<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated financial statements of XCL Ltd. and Subsidiaries for the nine
month period ended September 30, 1995 and the nine and twelve month periods
ended September 30, 1994 and December 31, 1994, and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<MULTIPLIER>  1000
       
                                                                       
<PERIOD-TYPE>                   9-MOS                   9-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994             DEC-31-1994
<PERIOD-END>                               SEP-30-1995             SEP-30-1994             DEC-31-1994
<CASH>                                             558                  11,451                   6,751
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                      769                   1,724                   1,833
<ALLOWANCES>                                       113                     113                     113
<INVENTORY>                                          0                       0                       0
<CURRENT-ASSETS>                                 1,509                  16,495                   8,624
<PP&E>                                         226,656                 215,654                 217,339
<DEPRECIATION>                                 118,289                  90,218                 100,079
<TOTAL-ASSETS>                                 129,224                 164,477                 149,803
<CURRENT-LIABILITIES>                           14,186                  14,357                  10,187
<BONDS>                                              0                       0                       0
<COMMON>                                         2,486                   2,303                   2,372
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                        647                     649                     649
<OTHER-SE>                                      72,927                 105,197                  92,179
<TOTAL-LIABILITY-AND-EQUITY>                   129,224                 164,477                 149,803
<SALES>                                          2,006                   3,665                   4,336
<TOTAL-REVENUES>                                 2,006                   3,665                   4,336
<CGS>                                           25,986                  24,627                  38,211
<TOTAL-COSTS>                                   25,986                  24,627                  38,211
<OTHER-EXPENSES>                                 (795)                     260                   (826)
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                               2,186                   1,505                   1,831
<INCOME-PRETAX>                               (25,371)                (22,727)                (34,880)
<INCOME-TAX>                                         0                       0                       0
<INCOME-CONTINUING>                           (25,371)                (22,727)                (34,880)
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                 (1,742)                 (1,742)
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                  (25,371)                (24,469)                (36,622)
<EPS-PRIMARY>                                    (.11)                   (.14)                   (.21)
<EPS-DILUTED>                                        0                       0                       0