<?xml version="1.0"?><?xml-stylesheet type="text/xsl" href="../4_X02.xsl"?><ownershipDocument>    <schemaVersion>X0303</schemaVersion>    <documentType>4</documentType>    <periodOfReport>2009-07-09</periodOfReport>    <notSubjectToSection16>0</notSubjectToSection16>    <issuer>        <issuerCik>0000066418</issuerCik>        <issuerName>MEXCO ENERGY CORP</issuerName>        <issuerTradingSymbol>MXC</issuerTradingSymbol>    </issuer>    <reportingOwner>        <reportingOwnerId>            <rptOwnerCik>0001324090</rptOwnerCik>            <rptOwnerName>SMITH JEFFRY A</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>P. O. BOX 1374</rptOwnerStreet1>            <rptOwnerStreet2></rptOwnerStreet2>            <rptOwnerCity>MIDLAND</rptOwnerCity>            <rptOwnerState>TX</rptOwnerState>            <rptOwnerZipCode>US 79702</rptOwnerZipCode>            <rptOwnerStateDescription></rptOwnerStateDescription>        </reportingOwnerAddress>        <reportingOwnerRelationship>            <isDirector>0</isDirector>            <isOfficer>0</isOfficer>            <isTenPercentOwner>0</isTenPercentOwner>            <isOther>1</isOther>            <otherText>Geological Consultant</otherText>        </reportingOwnerRelationship>    </reportingOwner>    <nonDerivativeTable>        <nonDerivativeTransaction>            <securityTitle>                <value>MXC Common Stock</value>            </securityTitle>            <transactionDate>                <value>2009-07-09</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>1000</value>                </transactionShares>                <transactionPricePerShare>                    <value>10.494</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>12610</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>MXC Common Stock</value>            </securityTitle>            <transactionDate>                <value>2009-07-10</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>1000</value>                </transactionShares>                <transactionPricePerShare>                    <value>10.236</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>11610</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>MXC Common Stock</value>            </securityTitle>            <transactionDate>                <value>2009-07-10</value>            </transactionDate>            <deemedExecutionDate></deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>500</value>                </transactionShares>                <transactionPricePerShare>                    <value>10.32</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>11110</value>                    <footnoteId id="F1"/>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>    </nonDerivativeTable>    <footnotes>        <footnote id="F1">Direct beneficial holdings after the sale total 11,110 shares which include vested options to acquire 11,000 shares of the Registrant's Common Stock($0.50 par value) at the following prices: 5,000 shares @ $8.24 per share and 6,000 shares @ $7.00 per share.</footnote>    </footnotes>    <ownerSignature>        <signatureName>Jeffry A. Smith</signatureName>        <signatureDate>2009-07-10</signatureDate>    </ownerSignature></ownershipDocument>