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Subsequent Events
3 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

10. Subsequent Events

 

In July 2022, Mexco expended approximately $300,000 for the remaining balance in the drilling and completion of four horizontal wells Eddy County, New Mexico.

 

In July and August 2022, Mexco expended approximately $768,000 to purchase additional working interests and to complete three horizontal wells in Reagan County, Texas.

 

In July and August 2022, Mexco expended approximately $377,000 to purchase additional working interests and to complete a horizontal well in Reagan County, Texas.

 

In August 2022, Mexco expended approximately $33,000 to participate in the drilling of two horizontal wells in Lea County, New Mexico.

 

The Company completed a review and analysis of all events that occurred after the consolidated balance sheet date to determine if any such events must be reported and has determined that there are no other subsequent events to be disclosed.