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MXC – Mexco Energy Corp

Compliant

The company is Shariah Compliant, according to AAOIFI methodology.

Mexco Energy Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploration, development and production of crude oil, natural gas, condensate, and natural gas liquids (NGLs) located in the United States. The Company owns producing properties and undeveloped acreage in approximately 14 states. It acquires interests in producing and non-producing oil and gas leases from landowners and leaseholders in areas considered favorable for oil and gas exploration, development, and production. In addition, the Company may acquire oil and gas interests by joining in oil and gas drilling prospects generated by third parties. The Company may also employ a combination of the above methods of obtaining producing acreage and prospects. The two primary areas, in which the Company is focused are Delaware Basin located in the Western portion of the Permian Basin, and the Midland Basin located in the Eastern portion of the Permian Basin.

AAOIFI ✓

Debt ÷ Market cap (MC)0
Non-Compliant Assets ÷ MC
Impure Income (incl. Interest)0.01
Impure Income%
Interest Income0.01%
Total0.01%

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