Aug
07
MMEX Resources Acquires 126 Acres for Refinery Project
ByThe land site is located near Fort Stockton in Pecos County, Texas and will house the 15-acre, Phase I 10,000 barrel-per-day crude distillation unit.
MMEX Resources Corp., a development-stage company specialized in the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, acquired 126 acres near Fort Stockton in Pecos County, Texas. The company intends to build a Phase I 10,000 barrel-per-day (BPD) crude distillation unit at the location.
On the 126-acre site will be built a smaller-scale refinery with a total footprint of 15 acres. The company intends to file necessary permits and expects to receive full permitting on the initial unit within 45 days of filling. Construction will begin as soon as all permits are issued and is estimated to take 15 months to complete…
