2024 Q2 Form 10-K Financial Statement

#000149315224025472 Filed on June 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $1.728M $1.793M $6.605M
YoY Change -1.18% -18.53% -30.89%
Cost Of Revenue $437.4K $383.4K $1.526M
YoY Change 25.19% -6.86% -11.24%
Gross Profit $1.290M $1.410M $5.078M
YoY Change -7.76% -21.21% -35.2%
Gross Profit Margin 74.68% 78.62% 76.89%
Selling, General & Admin $367.1K $261.9K $1.244M
YoY Change 7.65% 7.35% 10.96%
% of Gross Profit 28.44% 18.57% 24.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $539.7K $701.0K $1.970M
YoY Change 11.01% 19.63% 6.24%
% of Gross Profit 41.82% 49.72% 38.79%
Operating Expenses $1.352M $970.7K $4.770M
YoY Change 14.19% 15.89% 0.94%
Operating Profit $376.0K $439.4K $1.835M
YoY Change -33.4% -53.85% -62.02%
Interest Expense $21.67K $46.48K $5.234K
YoY Change 1904.63% 893.16% -60.04%
% of Operating Profit 5.76% 10.58% 0.29%
Other Income/Expense, Net $21.66K $130.2K
YoY Change -4.21% -2659.79%
Pretax Income $397.6K $485.9K $1.965M
YoY Change -32.27% -49.22% -59.28%
Income Tax $106.6K $221.6K $620.5K
% Of Pretax Income 26.81% 45.6% 31.57%
Net Earnings $291.0K $264.3K $1.345M
YoY Change -37.49% -70.88% -71.16%
Net Earnings / Revenue 16.84% 14.74% 20.36%
Basic Earnings Per Share $0.14 $0.64
Diluted Earnings Per Share $0.14 $0.12 $0.62
COMMON SHARES
Basic Shares Outstanding 2.090M shares 2.098M shares 2.114M shares
Diluted Shares Outstanding 2.135M shares 2.161M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.515M $2.473M $2.473M
YoY Change -25.52% 10.63% 10.63%
Cash & Equivalents $2.515M $2.473M $2.473M
Short-Term Investments
Other Short-Term Assets $74.51K $204.9K $204.9K
YoY Change -3.86% 64.68% 64.68%
Inventory
Prepaid Expenses $51.45K $56.19K
Receivables $9.955K $9.186K $1.011M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.555M $3.689M $3.689M
YoY Change -18.42% -1.2% -1.2%
LONG-TERM ASSETS
Property, Plant & Equipment $14.33M $14.24M $14.26M
YoY Change 9.63% 7.09% 6.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.300M $1.100M $1.100M
YoY Change 85.71% 57.14% 57.14%
Other Assets $7.522K $8.597K $8.600K
YoY Change -36.39% -29.28% -29.28%
Total Long-Term Assets $15.80M $15.37M $15.37M
YoY Change 14.13% 9.11% 9.11%
TOTAL ASSETS
Total Short-Term Assets $3.555M $3.689M $3.689M
Total Long-Term Assets $15.80M $15.37M $15.37M
Total Assets $19.35M $19.06M $19.06M
YoY Change 6.34% 6.95% 6.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $266.5K $221.6K $221.6K
YoY Change 26.72% 9.76% 9.76%
Accrued Expenses $48.71K $19.26K $19.26K
YoY Change -14.39% -65.83% -65.83%
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 $516.4K $430.1K $430.1K
YoY Change 93.25% 66.54% 66.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $799.5K $688.8K $688.8K
YoY Change 13.81% -5.58% -5.58%
Total Long-Term Liabilities $1.186M $1.000M $688.8K
YoY Change 49.88% 37.14% -5.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $516.4K $430.1K $430.1K
Total Long-Term Liabilities $1.186M $1.000M $688.8K
Total Liabilities $1.702M $1.431M $1.431M
YoY Change 60.83% 44.83% 44.83%
SHAREHOLDERS EQUITY
Retained Earnings $9.205M $9.122M
YoY Change 11.66% 14.16%
Common Stock $1.120M $1.113M
YoY Change 0.78% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.364M $1.176M
YoY Change 131.02% 99.08%
Treasury Stock Shares
Shareholders Equity $17.65M $17.63M $17.63M
YoY Change
Total Liabilities & Shareholders Equity $19.35M $19.06M $19.06M
YoY Change 6.34% 6.95% 6.95%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $291.0K $264.3K $1.345M
YoY Change -37.49% -70.88% -71.16%
Depreciation, Depletion And Amortization $539.7K $701.0K $1.970M
YoY Change 11.01% 19.63% 6.24%
Cash From Operating Activities $1.079M $1.059M $4.434M
YoY Change -33.26% -51.07% -31.95%
INVESTING ACTIVITIES
Capital Expenditures $517.4K $1.878M $3.349M
YoY Change -4.69% 241.94% -36.94%
Acquisitions
YoY Change
Other Investing Activities -$200.0K -$173.7K -$67.17K
YoY Change -171.75% -324.54% -48.06%
Cash From Investing Activities -$717.4K -$2.051M -$3.416M
YoY Change 171.64% 334.81% -37.21%
FINANCING ACTIVITIES
Cash Dividend Paid $209.0K $213.6K
YoY Change -2.15%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $275.0K
YoY Change -59.26%
Cash From Financing Activities -$320.0K -113.2K -$779.7K
YoY Change 51.38% 28.0% 271.62%
NET CHANGE
Cash From Operating Activities $1.079M 1.059M $4.434M
Cash From Investing Activities -$717.4K -2.051M -$3.416M
Cash From Financing Activities -$320.0K -113.2K -$779.7K
Net Change In Cash $41.23K -1.105M $237.7K
YoY Change -96.39% -168.89% -72.52%
FREE CASH FLOW
Cash From Operating Activities $1.079M $1.059M $4.434M
Capital Expenditures $517.4K $1.878M $3.349M
Free Cash Flow $561.2K -$818.6K $1.085M
YoY Change -47.71% -150.66% -9.93%

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2473484 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2235771 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
925 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
528 usd
CY2024 MXC Accrued Capital Expenditures Included In Accounts Payable
AccruedCapitalExpendituresIncludedInAccountsPayable
21693 usd
CY2023 MXC Accrued Capital Expenditures Included In Accounts Payable
AccruedCapitalExpendituresIncludedInAccountsPayable
28186 usd
CY2024 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
7617 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
12570 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-362920 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
63678 usd
CY2024 MXC Increase Decrease In Rightof Use Asset
IncreaseDecreaseInRightofUseAsset
-56366 usd
CY2023 MXC Increase Decrease In Rightof Use Asset
IncreaseDecreaseInRightofUseAsset
-54294 usd
CY2024 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-309 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
8866 usd
CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16198 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-33475 usd
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-56366 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-54294 usd
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
189254 usd
CY2024 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-25078 usd
CY2023 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-80720 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4433935 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6515895 usd
CY2024 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
3349326 usd
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
5310036 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1718 usd
CY2024 MXC Proceeds From Drilling Refunds
ProceedsFromDrillingRefunds
26194 usd
CY2023 MXC Proceeds From Drilling Refunds
ProceedsFromDrillingRefunds
295679 usd
CY2024 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
400000 usd
CY2023 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
425000 usd
CY2024 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
306633 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3416499 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5441075 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19662 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16700 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30179 usd
CY2024 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
275000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
12200 usd
CY2024 us-gaap Payments Of Dividends
PaymentsOfDividends
213600 usd
CY2024 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
585035 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
675000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-779723 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-209815 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
237713 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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2473484 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2235771 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
925 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
528 usd
CY2024 MXC Accrued Capital Expenditures Included In Accounts Payable
AccruedCapitalExpendituresIncludedInAccountsPayable
21693 usd
CY2023 MXC Accrued Capital Expenditures Included In Accounts Payable
AccruedCapitalExpendituresIncludedInAccountsPayable
28186 usd
CY2024 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
7617 usd
CY2023 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
23492 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
23492 usd
CY2024 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
48954 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
59260 usd
CY2024 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
29869 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
30532 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zgnub1NDi6Kh" 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_82E_zxu6kne6awF3">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 &amp; 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>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zv74VCQzYRhj" 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_867_zD4Inmr31vz7">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>
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2024Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
718808 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
730276 usd
CY2024Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
30000 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zgnub1NDi6Kh" 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_82E_zxu6kne6awF3">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 &amp; 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>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zv74VCQzYRhj" 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_867_zD4Inmr31vz7">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>
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
20000 usd
CY2024Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
688808 usd
CY2023Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
710276 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 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.
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zvcwSjdwgbkc" 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_866_zUErd5aMySRk">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>
CY2024 MXC Cost Method Investments Percentage Description
CostMethodInvestmentsPercentageDescription
The Company accounts for investments of less than 3% in limited liability companies at cost
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
675000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
675000 usd
CY2024 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
275000 usd
CY2024 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
275000 usd
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zvcwSjdwgbkc" 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_866_zUErd5aMySRk">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>
CY2024 MXC Cost Method Investments Percentage Description
CostMethodInvestmentsPercentageDescription
The Company accounts for investments of less than 3% in limited liability companies at cost
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
675000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
675000 usd
CY2024 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
275000 usd
CY2024 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
275000 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
730276 usd
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
735512 usd
CY2024 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
7617 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
730276 usd
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
735512 usd
CY2024 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
7617 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
23492 usd
CY2024 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
48954 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
59260 usd
CY2024 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
29869 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
30532 usd
CY2024Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
718808 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
730276 usd
CY2024Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
30000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
20000 usd
CY2024Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
688808 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.
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
189254 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
119629 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
164510 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
308883 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
164510 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
311661 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
311661 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
620544 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
164510 usd
CY2024 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
500915 usd
CY2024Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
1281990 usd
CY2023Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
1375131 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
15745 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
22041 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
189254 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
119629 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
164510 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
308883 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
164510 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
311661 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
311661 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
620544 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
164510 usd
CY2024 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
500915 usd
CY2024Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
1281990 usd
CY2023Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
1375131 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
15745 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
150950 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
153358 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
151193 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
665386 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
35345 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11642 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1635223 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2227558 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1946884 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2223980 usd
CY2024Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
311661 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
3578 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3578 usd
CY2024Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
311661 usd
CY2024Q1 MXC Operating Loss Carryforwards With No Expiration
OperatingLossCarryforwardsWithNoExpiration
5400000 usd
CY2024Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
720000 usd
CY2024 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
expiring in 2040
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
412754 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
979167 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
152054 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-257509 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3578 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-749912 usd
CY2024 MXC Income Tax Reconciliation Income Tax Rate Permanent Differences
IncomeTaxReconciliationIncomeTaxRatePermanentDifferences
46819 usd
CY2023 MXC Income Tax Reconciliation Income Tax Rate Permanent Differences
IncomeTaxReconciliationIncomeTaxRatePermanentDifferences
28196 usd
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
94507 usd
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-82012 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
150950 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
153358 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
151193 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
665386 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
35345 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11642 usd
CY2024Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1635223 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2227558 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1946884 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2223980 usd
CY2024Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
311661 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
3578 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3578 usd
CY2024Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
311661 usd
CY2024Q1 MXC Operating Loss Carryforwards With No Expiration
OperatingLossCarryforwardsWithNoExpiration
5400000 usd
CY2024Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
720000 usd
CY2024 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
expiring in 2040
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
412754 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
979167 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
152054 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-257509 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3578 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-749912 usd
CY2024 MXC Income Tax Reconciliation Income Tax Rate Permanent Differences
IncomeTaxReconciliationIncomeTaxRatePermanentDifferences
46819 usd
CY2023 MXC Income Tax Reconciliation Income Tax Rate Permanent Differences
IncomeTaxReconciliationIncomeTaxRatePermanentDifferences
28196 usd
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
94507 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
164510 usd
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-82012 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
58 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
620544 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
164510 usd
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.316 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.034 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
14238303 usd
CY2023Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
13292195 usd
CY2024Q1 MXC Depreciation Depletion And Amortization Barrel Of Oil Equivalent
DepreciationDepletionAndAmortizationBarrelOfOilEquivalent
12.81
CY2023Q1 MXC Depreciation Depletion And Amortization Barrel Of Oil Equivalent
DepreciationDepletionAndAmortizationBarrelOfOilEquivalent
14.56
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2146491 shares
CY2024 us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
46650 shares
CY2023 us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
62172 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2161010 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2208663 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.17
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
58 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
620544 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
164510 usd
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.316 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.034 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
1826266 usd
CY2023 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
1053442 usd
CY2024 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
153039 usd
CY2024 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1363529 usd
CY2023 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
4282499 usd
CY2024 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
7617 usd
CY2023 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
23492 usd
CY2024 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
3350451 usd
CY2023 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
5359433 usd
CY2024Q1 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
48304585 usd
CY2023Q1 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
45391634 usd
CY2024Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
48304585 usd
CY2023Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
45391634 usd
CY2024Q1 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
34066282 usd
CY2023Q1 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
32099439 usd
CY2024 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
1826266 usd
CY2023 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
1053442 usd
CY2024 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
153039 usd
CY2024 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1363529 usd
CY2023 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
23492 usd
CY2024 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
3350451 usd
CY2023 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
5359433 usd
CY2024Q1 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
48304585 usd
CY2023Q1 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
45391634 usd
CY2024Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
48304585 usd
CY2023Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
45391634 usd
CY2024Q1 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
34066282 usd
CY2023Q1 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
32099439 usd
CY2024Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
14238303 usd
CY2024Q1 MXC Depreciation Depletion And Amortization Barrel Of Oil Equivalent
DepreciationDepletionAndAmortizationBarrelOfOilEquivalent
12.81
CY2023Q1 MXC Depreciation Depletion And Amortization Barrel Of Oil Equivalent
DepreciationDepletionAndAmortizationBarrelOfOilEquivalent
14.56
CY2024 us-gaap Net Income Loss
NetIncomeLoss
1344952 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2114360 shares
CY2024 us-gaap Net Income Loss
NetIncomeLoss
1344952 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
4662702 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2114360 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2146491 shares
CY2024 us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
46650 shares
CY2023 us-gaap Incremental Common Shares Attributable To Written Put Options
IncrementalCommonSharesAttributableToWrittenPutOptions
62172 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2161010 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2208663 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.17
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
93000 shares
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
13.12
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
CY2022Q3 MXC Excise Tax Percentage
ExciseTaxPercentage
0.01 pure
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000 usd
CY2024 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
50101 shares
CY2024 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
585035 usd
CY2024Q1 us-gaap Share Price
SharePrice
11.68
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
18416 shares
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
244494 usd
CY2023Q1 us-gaap Share Price
SharePrice
13.28
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
502361 usd
CY2024 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y5M15D
CY2024 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
8.73
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
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5652 pure
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
93000 shares
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Amount
AntidilutiveSecuritiesExcludedFromComputationOfNetIncomePerOutstandingUnitAmount
13.12
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
CY2022Q3 MXC Excise Tax Percentage
ExciseTaxPercentage
0.01 pure
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000 usd
CY2024 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
50101 shares
CY2024 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
585035 usd
CY2024Q1 us-gaap Share Price
SharePrice
11.68
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
18416 shares
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
244494 usd
CY2023Q1 us-gaap Share Price
SharePrice
13.28
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
502361 usd
CY2024 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y5M15D
CY2024 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
8.73
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
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5652 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.573 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0344 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0315 pure
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1000 shares
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5500 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
37566 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19662 usd
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.573 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0344 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0315 pure
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1000 shares
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5500 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
37566 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19662 usd
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
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.73
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
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
234025 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
102348 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
37566 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
47575 usd
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
3.34
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.05
CY2024Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
165750 shares
CY2024Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
9.36
CY2024 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y7M13D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
103275 usd
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
3.34
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.05
CY2024Q1 us-gaap Area Of Land
AreaOfLand
4160 sqft
CY2024 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The lease does not include an option to renew and is a 36-month lease that was to expire in May 2021. 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
the Company agreed to extend its current lease at a flat (unescalated) rate for 36 months.
CY2021Q2 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-07-31
CY2024Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0375 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.73
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
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
234025 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
102348 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
37566 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
47575 usd
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
3.34
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.05
CY2024Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
165750 shares
CY2024Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
9.36
CY2024 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y7M13D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
103275 usd
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
3.34
CY2024 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.05
CY2024Q1 us-gaap Area Of Land
AreaOfLand
4160 sqft
CY2024 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The lease does not include an option to renew and is a 36-month lease that was to expire in May 2021. 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
the Company agreed to extend its current lease at a flat (unescalated) rate for 36 months.
CY2021Q2 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-07-31
CY2024Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0375 pure
CY2024Q1 MXC Operating Lease Rightofuse Asset Gross
OperatingLeaseRightofuseAssetGross
75629 usd
CY2024Q1 MXC Operating Lease Amortization
OperatingLeaseAmortization
56366 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19263 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19263 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19263 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
73290000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
94972000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
21634000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
23800000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
5481000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
4280000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
7067000 usd
CY2024Q1 MXC Operating Lease Rightofuse Asset Gross
OperatingLeaseRightofuseAssetGross
75629 usd
CY2024Q1 MXC Operating Lease Amortization
OperatingLeaseAmortization
56366 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19263 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19263 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19263 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19413 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19413 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
150 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19263 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19263 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
42668 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
42668 usd
CY2024 us-gaap Sublease Income
SubleaseIncome
15572 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
15572 usd
CY2024Q1 MXC Barrels Of Oil Equivalent
BarrelsOfOilEquivalent
1.547 boe
CY2024Q1 MXC Percentage Of Estimated Proved Reserves Of Oil And Natural Gas Liquids
PercentageOfEstimatedProvedReservesOfOilAndNaturalGasLiquids
0.51 pure
CY2024Q1 MXC Percentage Of Estimated Proved Reserves Of Natural Gas
PercentageOfEstimatedProvedReservesOfNaturalGas
0.49 pure
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
11284000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
39108000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
55608000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
14480000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19413 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19413 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
150 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19263 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19263 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
42668 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
42668 usd
CY2024 us-gaap Sublease Income
SubleaseIncome
15572 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
15572 usd
CY2024Q1 MXC Barrels Of Oil Equivalent
BarrelsOfOilEquivalent
1.547 boe
CY2024Q1 MXC Percentage Of Estimated Proved Reserves Of Oil And Natural Gas Liquids
PercentageOfEstimatedProvedReservesOfOilAndNaturalGasLiquids
0.51 pure
CY2024Q1 MXC Percentage Of Estimated Proved Reserves Of Natural Gas
PercentageOfEstimatedProvedReservesOfNaturalGas
0.49 pure
CY2024 MXC Description On Proved Un Developed Oil And Gas Reserves
DescriptionOnProvedUnDevelopedOilAndGasReserves
the Company reported estimated PUDs of 508 MBOE, which accounted for 33% of its total estimated proved oil and gas reserves.
CY2024Q1 MXC Estimated Proved Oil And Gas Reserves Rate
EstimatedProvedOilAndGasReservesRate
0.33 pure
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
CY2024Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
24628000 usd
CY2024Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
24628000 usd
CY2023Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
32815000 usd
CY2024 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-4936000 usd
CY2024 MXC Description On Proved Un Developed Oil And Gas Reserves
DescriptionOnProvedUnDevelopedOilAndGasReserves
the Company reported estimated PUDs of 508 MBOE, which accounted for 33% of its total estimated proved oil and gas reserves.
CY2024Q1 MXC Estimated Proved Oil And Gas Reserves Rate
EstimatedProvedOilAndGasReservesRate
0.33 pure
CY2024 MXC Proved Undeveloped Reserve Beginning
ProvedUndevelopedReserveBeginning
403065 boe
CY2023Q1 MXC Proved Undeveloped Reserves Future Development Costs
ProvedUndevelopedReservesFutureDevelopmentCosts
3837540 usd
CY2024 MXC Proved Undeveloped Reserve Revision Of Previous Estimates
ProvedUndevelopedReserveRevisionOfPreviousEstimates
-38780 boe
CY2024 MXC Revision Of Previous Estimates Future Development Costs
RevisionOfPreviousEstimatesFutureDevelopmentCosts
272365 usd
CY2024 MXC Proved Undeveloped Reserve Conversions To Proved Developed Reserves
ProvedUndevelopedReserveConversionsToProvedDevelopedReserves
-61606 boe
CY2024 MXC Conversions To Proved Developed Reserves Future Development Costs
ConversionsToProvedDevelopedReservesFutureDevelopmentCosts
-935590 usd
CY2024 MXC Additional Proved Undeveloped Reserve Added
AdditionalProvedUndevelopedReserveAdded
205462 boe
CY2024 MXC Additional Puds Added Future Development Costs
AdditionalPudsAddedFutureDevelopmentCosts
2307162 usd
CY2024 MXC Proved Undeveloped Reserves End Of Year
ProvedUndevelopedReservesEndOfYear
508141 boe
CY2024Q1 MXC Proved Undeveloped Reserves Future Development Costs
ProvedUndevelopedReservesFutureDevelopmentCosts
5481477 usd
CY2024Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2024 MXC Average Price Used Per Bbl
AveragePriceUsedPerBbl
76.88
CY2024 MXC Average Prices Used Per Mcf
AveragePricesUsedPerMcf
2.75
CY2023 MXC Average Price Used Per Bbl
AveragePriceUsedPerBbl
92.02
CY2023 MXC Average Prices Used Per Mcf
AveragePricesUsedPerMcf
5.68
CY2024Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2024Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2023Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2024 MXC Proved Undeveloped Reserve Beginning
ProvedUndevelopedReserveBeginning
403065 boe
CY2023Q1 MXC Proved Undeveloped Reserves Future Development Costs
ProvedUndevelopedReservesFutureDevelopmentCosts
3837540 usd
CY2024 MXC Proved Undeveloped Reserve Revision Of Previous Estimates
ProvedUndevelopedReserveRevisionOfPreviousEstimates
-38780 boe
CY2024 MXC Revision Of Previous Estimates Future Development Costs
RevisionOfPreviousEstimatesFutureDevelopmentCosts
272365 usd
CY2024 MXC Proved Undeveloped Reserve Conversions To Proved Developed Reserves
ProvedUndevelopedReserveConversionsToProvedDevelopedReserves
-61606 boe
CY2024 MXC Conversions To Proved Developed Reserves Future Development Costs
ConversionsToProvedDevelopedReservesFutureDevelopmentCosts
-935590 usd
CY2024 MXC Additional Proved Undeveloped Reserve Added
AdditionalProvedUndevelopedReserveAdded
205462 boe
CY2024 MXC Additional Puds Added Future Development Costs
AdditionalPudsAddedFutureDevelopmentCosts
2307162 usd
CY2024 MXC Proved Undeveloped Reserves End Of Year
ProvedUndevelopedReservesEndOfYear
508141 boe
CY2024Q1 MXC Proved Undeveloped Reserves Future Development Costs
ProvedUndevelopedReservesFutureDevelopmentCosts
5481477 usd
CY2024Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2024 MXC Average Price Used Per Bbl
AveragePriceUsedPerBbl
76.88
CY2024 MXC Average Prices Used Per Mcf
AveragePricesUsedPerMcf
2.75
CY2023 MXC Average Price Used Per Bbl
AveragePriceUsedPerBbl
92.02
CY2023 MXC Average Prices Used Per Mcf
AveragePricesUsedPerMcf
5.68
CY2024Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2024Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2023Q1 MXC Estimated Future Cash Flows Discounted Rate
EstimatedFutureCashFlowsDiscountedRate
0.10 pure
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
73290000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
94972000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
21634000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
23800000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
5481000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
4280000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
7067000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
11284000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
39108000 usd
CY2023Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
55608000 usd
CY2024Q1 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
14480000 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
CY2024 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-4936000 usd
CY2023 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-7661000 usd
CY2024 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-14394000 usd
CY2023 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
8937000 usd
CY2024 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-77000 usd
CY2023 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
413000 usd
CY2024 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-3620000 usd
CY2023 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-4313000 usd
CY2024 MXC Increase Decrease Due To Purchases And Sales Of Minerals In Place
IncreaseDecreaseDueToPurchasesAndSalesOfMineralsInPlace
1146000 usd
CY2023 MXC Increase Decrease Due To Purchases And Sales Of Minerals In Place
IncreaseDecreaseDueToPurchasesAndSalesOfMineralsInPlace
2030000 usd
CY2024 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
7208000 usd
CY2023 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
3277000 usd
CY2024 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
2208000 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
CY2024 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
2908000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
3947000 usd
CY2024 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
1370000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
2066000 usd
CY2024 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-8187000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
6895000 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
CY2024Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
24628000 usd
CY2023 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-7661000 usd
CY2024 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-14394000 usd
CY2023 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
8937000 usd
CY2024 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-77000 usd
CY2023 srt Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
413000 usd
CY2024 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-3620000 usd
CY2023 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-4313000 usd
CY2024 MXC Increase Decrease Due To Purchases And Sales Of Minerals In Place
IncreaseDecreaseDueToPurchasesAndSalesOfMineralsInPlace
1146000 usd
CY2023 MXC Increase Decrease Due To Purchases And Sales Of Minerals In Place
IncreaseDecreaseDueToPurchasesAndSalesOfMineralsInPlace
2030000 usd
CY2024 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
7208000 usd
CY2023 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
3277000 usd
CY2024 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
2208000 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
CY2024 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
2908000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
3947000 usd
CY2024 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
1370000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
2066000 usd
CY2024 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-8187000 usd
CY2023 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
6895000 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
CY2024Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
24628000 usd
CY2023Q1 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
32815000 usd

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0001493152-24-025472-xbrl.zip Edgar Link pending
ex21-1.htm Edgar Link pending
ex23-1.htm Edgar Link pending
ex23-2.htm Edgar Link pending
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MetaLinks.json Edgar Link pending
mxc-20240331.xsd Edgar Link pending
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