<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from teh
consolidated financial statements of XCL Ltd. and Subsdiaries for the three
month period ended March 31, 1995, and the three and twelve month periods ended
March 31 and December 31, 1994, and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<MULTIPLIER> 1000
       
                                                                       
<PERIOD-TYPE>                   3-MOS                   3-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994             DEC-31-1994
<PERIOD-END>                               MAR-31-1995             MAR-31-1994             DEC-31-1994
<CASH>                                           2,469                  18,620                   6,751
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                      647                   1,347                   1,833
<ALLOWANCES>                                       113                       0                     113
<INVENTORY>                                          0                       0                       0
<CURRENT-ASSETS>                                 3,151                  20,051                   8,624
<PP&E>                                         221,432                 203,883                 217,339
<DEPRECIATION>                                 100,736                  71,809                 100,079
<TOTAL-ASSETS>                                 149,226                 175,602                 149,803
<CURRENT-LIABILITIES>                           11,473                  12,832                  10,187
<BONDS>                                              0                       0                       0
<COMMON>                                         2,374                   1,904                   2,372
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                        649                     649                     649
<OTHER-SE>                                      92,250                  93,397                  92,179
<TOTAL-LIABILITY-AND-EQUITY>                   149,226                 175,602                 149,803
<SALES>                                            678                   1,338                   4,336
<TOTAL-REVENUES>                                   678                   1,338                   4,336
<CGS>                                            1,947                   2,500                  38,211
<TOTAL-COSTS>                                    1,947                   2,500                  38,211
<OTHER-EXPENSES>                                   (13)                    (25)                   (826)
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                                 356                     455                   1,831
<INCOME-PRETAX>                                 (1,612)                 (1,592)                (34,880)
<INCOME-TAX>                                         0                       0                       0
<INCOME-CONTINUING>                             (1,612)                 (1,592)                (34,880)
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                  (1,742)                 (1,742)
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                    (1,612)                 (3,334)                (36,622)
<EPS-PRIMARY>                                     (.01)                   (.02)                   (.21)
<EPS-DILUTED>                                        0                       0                       0