Pecos County Updates

Recent project updates are listed below:

  • March 29, 2018: Execution of Debt Financing Term Sheet
  • March 27, 2018: UT Lands Easement Road Construction Completed
  • March 4, 2018: Pilot Thomas Logistics Diesel off-take agreement
  • February 20, 2018: Penta Petro Trucking Transport Agreement for trucking services
  • February 20, 2018: UT Lands Easement Road Construction commencement
  • February 15, 2018: Interstate Treating, Inc. to be the primary contractor for the engineering, procurement and construction of Pecos County Refinery
  • November 17, 2017: Groundbreaking Ceremony
  • October 26, 2017: Road development begins in preparation for the official groundbreaking ceremony on Nov. 17
  • September 9, 2017: Site visit with Environmental Firm for Phase 1 Site Assessment
  • August 30, 2017: Permit secured from Texas Commission on Environmental Quality to build 10,000 BPD Crude Distillation Unit
  • August 23, 2017: Site survey completed and easements marked for Pecos County Refinery Project
  • July 31, 2017: Filed Texas Commission on Environmental Quality Permit Application for 10,000 BPD Crude Distillation Unit
  • July 28, 2017: Closed on Phase 1 Land Acquisition – Pecos County Refinery Project
  • July 5-7, 2017: Meetings with Investment Banks in NYC
  • June 26, 2017: MMEX announces strategic relationship with VFuels, LLC on 10,000 BPD Crude Distillation Unit
  • June 13, 2017: MMEX announces $3M equity agreement with Crown Bridge Partners, LLC
  • June 13, 2017: MMEX announces plans to build a 10,000 BPD Crude Distillation Unit as Phase 1 of the Pecos County Refinery Project
  • May 17, 2017: MMEX and Fort Stockton Chamber of Commerce Ambassadors Ribbon Cutting Ceremony, Opening of MMEX Office in Fort Stockton, TX
  • May 4, 2017: Letter of Intent executed with Crude Supplier to supply 50,000 BPD to Pecos County Refinery Project
  • April 27, 2017: Technical Conference Meeting with Strategic Consultants, EPC Company and Environmental Firm
  • April 25-26, 2017: Site survey in Pecos County, TX
  • April 18, 2017: Meetings with Investment Banks in NYC
  • April 13, 2017: Environmental Firm retained to prepare and process necessary State/Federal Permits
  • March 25, 2017: Engineering, Procurement and Construction (EPC) Company retained
  • March 7, 2017: MMEX announces plans to build a 50,000 BPD crude oil refinery in Pecos County, Texas
  • February 27, 2017: Strategic Engineering Consultant and Industry Advisor retained
  • February 20, 2017: Purchase and Sale Agreement executed for land in Pecos County, TX
  • February 15, 2017: Public Relations Firm retained
  • February 14, 2017: Pre-permit meeting held with Texas Commission on Environmental Quality (TCEQ)

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