About
Building the Future of Energy Infrastructure
MMEX Resources develops energy infrastructure projects in West Texas designed to meet growing demand while creating long-term value for investors, partners, and communities.
Company Overview
Roots & Execution
The team behind MMEX has been developing energy infrastructure since 1986, when Jack Hanks founded Maple Resources Corporation to acquire and operate oil and gas assets in the United States.
Through the 1990s, Maple completed nine acquisitions, building production interests in more than
450 wells across Texas, Oklahoma, Kansas, and Utah, along with ten gas processing plants and
roughly 800 miles of gathering and transmission pipeline.
In 1992, Maple expanded internationally, turning its focus to large-scale energy development in
Peru. The company won a Peruvian government tender to develop the Aguaytía gas field and
acquired a crude oil refinery under a long-term government lease.
Aguaytía set the template: a first-of-its-kind integrated greenfield project, with gas production,
pipelines, fractionation, product distribution, power generation, and transmission lines in the central
Peruvian jungle. The project built 244 miles of power transmission line across the Andes.
Completing it required a 4,600-mile logistics operation: from Houston down the Amazon River to
Iquitos, Peru, then across the central Peruvian jungle, rebuilding 18 bridges along the way to deliver
40,000 tons of equipment to the final site at Tingo María.
Since 2017, the team has applied that template in Pecos County, Texas — the heart of the Permian
Basin, America’s most prolific oil and gas region, and one that still lacks local refining and power.
MMEX is building both.
MMEX At a Glance
1986
Year the team began developing energy infrastructure
2
Projects under development in Pecos County
60K BPD
Planned ultra-low sulfur diesel refining capacity
220 MW
Phase 1 gas-to-power with carbon capture
1 GW+
Long-term power platform scalability
450+
Wells operated across four states by the founding team
OTC: MMEX
Publicly traded corporate parent
Our Mission
To develop energy infrastructure where it is most needed and least available.
Built to standards that hold up over decades rather than quarters. MMEX serves three constituencies: investors, who require disciplined development and durable assets; partners and customers, who require reliable fuel and firm power; and the communities that host these projects, who deserve infrastructure built responsibly and operators who intend to stay.
The value the company creates is measured in infrastructure that continues to matter long after it is built.
Our Vision
A diversified platform in West Texas — and a development model that repeats.
Near term, that means delivering the two projects currently under development in Pecos County. Longer term, it means expanding the platform, adding capacity on sites already secured, and applying the same approach wherever resource supply, transportation, and demand converge the way they do in the Permian Basin.
Build where the fundamentals are strongest, build to current standards, and build assets designed to operate for thirty years and beyond.
What We Stand For
Core Values
Integrity
Direct communication with investors, regulators, and communities, including when the news is inconvenient.
Responsible Development
Current environmental standards applied by design rather than by requirement.
Excellence
Thorough engineering completed before capital is committed. We de-risk on paper to deliver precision in practice.
Long-Term Thinking
We build for decades. Decisions are measured across the operating life of the asset.
Strategic Priorities
Six priorities, all pointed at the same platform
Each priority maps to work underway in Pecos County today, not to an aspiration for later.
Develop Critical Energy Infrastructure
Advancing two projects in Pecos County toward financial close and construction.
Support Reliable Power Generation
Adding firm, dispatchable capacity in a region facing a substantial supply deficit.
Expand Refining Capability
Building domestic refining capacity inside the basin that produces the crude.
Invest in Future Energy Technologies
Integrating carbon capture and blue hydrogen into conventional infrastructure.
Deliver Long-Term Shareholder Value
Developing assets with operating lives measured in decades.
Build Strategic Partnerships
Pairing internal development and finance capability with specialist engineering, construction, and commercial partners.
MMEX Platform
How We Are Organized
MMEX Resources is the parent company. Each project is developed through a dedicated company with its own focus, management attention, and identity.
MMEX Resources Corporation
Pecos UltraClean Refining
Permian crude refined where it is produced — into the ultra-low sulfur diesel West Texas consumes and currently imports.
Trans Permian Energy
A phased development converting Permian natural gas into low-carbon hydrogen and firm electricity for West Texas and ERCOT.
Future MMEX Companies
Capacity expansion on sites already controlled, and continued evaluation of infrastructure where supply, transportation, and demand converge.
Built to current environmental standards, with carbon capture integrated into the design.
Why West Texas
The West Texas Advantages
The Permian Basin is the most prolific oil and gas producing region in North America, and the MMEX platform sits near its epicenter in Pecos County. Crude and natural gas are produced in the surrounding basin. Pipeline systems, rail connectivity including Texas Pacifico access, and the I-10 corridor provide routes to market in every direction. Water rights are secured.
The demand side is equally compelling. West Texas consumes far more diesel than it produces, and more than $60 billion of approved ERCOT transmission expansion is set to change the region from a constrained power island into a connected, export-enabled hub. Both MMEX projects are positioned inside that convergence.
Why MMEX
Position, Experience, & Structure
1. MMEX controls a development platform in Pecos County with land, water rights, easements, rail access, and pipeline connectivity already secured — the part of energy development that takes years and cannot be shortcut. It is done.
2. Leadership has been developing energy infrastructure together for more than thirty years, including a greenfield integrated gas and power project in one of the most logistically difficult environments in the world, delivered on time and on budget.
3. Two projects, developed in parallel on adjacent sites, sharing infrastructure, permitting pathways, engineering partners, and a single management team.
60,000 bpd + 1 GW+
Combined platform scale across refining and power (Pecos + Trans Permian)
GROWTH STRATEGY
MMEX is building a platform rather than a project
The near-term goal is financial close and construction on both Pecos County projects, each designed to expand on already-secured sites — the refinery through repeatable modular trains, the power project from 220 MW toward 1 GW.
Longer term, MMEX continues to evaluate carbon capture, hydrogen, and related infrastructure where the same fundamentals apply.
Current Projects
Optimizing existing refining capacity with high-efficiency infrastructure and cleaner processes.
Expansion on Secured Sites
Both projects designed to add capacity without acquiring new land.
Hydrogen
Blue hydrogen production integrated into the power project, with capacity to expand.
Carbon Capture
CO₂ capture and utilization built into both developments.
Additional Infrastructure
Continued evaluation of opportunities where resource supply and demand converge.
Company Timeline
Through the decades
1986–1992
Nine acquisitions completed
Production interests in more than 450 wells across Texas, Oklahoma, Kansas, and Utah, ten gas processing plants, and roughly 1,287 km of gathering and transmission infrastructure.
1994
International development begins
Aguaytia project development begins in Peru and Pucallpa refinery acquired in Peru, with Production Blocks 31 B/D and 31-C.
1998
Aguaytia reaches commercial operation
An integrated gas production, power generation, and transmission project in the central Peruvian jungle — delivered on time and on budget within 24 months of financial close.
2010
Current management team takes control of MMEX Resources Corporation
2015
Peru assets sold
2017
Development focus shifts to Pecos County, Texas
MMEX begins assembling the West Texas development platform.
2021
Focus expands to clean fuels infrastructure
Today
Two projects under development
Pecos UltraClean Refining and Trans Permian Energy advancing in parallel on adjacent Pecos County sites.
Two projects. One platform. One region.
Explore the projects under development, or review the filings, presentations, and disclosures behind them.