8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934. sd

Date of Report:  February 16, 2011 (Date of earliest event reported)
Mexco Energy Corporation (Exact name of registrant as specified in its charter)
CO (State or other jurisdiction of incorporation)	0-6694 (Commission File Number)		84-0627918 (IRS Employer Identification Number)
214 W. Texas Avenue, Suite 1101 Midland, TX (Address of principal executive offices)		79701 (Zip Code)
Registrant's telephone number, including area code: 432-682-1119

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.13e-4(c))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On February 16, 2011, Mexco Energy Corporation (the “Registrant”) issued a news release to announce its financial results for the quarter ended December 31, 2010.

Copy of news release is filed as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number	Document
99.1	News release dated February 16, 2011.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MEXCO ENERGY CORPORATION
Dated:  February 16, 2011	By:	/s/ Tammy McComic
		Tammy McComic
		Executive Vice President and Chief Financial Officer

EX-99.1

EXHIBIT 99.1

February 16, 2011

FOR IMMEDIATE RELEASE

Mexco Energy Corporation Reports Profitable Third Quarter

MIDLAND, TX – 2/16/11 -- Mexco Energy Corporation (AMEX: MXC) today reported net income of $26,898 for the quarter ending December 31, 2010, the Company’s third quarter of fiscal 2011, compared to net income of $167,145 for the same quarter of fiscal 2010.

Operating revenues in the third quarter of fiscal 2011 were $756,576, a decrease of 13% from $865,169 for the third quarter of fiscal 2010.

The average sales price for the quarter ending December 31, 2010 was $5.34 per Mcfe compared to $5.25 per Mcfe for the quarter ending December 31, 2009, an increase of 2%.  Oil production decreased 8% and gas production decreased 15% during the third quarter of fiscal 2011 as compared to the third quarter of fiscal 2010.  This decrease in oil and gas production is attributable to natural decline.

For the nine months ended December 31, 2010, the Company reported net income of $102,714, compared to $257,492 for the same period of fiscal 2010.  Operating revenues increased 5% to $2,381,608 for the nine months ended December 31, 2010 from $2,269,640 for the same period of fiscal 2010.

During the nine months ended December 31, 2010, the Company made two significant acquisitions.  On August 17, 2010, the Company purchased overriding royalty interests averaging .28% in 5,120 gross acres covering eight sections in the Haynesville trend area of DeSoto Parish, Louisiana, for an approximate purchase price of $1.65 million.  This acreage currently contains five (5) horizontal wells producing from the Haynesville Shale formation and an additional 59 potential drill sites.  Most of the wells will be operated by Petrohawk Operating Company with the balance operated by Chesapeake Energy.  Other wells drilled in the Haynesville area show the presence of at least two (2) other potential producing zones, the Bossier and Cotton Valley, which are held by production and available for developmen t as conditions warrant.  Any development of these royalties will be free to Mexco of expenses for drilling and operations.  The Haynesville area has been estimated to become the largest gas resource in the United States and the fourth largest in the world subject to realization of technical estimates, according to World Oil in its June 2010 edition.  World Oil recognizes DeSoto Parish as one of the top six (6) parishes of Louisiana where the most productive Haynesville wells are located.

And on September 30, 2010, the Company acquired all of the outstanding stock of a Texas corporation which owns royalties producing primarily natural gas for a purchase price of $478,000.  These royalties consist of over 200 properties covering 60 counties and parishes in Oklahoma, Texas, Louisiana, New Mexico, Mississippi and Alabama.

Mexco Energy Corporation owns oil and gas properties in twelve states, with the majority of its activity centered in West Texas.  The Company plans to continue to focus its efforts to increase oil and natural gas reserves through exploration and development as well as acquisition of royalties with significant development potential.

Mexco Energy Corporation and Subsidiaries
CONSOLIDATED BALANCE SHEETS
	December 31,			March 31,
	2010			2010
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	165,573		$	160,439
Accounts receivable:
Oil and gas sales		408,326			538,444
Trade		33,542			63,455
Related parties		-			55
Prepaid costs and expenses		83,688			17,161
Total current assets		691,129			779,554
Property and equipment, at cost
Oil and gas properties, using the full cost method		29,643,465			27,353,016
Other		78,520			76,161
		29,721,985			27,429,177
Less accumulated depreciation, depletion and amortization		14,942,407			14,179,156
Property and equipment, net		14,779,578			13,250,021
	$	15,470,707		$	14,029,575
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued expenses	$	181,204		$	301,160
Long-term debt		1,950,000			700,000
Asset retirement obligations		508,286			486,305
Deferred income tax liabilities		888,158			902,757
Commitments and contingencies
Stockholders' equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding		-			-
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,010,116and 2,003,866 shares issued; 1,950,949and 1,919,866 shares outstanding as of December 31, 2010 and March 31, 2010, respectively		1,005,058			1,001,933
Additional paid-in capital		5,981,814			5,907,899
Retained earnings		5,258,852			5,156,138
Treasury stock, at cost (59,167and 84,000 shares as of
December 31, 2010 and March 31, 2010, respectively)		(302,665	)		(426,617	)
Total stockholders' equity		11,943,059			11,639,353
	$	15,470,707		$	14,029,575

Mexco Energy Corporation and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
	Three Months Ended						Nine Months Ended
	December 31						December 31
	2010			2009			2010			2009
Operating revenue:
Oil and gas	$	752,778		$	857,035		$	2,368,778		$	2,248,789
Other		3,798			8,134			12,830			20,851
Total operating revenues		756,576			865,169			2,381,608			2,269,640
Operating expenses:
Production		200,785			269,154			822,150			779,379
Accretion of asset retirement obligation		8,489			7,963			25,463			23,570
Depreciation, depletion, and amortization		244,065			252,940			763,251			791,474
General and administrative		235,137			198,527			682,820			628,941
Total operating expenses		688,476			728,584			2,293,684			2,223,364
Operating profit		68,100			136,585			87,924			46,276
Other income (expenses):
Interest income		10			100			36			328
Interest expense		(15,151	)		(8,516	)		(25,347	)		(26,877	)
Net other expense		(15,141	)		(8,416	)		(25,311	)		(26,549	)
Earnings before provision for income taxes		52,959			128,169			62,613			19,727
Income tax expense (benefit):
Current		(59,500	)		21,988			(25,502	)		21,988
Deferred		85,561			(60,964	)		(14,599	)		(259,753	)
		26,061			(38,976	)		(40,101	)		(237,765	)
Net income	$	26,898		$	167,145		$	102,714		$	257,492
Earnings per common share:
Basic	$	0.01		$	0.09		$	0.05		$	0.14
Diluted	$	0.01		$	0.09		$	0.05		$	0.13
Weighted average common shares outstanding:
Basic		1,947,370			1,891,866			1,934,953			1,884,598
Diluted		1,961,041			1,946,076			1,951,316			1,946,362

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company's actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherit risks associated with oil and gas production.  A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Form 10-K for the fisca l year ended March 31, 2010.  Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements.

For additional information, please contact:  Nicholas C. Taylor, President and Chief Executive Officer or Tammy L. McComic, Executive Vice President and Chief Financial Officer, both of Mexco Energy Corporation, (432) 682-1119.