**FORM      10-Q**

**000-50173**

**Superior      Oil and Gas Co.**

| NEVADA(state                ofincorporation) | 87-0537621(IRS                EmployerI.D.                Number) |
|----------------------------------------------|-------------------------------------------------------------------|

| Large                accelerated filer o | Accelerated                filer o         |
|------------------------------------------|--------------------------------------------|
| Non-accelerated                filer o   | Smaller                reporting company x |

----

**TABLE      OF CONTENTS**

|                     |   |                                                                                 |   | Page   |
|--------------------------|--------|--------------------------------------------------------------------------------------|--------|--------|
|                     |   |                                                                                 |   |   |   |
| PART                I -  |   | FINANCIAL                INFORMATION                                                 |   | 3      |   |
|                     |   |                                                                                 |   |   |   |
| Item                1.   |   | Financial                Statements                                                  |   | 3      |   |
|                     |   |                                                                                 |   |   |   |
| Item                2.   |   | Management’s                Discussion and Analysis of Financial Condition and |   |   |   |
|                     |   | Results                of Operations                                                 |   | 11     |   |
|                     |   |                                                                                 |   |   |   |
| Item                4.   |   | Controls                and Procedures                                               |   | 14     |   |
|                     |   |                                                                                 |   |   |   |
| PART                II - |   | OTHER                INFORMATION                                                     |   | 14     |   |
|                     |   |                                                                                 |   |   |   |
| Item                1.   |   | Legal                Proceedings                                                     |   | 14     |   |
|                     |   |                                                                                 |   |   |   |
| Item                2.   |   | Unregistered                Sales of Equity Securities and Use of Proceeds           |   | 15     |   |
|                     |   |                                                                                 |   |   |   |
| Item                6.   |   | Exhibits                                                                             |   | 16     |   |
|                     |   |                                                                                 |   |   |   |
| SIGNATURES               |   | 17                                                                                   |   |

----

**PART      I - FINANCIAL INFORMATION**

| **Item                1.** |   | **Financial                Statements** |
|----------------------------|--------|-----------------------------------------|

|                                                                                                                                              |   | PAGE   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| Balance                Sheets as of September 30, 2008 (Unaudited) and December 31,                2007                                           |   |   | 4      |   |
| Statements                of Operations for the Three and Nine Months Ended September 30, 2008                and                2007 (Unaudited) |   |   | 5      |   |
| Statements                of Cash Flows for the Nine Months Ended September 30, 2008 and 2007                (Unaudited)                          |   |   | 6      |   |
| Notes                to Financial Statements                                                                                                      |   |   | 8      |   |

----

**Superior        Oil and Gas Co.**

**Balance          Sheets**

|                                                                  |   | September                  30, |       | December                  31, |   |
|-----------------------------------------------------------------------|--------|--------------------------------|------------|-------------------------------|--------|
| **ASSETS**                                                            |   | 2008                           |       | 2007                          |   |
|                                                                  |   |                           |       |                          |   |
| Current                  Assets                                       |   |                           |       |                          |   |
| Cash                                                                  |   | $                              | 24,887     |                          | $      | 555,987 |   |
| Accounts                  receivable                                  |   |                           | 51,514     |                          |   | 53,899 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Total                  Current Assets                            |   |                           | 76,401     |                          |   | 609,886 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Property                  and Equipment                               |   |                           |       |                          |   |   |   |
| Oil                  and Gas Properties                               |   |                           |       |                          |   |   |   |
| Pipeline                  Right of Way                           |   |                           | 111,600    |                          |   | 111,600 |   |
| Unproved                  properties                             |   |                           | 1,251,090  |                          |   | 1,857,304 |   |
|                                                                  |   |                           | 1,362,690  |                          |   | 1,968,904 |   |
| Other                  property and equipment                         |   |                           |       |                          |   |   |   |
| Leasehold                  improvements                          |   |                           | 531,838    |                          |   | - |   |
| Furniture                  and fixtures                          |   |                           | 67,714     |                          |   | 7,694 |   |
|                                                                  |   |                           | 599,552    |                          |   | 7,694 |   |
| Less                  accumulated depreciation and amortization  |   |                           | (20,154    | )                             |   | - |   |
|                                                                  |   |                           | 579,398    |                          |   | 7,694 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Total                  Property and Equipment                    |   |                           | 1,942,088  |                          |   | 1,976,598 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Total                  Assets                                         |   | $                              | 2,018,489  |                          | $      | 2,586,484 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| **LIABILITIES                  AND SHAREHOLDERS' EQUITY**             |   |                           |       |                          |   |   |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Current                  Liabilities                                  |   |                           |       |                          |   |   |   |
| Accounts                  payable                                     |   | $                              | 899,589    |                          | $      | 466,164 |   |
| Deposits                  for drilling                                |   |                           | -          |                          |   | 519,188 |   |
| Accrued                  salaries                                     |   |                           | 247,500    |                          |   | 180,000 |   |
|                                                                  |   |                           | 1,147,089  |                          |   | 1,165,352 |   |
| Other                  Liabilities                                    |   |                           |       |                          |   |   |   |
| Debtor                  judgment payable                              |   |                           | 640,378    |                          |   | 615,052 |   |
| Loan                  from officers                                   |   |                           | 153,486    |                          |   | 99,109 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Total                  Liabilities                               |   |                           | 1,940,953  |                          |   | 1,879,513 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Stockholders'                  Equity                                 |   |                           |       |                          |   |   |   |
| Common                  stock, $0.001 par value per share             |   |                           |       |                          |   |   |   |
| 200,000,000                  shares authorized, 26,758,082            |   |                           |       |                          |   |   |   |
| outstanding                  at September 30, 2008 and 25,315,214     |   |                           |       |                          |   |   |   |
| outstanding                  at December 31, 2007                     |   |                           | 26,759     |                          |   | 25,316 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Additional                  paid-in capital                           |   |                           | 4,780,473  |                          |   | 4,493,314 |   |
| Subscriptions                  receivable                             |   |                           | -          |                          |   | (63,584 | ) |
| Accumulated                  deficit                                  |   |                           | (4,729,696 | )                             |   | (3,748,075 | ) |
|                                                                  |   |                           |       |                          |   |   |   |
| Total                  Shareholders' Equity                      |   |                           | 77,536     |                          |   | 706,971 |   |
|                                                                  |   |                           |       |                          |   |   |   |
| Total                  Liabilities and Shareholders' Equity           |   | $                              | 2,018,489  |                          | $      | 2,586,484 |   |
|                                                                  |   |                           |       |                          |   |   |   |

----

**Superior        Oil and Gas Co.**

**Statements        of Operations**

|                                                   |   | **Three**                          |           |                               |   | **Nine**                           |   |                               |           |
|--------------------------------------------------------|--------|------------------------------------|----------------|------------------------------------|--------|------------------------------------|--------|------------------------------------|----------------|
|                                                   |   | **Months                  Ended**  |           | **Months                  Ended**  |   | **Months                  Ended**  |   | **Months                  Ended**  |           |
|                                                   |   | **September                  30,** |           | **September                  30,** |   | **September                  30,** |   | **September                  30,** |           |
|                                                   |   | **2008**                           |           | **2007**                           |   | **2008**                           |   | **2007**                           |           |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |
| Revenue                                                |   |                               |           |                               |   |                               |   |                               |           |
| Oil                                                    |   | $                                  | 46,060         |                               | $      | -                                  |   | $                                  | 59,114         |   | $ | - |   |
| Gas                                                    |   |                               | 11,503         |                               |   | 4,056                              |   |                               | 19,871         |   |   | 4,056 |   |
|                                                   |   |                               | 57,563         |                               |   | 4,056                              |   |                               | 78,985         |   |   | 4,056 |   |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Operating                  Expenses                    |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Lease                  operating expenses              |   |                               | 13,680         |                               |   | 5,275                              |   |                               | 18,485         |   |   | 22,955 |   |
| Exploration                  costs                     |   |                               | -              |                               |   | -                                  |   |                               | 57,200         |   |   | - |   |
| Administrative                                         |   |                               | 201,221        |                               |   | 179,931                            |   |                               | 939,441        |   |   | 572,708 |   |
| Judgment                                               |   |                               | 8,442          |                               |   | 8,442                              |   |                               | 25,326         |   |   | 25,326 |   |
| Depreciation                  and amortization         |   |                               | 7,500          |                               |   | -                                  |   |                               | 20,154         |   |   | - |   |
|                                                   |   |                               | 230,843        |                               |   | 193,648                            |   |                               | 1,060,606      |   |   | 620,989 |   |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Loss                  before income taxes              |   |                               | (173,280       | )                                  |   | (189,592                           | )      |                               | (981,621       | ) |   | (616,933 | ) |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Deferred                  income tax expense (benefit) |   |                               | -              |                               |   | -                                  |   |                               | -              |   |   | - |   |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Net                  loss                              |   | **$**                              | **(173,280**   | **)**                              | **$**  | **(189,592**                       | **)**  | **$**                              | **(981,621**   | **)** | **$** | **(616,933** | **)** |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
|                                                   |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Basis                  loss per share:                 |   |                               |           |                               |   |                               |   |                               |           |   |   |   |   |
| Weighted                  average shares outstanding   |   |                               | **26,448,577** |                               |   | **25,032,558**                     |   |                               | **26,213,664** |   |   | **22,123,558** |   |
| Loss                  per share                        |   | **$**                              | **(0.01**      | **)**                              | **$**  | **(0.01**                          | **)**  | **$**                              | **(0.04**      | **)** | **$** | **(0.03** | **)** |

----

**Superior        Oil and Gas Co.**

**Statements        of Cash Flows**

**(unaudited)**

|                                                                    |   | **Nine**                           |      | **Nine**                           |   |
|-------------------------------------------------------------------------|--------|------------------------------------|-----------|------------------------------------|--------|
|                                                                    |   | **Months                  Ended**  |      | **Months                  Ended**  |   |
|                                                                    |   | **September                  30,** |      | **September                  30,** |   |
|                                                                    |   | **2008**                           |      | **2007**                           |   |
|                                                                    |   |                               |      |                               |   |
| Cash                  flows from operating activities:                  |   |                               |      |                               |   |
| Net                  loss                                               |   | $                                  | (981,621  | )                                  | $      | (616,933 | ) |
|                                                                    |   |                               |      |                               |   |   |   |
| Adjustment                  to reconcile net loss to net cash           |   |                               |      |                               |   |   |   |
| used                  in operating activities:                          |   |                               |      |                               |   |   |   |
|                                                                    |   |                               |      |                               |   |   |   |
| Depreciation                  and amortization                          |   |                               | 20,154    |                               |   | - |   |
| Common                  stock issued for services                       |   |                               | 216,201   |                               |   | 449,957 |   |
| Increase                  in accounts receivable                        |   |                               | (46,215   | )                                  |   | (133,046 | ) |
| Increase                  in accounts payable                           |   |                               | 7,987     |                               |   | - |   |
| Increase                  in accrued salaries                           |   |                               | 67,500    |                               |   | 67,500 |   |
| Increase                  in debtor judgment payable                    |   |                               | 25,326    |                               |   | 25,326 |   |
| Increase                  in bank overdraft                             |   |                               | -         |                               |   | - |   |
|                                                                    |   |                               |      |                               |   |   |   |
| Net                  cash used in operating activities                  |   |                               | (690,668  | )                                  |   | (207,196 | ) |
|                                                                    |   |                               |      |                               |   |   |   |
| Cash                  flows from investing activities:                  |   |                               |      |                               |   |   |   |
| Sale                  of oil & gas leases and undeveloped wells     |   |                               | 1,000,000 |                               |   | - |   |
| Purchase                  of oil & gas leases and undeveloped wells |   |                               | (303,451  | )                                  |   | (13,891 | ) |
| Purchase                  of other property and equipment               |   |                               | (591,858  | )                                  |   | - |   |
|                                                                    |   |                               |      |                               |   |   |   |
| Net                  cash provided by (used in) investing activities    |   |                               | 104,691   |                               |   | (13,891 | ) |
|                                                                    |   |                               |      |                               |   |   |   |
| Cash                  flows from financing activities:                  |   |                               |      |                               |   |   |   |
| Sale                  of common stock                                   |   |                               | 500       |                               |   | 127,000 |   |
| Loan                  proceeds from officers                            |   |                               | 54,377    |                               |   | 65,000 |   |
| Net                  cash provided by financing activities              |   |                               | 54,877    |                               |   | 192,000 |   |
|                                                                    |   |                               |      |                               |   |   |   |
|                                                                    |   |                               |      |                               |   |   |   |
| Decrease                  in cash                                       |   |                               | (531,100  | )                                  |   | (29,087 | ) |
|                                                                    |   |                               |      |                               |   |   |   |
| Cash                  at beginning of period                            |   |                               | 555,987   |                               |   | 37,726 |   |
|                                                                    |   |                               |      |                               |   |   |   |
| Cash                  at end of period                                  |   | $                                  | 24,887    |                               | $      | 8,639 |   |
|                                                                    |   |                               |      |                               |   |   |   |
| See                  Accompanying Notes to Financial Statements         |   |                               |      |                               |   |   |   |

----

**Superior        Oil and Gas Co.**

**Statements        of Cash Flows **

**(unaudited)**

|                                                                                 |   | **Six**                            |    | **Six**                            |   |
|--------------------------------------------------------------------------------------|--------|------------------------------------|---------|------------------------------------|--------|
|                                                                                 |   | **Months                  Ended**  |    | **Months                  Ended**  |   |
|                                                                                 |   | **June                  30, 2008** |    | **June                  30, 2007** |   |
|                                                                                 |   |                               |    |                               |   |
|                                                                                 |   |                               |    |                               |   |
| Supplemental                  Disclosure of Cash Flow Information                    |   |                               |    |                               |   |
| Cash                  paid during period for:                                        |   |                               |    |                               |   |   |   |
| Interest                                                                             |   | $                                  | -       |                               | $      | - |   |
| Income                  taxes                                                        |   | $                                  | -       |                               | $      | - |   |
|                                                                                 |   |                               |    |                               |   |   |   |
|                                                                                 |   |                               |    |                               |   |   |   |
| Non                  Cash Investing and Financing Activities                         |   |                               |    |                               |   |   |   |
|                                                                                 |   |                               |    |                               |   |   |   |
| Common                  stock paid for undeveloped wells                             |   | $                                  | 71,901  |                               | $      | 449,957 |   |
| Services                  performed on well for reduction of subscription receivable |   | $                                  | 63,584  |                               | $      | - |   |
| Decrease                  in Advances                                                |   | $                                  | 48,600  |                               | $      | - |   |
| Accounts                  payable related to capital expenditures                    |   | $                                  | 425,440 |                               | $      | - |   |
| Common                  stock issued for cash                                        |   | $                                  | -       |                               | $      | 27,000 |   |
| Common                  stock issued for account receivable                          |   | $                                  | -       |                               | $      | 100,000 |   |
|                                                                                 |   |                               |    |                               |   |   |   |
| See                  Accompanying Notes to Financial Statements                      |   |                               |    |                               |   |   |   |

----

**SUPERIOR            OIL AND GAS CO.**

**NOTES            TO FINANCIAL STATEMENTS**

**(UNAUDITED)**

----

**SUPERIOR          OIL AND GAS CO. **

**NOTES          TO FINANCIAL STATEMENTS **

**(UNAUDITED)**

*Brooks        Investments, LLC, et al. v. Blue Quail Resources, Inc., et al., Case No.        CJ-2006-595, District Court of Canadian County, State of Oklahoma*

----

**SUPERIOR          OIL AND GAS CO. **

**NOTES          TO FINANCIAL STATEMENTS **

**(UNAUDITED)**

*HOCO          Drilling, LLC v. Superior Oil and Gas Company, et al., Case No. CJ-2007-59-01,          District Court of Garfield County, State of Oklahoma*

*Midwest        Mortgage Brokers and Paul Gee v. Hershey S. Baum, et al., Case No. CJ-2004-7796,        District Court of Tulsa County, State of Oklahoma *

----

| **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 period ended      September 30, 2008 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-K.      Copies of that filing may be obtained by contacting Gayla McCoy of our company      at 844 South Walbaum Road, Calumet, OK 73014, telephone (405)      884-2080.*

**Results      of Operations - Three and Nine Months Ended September 30, 2008, Compared to      Three and Nine Months Ended September 30, 2007**
**.**

**oil      and gas revenue**

**Lease      operating expenses **

**Exploration      costs**

----

**General      and administrative**

**Depreciation      and amortization expense **

----

**Net      Income (Loss)**

**Material      changes in financial condition.**

|                                           |   | **09/30/08** |      | **12/31/07** |   |
|------------------------------------------------|--------|--------------|-----------|--------------|--------|
|                                           |   |         |      |         |   |
| Unproved                oil and gas properties |   | $            | 1,820,324 |         | $      | 1,857,304 |   |
| Leasehold                improvements          |   |         | 531,352   |         |   | 0 |   |

**Material      changes in results of operations.**

----

**Item      4.**
**Controls      and Procedures**

**PART      II - OTHER INFORMATION**

**Item      1.**
**Legal      Proceedings**

----

**Item      2.**
**Unregistered      Sales of Equity Securities**

| **Date** |   | **Purchaser**                     |   | **No.                of Shares** |   | **Value**            |   | **Consideration                Paid for the Shares**                                                                                                                                                   |
|----------|--------|-----------------------------------|--------|----------------------------------|--------|----------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |   |                              |   |                             |   |                 |   |                                                                                                                                                                                                   |
| 08-26-08 |   | Mark                Kevin Hockett |   | 2,500                            |   | $                500 |   | Cash                                                                                                                                                                                                   |
| 08-26-08 |   | Bill                J. Sparks     |   | 500,000                          |   | $65,000              |   | Services                as CEO and CFO                                                                                                                                                                 |
| 10-29-08 |   | Uptick                Capital LLC |   | 500,000                          |   | $75,000              |   | Services                related to professional assistance in preparing Power Point presentations                to investors and descriptions of company assets and drilling                prospects |
|     |   |                              |   |                             |   |                 |   |                                                                                                                                                                                                   |

----

| **Item                6.** |   | **Exhibits** |
|----------------------------|--------|--------------|

| 3(i)   |   | Articles                of Incorporation                                                                                                                                                                                | *      |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |   |                                                                                                                                                                                                                    |   |
| 3(ii)  |   | Bylaws                                                                                                                                                                                                                  | *      |
|   |   |                                                                                                                                                                                                                    |   |
| 10.5   |   | Purchase                and Sale Agreement entered into December 13, 2005 between Superior                Oil and                Gas Co. and William H. Foster.                                                         | **     |
|   |   |                                                                                                                                                                                                                    |   |
| 10.6   |   | Purchase                and Sale Agreement entered into April 24, 2006 between Enerhance                Energy,                Inc. and Superior Oil and Gas Co.                                                        | **     |
|   |   |                                                                                                                                                                                                                    |   |
| 10.7   |   | Assignment                of Oil and Gas Leases executed May 23, 2006 from Hudson Resources                Corp to                Superior Oil and Gas Co. covering lands in Kingfisher County,                Oklahoma | ***    |
|   |   |                                                                                                                                                                                                                    |   |
| 10.8   |   | Assignment                of Oil and Gas Leases executed May 23, 2006 from Hudson Resources                Corp to                Superior Oil and Gas Co. covering lands in Canadian County,                Oklahoma   | ***    |
|   |   |                                                                                                                                                                                                                    |   |
| 10.9   |   | Assignment                of Oil and Gas Leases executed May 23, 2006 from Hudson Resources                Corp to                Superior Oil and Gas Co. covering lands in Pushmataha County,                Oklahoma | ***    |
|   |   |                                                                                                                                                                                                                    |   |
| 14     |   | Code                of Ethics for the Chief Executive Officer and Senior Financial                Officers.                                                                                                             | +++    |
|   |   |                                                                                                                                                                                                                    |   |
| 16     |   | Letter                on Change in Certifying Accountant                                                                                                                                                                | *      |
|   |   |                                                                                                                                                                                                                    |   |
| 31.1   |   | 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.                         |   |
|   |   |                                                                                                                                                                                                                    |   |
| 31.2   |   | 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.                         |   |
|   |   |                                                                                                                                                                                                                    |   |
| 32.1   |   | 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.                         |   |
|   |   |                                                                                                                                                                                                                    |   |
| 32.2   |   | 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. |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | +++ | Previously                filed with Form 10-KSB, SEC #000-50173, on April 19, 2005; incorporated                herein. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------|

|   | ** | Previously                filed with Form 10-QSB 03-31-06 on May 22, 2006, EDGAR Accession                #0001010549-06-000326; incorporated                herein. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | *** | Previously                filed with Form 8-K Current Report 05-23-06 on May 30, 2006, EDGAR                Accession #0001010549-06-000348; incorporated                herein. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      8.01.**
**Other      Events**

----

**SIGNATURES**

|                                   |                                    |                                    |
|----------------------------------------|-----------------------------------------|-----------------------------------------|
|                                   | Superior                Oil and Gas Co. |
|                              |                               |                               |
| Date:                November 14, 2008 | By:                           | /s/ B.J.              Sparks  |
|                                   | B.J. Sparks, President                  |
|                                   |                                         |

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