Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MCCOMIC TAMMY
   2. Issuer Name and Ticker or Trading Symbol
MEXCO ENERGY CORP [MXC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last)
(First)
(Middle)
6006 S HWY 349		 3. Date of Earliest Transaction (Month/Day/Year)
02/22/2011
(Street)

MIDLAND, TX US 79706		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
MXC Common Stock 02/22/2011   M   10,000 A $ 8.24 19,250 D  
MXC Common Stock 02/22/2011   S   2,500 D $ 9.102 16,750 D  
MXC Common Stock 02/23/2011   S   7,500 D $ 10.4625 9,250 D  
MXC Common Stock 02/24/2011   S   1,800 D $ 13.5 7,450 D  
MXC Common Stock 02/24/2011   M   2,000 A $ 4.35 7,450 (1) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 8.24 02/22/2011   M     10,000 07/12/2010(2) 07/12/2011 Common Stock 10,000 $ 0 32,500 D  
Employee Stock Option (right to buy) $ 4.35 02/24/2011   M     2,000 12/10/2010 12/10/2012 Common Stock 2,000 $ 0 30,500 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCCOMIC TAMMY
6006 S HWY 349
MIDLAND, TX US 79706		       Executive Vice President  

Signatures

 Tammy L. McComic   02/24/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Direct beneficial holdings after the sale total 7,450 shares which include vested options to acquire 3,000 shares of the Registrant's Common Stock ($0.50 par value) at $4.35 per share.
(2) The shares vest 1/4 each year from grant date for four consecutive years as follows: 10,000 options @ $8.24 per share were granted on 7/12/2006, fully vested on 7/12/2010 and expire on 7/12/2011 and 5,000 options @ $4.35 per share were granted on 12/10/2007, vested on 7/12/2010 and expire on 7/12/2012.
(3) The shares vest 1/4 each year from grant date for four consecutive years as follows: 5,500 options @ $4.35 per share were granted on 12/10/2007 and expire on 12/10/2012 and 25,000 options @ $6.29 per share were granted on 8/16/2010 and expire on 8/16/2020. Of these 30,500 shares, 3,000 shares are vested.

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