UNITED STATES

                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                                Form 10-Q

MARK ONE
  |X|         QUARTERLY  REPORT  PURSUANT  TO SECTION 13 or 15(d) OF THE
              SECURITIES EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended June 30, 1997

  |_|         TRANSITION  REPORT  PURSUANT TO SECTION 13 or 15(d) OF THE
              SECURITIES EXCHANGE ACT OF 1934

                         Commission File Number 0-11313


                         MAY DRILLING PARTNERSHIP 1983-2
                         MAY LIMITED PARTNERSHIP 1983-2
             (Exact name of registrant as specified in its charter)



                                                     75-1915688
              Texas                                  75-1915682
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                 Identification Number)

4582 South Ulster Street Parkway
                Suite 1700
          Denver, Colorado                             80237
(Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code: (303) 850-7373

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes |X| No |_|










                                  Page 1 of 10


<PAGE>


<TABLE>
<CAPTION>

                                                        

                         MAY DRILLING PARTNERSHIP 1983-2
                                 BALANCE SHEETS
                                   (Unaudited)
                                 (In thousands)



                                       June 30,     December 31,
                                         1997           1996
                                         ----       ------------


ASSETS

Investment in
<S>                                      <C>             <C> 
     May Limited Partnership 1983-2      $376            $397
                                          ===             ===


PARTNERS' CAPITAL

Partners' Capital                      $376               $397 
                                        ===               ====





<FN>

NOTE:       The  statements  of  operations  and  cash  flows  for May  Drilling
            Partnership  1983-2 are not presented  because such  information  is
            equal to the limited  partner's  share of such activity as presented
            in the May Limited Partnership 1983-2 financial statements.  The May
            Drilling   Partnership   carries  its   investment  in  May  Limited
            Partnership 1983-2 on the equity method. The May Limited Partnership
            1983-2 financial statements should be read in conjunction with these
            balance sheets.

</FN>















<FN>

                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>
<TABLE>
<CAPTION>


                         MAY LIMITED PARTNERSHIP 1983-2
                                 BALANCE SHEETS
                                   (Unaudited)
                                 (In thousands)



                                        June 30,    December 31,
                                         1997          1996  
                                         ----          ----  
                                                       
                                                       



ASSETS
CURRENT ASSETS
<S>                                     <C>              <C>
   Cash and cash equivalents            $ 194             $157
   Accrued oil and gas sales               81              161
   Due from affiliate                      28
                                          ---             ----
            Total                         303              318
                                          ---              ---



OIL AND GAS PROPERTIES,
    using the full cost method
    of accounting                        16,647         16,618
        Less accumulated depletion      (16,113)       (16,072)
                                        --------       -------
            Net oil and gas
            properties                      534            546
                                            ---            ---



TOTAL ASSETS                             $ 837          $ 864 
                                           ===            ===



LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES
   Accounts payable and accrued                   
   liabilities                        $  17         $    22
   Due to affiliate                                       5
                                       -----         ------
            Total                         17             27
                                        ----           ----



PARTNERS' CAPITAL
   General partner                       444            440
   Limited partner                       376            397
                                         ---            ---
            Total                        820            837
                                         ---            ---



TOTAL LIABILITIES AND             
      PARTNERS' CAPITAL               $  837        $   864
                                         ===            ===









<FN>


                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>



<PAGE>
<TABLE>
<CAPTION>


                         MAY LIMITED PARTNERSHIP 1983-2
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
                   (In thousands, except for unit information)



                                        For the Three Months
                                           Ended June 30,

                                       1997              1996
                                       ----              ----

REVENUES
<S>                                 <C>                 <C>
     Oil revenue                    $   15              $  29
     Gas revenue                       125                213
     Interest                            3                  2
                                       ----               ---
              Total                    143                244
                                       ---                ---

COSTS AND EXPENSES
     Lease operating                    19                 26
     General and administrative         16                 25
     Depletion                          21                 29
     Professional services and other     3                  3
     Litigation settlement                                  2
                                       ----              ----
              Total                     59                 85
                                        --               ----



NET INCOME                            $ 84              $  159
                                       =====             =====



ALLOCATION OF NET
INCOME:
     General Partner                $   39              $   74                
                                        ==                  ==
     Limited Partner                $   45              $   85             
                                       ===                  ==



         Per initial $1,000 limited
              partner investment      $4.26               $  8.05
                                      ====                   ====



       Weighted average initial
       $1,000 limited partner
       investment units outstanding    10,557                10,557
                                       ======                ======








<FN>
                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>
<TABLE>
<CAPTION>


                         MAY LIMITED PARTNERSHIP 1983-2
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
                   (In thousands, except for unit information)



                                      For the Six Months Ended
                                              June 30,

                                       1997                  1996
                                       ----                  ----
REVENUES
<S>                                 <C>                     <C>   
     Oil revenue                    $    39                 $   55
     Gas revenue                        325                    457
     Interest                             5                      4
                                       ----                    ---
              Total                     369                    516
                                       ----                    ---
COSTS AND EXPENSES
     Lease operating                     40                     53
     General and administrative          37                     50
     Depletion                           41                     55
     Professional services and other      8                      5
     Litigation settlement                                       2
                                        ----                    ---
              Total                      126                    165
                                         ---                    ---



NET INCOME                             $243                   $ 351
                                      =====                   ======    


ALLOCATION OF NET
INCOME:



     General Partner                  $ 113                    $ 159     
                                        ===                      ===
     Limited Partner                  $ 130                    $ 192
                                        ===                      ===

         Per initial $1,000 limited
              partner investment    $ 12.31                    $ 18.19
                                      =====                      =====


         Weighted average initial
         $1,000 limited partner investment           
         units outstanding             10,557                   10,557
                                       =======                  ======








<FN>
                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                         MAY LIMITED PARTNERSHIP 1983-2
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (In thousands)



                                      For the Six Months Ended
                                              June 30,

                                          1997           1996
                                         -----           ----
OPERATING ACTIVITIES:
<S>                                 <C>               <C>    
     Net income                     $      243        $   351
     Adjustment to reconcile net
     income to net cash provided by
         operating activities:
              Depletion                     41             55
                                            --             --
              Cash from operations before  
               working capital changes     284            406
     Changes in assets and liabilities
       provided (used) cash:
              Accrued oil and gas sales     80             (2)
              Due from affiliate           (28)           (34)
              Accounts payable and accrued
               liabilities                  (5)           (14)
              Due to affiliate              (5)
                  Net cash provided by
                  operating activities      326            356
                                            ---            ---
INVESTING ACTIVITIES:
     Additions to oil and gas
     properties                             (29)            (3)
                                            ----            --- 
FINANCING ACTIVITIES:
     Distributions to partners              (260)          (329)
                                             ----          -----

NET INCREASE IN CASH
   AND CASH EQUIVALENTS                       37             24

CASH AND CASH EQUIVALENTS:
     Balance, beginning of period             157            148
                                              ---            ---
     Balance, end of period                 $ 194          $ 172
                                              ===            ===




<FN>
                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>


                         MAY LIMITED PARTNERSHIP 1983-2
                          NOTE TO FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1 -      GENERAL

The financial  statements  presented are those of May Limited Partnership 1983-2
(the "Partnership").  The interim financial data are unaudited;  however, in the
opinion of the general  partner,  the  interim  data  include  all  adjustments,
consisting  only  of  normal  recurring   adjustments,   necessary  for  a  fair
presentation of the results for the interim periods.  These financial statements
should be read in  conjunction  with the financial  statements and notes thereto
included in the Partnership's December 31, 1996 Annual Report on Form 10-K.


ITEM 2 -      MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
              RESULTS OF OPERATION

Liquidity and Capital Resources

The Partnership generated $326,000 of cash flow from operating activities during
the six months ended June 30, 1997 and $260,000 was  distributed to partners.  A
distribution  payable to partners of record as of June 30, 1997 was  declared in
July 1997. The distribution amount is $123,000,  payable $71,000 to May Drilling
Partnership  1983-2  partners  and  $52,000  to  the  general  partner.   Future
distributions  are dependent on future prices for the  Partnership's  production
and the production level of the Partnership's remaining oil and gas reserves.

Results of Operations

Second Quarter 1997 Compared to Second Quarter 1996

Oil Revenue

Oil revenue  decreased  $14,000 in the second quarter of 1997 as compared to the
corresponding  period in 1996 as the  result  of a  decrease  in oil  production
combined  with a decrease  in the  average  oil  price.  The  average  oil price
decreased  from  $20.84 per  barrel in 1996 to $18.92  per  barrel in 1997.  Oil
production  decreased 40% due to the  temporary  shut-in of two wells during May
and June of 1997 while workover procedures were performed.

Gas Revenue

Gas revenue  decreased  $88,000 during the second quarter of 1997 as compared to
the  corresponding  period in 1996 as the  result of a  decrease  in  production
combined  with a decrease  in price.  Gas  production  decreased  29% due to the
temporary  shut-in  of two  wells  during  May and June of 1997  while  workover
procedures were performed. The average gas price decreased from $2.58 per mcf in
1996 to $2.14 per mcf in 1997.

Interest

Interest  income  increased  $1,000 during the second  quarter of 1997 as 
compared with the second  quarter of 1996 due to a higher average cash balance
during 1997.


<PAGE>


Lease Operating

Lease  operating  expense  decreased  $7,000 for the  second  quarter of 1997 as
compared  to the  corresponding  period in 1996  primarily  due to a decrease in
production  taxes resulting from the decreased oil and gas production  discussed
above.

General and Administrative

General and administrative expense decreased $9,000 during the second quarter of
1997 as  compared  to the  second  quarter  of  1996  due to a  decrease  in the
allocation of overhead from the general partner.

Depletion

Depletion expense decreased $8,000 during the second quarter of 1997 as compared
with the second  quarter of 1996 as a result of a lower  depletion  rate  during
1997 due to the decrease in oil and gas production discussed above.

Six Months Ended June 30, 1997 Compared to the Six Months Ended June 30, 1996

The  comparisons for the six months ended June 30, 1997 and the six months ended
June 30, 1996 are  consistent  with those  discussed in the second  quarter 1997
compared to the second quarter of 1996 except for the following:

Oil Revenue

Oil revenue decreased $16,000 during the first six months of 1997 as compared to
the  corresponding  period in 1996  primarily  due to a decrease in  production,
partially  offset by an increase in the average oil price. The average oil price
increased  from  $20.14 per  barrel in 1996 to $21.01  per  barrel in 1997.  Oil
production  decreased 31% due to the  temporary  shut-in of two wells during May
and June of 1997 while workover procedures were performed.

Gas Revenue

Gas revenue  decreased  $132,000 during the first six months of 1997 as compared
to the  corresponding  period in 1996  primarily  as the result of a decrease in
production  combined with a decrease in price. Gas production  decreased 23% due
to the temporary shut-in of two wells during May and June of 1997 while workover
procedures were performed. The average gas price decreased from $2.88 per mcf in
1996 to $2.67 per mcf in 1997.

Professional Services and Other

Professional  services and other expense  increased  $3,000 during the first six
months of 1997 as compared  with the first six months of 1996  primarily  due to
the timing of these expenses.

Litigation Settlement

Litigation  settlement  expense  during  the six  months  ended  June  30,  1996
represents the expense incurred to settle a property related lawsuit.



<PAGE>


PART II -     OTHER INFORMATION


ITEM 1 -      LEGAL PROCEEDINGS

              Reference  is made to Item 8 - Note 4 of Form  10-K  for the  year
              ended December 31, 1996.


ITEM 2  -     CHANGES IN SECURITIES

              None.


ITEM 3  -     DEFAULTS UPON SENIOR SECURITIES

              None.


ITEM 4  -     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

              None.


ITEM 5  -     OTHER INFORMATION

              None.


ITEM 6  -     EXHIBITS AND REPORTS ON FORM 8-K

              None.



<PAGE>




                                                       -10-

SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Partnerships  have duly caused  this report to be signed on their  behalf by the
undersigned, thereunto duly authorized.


                               MAY DRILLING PARTNERSHIP
                               1983-2
                               MAY LIMITED PARTNERSHIP
                               1983-2

                               By:      EDP OPERATING, LTD.,
                                        General Partner

                                        By:   HEPGP LTD.,
                                               General Partner

                                        By:   HALLWOOD G. P.,
                                                 INC.,
                                              General Partner



Date:   August 11, 1997                 By:     Robert S. Pfeiffer
        -----------------                   ---------------------------------
                                             Robert S. Pfeiffer, Vice President
                                            (Principal Accounting Officer)