content: SECURITIES AND EXCHANGE COMMISSION
  
                                Washington, DC 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):     December 5, 2002
  
  
                              MEXCO ENERGY CORPORATION
                              ------------------------
                 (Exact name of registrant as specified in charter)
  
  
             Colorado                        0-6694                84-0627918
  -------------------------------       ----------------       -------------------
  (State or other jurisdiction of       (Commission No.)         (IRS Employer
         of incorporation)                                     Identification No.)
  
  214 W. Texas, Suite 1101, Midland, Texas                           79701
  ----------------------------------------                         ----------
  (Address of principal executive offices)                         (Zip Code)
  
  <PAGE>
  
                              MEXCO ENERGY CORPORATION
  
                                        Index
  
  ITEM 5.   OTHER EVENTS........................................................ 3
  
                                         2
  <PAGE>
  
  ITEM 5.   OTHER EVENTS
  
       (a)  On  December  5, 2002,  the  Registrant  entered  into an  Exploration
  Agreement  with Falcon Bay Operating,  LLC.  Pursuant to such  agreement,  Mexco
  Energy  Corporation  has obtained the option to purchase and  inventory  seismic
  data and  acreage  in the  shallow  water  areas of Texas and  Louisiana.  These
  prospects  would be offered to other third party  investors  involving a carried
  interest which would be split equally between Falcon Bay and the Registrant.  In
  consideration  for the option to obtain four such purchase  options,  Registrant
  has issued  warrants to purchase  107,500  shares of common stock at an exercise
  price of $5.00 per share.  Such  warrants  are  exercisable  for a period of two
  years from date of grant. Additional warrants,  exercisable at the same exercise
  price and  exercisable for two years,  would be issued  covering  322,500 shares
  upon  exercise  of the  Registrant's  right  to  participate  in a total of four
  prospects.  Registrant will have an obligation to pay its share of expenses upon
  completion of carried interest and would bear the risk of loss in the event that
  any of these prospects are not sold.
  
       These  prospects will involve high risk and reserve  potential in the 50 to
  500 billion  cubic feet of natural gas at depths of 4,500 to 20,000 feet.  These
  prospects  will be subject  to the right of first  refusal of two larger oil and
  gas companies which generally seek larger reserves at deeper depths.
  
       Registrant  estimates that such  transactions may involve the commitment of
  up to  approximately  $1.5 to 2.5 million,  which would entail  borrowing and be
  dependent  upon  Registrant's  ability to re-sell the  prospects  and repeat the
  process  within  its  lending  limits or subject to  obtaining  other  financing
  arrangements.
  
       Registrant  has exercised its option to purchase at an aggregate cash price
  of $597,301  the acreage and seismic data on the first  prospect  located in the
  Galveston Bay  transition  zone with a well expected to be drilled to a depth of
  12,500 feet.  Falcon Bay is  negotiating to sell this prospect on the basis of a
  carried interest in the first well and Registrant being responsible for the cost
  of its share in any subsequent  wells. At casing point Registrant has the option
  to  purchase  Falcon  Bay's  interest in each  prospect,  in  consideration  for
  issuance of Registrant's stock .
  
       The coastal transition zone includes shallow  state-owned  waters,  coastal
  wetlands and onshore property.  It is where the US Gulf of Mexico  "transitions"
  into the Texas and Louisiana onshore area.
  
                                      SIGNATURE
  
  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
  
                                          By: /s/ Nicholas C. Taylor
                                             ----------------------------
                                          Nicholas C. Taylor, President
  
  Date:     December 5, 2002
  
                                          3
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metadata_filer: {"company-data": {"conformed-name": "MEXCO ENERGY CORP", "cik": "0000066418", "assigned-sic": "1311", "irs-number": "840627918", "state-of-incorporation": "CO", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06694", "film-number": "02851330"}, "business-address": {"street1": "214 W TEXAS AVENUE", "street2": "SUITE 1101", "city": "MIDLAND", "state": "TX", "zip": "79701", "phone": "9156821119"}, "mail-address": {"street1": "214 W TEXAS AVENUE", "street2": "SUITE 1101", "city": "MIDLAND", "state": "TX", "zip": "79701"}, "former-company": {"former-conformed-name": "MILLER OIL CO", "date-changed": "19800702"}}
text: SECURITIES AND EXCHANGE COMMISSION
  
                                Washington, DC 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):     December 5, 2002
  
                              MEXCO ENERGY CORPORATION
                              ------------------------
                 (Exact name of registrant as specified in charter)
  
             Colorado                        0-6694                84-0627918
  -------------------------------       ----------------       -------------------
  (State or other jurisdiction of       (Commission No.)         (IRS Employer
         of incorporation)                                     Identification No.)
  
  214 W. Texas, Suite 1101, Midland, Texas                           79701
  ----------------------------------------                         ----------
  (Address of principal executive offices)                         (Zip Code)
  MEXCO ENERGY CORPORATION
  
                                        Index
  
  ITEM 5.   OTHER EVENTS........................................................ 3
  
                                         2
  ITEM 5.   OTHER EVENTS
  
       (a)  On  December  5, 2002,  the  Registrant  entered  into an  Exploration
  Agreement  with Falcon Bay Operating,  LLC.  Pursuant to such  agreement,  Mexco
  Energy  Corporation  has obtained the option to purchase and  inventory  seismic
  data and  acreage  in the  shallow  water  areas of Texas and  Louisiana.  These
  prospects  would be offered to other third party  investors  involving a carried
  interest which would be split equally between Falcon Bay and the Registrant.  In
  consideration  for the option to obtain four such purchase  options,  Registrant
  has issued  warrants to purchase  107,500  shares of common stock at an exercise
  price of $5.00 per share.  Such  warrants  are  exercisable  for a period of two
  years from date of grant. Additional warrants,  exercisable at the same exercise
  price and  exercisable for two years,  would be issued  covering  322,500 shares
  upon  exercise  of the  Registrant's  right  to  participate  in a total of four
  prospects.  Registrant will have an obligation to pay its share of expenses upon
  completion of carried interest and would bear the risk of loss in the event that
  any of these prospects are not sold.
  
       These  prospects will involve high risk and reserve  potential in the 50 to
  500 billion  cubic feet of natural gas at depths of 4,500 to 20,000 feet.  These
  prospects  will be subject  to the right of first  refusal of two larger oil and
  gas companies which generally seek larger reserves at deeper depths.
  
       Registrant  estimates that such  transactions may involve the commitment of
  up to  approximately  $1.5 to 2.5 million,  which would entail  borrowing and be
  dependent  upon  Registrant's  ability to re-sell the  prospects  and repeat the
  process  within  its  lending  limits or subject to  obtaining  other  financing
  arrangements.
  
       Registrant  has exercised its option to purchase at an aggregate cash price
  of $597,301  the acreage and seismic data on the first  prospect  located in the
  Galveston Bay  transition  zone with a well expected to be drilled to a depth of
  12,500 feet.  Falcon Bay is  negotiating to sell this prospect on the basis of a
  carried interest in the first well and Registrant being responsible for the cost
  of its share in any subsequent  wells. At casing point Registrant has the option
  to  purchase  Falcon  Bay's  interest in each  prospect,  in  consideration  for
  issuance of Registrant's stock .
  
       The coastal transition zone includes shallow  state-owned  waters,  coastal
  wetlands and onshore property.  It is where the US Gulf of Mexico  "transitions"
  into the Texas and Louisiana onshore area.
  
                                      SIGNATURE
  
  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
  
                                          By: /s/ Nicholas C. Taylor
                                             ----------------------------
                                          Nicholas C. Taylor, President
  
  Date:     December 5, 2002
  
                                          3