Mexco Energy Corporation (Mexco) is an independent oil and gas company engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. The Company owns oil and gas properties in other states, the majority of its activities are centered in West Texas. The Company acquires interests in producing and non-producing oils and gas leases from landowners and leaseholders in areas considered favorable for oil and gas exploration, development and production. On December 31, 2012, it acquired ownership interests of TBO Oil & Gas, LLC, which owns non-operated working interests producing primarily oil. During fiscal year ended March 31, 2013(fiscal 2013), the Company added proved reserves of 348,000 thousand cubic feet equivalent through extensions and discoveries, added 359, thousand cubic feet equivalent through acquisitions and had downward revisions of previous estimates of 649,000 thousand cubic feet equivalent.