Subsequent Events	6 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events On October 7, 2016, the Company received approximately $2.187 million in cash from a sale of working interests to Parsley Energy, Inc. covering 50 net acres located in Glasscock County, Texas in the horizontal Wolfcamp trend of the Permian Basin in West Texas. Of these proceeds, approximately $1.887 million was applied to the Company’s bank debt and the balance added to working capital of the Company. Effective November 1, 2016, the Company sold its 100% working interest (76.7% average net revenue interest) in eight oil and gas wells and one disposal well of which Mexco is operator, located in the El Cinco and Tippett Fields of Pecos County, Texas. The Company received a cash purchase price of $405,000 which has been applied to reduce bank indebtedness. These properties have been determined by management to be non-core with limited potential for further development. The Company applied a total of $2,292,000 from the proceeds of these two sales to the line of credit reducing its bank indebtedness to $3,228,000 as of November 10, 2016.

Subsequent Events

6 Months Ended

Sep. 30, 2016

11. Subsequent Events

On October 7, 2016, the Company received approximately $2.187 million in cash from a sale of working interests to Parsley Energy, Inc. covering 50 net acres located in Glasscock County, Texas in the horizontal Wolfcamp trend of the Permian Basin in West Texas. Of these proceeds, approximately $1.887 million was applied to the Company’s bank debt and the balance added to working capital of the Company.

Effective November 1, 2016, the Company sold its 100% working interest (76.7% average net revenue interest) in eight oil and gas wells and one disposal well of which Mexco is operator, located in the El Cinco and Tippett Fields of Pecos County, Texas. The Company received a cash purchase price of $405,000 which has been applied to reduce bank indebtedness. These properties have been determined by management to be non-core with limited potential for further development.

The Company applied a total of $2,292,000 from the proceeds of these two sales to the line of credit reducing its bank indebtedness to $3,228,000 as of November 10, 2016.