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 October 16, 1998
Southwest Royalties Institutional Income Fund X-B, L.P.
(Exact name of registrant as specified in
its limited partnership agreement)
Delaware 0-19601
75-2332174
(State or other jurisdiction Commission IRS
Employer
of incorporation) File Number
Identification No.
407 N. Big Spring, Suite 300, Midland, Texas 79701
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (915) 686-9927
None
(Former name or former address, if changed since last report.)
The total number of pages contained in this report is 3.
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Item 2. Acquisition or Disposition of Assets
(a) On September 29, 1998, Southwest Royalties
Institutional Income Fund X-B (the "Registrant") sold
its interest in one oil property to Marathon Oil
Company ("Marathon"), an unrelated party. The
Registrant's interests in the well was sold for net
proceeds, after post closing adjustments, of $167,650
plus the exchange of a 17.08344% interest in one gas
well. At December 31, 1997, the property sold to
Marathon contained proved reserves of 75,310 barrels of
oil and had a SEC 10 value of $190,956. The proceeds
from the sale represented 14% of the Registrant's total
assets.
Item 7. Financial Statements and Exhibits
(b) Pro Forma Financial Information
To be filed within sixty (60) days of the date of
filing of this Current Report on Form 8-K, as permitted
by Item 7 (b) (2) of Form 8-K.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Partnership has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Southwest
Royalties Institutional Income Fund
X-B, L.P.
By:
Southwest Royalties, Inc.
Managing General Partner
By:
/s/ Bill E. Coggin
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Bill E. Coggin
Vice President
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following person
on behalf of the Partnership and in the capacity and on the date
indicated.
Date: October 16, 1998 /s/ Bill E. Coggin
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Bill E. Coggin, Vice President and
Chief Financial Officer
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