UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
AUGUST 4, 2004
Date of Report (Date of earliest event reported):
Commission File Number 0-6694
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MEXCO ENERGY CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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COLORADO 84-0627918
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(State or other jurisdiction of) (I.R.S. Employer
Identification No.)
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214 W. Texas, Suite 1101, Midland, TX 79701
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(Address of principal executive offices)
432-682-1119
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(Issuer's telephone number, including area code)
ITEM 5. OTHER EVENTS.
Royalty Purchase
On August 4, 2004, Mexco Energy Corporation issued a news release to
announce that the Company purchased for $500,000 partially developed royalty
interests in Freestone County, Texas. These properties, operated by XTO and
Anadarko Energy, Inc., contain 31 producing wells and an additional seven (7)
permitted and/or drilling wells in the Cotton Valley formation. This acreage
contains approximately 19 potential undrilled locations on 40 acre spacing. This
purchase furthers the primary goal of the Company acquiring natural gas
reserves. Previous acquisitions of partially developed royalty interests
generally have provided high yield and high quality reserves at favorable fixed
costs to the Company. As of March 31, 2004, approximately 17% of the Company's
revenues were from royalty interests.
Copy of the news release is filed as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
The following exhibit is filed as part of this Current Report of Form 8-K:
Exhibit Number and Description
99.1 News Release dated August 4, 2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MEXCO ENERGY CORPORATION
Date: August 4, 2004
By: /s/ Tamala L. McComic
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Vice President, Treasurer and
Chief Financial Officer