<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated financial statements of XCL Ltd. and Subsidiaries for the six month
period ended June 30, 1995 and the six and twelve month periods ended June 30,
1994 and December 31, 1994, and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<MULTIPLIER> 1000
       
                                                                       
<PERIOD-TYPE>                   6-MOS                   6-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994             DEC-31-1994
<PERIOD-END>                               JUN-30-1995             JUN-30-1994             DEC-31-1994
<CASH>                                           2,502                  15,880                   6,751
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                    3,688                   1,053                   1,833
<ALLOWANCES>                                       113                       0                     113
<INVENTORY>                                          0                       0                       0
<CURRENT-ASSETS>                                 6,407                  17,196                   8,624
<PP&E>                                         224,959                 209,953                 217,339
<DEPRECIATION>                                 112,074                  82,163                 100,079
<TOTAL-ASSETS>                                 141,381                 172,046                 149,803
<CURRENT-LIABILITIES>                           18,238                  15,989                  10,187
<BONDS>                                              0                       0                       0
<COMMON>                                         2,395                   1,987                   2,372
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                        649                     649                     649
<OTHER-SE>                                      78,876                  97,757                  92,179
<TOTAL-LIABILITY-AND-EQUITY>                   141,381                 172,015                 149,803
<SALES>                                          1,402                   2,547                   4,336
<TOTAL-REVENUES>                                 1,402                   2,547                   4,336
<CGS>                                           15,020                  14,718                  38,211
<TOTAL-COSTS>                                   15,020                  14,718                  38,211
<OTHER-EXPENSES>                                 (132)                    (43)                   (826)
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                               1,389                     879                   1,831
<INCOME-PRETAX>                               (14,875)                (13,007)                (34,880)
<INCOME-TAX>                                         0                       0                       0
<INCOME-CONTINUING>                           (14,875)                (13,007)                (34,880)
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                 (1,742)                 (1,742)
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                  (14,875)                (14,749)                (36,622)
<EPS-PRIMARY>                                    (.07)                   (.10)                   (.21)
<EPS-DILUTED>                                        0                       0                       0