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  22, 1999
  
             __________________________________________
  
  
                              XCL LTD.
       (Exact Name of Registrant as Specified in Its Charter)
  
  
                              Delaware
           (State or other Jurisdiction of Incorporation)
  
  
       1-10669                                   51-0305643
  (Commission File Number)                   (I.R.S. Employer
                                            Identification Number)
  
  
                     Petroleum Tower,  Suite 400
                   3639 Ambassador Caffery Parkway
                     Lafayette, Louisiana 70503
              (Address of Principal Executive Offices)
  
  
                            318-989-0449
        (Registrant's Telephone Number, Including Area Code)
  
  
  
  
  Item 5.     Other Events.
  
       On  December  22, 1999, the Company issued a  press  release
  announcing that its wholly owned subsidiary, XCL-Texas, Inc., has
  sold  its  remaining interest in the Berry R. Cox Field in  south
  Texas.   The  sale was effective December 1, 1999.  The  purchase
  price  was  for the sum of $750,000, adjusted for closing  costs,
  and  included  an assignment of an oil payment in the  amount  of
  $600,000,  payable out of 50 percent of the net revenue  interest
  held by the purchaser, and payable in full no later than December
  31,   2000.    The  property  sold  is  the  subject  of  ongoing
  litigation,  and  the  purchaser  has  assumed  the  defense   of
  litigation and agreed to indemnify the Company from any liability
  resultant from that litigation.  The Company expects to record  a
  write-down  of  approximately $4.3 million  on  the  property  at
  December 31, 1999.
  
       The Company divested substantially all of its properties  in
  the south Texas field throughout 1996.
  
  
  
  
                             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.
  
  
                                          XCL LTD.
  
       December 22, 1999                         /s/ Lisha C. Falk
  _________________________               By:_______________________________
               Date                       Name:     Lisha C. Falk
                                          Title:   Corporate Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2634}]
metadata_filer: {"company-data": {"conformed-name": "XCL LTD", "cik": "0000720676", "assigned-sic": "1311", "irs-number": "510305643", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10669", "film-number": "99779226"}, "business-address": {"street1": "PETROLEUM TWR STE 400", "street2": "3639 AMBASSADOR CAFFERY PARKWAY", "city": "LAFAYETTE", "state": "LA", "zip": "70503", "phone": "3189890449"}, "mail-address": {"street1": "PETROLEUM TOWER, SUITE 400", "street2": "3639 AMBASSADOR CAFFERY PARKWAY", "city": "LAFAYETTE", "state": "LA", "zip": "70503"}, "former-company": [{"former-conformed-name": "EXPLORATION CO OF LOUISIANA INC", "date-changed": "19920703"}, {"former-conformed-name": "EXPLORATION COMPANY OF LOUISIANA INC", "date-changed": "19920128"}]}
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  22, 1999
  
             __________________________________________
  
                              XCL LTD.
       (Exact Name of Registrant as Specified in Its Charter)
  
                              Delaware
           (State or other Jurisdiction of Incorporation)
  
       1-10669                                   51-0305643
  (Commission File Number)                   (I.R.S. Employer
                                            Identification Number)
  
                     Petroleum Tower,  Suite 400
                   3639 Ambassador Caffery Parkway
                     Lafayette, Louisiana 70503
              (Address of Principal Executive Offices)
  
                            318-989-0449
        (Registrant's Telephone Number, Including Area Code)
  
  Item 5.     Other Events.
  
       On  December  22, 1999, the Company issued a  press  release
  announcing that its wholly owned subsidiary, XCL-Texas, Inc., has
  sold  its  remaining interest in the Berry R. Cox Field in  south
  Texas.   The  sale was effective December 1, 1999.  The  purchase
  price  was  for the sum of $750,000, adjusted for closing  costs,
  and  included  an assignment of an oil payment in the  amount  of
  $600,000,  payable out of 50 percent of the net revenue  interest
  held by the purchaser, and payable in full no later than December
  31,   2000.    The  property  sold  is  the  subject  of  ongoing
  litigation,  and  the  purchaser  has  assumed  the  defense   of
  litigation and agreed to indemnify the Company from any liability
  resultant from that litigation.  The Company expects to record  a
  write-down  of  approximately $4.3 million  on  the  property  at
  December 31, 1999.
  
       The Company divested substantially all of its properties  in
  the south Texas field throughout 1996.
  
                             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.
  
                                          XCL LTD.
  
       December 22, 1999                         /s/ Lisha C. Falk
  _________________________               By:_______________________________
               Date                       Name:     Lisha C. Falk
                                          Title:   Corporate Secretary