U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB
              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended March 31, 2003

                                       OR

              [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
              For the transition period from ________ to ________


                            Superior Oil and Gas Co.
             (Exact name of registrant as specified in its charter)

     NEVADA                        000-50173                        87-0537621
--------------              ------------------------              -------------
  (state of                 (Commission File Number)              (IRS Employer
incorporation)                                                     I.D. Number)

                            14910 Northwest 36 Street
                                Yukon, OK 73099
                                  405-350-0404
            -------------------------------------------------------
            (Address and telephone number of registrant's principal
               executive offices and principal place of business)

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 twelve 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  [ ]

As  of  March  31,  2003, there were 8,274,464 shares of the Registrant's Common
Stock,  par  value  $0.001  per  share,  outstanding.

Transitional  Small  Business Disclosure Format (check one):  Yes  [ ]  No  [X]







<PAGE>

                         PART I - FINANCIAL INFORMATION

Item  1.          Financial  Statements
                                                                            PAGE
                                                                            ----

Balance  Sheets  March  31,  2003 (unaudited)                                  3
Statements  of  Operations  March  31,  2003  and
     March  31,  2002  (unaudited)                                             4
Statements  of  Cash  Flows  for  the  Three  Months  Ended
     March  31,  2003  and  March  31,  2002  (unaudited)                      5
Notes to Financial Statements March 31, 2003 and 2002 (unaudited)              6




























                                        2
<PAGE>

                          Superior Oil and Gas Company
                                  Balance Sheet
                                 March 31, 2003
                                  (unaudited)

<TABLE>
<CAPTION>

                                                                     March 31,
                                                                       2003
                                                                   -----------
                                     Assets
<S>                                                                <C>
Assets                                                             $         -
                                                                   ===========


                      Liabilities and Shareholders' Equity

Current  liabilities                                                    33,865

Other  liabilities
  Legal  judgment                                                      454,651
                                                                   -----------
  Total  liabilities                                                   488,516
                                                                   -----------

Shareholders'  Equity
  Common  stock,  $0.001  par  value,
  200,000,000  shares  authorized  8,274,464
  shares  outstanding  at  March  31,  2003                              8,274
Additional  paid-in  capital                                           516,100
Accumulated  deficit                                                (1,012,890)
                                                                   -----------

  Total  shareholders'  equity                                        (488,516)
                                                                   -----------

Total  liabilities  and  shareholders'  equity                     $         -
                                                                   ===========
</TABLE>

     See  Accompanying  Notes  to  Financial  Statements


                                        3
<PAGE>

                          Superior Oil and Gas Company
                            Statements of Operations
                                 March 31, 2003
                                  (unaudited)

<TABLE>
<CAPTION>
                                                           2003         2002
                                                      -----------   -----------
<S>                                                   <C>           <C>
Revenue                                               $         -   $         -
                                                      -----------   -----------

Operating  Expenses
  Office                                                      966           304
  Consulting                                                    -             -
  Judgment                                                  8,442         8,442
                                                      -----------   -----------
                                                            9,408         8,746
                                                      -----------   -----------

Loss before income taxes                                   (9,408)       (8,746)

Income tax expense (benefit)                                    -             -
                                                      -----------   -----------

Net loss                                              $    (9,408)  $    (8,746)
                                                      ===========   ===========

Loss  per  Share:
  Weighted average shares outstanding                   8,274,464     6,274,464
                                                      ===========   ===========

  Earnings (loss) per share                              (nil)          (nil)
                                                      ===========   ===========
</TABLE>


     See  Accompanying  Notes  to  Financial  Statements


                                        4
<PAGE>

                          Superior Oil and Gas Company
                            Statements of Cash Flows
          For the Three Months Ended March 31, 2003 and March 31, 2002
                                  (unaudited)


<TABLE>
<CAPTION>
                                                           2003         2002
                                                      -----------   -----------

Cash  flows  from  operating  activities:
<S>                                                   <C>           <C>
  Net  loss                                           $    (9,408)  $    (8,746)

Adjustment to reconcile net loss to net cash
  provided by (used) by operating activities:

Increase  (decrease)  in  liabilities:

  Accounts  payable                                         9,408         8,746
                                                      -----------   -----------

Net  cash  flows  from  operating  activities                   -             -

Cash flows from investing activities                            -             -

Cash flows from financing activities                            -             -
                                                      -----------   -----------

Decrease  in  cash                                              -             -

Cash beginning of year                                          -             -
                                                      -----------   -----------

Cash  end  of  period                                 $         -   $         -
                                                      ===========   ===========
</TABLE>



     See  Accompanying  Notes  to  Financial  Statements


                                        5
<PAGE>

                          Superior Oil and Gas Company
                          Notes to Financial Statements
                            March 31, 2003 and 2002
                                  (unaudited)


Note  1 - Organization
          ------------

          Superior  Oil  and Gas, Co. (the Company) was incorporated on February
          22,  1989,  as  a  Utah  corporation  under  the  name  Western States
          Resources, Inc. On March 31, 1997, the Company was merged with another
          company,  Western  States  Resources  US,  Inc. (a Nevada corporation)
          under the pooling of interests method and immediately changed its name
          to  Red River Resources, Inc. On June 4, 1997, the Company changed its
          name  to Superior Oil and Gas, Co. The purpose of the Company has been
          to  engage  in  the  development  of  oil  and  gas  properties.


Note  2 - Summary  of  Significant  Accounting  Policies
          ----------------------------------------------

          Method  of  accounting:

          The Company recognizes income and expenses based on the accrual method
          of accounting.

          Earnings  per  share:

          Earnings (loss) per share amounts are computed on the weighted average
          number  of shares  actually  outstanding.

          Cash  and  cash  equivalents:

          For  purposes  of  reporting cash flows, the Company considers cash in
          checking  accounts, savings accounts and certificates of deposit to be
          cash  equivalents.

          Use  of  estimates:

          The  preparation  of financial statements in conformity with generally
          accepted  accounting  principles requires management to make estimates
          and  assumptions  that  affect  the  reported  amounts  of  assets,
          liabilities  and  contingent  liabilities disclosed at the date of the
          financial  statements  and  reported  amounts of revenues and expenses
          during  the  reporting  period. Actual results could differ from those
          estimates.

          Fixed  assets:

          The  Company  records  all  purchases  of fixed assets and oil and gas
          leases  at cost.


                                        6
<PAGE>

                          Superior Oil and Gas Company
                          Notes to Financial Statements
                            March 31, 2003 and 2002
                                  (unaudited)


          Income  taxes:

          Income taxes are provided for the tax effects of transactions reported
          in  the  financial  statements and consist of taxes currently due plus
          deferred  taxes. Deferred taxes are recognized for differences between
          the basis of assets and liabilities for financial statement and income
          tax  purposes.

          The  deferred  tax  assets  and  liabilities  represent the future tax
          return consequences of those differences, which will either be taxable
          or  deductible  when  the  assets  and  liabilities  are  recovered or
          settled.

Note  3 - Related  Party  Transactions
          ----------------------------

          During  1999 and a portion of 2000 the Company held an assignment of a
          working  interest  in oil and gas leases from a related party company.
          During  this  time period the Company also absorbed and paid operating
          costs  to the related party company for its interest percentage in the
          leases.

          In  February  2000  the  Board  of Directors of the Company elected to
          return  to  the related party all of the Company's working interest in
          the  oil  and  gas  leases, in consideration for the cancellation of a
          payable  due  the  related  party company. The payable due the related
          party  company  was  the  result  of  the  Company's inability to keep
          current with the interest percentage of the operating costs associated
          with  the leases. The related company is majority owned and controlled
          by  a  majority  shareholder  of  the  Company.

          The  officers  and  directors  of  the  Company  are involved in other
          business  activities  and  they may, in the future, become involved in
          additional  business ventures, which also may require their attention.
          If a specific business opportunity becomes available, such persons may
          face  a  conflict  in  selecting  between  the Company and their other
          business  interests.  The  Company  has  formulated  no policy for the
          resolutions  of  such  conflicts.

          The Company shares office facilities with a related party company, but
          is  not obligated  to  pay  rent  to  the  related  party  company.


                                        7
<PAGE>
                          Superior Oil and Gas Company
                          Notes to Financial Statements
                            March 31, 2003 and 2002
                                  (unaudited)


Note  4 - Income  Taxes
          -------------

          As of March 31, 2003 and December 31, 2002 the Company had substantial
          net  operating  losses.  Net  operating  losses  and  book  and  tax
          differences are required by generally accepted accounting standards to
          be  recorded. Book and tax differences are not required to be recorded
          when  the consequences of these differences might not be realized. The
          Company  has  substantial net operating losses, which will expire over
          the  next 5 to 15 years, which may or may not be realized, which would
          be  dependant  on  future  earnings,  which  are  currently uncertain.

Note  5 - Going  Concern
          --------------

          The  Company's  financial  statements have been presented on the basis
          that  it  is  a  going  concern, which contemplates the realization of
          assets  and  the  satisfaction  of liabilities in the normal course of
          business.  As  discussed  in  note 3, the Company has relinquished all
          income  generating  assets and currently has a $454,651 judgment filed
          against  the Company. The judgment will continue to accrue interest at
          10%  per  year.  The  Company  is  currently  unable to pay any of the
          judgment  amount  filed  against it. This judgment has also been filed
          against  four  other  related  party  companies.  Management  is still
          unclear as to what steps it needs to implement in regards to acquiring
          any  new  interests  in  the  oil and gas industry or developing other
          forms  of working capital. The financial statements do not include any
          adjustments  that  might  be  necessary  if  the  Company is unable to
          continue  as  a  going  concern.

Note  6 - Earnings  per  Share
          --------------------

          The  Company  computes  net income (loss) per share in accordance with
          SFAS No. 128, Earnings per Share and SEC Staff Accounting Bulletin No.
          98  ("SAB  98"). Under the provisions of SFAS No. 128 and SAB 98 basic
          net  income  (loss)  per  share  is  calculated by dividing net income
          (loss) available to common stockholders for the period by the weighted
          average  number  of  common  shares  outstanding  during  the  period.








                                        8
<PAGE>


Item  2.  Management's  Discussion  and  Analysis  of  Financial  Condition  and
          Results  of  Operations

     The  following  discussion  and analysis should be read in conjunction with
the  financial statements and the accompanying notes thereto for the three-month
period  ended  March  31, 2003 and is qualified in its entirety by the foregoing
and  by  more  detailed financial information appearing elsewhere.  See "Item 1.
Financial  Statements."  The  discussion  includes management's expectations for
the  future.

     Such  expressions  of  expectation  are  not  historical  in nature and are
considered  forward-looking  statements  within  the   meaning  of  the  Private
Securities  Litigation  Reform  Act  of  1995.  Forward-looking  statements  are
subject  to  risks  and  uncertainties  that  may cause actual future results to
differ  materially  from those expressed in any forward-looking statement.  Such
risks  and uncertainties are discussed in the Risk Factors section of our Annual
Report  on  Form  10-KSB.  Copies  of  that filing may be obtained by contacting
Gayla  McCoy  of  our  company  at  14910  Northwest 36 Street, Yukon, OK 73099,
telephone  (405)  350-0404.

Plan  of  Operations  for  the  Next  Twelve  Months

     Our  current  business  plan  is  to  seek, investigate, and, if warranted,
acquire  one  or  more  properties  or  businesses,  and to pursue other related
activities  intended to enhance shareholder value. The acquisition of a business
opportunity  may  be  made by purchase, merger, exchange of stock, or otherwise,
and  may  encompass  assets  or  a business entity, such as a corporation, joint
venture, or partnership. We have no capital, and it is unlikely that we  will be
able  to take advantage of more than one such business opportunity. We intend to
seek opportunities demonstrating the potential of long-term growth as opposed to
short-term  earnings.

     We  are  in  the  development  stage and, since inception, have experienced
significant  liquidity  problems  and have no capital resources or stockholders'
equity.  We  have  no  assets  and  total  liabilities  of  $488,516.

     We  propose to carry out our plan of business as discussed above. We cannot
predict  to  what extent its lack of liquidity and capital resources will impair
the  consummation  of  a  business  combination or whether we will incur further
operating  losses  through  any business entity which we may eventually acquire.

     For  the current fiscal year, we anticipate incurring a loss as a result of
legal  and  accounting expenses, expenses associated with registration under the
Securities  Exchange  Act  of  1934,  and  expenses associated with locating and
evaluating  acquisition  candidates.  We  anticipate  that  until  a  business
combination  is  completed  with  an acquisition candidate, it will not generate
revenues other than interest income, and may continue to operate at a loss after
completing  a  business  combination,  depending  upon  the  performance  of the
acquired  business.

                                        9
<PAGE>

Need  for  Additional  Financing
--------------------------------

     We  do  not  have capital sufficient to meet our cash needs during the next
twelve  months,  including the costs of compliance with the continuing reporting
requirements of the Securities Exchange Act of 1934.  We will have to seek loans
or  equity placements to cover such cash needs.  Due to our recurring losses and
stockholders'  deficiency,  there  can  be  no assurance that we will be able to
obtain the additional funds, which may impact our ability to continue as a going
concern.  The  accompanying  financial statements do not include any adjustments
related  to  the  recoverability and classification of assets or the amounts and
classification  of  liabilities  that  might be necessary should we be unable to
continue  operations as a going concern.  In the event we are able to complete a
business  combination  during this period, the lack of existing capital may be a
sufficient  impediment to prevent us from accomplishing the goal of completing a
business combination. There is no assurance, however, that without funds we will
ultimately  be  able  to  complete  a  business  combination.  Once  a  business
combination  is  completed,  our  needs  for  additional financing are likely to
increase  substantially.

     No  commitments to provide additional funds have been made by management or
other  stockholders.  Accordingly, there can be no assurance that any additional
funds will be available to the company to allow it to cover its expenses as they
may  be  incurred.

     Irrespective  of whether our cash assets prove to be inadequate to meet our
operational  needs,  we  might  seek  to  compensate  providers  of  services by
issuances  of  stock  in  lieu  of  cash.

Item  3.  Controls  and  Procedures

     Evaluation of disclosure controls and procedures.  We maintain controls and
procedures  designed to ensure that information required to be disclosed in this
report  is  recorded, processed, accumulated and communicated to our management,
including  our chief executive officer and our chief financial officer, to allow
timely decisions regarding the required disclosure.  Within the 90 days prior to
the  filing  date  of this report, our management, with the participation of our
chief  executive  officer and chief financial officer, carried out an evaluation
of  the  effectiveness  of the design and operation of these disclosure controls
and  procedures.  Our  chief  executive  officer  and  chief  financial  officer
concluded,  as  of  fifteen  days  prior to the filing date of this report, that
these  disclosure  controls  and  procedures  are  effective.

     Changes  in  internal  controls.  Subsequent  to  the  date  of  the  above
evaluation,  we made no significant changes in our internal controls or in other
factors  that  could  significantly  affect  these controls, nor did we take any
corrective  action,  as  the  evaluation revealed no significant deficiencies or
material  weaknesses.

                          PART II - OTHER INFORMATION

Item  1.  Legal  Proceedings.

     We  are  not,  and  none  of  our property is, a party to any pending legal
proceedings,  and  no  such  proceedings  are known to be contemplated.  We are,
however,  a judgment debtor in the case of  Gotz Werner & Roman Werner v. Daniel


                                       10
<PAGE>

Lloyd,  McCoy  Energy Co., Superior Oil and Gas Co., and Big Daddy's BBQ Sauce &
Spices  Co.,  Superior  Court of Arizona, Maricopa County, No. CV 99-11813.  The
principal  amount of the judgment is $337,686 with ten percent interest accruing
from  and  after  October  14, 1999.  As of March  31, 2003,  the  amount of the
judgment including interest was $454,651 with interest accruing in the quarterly
amount  of  $8,442.

     Daniel  Lloyd,  McCoy Energy Co. and Big Daddy's BBQ Sauce & Spices Co. are
also  judgment  debtors  in  this litigation, each to the same extent and in the
same  amount as our company.  Daniel Lloyd is the chief executive officer, chief
financial  officer and a director of our company.  McCoy Energy Co. is under the
control of Gayla McCoy, the secretary and treasurer of our company.  Big Daddy's
BBQ  Sauce  &  Spices  Co.  is  under  the  control  of Mr. Lloyd and Ms. McCoy.




Item  6.  Exhibits  and  Reports  on  Form  8-K

(a)     Exhibits

     The following exhibits are filed, by incorporation by reference, as part of
this  Form  10-QSB:

     Exhibit       Description

     3(i)          Articles  of  Incorporation                            *
     3(ii)         Bylaws                                                 *
     16            Letter on Change in Certifying Accountant              *
     31            Certification  of  Chief  Executive Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 302 of the
                   Sarbanes-Oxley Act of 2002.
     31.1          Certification  of Chief Financial Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 302 of the
                   Sarbanes-Oxley Act of 2002.
     32            Certification  of  Chief  Executive Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 906 of the
                   Sarbanes-Oxley Act of 2002.
     32.1          Certification  of Chief Financial Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 906 of the
                   Sarbanes-Oxley Act of 2002.

          *  Previously  filed  with  Form  10-SB  on  January  31,  2003, EDGAR
             Accession #0001060830-03-000019;  incorporated  herein.

(b)     Forms  8-K

        None


                                       11
<PAGE>


                                   SIGNATURES

     Pursuant  to  the  requirements of the Exchange Act of 1934, the Registrant
has  duly  caused  this  report  to  be  signed on its behalf by the undersigned
hereunto  duly  authorized.

Date:  March  3,  2004                  Superior  Oil  and  Gas  Co.


                                        By:/s/  Daniel  Lloyd
                                           -------------------------------------
                                           Daniel  Lloyd,  President





























                                       12
<PAGE>

                             Superior Oil & Gas Co.
                          Commission File No. 000-50173

                                  Form 10-QSB
                  For the quarterly period ended March 31, 2003


                                Index to Exhibits


     The  following  exhibits  are filed with this Form 10-QSB Quarterly Report:

     Exhibit       Description

     3(i)          Articles  of  Incorporation                            *
     3(ii)         Bylaws                                                 *
     16            Letter on Change in Certifying Accountant              *
     31            Certification  of  Chief  Executive Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 302 of the
                   Sarbanes-Oxley Act of 2002.
     31.1          Certification  of Chief Financial Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 302 of the
                   Sarbanes-Oxley Act of 2002.
     32            Certification  of  Chief  Executive Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 906 of the
                   Sarbanes-Oxley Act of 2002.
     32.1          Certification  of Chief Financial Officer
                   pursuant to 18 U.S.C. Section 1350,  as
                   adopted  pursuant  to  Section 906 of the
                   Sarbanes-Oxley Act of 2002.

          *  Previously  filed  with  Form  10-SB  on  January  31,  2003, EDGAR
             Accession #0001060830-03-000019;  incorporated  herein.