Mexco is an independent oil and gas company that acquires and holds non-operated interests in producing properties across the United States. The company does not operate any of its properties, meaning it has no drilling or operating responsibilities. Instead, Mexco collects production proceeds from third-party operators who control all development decisions and operating costs. Its portfolio includes royalty, mineral, and non-operated working interests in thousands of wells, with a primary geographic focus on the Permian Basin's Delaware and Midland sub-basins. Mexco produces crude oil, natural gas, and natural gas liquids, with oil representing the majority of its sales. The business model relies on two primary interest types: royalty interests, which provide revenue without capital obligations, and working interests, where Mexco shares in both production revenue and operating expenses. Because Mexco is a non-operator, its growth depends on the activity levels of third-party operators and its ability to acquire additional interests. The company maintains a lean organizational structure and focuses its strategy on acquiring properties in or near its existing operations, specifically targeting royalty and mineral interests that require no capital expenditure for drilling.