[SUBMISSION-CONTACT]
[NAME]     JAMES P. MCGINNIS
[PHONE]     (713) 364-0147
[PERIOD]     06/30/95
[TEXT]
                      U.S. Securities and Exchange Commission
                              Washington, D. C. 20549

                                   Form 10-QSB-A
                      Annual Report Under Section 13 or 15(d)
                                       of the
                          Securities Exchange Act of 1934
                           for the quarterly period ended

                                   June 30, 1995

                          Commission File Number: 1-10425

                           WICHITA RIVER OIL CORPORATION
                   (Name of Small Business Issuer in its Charter)

        Delaware				                            13-3544163
(State of Incorporation)		           (IRS Employer Identification Number)

                         3500 N. Causeway Blvd., Suite 410 
                           Metairie, Louisiana            70002          
                 (Address of Principle Executive Office) (Zip Code)     

                                      (504)-831-0381
                    (Issuer's Telephone Number, Including Area Code)

             Securities registered under Section 12(b) of The Exchange Act:

              Title of Each Class			Name of Exchange on which Registered
                 Common Stock $0.01 par value		American Stock Exchange

        Securities registered under Section 12(g) of The Exchange Act: None

Check whether the Issuer: (1) filed all reports required to be filed by Section 
13 or 15(d) of the Exchange Act during the past 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 .

            Check if Transitional Small Business Format:  Yes     No  x .

                            Applicable Only To Corporate Issuers
                State the number of shares outstanding of each of the issuer's 
                                     classes of equity.

 As of August 11, 1995, approximately 7,974,000 shares of Common Stock, $0.01 
par value per share, were issued and outstanding.
<PAGE>

General and administrative expenses in 1995 were 53% lower when compared to
1994 and 32% lower excluding a $308,000 charge for settlement of litigation 
during the first quarter of 1994.  Interest expense in 1995 was 33% higher
due to higher interest rates.  Depreciation, depletion and amortization costs 
were 11% lower in 1995 despite 21% lower production volumes.  The average
depletion rate in 1995 was $5.55 per BOE v. $5.00 in 1994.

Inflation has not had a material impact during the periods described above and
is not expected to have any material impact in the near future.  The prices 
received by the Company for oil and gas and the costs incurred by the Company 
for operations in the recent past and for the foreseeable future have been 
affected more by supply and demand factors and other general conditions than
by inflation.

Legal Proceedings
Wichita River Oil Corporation and the Company's subsidiary are defendants in 
various lawsuits arising in the ordinary course of business.  The Company 
believes it has meritorious defenses to the lawsuits and will defend against
them.  Based on its evaluation of such claims, as discussed with its outside 
legal counsel, Company management is of the opinion that the ultimate
resolution of such matters will not have a material adverse effect on the
Company's financial position or results of operations and that such matters are
not material for an investment decision regarding the Company's securities.

Submission of Matters to a Vote of Security Holders
None.

Exhibits and Reports on Form 8-K
None.

                                     Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange 
Act of 1934, the registrant has duly caused this report to be signed on its 
behalf by the undersigned thereunto duly authorized in New Orleans, State of 
Louisiana on August 11, 1995.

	Wichita River Oil Corporation

	By:                                     By:  
	    Michael L. McDonald	                     James P. McGinnis
     (Signature)                              (Signature)
	    Chairman and President	                  Controller

	August 11, 1995

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