Subsequent Events	6 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events In October 2024, the Company acquired royalty interests in 3 producing wells and 5 undrilled locations operated by Mewbourne Oil located in Eddy County, New Mexico for a purchase price of $260,000; royalty interests in 6 producing wells operated by SWN Production and located in DeSoto Parish, Louisiana for a purchase price of $25,000; royalty interests in 8 producing wells operated by Marathon Oil and located in Live Oak, Texas for a purchase price of $20,000; royalty interests in 10 producing wells operated by Ovintiv and located in Upton County, Texas for a purchase price of $65,000; royalty interests in 12 producing wells operated by Pioneer Natural Resources and located in Reagan, Texas for a purchase price of $66,000; and, royalty interests in approximately 230 producing wells operated by Petro-Hunt Corporation, ConocoPhillips Company and others in Montana, Nebraska, North Dakota and South Dakota for a purchase price of $188,000. All of these acquisitions are effective November 1, 2024. In October 2024, the Company expended approximately $74,000 to drill two horizontal wells in the Bone Spring Sand formation of the Delaware Basin in Lea County, New Mexico. Mexco’s working interest in these wells is .53%. In November 2024, the Company entered into an agreement to acquire royalty interests in 15 producing wells with potential for additional development located in Adams and Broomfield Counties, Colorado and operated by Civitas Resources for a purchase price of $450,000. 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.

Subsequent Events

6 Months Ended

Sep. 30, 2024

12. Subsequent Events

In October 2024, the Company acquired royalty interests in 3 producing wells and 5 undrilled locations operated by Mewbourne Oil located in Eddy County, New Mexico for a purchase price of $260,000; royalty interests in 6 producing wells operated by SWN Production and located in DeSoto Parish, Louisiana for a purchase price of $25,000; royalty interests in 8 producing wells operated by Marathon Oil and located in Live Oak, Texas for a purchase price of $20,000; royalty interests in 10 producing wells operated by Ovintiv and located in Upton County, Texas for a purchase price of $65,000; royalty interests in 12 producing wells operated by Pioneer Natural Resources and located in Reagan, Texas for a purchase price of $66,000; and, royalty interests in approximately 230 producing wells operated by Petro-Hunt Corporation, ConocoPhillips Company and others in Montana, Nebraska, North Dakota and South Dakota for a purchase price of $188,000. All of these acquisitions are effective November 1, 2024.

In October 2024, the Company expended approximately $74,000 to drill two horizontal wells in the Bone Spring Sand formation of the Delaware Basin in Lea County, New Mexico. Mexco’s working interest in these wells is .53%.

In November 2024, the Company entered into an agreement to acquire royalty interests in 15 producing wells with potential for additional development located in Adams and Broomfield Counties, Colorado and operated by Civitas Resources for a purchase price of $450,000.

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.