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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 P9afLQnWXSi/rWXj6bfLmVYa/x4pZ4kJMzEoDFf7MoKUreFK1ewg1L4MbHdsv23X
 GHqrtBhZ6QRpF4RJn52TfA==

<SEC-DOCUMENT>0001093801-03-001145.txt : 20030908
<SEC-HEADER>0001093801-03-001145.hdr.sgml : 20030908
<ACCEPTANCE-DATETIME>20030908124939
ACCESSION NUMBER:		0001093801-03-001145
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030905
FILED AS OF DATE:		20030908

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXCO ENERGY CORP
		CENTRAL INDEX KEY:			0000066418
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				840627918
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		214 W TEXAS AVENUE
		STREET 2:		SUITE 1101
		CITY:			MIDLAND
		STATE:			TX
		ZIP:			79701
		BUSINESS PHONE:		9156821119

	MAIL ADDRESS:	
		STREET 1:		214 W TEXAS AVENUE
		STREET 2:		SUITE 1101
		CITY:			MIDLAND
		STATE:			TX
		ZIP:			79701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MILLER OIL CO
		DATE OF NAME CHANGE:	19800702

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRAHAM THOMAS JR
		CENTRAL INDEX KEY:			0001211655

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31785
		FILM NUMBER:		03885538

	BUSINESS ADDRESS:	
		STREET 1:		7609 GLENBROOK ROAD
		CITY:			BETHESEDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		2027452450

	MAIL ADDRESS:	
		STREET 1:		7609 GLENBROOK ROAD
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4thomasgraham-903_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-09-05</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000066418</issuerCik>
        <issuerName>MEXCO ENERGY CORP</issuerName>
        <issuerTradingSymbol>MEXC</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001211655</rptOwnerCik>
            <rptOwnerName>GRAHAM THOMAS JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7609 GLENBROOK ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BETHESEDA</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>20814</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>1</isOther>
         <otherText>Chairman of the Board</otherText>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
            <footnoteId id="F1"/>
      </securityTitle>
      <transactionDate>
         <value>2003-09-05</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>1350</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>7.00</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>5350</value>
            <footnoteId id="F2"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>by spouse</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1"> Direct beneficial holdings total 119,100 shares which include vested options to acquire 32,500 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 10,000 shares @ $7.75 per share, 10,000 shares @ $7.50 per share, 7,500 shares @ $5.25 per share and 5,000 shares @ $6.75 per share.</footnote>

      <footnote id="F2"> 1,350 shares purchased 9-5-03 are owned indirectly by spouse. Total shares indirectly owned total 5,350 shares all of which are owned by spouse.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Thomas Graham, Jr.</signatureName>
      <signatureDate>2003-09-08</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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