<ARTICLE> 5 <LEGEND> THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TEXOIL, INC. 12/31/98 10-KSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 423 <SECURITIES> 0 <RECEIVABLES> 4,413 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,910 <PP&E> 50,049 <DEPRECIATION> 5,330 <TOTAL-ASSETS> 51,090 <CURRENT-LIABILITIES> 4,288 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 393 <OTHER-SE> 10,909 <TOTAL-LIABILITY-AND-EQUITY> 51,090 <SALES> 9,190 <TOTAL-REVENUES> 10,356 <CGS> 5,246 <TOTAL-COSTS> 5,782 <OTHER-EXPENSES> 4,273 <LOSS-PROVISION> 1,208 <INTEREST-EXPENSE> 982 <INCOME-PRETAX> (1,889) <INCOME-TAX> 1,003 <INCOME-CONTINUING> (886) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (886) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)