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


       Date of Report (Date of earliest event reported) June 11, 1997


                         CROWN ENERGY CORPORATION                 
          (Exact name of registrant as specified in its charter)


                                   UTAH                
                      (State or other jurisdiction of
                      Incorporation or Organization)


          0-19365                                 87-0368981      
Commission file number                       (I.R.S. Employer
                                          Identification No.)

     215 South State, Suite 550
        Salt Lake City, Utah                         84111        
(Address of principal executive offices)           (Zip Code)



Registrant's telephone number, including area code (801) 537-5610









<PAGE>
Item 1.   Changes in Control of Registrant

          Not applicable.


Item 2.   Acquisition or Disposition of Assets

          Not applicable.


Item 3.   Bankruptcy or Receivership

          Not applicable.


Item 4.   Changes in Registrant's Certifying Accountant

          Not applicable.


Item 5.   Other Events

          Not applicable.


Item 6.   Resignation of Registrant's Directors

          Not applicable.


Item 7.   Financial Statements, Pro Forma Financial Information and
          Exhibits

          Not applicable.


          Exhibits

          The following exhibits are filed with this Report:

          Item 601       Document
           Number         Number          Description            
             2             2.01     Convertible Debenture Agreement 

     

Item 8.   Changes in Fiscal Year

          Not applicable.     
                                     

<PAGE>
Item 9.   Sales of equity securities pursuant to Regulation S

               On May 6, 1997, the Company entered into a
          Convertible Debenture Agreement ("Agreement") with
          Oriental New Investments, Ltd., a Hong Kong corporation
          ("ONI").  Pursuant to the Agreement, on May 13, 1997, the
          Company issued a 9% Convertible Debenture (the
          "Debenture") to ONI in the principal amount of $150,000. 
          No underwriters or placement agents were utilized by
          either the Company or ONI in negotiating the Agreement or
          in issuing the Debenture.  The Debenture was issued
          pursuant to the exemption from registration under Section
          5 of the Securities Act of 1933, as amended, provided by
          Rule 903 of Regulation S.

               Under the terms of the Debenture, payment of
          interest only is due and payable quarterly commencing
          July 31, 1997.  Payment of the remainder of the accrued
          interest and all principal under the Debenture is due
          November 13, 1997 (the "Due Date").  At any time
          following July 13, 1997, the holder of the Debenture may
          elect to convert the principal and accrued interest under
          the Debenture, in whole or in part, to shares of the
          Company's common stock at 65% of the average closing bid
          price as reported on the NASD Electronic Bulletin Board
          for the ten (10) preceding business days.  In addition,
          at any time prior to the Due Date, the Company may elect
          to prepay, without penalty or premium, the outstanding
          principal or accrued interest, in whole or in part, upon
          fifteen (15) days written notice to the holder of the
          Debenture.




















<PAGE>
                                SIGNATURES

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


                                   CROWN ENERGY CORPORATION       



Date: June 11, 1997                 By: /s/ Rich Rawden            
                                      Rich Rawdin, Vice President 

































                                     



                                    
<PAGE>                                    
                            INDEX TO EXHIBITS

                                                            
   SEC                                              Sequentially
Reference   Exhibit                                   Numbered
  Number     Number       Title of Document              Page  

    2        2.01      Convertible Debenture Agreement     6
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4799}]
{"company-data": {"conformed-name": "CROWN ENERGY CORP", "cik": "0000876528", "assigned-sic": "1381", "irs-number": "870368981", "state-of-incorporation": "UT", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19365", "film-number": "97623272"}, "business-address": {"street1": "215 SOUTH STATE SUITE 550", "city": "SALT LAKE CITY", "state": "UT", "zip": "84111", "phone": "8015375610"}, "mail-address": {"street1": "215 SOUTH STATE ST", "city": "SALT LAKE CITY", "state": "UT", "zip": "84111"}}
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

       Date of Report (Date of earliest event reported) June 11, 1997

                         CROWN ENERGY CORPORATION                 
          (Exact name of registrant as specified in its charter)

                                   UTAH                
                      (State or other jurisdiction of
                      Incorporation or Organization)

          0-19365                                 87-0368981      
Commission file number                       (I.R.S. Employer
                                          Identification No.)

     215 South State, Suite 550
        Salt Lake City, Utah                         84111        
(Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code (801) 537-5610
Item 1.   Changes in Control of Registrant

          Not applicable.

Item 2.   Acquisition or Disposition of Assets

          Not applicable.

Item 3.   Bankruptcy or Receivership

          Not applicable.

Item 4.   Changes in Registrant's Certifying Accountant

          Not applicable.

Item 5.   Other Events

          Not applicable.

Item 6.   Resignation of Registrant's Directors

          Not applicable.

Item 7.   Financial Statements, Pro Forma Financial Information and
          Exhibits

          Not applicable.

          Exhibits

          The following exhibits are filed with this Report:

          Item 601       Document
           Number         Number          Description            
             2             2.01     Convertible Debenture Agreement 

     

Item 8.   Changes in Fiscal Year

          Not applicable.
Item 9.   Sales of equity securities pursuant to Regulation S

               On May 6, 1997, the Company entered into a
          Convertible Debenture Agreement ("Agreement") with
          Oriental New Investments, Ltd., a Hong Kong corporation
          ("ONI").  Pursuant to the Agreement, on May 13, 1997, the
          Company issued a 9% Convertible Debenture (the
          "Debenture") to ONI in the principal amount of $150,000. 
          No underwriters or placement agents were utilized by
          either the Company or ONI in negotiating the Agreement or
          in issuing the Debenture.  The Debenture was issued
          pursuant to the exemption from registration under Section
          5 of the Securities Act of 1933, as amended, provided by
          Rule 903 of Regulation S.

               Under the terms of the Debenture, payment of
          interest only is due and payable quarterly commencing
          July 31, 1997.  Payment of the remainder of the accrued
          interest and all principal under the Debenture is due
          November 13, 1997 (the "Due Date").  At any time
          following July 13, 1997, the holder of the Debenture may
          elect to convert the principal and accrued interest under
          the Debenture, in whole or in part, to shares of the
          Company's common stock at 65% of the average closing bid
          price as reported on the NASD Electronic Bulletin Board
          for the ten (10) preceding business days.  In addition,
          at any time prior to the Due Date, the Company may elect
          to prepay, without penalty or premium, the outstanding
          principal or accrued interest, in whole or in part, upon
          fifteen (15) days written notice to the holder of the
          Debenture.
SIGNATURES

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

                                   CROWN ENERGY CORPORATION       

Date: June 11, 1997                 By: /s/ Rich Rawden            
                                      Rich Rawdin, Vice President
INDEX TO EXHIBITS

                                                            
   SEC                                              Sequentially
Reference   Exhibit                                   Numbered
  Number     Number       Title of Document              Page  

    2        2.01      Convertible Debenture Agreement     6