Ft. Stockton’s MMEX Forms Subsid For Solar Power

July 10, 2018

 

A new solar power project is in the works for Pecos County, according to MMEX Resources Corp.

The development-stage company said Monday the project will provide electricity to its planned 10,000 barrel per day crude distillation unit near Fort Stockton in West Texas, where the corporation is based.

MMEX has 126 acres at the site, with four acres set aside for the solar arrays, and has formed MMEX Solar Resources, LLC as a subsidiary to develop the 1 MW solar project.

Jack W. Hanks, President and CEO of MMEX Resources Corp. added that, “in addition, we have entered into preliminary discussions to lease additional acreage allowing us to develop an additional 75 MW to 100 MW of solar power.

“Our planned refinery complex will utilize about two MW of power in Phase1(a) and (b) and about 35-50 MW in Phase 2.

“We believe the remainder of the power can be sold into the grid.”

He added that Pecos County, Texas and the Permian Basin, generally, have great metrics for solar power, noting that other firms are also focusing on solar power in West Texas.