About

Take a look into our past and our plans for the future.

MMEX Resources Corporation (“MMEX”) is a publicly held corporation, with its principal operating office in Texas. MMEX was formed in the United States in 2010 and has common management with Maple Resources Corporation (“Maple Resources”), which was formed in the United States in 1986. Maple Resources engaged in a number of oil and gas acquisitions and divestitures and ultimately acquired assets that included 10 gas processing plants and approximately 770 miles of natural gas gathering lines and transmission infrastructure. In 1992, Maple Resources sold substantially all of its U.S.-based assets and began to pursue energy projects in Latin America.

MMEX Timeline Boardroom

Our History

1986-1988

MMEX Resources affiliate, Maple Resources, completed nine acquisitions including transactions relating to oil and gas production interests and gas gathering, processing and transmission systems. In addition to these acquisitions, Maple Resources also acquired the following:

  • Two companies whose assets included ten gas processing plants with capacity of approximately 300 MMcfd as well as approximately 1,287 km of natural gas gathering and transmission infrastructure.
  • Following completion of these acquisitions, Maple Resources processed approximately 175 MMcfd of wellhead gas at its facilities and produced approximately 140 MMcfd of residue of natural gas and 15,600 bpd of natural gas liquids.
1992

Maple Resources wins public tender from the Peruvian government consisting of 20 year concession to manage the Pucallpa refinery and two oil fields, Agua Caliente and Maquia, and to build a 175 MW gas to power green field project. This concession included operation of a refinery in Pucallpa, drilling of exploration acreage in block 31-E, and the development of a sugar cane to ethanol project on the Northern Coast of Peru.

1996

Maple Resources finances, builds, and operates the $280 million Aguaytia Gas to Power project which includes:

  • 440 billion cubic feet of recoverable reserves.
  • 55 MMCFD natural gas processing plant
  • Natural gas liquids fractionation plant
  • Over 330 km of hydrocarbon pipelines
  • 175 MW gas fired power plant
  • 392 km of electrical transmission lines across the Andes to Peru North Central power grid
2006

Maple Energy acquires 13,500 hectares of land in northern Peru (Piura region) to develop sugar cane to ethanol project and raises $254 million of financing.

  • Maple Energy plants 8,000 ha of land with cane and drip irrigation systems, builds water pumping systems, a 35 million gallon ethanol plant, 37 MW co-generation power plant.
2007

Maple Energy, the Peru affiliated company, becomes a publicly listed company on the AIM (London) and the BVL (Lima) owning all of the Peru assets and raised total financing of $150 million on both the AIM and BVL.

2010

Maple Resources with other equity partners acquires MMEX in a reverse merger to achieve a public listing for its operations.

2014

Maples Resources acquires Maple Gas Peru and the Peru refinery operations with private equity partners.

2015

Maple Resources sells its assets to its equity partners in Peru to focus on Texas oil, gas, and refining assets with an emphasis on developing a modular refinery in the Permian Basin.

2017

MMEX entered into an agreement with Maple Resources to acquire all of Maple Resources West Texas including the land and the modular refining technology. MMEX continues developing its West Texas refinery project. 

2022-2025

MMEX in the development phases of the Clean Fuels Refinery in Pecos County, Permian Basin, Texas. Completes FEL-2+ engineering of project requirements. Obtains Texas Commission on Environmental Quality Permit. Commences development phases of natural gas and hydrogen to power project. Initiates development of International projects in Argentina and Peru. 

Pecos County Site