-16829000	usd
CY2023	srt	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	413000	usd
CY2022	srt	Increase Decrease In Estimated Future Development Costs IncreaseDecreaseInEstimatedFutureDevelopmentCosts	-159000	usd
CY2023	srt	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-4313000	usd
CY2022	srt	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-2594000	usd
CY2023	MXC	Increase Decrease Due To Purchases And Sales Of Minerals In Place IncreaseDecreaseDueToPurchasesAndSalesOfMineralsInPlace	2030000	usd
CY2022	MXC	Increase Decrease Due To Purchases And Sales Of Minerals In Place IncreaseDecreaseDueToPurchasesAndSalesOfMineralsInPlace	568000	usd
CY2023	srt	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	3277000	usd
CY2022	srt	Extensions Discoveries Additions And Improved Recovery Less Related Costs ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts	5105000	usd
CY2023	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	-1801000	usd
CY2022	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	-3861000	usd
CY2023	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	3947000	usd
CY2022	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	3078000	usd
CY2023	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	2066000	usd
CY2022	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-565000	usd
CY2023	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease	6895000	usd
CY2022	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease	13157000	usd
CY2022Q1	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	25920000	usd
CY2021Q1	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	12763000	usd
CY2023Q1	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	32815000	usd
CY2022Q1	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	25920000	usd

Files In Submission

Name	View Source	Status
0001493152-23-022509-index-headers.html	Edgar Link	pending
0001493152-23-022509-index.html	Edgar Link	pending
0001493152-23-022509.txt	Edgar Link	pending
0001493152-23-022509-xbrl.zip	Edgar Link	pending
ex10-5.htm	Edgar Link	pending
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ex31-1.htm	Edgar Link	pending
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ex99-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-k.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mxc-20230331.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
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mxc-20230331_def.xml	Edgar Link	unprocessable
mxc-20230331_lab.xml	Edgar Link	unprocessable
form10-k_htm.xml	Edgar Link	completed
R37.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
mxc-20230331_cal.xml	Edgar Link	unprocessable
mxc-20230331_pre.xml	Edgar Link	unprocessable

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$MXC
MEXCO ENERGY CORP Stock $mxc

2023 Q2 Form 10-K Financial Statement

#000149315223022509 Filed on June 26, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MXC MEXCO ENERGY CORP Stock $mxc

2023 Q2 Form 10-K Financial Statement

#000149315223022509 Filed on June 26, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MXC
MEXCO ENERGY CORP Stock $mxc