Mexco Energy focusing on low-cost, low-risk gas production

Mexco Energy Corp., Midland, Tex., is focused on increasing profit margins by obtaining underdeveloped natural gas properties with low-cost, low-risk operations and long-lived production potential.Pres. and CEO Nicholas C. Taylor said Mexco strives for a return on its investments of 10 to 1 on a nonrisk-adjusted calculation. This goal is the company's biggest challenge, he said. Another challenge is planning ahead despite the unpredictability of commodity prices.Of its reserves, 88% are gas. Mexco is comfortable with gas because it has more price stability than oil, yields a higher profit margin than the company's oil reserves, and is a clean fuel, Taylor said.Mexco's niche in...

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