UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 2005
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MEXCO ENERGY CORPORATION
(Exact Name of Registrant as specified in its charter)
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Colorado 0-6694 84-0627918
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(State or other jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
214 W. Texas, Suite 1101, Midland, TX 79701
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 432-682-1119
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N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Royalty Purchase
On January 14, 2005, Mexco Energy Corporation issued a news release to
announce that the Company purchased for $550,000 partially developed royalty
interests. The majority of the wells are located in Freestone and Limestone
Counties, Texas and operated by Anadarko Petroleum, XTO, and Devon Energy. These
properties contain 71 producing wells and an additional nine (9) permitted
and/or drilling wells in the Cotton Valley formation. This acreage contains
approximately 83 potential undeveloped locations, which are principally Cotton
Valley infill wells. 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 9.01. Financial Statements and Exhibits
(A) Financial Statements of Businesses Acquired: None
(B) Pro Forma Financial Information: None
(C) Exhibits:
Exhibits 99.1: Press Release
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: January 14, 2005 By: /s/ Tamala L. McComic
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Vice President, Treasurer and
Chief Financial Officer