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. The business plan of MMEX focuses on the acquisition, development, and financing of oil, gas, refining, and electric power projects in Texas, Peru, and other countries in Latin America using the expertise of our principals to identify, finance and acquire these projects.

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.

Our History

1986

MMEX affiliate, Maple Resources Corporation, was initially established in 1986 to invest in oil and gas related entities and assets in the United States. Between 1986 and 1988, this affiliate completed nine acquisitions, including transactions relating to oil and gas production interests and gas gathering, processing and transmission systems.

  • In addition to these acquisitions, the Maple Resources also acquired two US-based 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 the completion of these acquisitions, the Maple Resources processed approximately 175 MMcfd of wellhead gas at its facilities and produced approximately 140 MMcfd of residue natural gas and 15,600 bpd of natural gas liquids. These assets were divested in 1991.

1992

Maple Resources enters Peru and wins, after a public tender, the first privatization of the Fujimori era consisting of a 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.

  • The Peru development also included operation of a refinery in Pucallpa, workover of production wells in acreage connected to the refinery, drilling of exploration acreage in Block 31-E, and the development of a sugar cane to ethanol project on the northern coast of Perú. Maple Resources and its affiliates invested in various exploration and production activities in Peru including geological campaigns, geochemistry programs, seismic processing, construction of roads and campsites, and the drilling of three exploration wells.

1996

Maple Resources finances, builds, and operates in Peru, the $280 Million Aguaytia Gas to Power project which includes

  • 440 billion cubic feet of recoverable reserves.
  • A 55MMCFD natural gas processing plant.
  • Natural gas liquids fractionation plant.
  • Over 330 kms. of hydrocarbon pipelines.
  • A 175-megawatt gas-fired power plant.
  • The building of 392 kms. of electrical transmission lines across the Andes.

2006

Maple Energy acquires 13,500 hectares of desert land in northern Peru, in the Piura region, to develop a sugar cane to ethanol project, and raises $245 Million of financing.

  • Maple Energy plants 8,000ha of land with cane and drip irrigation systems, builds water pumping systems, a 35mln gallons ethanol plant, and a 37MW cogeneration power plant.

2007

The Peru affiliated company, Maple Energy, plc 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 the BVL.

  • 440 billion cubic feet of recoverable reserves.
  • A 55MMCFD natural gas processing plant.
  • Natural gas liquids fractionation plant.
  • Over 330 kms. of hydrocarbon pipelines.
  • A 175-megawatt gas-fired power plant.
  • The building of 392 kms. of electrical transmission lines across the Andes.

2010

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

2014

Maple Resources acquires back 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 West Texas Permian Basin.

2017

In March 2017, MMEX entered into an agreement with Maple Resources to acquire all of Maple Resources West Texas assets including the land and the modular refining technology.

2017

MMEX continues developing its West Texas refinery project and focuses on negotiations to acquire an existing refinery on the Louisiana Gulf Coast.

2021

MMEX announced its modified business plan moving MMEX to clean energy use and production. MMEX plans to contribute to the clean energy solution by providing solar power to produce hydrogen with carbon capture, and for the transition to the hydrogen economy by producing hydrogen along with ultra-low sulfur transportation fuels in the interim.

2021

MMEX signed its first Project Agreement with its European co-developer partner to develop and finance a hydrogen project with carbon capture powered by solar power at the MMEX Pecos County, Texas site employing steam methane reformer technology with the abundant natural gas supplies in the immediate area as the feedstock.

Our Fort Stockton Office

Proud Associations

MMEX Team Digging
Scroll to Top