---------------------------------------------------------------------------


----------------------------------------------------------------------------


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

                                   FORM 10-KSB

                                   (Mark One)
              [X] ANNUAL REPORT UNDER TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

                   For the fiscal year ended December 31, 1995

            [ ] TRANSITION REPORT UNDER TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

         For the transition period from...............to...............

                         Commission file number 0-16574

                              ENEX OIL & GAS INCOME
                          PROGRAM III - Series 6, L.P.
                 (Name of small business issuer in its charter)

            New Jersey                                       76-0214443
(State or other jurisdiction of                           (I.R.S. Employer
 incorporation or organization)                          Identification No.)

        800 Rockmead Drive
      Three Kingwood Place
         Kingwood, Texas                                     77339
 (Address of principal executive offices)                 (Zip Code)

         Issuer's telephone number, including area code: (713) 358-8401

     Securities registered under to Section 12(b) of the Exchange Act: None

                         Securities registered under to
                       Section 12(g) of the Exchange Act:

                          Limited Partnership Interest

            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 there is no disclosure of delinquent  filers in response to
Item 405 of Regulation S-B is not contained in this form, and no disclosure will
be contained,  to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB.[x]

       State issuer's revenues for its most recent fiscal year. $ 319,859

            State  the  aggregate  market  value  of the  voting  stock  held by
non-affiliates  computed by  reference to the price at which the stock was sold,
or the average bid and asked prices of such stock as of a specified  date within
the past 60 days (See  definition  of  affiliate  in Rule 12b-2 of the  Exchange
Act):

                                 Not Applicable

                      Documents Incorporated By Reference:

                                      None

------------------------------------------------------------------------------


------------------------------------------------------------------------------



<PAGE>




                                TABLE OF CONTENTS

                            FORM 10-KSB ANNUAL REPORT
                      FOR THE YEAR ENDED DECEMBER 31, 1995
                              ENEX OIL & GAS INCOME
                          PROGRAM III - Series 6, L.P.


Item No.                             Part I                           Page
--------                             ------                           ----



     1            Description of Business                               I-1

     2            Description of Property                               I-3

     3            Legal Proceedings                                     I-5

     4            Submission of Matters to a Vote
                  of Security Holders                                   I-5


                                      Part II
                                      --------


     5            Market for Common Equity and
                  Related Security Holder Matters                      II-1

     6            Management's Discussion and Analysis
                  or Plan of Operations                                II-2

     7            Financial Statements and Supplementary
                  Data                                                 II-4

     8            Changes In and Disagreements With Accountants
                  on Accounting and Financial Disclosure               II-14


                                      Part III
                                      --------


     9            Directors, Executive Officers, Promoters and Control
                  Persons; Compliance with Section 16(a)
                  of the Exchange Act                                 III-1

    10            Executive Compensation                              III-3

    11            Security Ownership of Certain
                  Beneficial Owners and Management                    III-4

    12            Certain Relationships and Related
                  Transactions                                        III-4

    13            Exhibits and Reports on Form 8-K                    III-4


                  Signatures                                           S-1


<PAGE>



                                     PART I


Item 1.          Description of Business


General

                 Enex  Oil  &  Gas  Income  Program   III-Series  6,  L.P.  (the
"Company")  was formed  under the New Jersey  Uniform  Limited  Partnership  Law
(1976) on February 13, 1987 and  commenced  operations on November 12, 1987 with
aggregate  subscriptions  of  $3,170,003,  $3,138,303 of which was received from
2,215 limited partners,  including  investors whose  distributions  from earlier
partnerships   sponsored  by  the  Company's  general  partner,  Enex  Resources
Corporation ("Enex"), were automatically invested in the Company.

                 The Company is engaged in the oil and gas business  through the
ownership  of  various  interests  in  producing  oil  and  gas  properties.  If
warranted, the Company may further develop its oil and gas properties.  However,
the Company does not intend to engage in significant drilling  activities.  Such
activities may be conducted, however, as an incidental part of the management of
producing  properties  or with a view toward  enhancing  the value of  producing
properties.  In no event will the Company engage in exploratory drilling, or use
any of the limited partners' net subscriptions to fund drilling activities.  Any
developmental  drilling will be financed primarily through third party borrowing
or with funds provided from operations. The expenses of drilling, completing and
equipping  and  operating  development  wells are  allocated  90% to the limited
partners and 10% to the general partner.  See Note 1 to the Financial Statements
for  information  relating to the  allocation of costs and revenues  between the
limited  partners  and  the  general  partner.   The  Company's  operations  are
concentrated in a single industry segment.

     The principal  executive  office of the Company is maintained at Suite 200,
Three Kingwood Place, Kingwood, Texas 77339. The telephone number at this office
is (713) 358-8401. The Company has no regional offices.

     The Company has no employees.  On March 1, 1996, Enex and its  subsidiaries
employed 24 persons.

Marketing

                 The  marketing  of oil  and  gas  produced  by the  Company  is
affected  by a number of factors  which are beyond the  Company's  control,  the
exact nature of which cannot be accurately predicted.  These factors include the
quantity and price of crude oil imports, fluctuating supply and demand, pipeline
and other transportation  facilities,  the marketing of competitive fuels, state
and federal  regulation of oil and gas  production  and  distribution  and other
matters  affecting the availability of a ready market.  All of these factors are
extremely volatile.

                 American  Exploration  Company and Sunniland  Pipeline  Company
accounted for 28% and 17%,  respectively,  of the Company's total sales in 1995.
American  Exploration  Company and Sunniland  Pipeline Company accounted for 26%
and 17%, respectively,  of the Company's total sales in 1994. No other purchaser
individually accounted for more than 10% of such sales. Although the Company

                                       I-1

<PAGE>



marketed a significant portion of its sales to the above noted companies, such a
concentration  does not pose a significant  risk due to the commodity  nature of
the Company's products.

Environmental and Conservation Regulation

                 State regulatory authorities in the states in which the Company
owns  producing  properties  are  empowered to make and enforce  regulations  to
prevent waste of oil and gas and to protect correlative rights and opportunities
to produce oil and gas for owners of a common reservoir. Each of such regulatory
authorities  also  regulates  the amount of oil and gas  produced  by  assigning
allowable rates of production, which may be increased or decreased in accordance
with supply and demand.  Requirements  regarding the  prevention and clean-up of
pollution and similar environmental  matters are also generally applicable.  The
costs, if any, the Company may incur in this regard cannot be predicted.

                 The existence of such  regulations has had no material  adverse
effects on the Company's  operations to date, and the cost of compliance has not
yet been material.  There are no material administrative or judicial proceedings
arising under such laws or regulations pending against the Company.  The Company
is unable to assess or predict the impact that compliance with environmental and
pollution  control  laws  and  regulations  may have on its  future  operations,
capital expenditures, earnings or competitive position.

Tax Laws

                 The  operations  of the  Company  are  affected  by the federal
income tax laws contained in the Internal  Revenue Code of 1986, as amended (the
"Code"). Under the Code, generally, the Company will report income from the sale
of oil and gas,  against  which it may deduct its  ordinary  business  expenses,
depletion, depreciation and intangible drilling and development costs.

                 It is anticipated  that most of the Company's  income,  if any,
will be from a "passive  activity" for purposes of the Code. A passive  activity
includes an  activity in which the  taxpayer  does not  materially  participate,
including the ownership of a limited partnership  interest,  such as an interest
in the Company.  "Passive  income,"  however,  does not include portfolio income
(i.e. dividends,  interest,  royalties,  etc.). Although taxpayers generally may
not deduct  losses or use tax credits  derived  from  passive  activities  in an
amount  greater than their income  derived from such  activities,  if and to the
extent that the Company generates passive income, it will be available to offset
the limited partners' passive losses from other sources.

                 Partnerships  with  interests  that are  "publicly  traded" are
taxed as  corporations  unless  at  least  90% of their  income  is  "qualifying
income."  Because  the  Company's  income  will be  qualifying  income  for this
purpose, the Company will not be taxed as a corporation under this rule. Passive
income  or  losses  from  publicly  traded  partnerships  that are not  taxed as
corporations  generally  cannot be used to offset  passive income or losses from
other  sources.   Enex  believes  that  the  Company  is  not  publicly  traded.
Consequently,  limited  partners  should  continue  to be able to utilize  their
income and losses from the Company to offset  losses and income from their other
passive activities.

                 In order to prevent  the adverse  tax  consequences  that would
affect the limited partners if the Company's limited partnership  interests were
to become  publicly  traded in the future,  the general partner may, after final
regulations have been issued by the Internal  Revenue Service,  submit to a vote
of limited  partners  a proposal  to amend the  Company's  agreement  of limited
partnership to provide, among other

                                       I-2

<PAGE>



things,  (a) that Enex shall have the right to refuse to recognize  any transfer
of limited partnership interests if it believes that such transfer occurred on a
secondary  market  or the  substantial  equivalent  thereof;  and (b)  that  all
assignors and assignees of the limited  partnership  interests shall be required
to represent to Enex that any transfer of limited partnership interests did not,
to the best of their  knowledge,  occur on a secondary market or the substantial
equivalent thereof.

Item 2.          Description of Property

                 Presented  below  is  a  summary  of  the  Company's   property
acquisitions.

     CORKSCREW acquisition.  Working interests in 3 oil wells producing from the
Sunniland Lime  formation in Corkscrew  Field,  Collier  County,  Florida,  were
purchased from R. K. Petroleum  Corp. of Midland,  Texas for $887,040  effective
June 1, 1988. Enex has assumed the operation of these wells. The Company owns an
18.48% working interest in the wells in the Corkscrew acquisition as of December
31, 1995.

     MICHIGAN acquisition.  This acquisition consists of working interests in 27
oil wells located in 8 counties in Michigan.  The Company acquired its interests
effective May 1988 and August 1988 for $518,800.  The acquisition is operated by
ten different oil and gas companies.  The Company owns working interests ranging
from 0.25% to 1.45% of the of the wells in the Michigan  acquisition at December
31, 1995.

     RIC acquisition. This acquisition consists of working interests in 69 wells
located in 8 states, primarily in Texas and Oklahoma. The Company acquired these
interests for $687,356 from Resource Investment Corporation of Denver, Colorado,
effective September 1, 1988. The acquisition is operated by 21 different oil and
gas companies, including the Company's general partner. The Company owns working
interests  ranging  from 0.97% to 35.0% of the wells in the RIC  acquisition  at
December 31, 1995.

     ENEXCO acquisition.  Effective October 1, 1988 the Company acquired working
interests in two wells  located in Blaine  County,  Oklahoma and Dawson  County,
Texas. These interests were purchased from Janex Oil Co., Inc. of Dallas,  Texas
for $90,125.  The acquisition is operated by Samedan Oil Corp. Effective October
1,  1995,  the  Company  sold its  interest  in the  Kidd #1 well in the  Enexco
acquisition to Humphrey Oil Co. for $68,250. A gain from the sale of $60,736 was
recognized  by the  Company.  The Company owns a 9.64%  working  interest in the
wells in the Enexco acquisition at December 31, 1995.

     CREDO  acquisition.  Working interests and royalty interests in 4 oil wells
located in Credo  Field,  Sterling  County,  Texas were  acquired  from  Freedom
Energy, Inc., et al for a purchase price of $314,526 effective February 1, 1989.
Enex has  assumed  operation  of  these  wells.  The  Company  acquired  working
interests in two  additional  wells from Enex at cost for an aggregate  purchase
price of $62,018  effective  May 1, 1989 and August 1, 1989.  The  Company  owns
working  interests  ranging  from 9.5% to 10.0% of the of the wells in the Credo
acquisition at December 31, 1995.

     BARNES ESTATE acquisition. Effective February 1, 1989, working interests in
5 oil and gas wells in Brettchance Field, Webb County, Texas were purchased from
Otis Crandell  Addington,  et al, for $232,927.  The wells are operated by Enex.
The Company  owns  working  interests  ranging from 1.25% to 10.0% of the of the
wells in the Barnes Estate acquisition at December 31, 1995.

                                       I-3

<PAGE>





                 Purchase price as used above is defined as the actual  contract
price plus finders' fees, if  applicable.  Miscellaneous  acquisition  expenses,
subsequent capital items, etc. are not included.

Oil and Gas Reserves

                 For  quantitative  information  regarding the Company's oil and
gas  reserves,  please see  Supplementary  Oil and Gas  Information  and related
tables which follow the Notes to Financial  Statements in Item 7 of this report.
The Company has not filed any current oil and gas reserve  estimates or included
any such estimates in reports to any federal or foreign  governmental  authority
or agency, including the Securities and Exchange Commission.

                 Proved  oil and gas  reserves  reported  herein  are  based  on
engineering reports prepared by the petroleum engineering  consulting firm of H.
J. Gruy and Associates,  Inc. The reserves included in this report are estimates
only and should not be  construed as exact  quantities.  Future  conditions  may
affect  recovery of  estimated  reserves  and  revenue,  and all reserves may be
subject to  revision  as more  performance  data  become  available.  The proved
reserves used in this report conform to the applicable  definitions  promulgated
by the Securities and Exchange Commission. No major discovery or other favorable
or adverse  event  that  could  potentially  cause a  significant  change in the
estimated proved reserves has occurred since December 31, 1995.

Net Oil and Gas Production

                 The following table shows for the years ended December 31, 1995
and 1994, the approximate  production  attributable to the Company's oil and gas
interests. The figures in the table represent "net production"; i.e., production
owned by the Company and produced to its interest  after  deducting  royalty and
other similar interests. All production occurred in the United States.


                                               1995          1994
                                               ----          ----

Crude oil and condensate (Bbl)................ 16,363        20,880

Natural gas (Mcf)............................. 58,340        76,433


                        The  following  table sets forth the  Company's  average
sales price per barrel of oil, per Mcf
of gas,  and  average  production  cost per unit  produced  for the years  ended
December 31, 1995 and 1994.


                                                  1995                 1994
                                                  ----                 ----

Average sales price per barrel of oil........ $   13.95            $   12.43

Average sales price per Mcf of gas...........      1.57                 1.83

Average production cost per equivalent
   barrel of production......................      7.70                 5.99



Drilling Activities

                 The Company did not  participate  in any  significant  drilling
activity in 1994 or 1995.


                                       I-4

<PAGE>


Current Activities

                 The Company completed its acquisition phase in 1989. Additional
interests in oil and gas properties may be acquired;  however, the primary focus
of present  activities  is on the efficient  management of properties  currently
owned.

Item 3.          Legal Proceedings

                 There are no material  pending legal  proceedings  to which the
Company is a party.

Item 4.          Submission of Matters to a Vote of Security Holders

                 No matter was  submitted to a vote of security  holders  during
the fourth quarter of the fiscal year covered by this report.

                                       I-5

<PAGE>



                                     PART II


Item 5.          Market for Common Equity and Related Security Holder Matters

Market Information

                 There is no established public trading market for the Company's
outstanding limited partnership interests.



Number of Equity Security Holders

                                                     Number of Record Holders
                  Title of Class                      (as of March 1, 1996)
                  --------------                     -------------------------


             General Partner's Interests                        1

             Limited Partnership Interests                    1,471



Dividends

             The Company made cash  distributions  to partners of $7 and $15 per
$500  investment  in 1995 and 1994,  respectively.  The  Company  suspended  the
payment of  distributions  in the fourth  quarter of 1995. The payment of future
distributions  will  depend  on the  Company's  earnings,  financial  condition,
working capital  requirements and other factors. It is anticipated that periodic
distributions will be made by the Company as cash becomes available.


                                      II-1


<PAGE>



Item 6.          Management's Discussion and Analysis or Plan of Operation

Results of Operations

                 This  discussion   should  be  read  in  conjunction  with  the
financial  statements of the Company and the notes thereto included in this Form
10-KSB.

                 Oil and gas  sales  in 1995  were  $319,859  as  compared  with
$399,006  in 1994.  This  represents  a decrease  of  $79,147 or 20%.  Oil sales
decreased by $31,240 or 12%. A 22% decline in oil  production  reduced  sales by
$56,112. This decrease was partially offset by a 12% increase in the average oil
sales  price.  Gas sales  decreased  by $47,907 or 34%.  A 24%  decrease  in gas
production  decreased sales by $32,739.  A 14% decrease in the average gas sales
price reduced  sales by an  additional  $15,168.  The lower oil  production  was
primarily  the result of the  shut-in of  production  in August  1995,  from the
Corkscrew  acquisition in Florida due to hurricane  damage.  The decrease in gas
production  was  primarily a result of natural  production  declines  which were
especially pronounced on the RIC and Barnes Estate acquisitions.  The changes in
average oil and gas sales prices  correspond  with changes in the overall market
for the sale of oil and gas.

                 Lease  operating  expenses  increased  to $183,046 in 1995 from
$179,444 in 1994.  The  increase  of $3,602 or 2% was  primarily a result of the
workover costs incurred on the Corkscrew  acquisition to repair hurricane damage
to the wells in the Corkscrew acquisition in 1995.

                 Depreciation  and  depletion  expense  decreased to $135,217 in
1995 from  $162,967 in 1994.  This  represents a decrease of $27,750 or 17%. The
changes in production, noted above, caused depreciation and depletion expense to
decrease by $36,512.  This decrease was partially offset by a 7% increase in the
depletion rate. The increase in the depletion rate was primarily due to downward
revisions of the oil reserves during 1995,  partially offset by upward revisions
of the gas reserves during 1995.

                 Effective October 1, 1995, the Company sold its interest in the
Kidd #1 well in the Enexco  acquisition to Humphrey Oil Co. for $68,250.  A gain
from the sale of $60,736 was recognized by the Company.

                 General and  administrative  expenses  decreased  to $62,049 in
1995 from  $63,369 in 1994.  The decrease of $1,320 or 2% was  primarily  due to
less staff time  being  required  to manage  the  Company's  operations  in 1995
partially  offset  by a $7,376  increase  in  direct  expenses  incurred  by the
Company.  The  increase  in direct  expenses  was  primarily  due to legal  fees
resulting from a property interest dispute on the Barnes Estate acquisition.


Capital Resources and Liquidity

                 The Company's cash flows from  operations is a direct result of
the amount of net  proceeds  realized  from the sale of oil and gas  production.
Accordingly,  the changes in cash flows from 1994 to 1995 are  primarily  due to
the changes in oil and gas sales described  above.  It is the general  partner's
intention to distribute  substantially all of the Company's available cash flows
to the Company's partners.  Distributions  decreased from 1994 to 1995 primarily
due to the decline in oil and gas sales, as noted above.


                                      II-2

<PAGE>




                 The  Company   will   continue  to  recover  its  reserves  and
distribute  to the partners the net proceeds  realized  from the sale of oil and
gas production after payment of debt obligations. The Company plans to repay the
amount  owed to the  general  partner  over a three  year  period.  The  Company
suspended  the  payment  of  distributions  in the fourth  quarter of 1995.  The
payment of future distributions will depend on the Company's earnings, financial
condition,  working capital  requirements  and other factors.  It is anticipated
that  periodic  distributions  will  be  made by the  Company  as  cash  becomes
available.

                 At December 31, 1995,  the Company had no material  commitments
for  capital  expenditures.  The  Company  does  not  intend  to  engage  in any
significant developmental drilling activity.

                                      II-3

<PAGE>



Item 7.           Financial Statements and Supplementary Data


INDEPENDENT AUDITORS' REPORT

-----------------------------------------------------------------------


The Partners
Enex Oil & Gas Income
  Program III - Series 6, L.P.:


We have audited the accompanying  balance sheet of Enex Oil & Gas Income Program
III - Series 6, L.P. (a New Jersey limited  partnership) as of December 31, 1995
and the related statements of operations, changes in partners' capital, and cash
flows for each of the two years in the period ended  December  31,  1995.  These
financial statements are the responsibility of the general partner of Enex Oil &
Gas Income  Program  III - Series 6, L.P.  Our  responsibility  is to express an
opinion on the financial statements based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our  opinion,  such  financial  statements  present  fairly,  in all material
respects,  the financial  position of Enex Oil & Gas Income Program III - Series
6, L.P. at December  31,  1995 and the  results of its  operations  and its cash
flows  for each of the two  years  in the  period  ended  December  31,  1995 in
conformity with generally accepted accounting principles.


DELOITTE & TOUCHE  LLP




Houston, Texas
March 18, 1996

                                      II-4

<PAGE>


ENEX OIL & GAS INCOME PROGRAM III - SERIES 6, L.P.

BALANCE SHEET, DECEMBER 31, 1995
------------------------------------------------------------------------------
<TABLE>
<CAPTION>

ASSETS
                                                                        1995
                                                                -------------
CURRENT ASSETS:
<S>                                                             <C>         
  Cash                                                          $      5,505
  Accounts receivable - oil & gas sales                               29,371
  Other current assets                                                 3,328
                                                                -------------

Total current assets                                                  38,204
                                                                -------------

OIL & GAS PROPERTIES
  (Successful efforts accounting method) - Proved
   mineral interests and related equipment & facilities            3,317,065
  Less  accumulated depreciation and depletion                     2,855,439
                                                                -------------

Property, net                                                        461,626
                                                                -------------


TOTAL                                                           $    499,830
                                                                =============

LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                                             $     29,348
   Payable to general partner                                         41,460
                                                                -------------

Total current liabilities                                             70,808
                                                                -------------

NONCURRENT PAYABLE TO GENERAL PARTNER                                 82,922
                                                                -------------

PARTNERS' CAPITAL:
   Limited partners                                                  291,103
   General partner                                                    54,997
                                                                -------------

Total partners'capital                                               346,100
                                                                -------------

TOTAL                                                           $    499,830
                                                                =============
</TABLE>



See accompanying notes to financial statements.
----------------------------------------------------------------------------

                                      II-5


<PAGE>

ENEX OIL & GAS INCOME PROGRAM III - SERIES 6, L.P.

STATEMENTS OF OPERATIONS
FOR THE TWO YEARS ENDED DECEMBER 31, 1995
-----------------------------------------------------------------------


                                                    1995         1994
                                               ----------    ----------

REVENUES:
  Oil and gas sales                            $ 319,859     $ 399,006       
                                               ----------    ----------

EXPENSES:
  Depreciation and depletion                     135,217       162,967
  Lease operating expenses                       183,046       179,444
  Production taxes                                17,885        21,959
  General and administrative:
    Allocated from general partner                44,914        53,610
    Direct expense                                17,135         9,759
                                               ----------    ----------

Total expenses                                   398,197       427,739
                                               ----------    ----------

LOSS FROM OPERATIONS                             (78,338)      (28,733)
                                               ----------    ----------

OTHER INCOME:
  Gain from sale of property                      60,736            -
                                               ----------     ---------

NET LOSS                                       $ (17,602)     $(28,733)        
                                               ==========    ==========





See accompanying notes to financial statements.
------------------------------------------------------------------------------

                                      II-6

<PAGE>

ENEX OIL & GAS INCOME PROGRAM III - SERIES 6, L.P.

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
FOR THE TWO YEARS ENDED DECEMBER 31, 1995
------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                       PER $500
                                                                       LIMITED
                                                                       PARTNER
                                            GENERAL      LIMITED      UNIT OUT-
                                TOTAL       PARTNER      PARTNERS      STANDING
                             ----------   ---------    ----------    ----------

<S>                          <C>          <C>           <C>           <C>                        
BALANCE, JANUARY 1, 1994     $ 545,504    $ 45,108      $500,396      $     79                   

CASH DISTRIBUTIONS            (106,063)    (10,598)      (95,465)          (15)

NET INCOME (LOSS)              (28,733)     13,423       (42,156)           (6)
                             ----------   ---------    ----------    ----------

BALANCE, DECEMBER 31, 1994     410,708      47,933       362,775            58

CASH DISTRIBUTIONS             (47,006)     (4,697)      (42,309)           (7)

NET INCOME (LOSS)              (17,602)     11,761       (29,363)           (5)
                             ----------   ---------    ----------    ----------

BALANCE, DECEMBER 31, 1995   $ 346,100    $ 54,997      $ 291,103 (1) $      46                      
                             ==========   =========    ==========    ==========

</TABLE>


(1)  Includes 974 units purchased by the general partner as a limited partner.




See accompanying notes to financial statements.
------------------------------------------------------------------------------

                                      II-7

<PAGE>
ENEX OIL AND GAS INCOME PROGRAM III - SERIES 6, L.P.

STATEMENTS OF CASH FLOWS
FOR THE TWO YEARS ENDED DECEMBER 31, 1995
----------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                     1995           1994
                                                  ----------      ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                               <C>             <C>                                                 
Net loss                                          $ (17,602)      $ (28,733)                                          
                                                  ----------      ----------

Adjustments to reconcile net loss to net cash
   provided by operating activities
  Depreciation and depletion                        135,217         162,967
  Gain from sale of property                        (60,736)              -
(Increase) decrease in:
  Accounts receivable - oil & gas sales              11,754             383
  Other current assets                               (1,298)         (1,864)
Increase (decrease) in:
   Accounts payable                                   5,393         (22,027)
   Payable to general partner                       (79,619)          3,967
                                                  ----------      ----------

Total adjustments                                    10,711         143,426
                                                  ----------      ----------

Net cash provided (used) by operating activities     (6,891)        114,693
                                                  ----------      ----------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Proceeds from sale of property                   68,250               -
    Property additions - development costs          (12,096)        (21,334)
                                                  ----------      ----------

Net cash provided (used) by investing activities     56,154         (21,334)

CASH FLOWS FROM FINANCING ACTIVITIES:
   Cash distributions                               (47,006)       (106,063)
                                                  ----------      ----------

NET INCREASE (DECREASE) IN CASH                       2,257         (12,704)

CASH AT BEGINNING OF YEAR                             3,248          15,952
                                                  ----------      ----------

CASH AT END OF YEAR                               $   5,505       $   3,248                                           
                                                  ==========      ==========

</TABLE>



See accompanying notes to financial statements.
-----------------------------------------------------------------------------

                                      II-8


<PAGE>

ENEX OIL & GAS INCOME PROGRAM III - SERIES 6, L.P.

NOTES TO FINANCIAL STATEMENTS
-------------------------------------------------------------------------------
FOR THE TWO YEARS ENDED DECEMBER 31, 1995


1.   PARTNERSHIP ORGANIZATION

     Enex  Oil  &  Gas  Income  Program  III-Series  6,  L.P.  (the
     "Company"),  a  New  Jersey  limited  partnership,   commenced
     operations  on November  12, 1987 for the purpose of acquiring
     proved  oil  and  gas   properties.   Total  limited   partner
     contributions   were   $3,170,003,   of  which   $31,700   was
     contributed  by  Enex  Resources  Corporation  ("Enex"),   the
     general partner.

     In accordance with the partnership agreement, the Company paid
     commissions  of $308,097 for solicited  subscriptions  to Enex
     Securities  Corporation,  a subsidiary of Enex, and reimbursed
     Enex for organization expenses of approximately $95,000.

     Information  relating to the  allocation of costs and revenues
     between Enex, as general partner,  and the limited partners is
     as follows:
                                                          Limited
                                              Enex        Partners

    Commissions and selling expenses                        100%
    Company reimbursement of organization
      expense                                               100%
    Company property acquisition                            100%
    General and administrative costs           10%           90%
    Costs of drilling and completing
      development wells                        10%           90%
    Revenues from temporary investment of
      partnership capital                                   100%
    Revenues from producing properties         10%           90%
    Operating costs (including general and
      administrative costs associated with
      operating producing properties)          10%           90%


    At the point in time when the cash distributions to the limited
    partners  equal their  subscriptions  ("payout"),  the costs of
    drilling  and  completing   development  wells,  revenues  from
    producing  properties,  general  and  administrative  costs and
    operating  costs will be allocated  15% to the general  partner
    and 85% to the limited partners.

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    Oil  and Gas  Properties  - The  Company  uses  the  successful
    efforts  method of accounting  for its oil and gas  operations.
    Under  this  method,  the  costs of all  development  wells are
    capitalized.   Capitalized   costs   are   amortized   on   the
    units-of-production method based on

                                      II-9

<PAGE>



    estimated total proved reserves. The acquisition costs of proved
    oil and gas properties are capitalized and periodically assessed
    for impairments.

    The Financial  Accounting  Standards Board has issued Statement
    of Financial  Accounting Standards No. 121, "Accounting for the
    Impairment of Long Lived Assets and for Long-Lived Assets to Be
    Disposed Of." This statement  requires that  long-lived  assets
    and  certain  identifiable  intangibles  held  and  used by the
    Company be reviewed for impairment  whenever  events or changes
    in circumstances  indicate that the carrying amount of an asset
    may not be recoverable.

    The  Company  has not  determined  the  effect,  if any, on its
    financial  position or results of  operations  which may result
    from the  adoption of this  statement  in the first  quarter of
    1996.

    Cash Flows - The Company has presented its cash flows using the
    indirect  method and considers  all highly  liquid  investments
    with an original  maturity  of three  months or less to be cash
    equivalents.

    General and  Administrative  Expenses - The Company  reimburses
    the General Partner for direct costs and  administrative  costs
    incurred on its behalf.  Administrative  costs allocated to the
    Company  are  computed  on a  cost  basis  in  accordance  with
    standard industry practices by allocating the time spent by the
    General   Partner's   personnel   among  all  projects  and  by
    allocating rent and other overhead on the basis of the relative
    direct time charges.

    Uses of Estimates - The preparation of the financial statements
    in conformity  with generally  accepted  accounting  principles
    requires  management  to make  estimates and  assumptions  that
    affect  the  reported  amounts of assets  and  liabilities  and
    disclosure of contigent  assets and  liabilities at the date of
    the financial  statements  and the reported  amounts of revenue
    and expenses during the reporting periods. Actual results could
    differ from these estimates.

3.  FEDERAL INCOME TAXES

    General - The  Company  is not a  taxable  entity  for  federal
    income  tax  purposes.   Such  taxes  are  liabilities  of  the
    individual partners and the amounts thereof will vary depending
    on the individual situation of each partner. Accordingly, there
    is no provision for income taxes in the accompanying  financial
    statements.




                                      II-10

<PAGE>


Set forth below is a  reconciliation  of net income  (loss) as  reflected in the
accompanying  financial  statements and net income (loss) for federal income tax
purposes for the year ended December 31, 1995:

<TABLE>
<CAPTION>
                                                          Allocable to    Per $500 Limited
                                                      General     Limited   Partner Unit
                                            TOTAL     Partner    Partners   Outstanding
Net income (loss) as reflected in the
<S>                                       <C>        <C>         <C>         <C>  
     accompanying financial statements    $(17,602)  $11,761     $(29,363)   $ (5)
Reconciling items:
  Intangible drilling costs capitalized
     for financial reporting purposes
     which  were charged-off for
     federal income tax purposes            (1,759)     (176)      (1,583)      -
  Difference in depreciation, depletion
     and amortization computed for
     federal income tax purposes and
     the amount computed for
     financial reporting purposes          (43,064)         -     (43,064)     (7)
Difference in gain on property sales for
     federal income tax purposes and
     the amount computed for financial
     reporting purposes                      1,942     (6,074)      8,016       1
Net income (loss) for federal
   income tax purposes                   $(60,483)    $ 5,511    $(65,994)   $ (11)
</TABLE>

Net income  (loss) for federal  income tax  purposes is a summation  of ordinary
income (loss),  portfolio income (loss),  cost depletion and intangible drilling
costs as presented in the Company's federal income tax return.

Set forth below is a reconciliation  between  partners'  capital as reflected in
the accompanying  financial  statements and partners' capital for federal income
tax purposes as of December 31, 1995:

<TABLE>
<CAPTION>
                                                             Allocable to   Per $500 Limited
                                                       General    Limited    Partner Unit
                                            TOTAL      Partner    Partners   Outstanding
Partners' capital as reflected in the
<S>                                       <C>         <C>         <C>         <C> 
     accompanying financial statements    $346,100    $ 54,997    $291,103    $ 46
Reconciling items:
  Intangible drilling costs capitalized
     for financial reporting purposes
     which  were charged-off for
     federal income tax purposes          (349,753)    (34,980)    (314,773)   (50)
 Difference in accumulated depreciation
     depletion and amortization for
     financial reporting and federal
     income tax purposes                   350,453           -      350,453     55
  Accumulated difference in property sales
      for financial reporting purposes and
      for federal income tax purposes        1,942      (6,074)       8,016      1
  Commissions and syndication
     fees capitalized for federal
     income tax purposes                   308,097           -      308,097     49
Partners' capital for federal
     income tax purposes                  $656,839     $ 13,943    $642,896   $101

</TABLE>
                                      II-11


<PAGE>


4.          PAYABLE TO GENERAL PARTNER

            The  payable to general  partner  primarily  consists of general and
            administrative  expenses allocated to the Company by Enex during the
            Company's start-up phase and for its ongoing operations. The Company
            plans to repay the amounts owed to the general partner over a period
            of three years.


5.          REPURCHASE OF LIMITED PARTNER INTERESTS

            In accordance with the partnership agreement, the general partner is
            required to purchase limited partner interests (at the option of the
            limited  partners) at annual  intervals  beginning  after the second
            year following the formation of the Company.  The purchase price, as
            specified  in the  partnership  agreement,  is  based  primarily  on
            reserve  reports  prepared by  independent  petroleum  engineers  as
            reduced by a specified risk factor.

6.          SIGNIFICANT PURCHASERS

            American   Exploration   Company  and  Sunniland   Pipeline  Company
            accounted  for 28% and 17%,  respectively,  of the  Company's  total
            sales in 1995.  American  Exploration Company and Sunniland Pipeline
            Company  accounted for 26% and 17%,  respectively,  of the Company's
            total sales in 1994. No other purchaser  individually  accounted for
            more than 10% of such sales.

7.          SALE OF PROPERTY

            Effective October 1, 1995, the Company sold its interest in the Kidd
            #1 well in the Enexco acquisition to Humphrey Oil Co. for $68,250. A
            gain from the sale of $60,736 was recognized by the Company.


                                      II-12

<PAGE>


ENEX OIL & GAS INCOME PROGRAM III - SERIES 6, L.P.

SUPPLEMENTARY OIL AND GAS INFORMATION
FOR THE TWO YEARS ENDED DECEMBER 31, 1995
-----------------------------------------------------------------------------

Proved Oil and Gas Reserve Quantities (Unaudited)

The following  presents an estimate of the Company's  proved oil and gas reserve
quantities  and changes  therein  for each of the two years in the period  ended
December 31, 1995.  Oil reserves are stated in barrels  ("BBLS") and natural gas
in thousand cubic feet ("MCF"). The amounts per $500 limited partner unit do not
include a potential 5% reduction after payout. All of the Company's reserves are
located within the United States.
<TABLE>
<CAPTION>

                                                     Per $500                  Per $500
                                                      Limited     Natural       Limited
                                          Oil     Partner Unit     Gas      Partner Unit
                                        (BBLS)     Outstanding    (MCF)      Outstanding
                                      ----------  -----------   ---------   -----------

PROVED DEVELOPED AND
    UNDEVELOPED RESERVES:
<S>                                      <C>              <C>    <C>                <C>
January 1, 1994                          96,105           14     260,700            37

    Revisions of previous estimates      26,205            4      19,921             3
    Production                          (20,880)          (3)    (76,433)          (11)
                                      ----------  -----------   ---------   -----------

December 31, 1994                       101,430           15     204,188            29

    Revisions of previous estimates     (14,455)          (2)     51,695             7
    Sales of minerals in place           (2,733)          (1)       (568)            -
    Production                          (16,363)          (2)    (58,340)           (8)
                                      ----------  -----------   ---------   -----------

December 31, 1995                        67,879           10     196,975            28
                                      ==========  ===========   =========   ===========


PROVED DEVELOPED RESERVES:

January 1, 1994                          96,105           14     260,700            37
                                      ==========  ===========   =========   ===========

December 31, 1994                       101,430           15     204,188            29
                                      ==========  ===========   =========   ===========

December 31, 1995                        67,879           10     196,975            28
                                      ==========  ===========   =========   ===========

</TABLE>



                                      II-13





<PAGE>

Item 8.         Changes In and Disagreements With Accountants on Accounting and
                Financial Disclosure


                 Not Applicable


                                      II-14

<PAGE>



                                    PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
         Compliance with Section 16(a) of the Exchange Act
---------------------------------------------------------------------

     The  Company's  sole  General  Partner  is Enex  Resources  Corporation,  a
Delaware  corporation.  The Company has no Directors or executive officers.  The
Directors and executive officers of Enex are:

     Gerald B. Eckley. Mr. Eckley,  age 69, has served as a Director,  President
and Chief Executive  Officer of the General Partner since its formation in 1979.
He was employed by Shell Oil Company from 1951 to 1967 and served in  managerial
capacities from 1959 to 1967. From 1967 to 1969, he was Director of Fund Raising
at the  University of Oklahoma and from 1969 to 1971, was Vice President of Land
and Operations for Imperial American Management Company. In 1971, Mr. Eckley was
a  petroleum  consultant  and in  1972-1973  was General  Counsel and  Executive
Director of the Oil Investment  Institute.  From 1973 to 1974, he was Manager of
Oil Properties,  Inc. and from 1974 to 1976, was Vice President,  Land and Joint
Ventures for Petro-Lewis  Corporation.  From 1977 to August 1979, Mr. Eckley was
President of Eckley  Energy,  Inc., a company  engaged in purchasing and selling
oil and gas properties. Mr. Eckley received an L.L.B. degree from the University
of Oklahoma in 1951 and a Juris Doctor degree from the University of Oklahoma in
1970.

     William C.  Hooper,  Jr.  Mr.  Hooper,  age 58, has been a Director  of the
General  Partner  since its  formation  in 1979 and is a member  of the  General
Partner's Audit and Compensation and Options Committees.  In 1960 he was a staff
engineer in the Natural Gas Department of the Railroad Commission of Texas, with
principal  duties  involving  reservoir units and gas proration.  In 1961 he was
employed by the California  Company as a Drilling  Engineer and  Supervisor.  In
1963 he was employed as a Staff Engineer by California Research  Corporation and
in 1964 rejoined the  California  Company as a project  manager  having  various
duties involving  drilling and reservoir  evaluations.  In 1966 he was Executive
Vice  President  for Moran Bros.  Inc.,  coordinating  and  managing all company
activities,  drilling operations,  bidding and engineering.  From 1970 until the
present, he has been self-employed as a consulting  petroleum engineer providing
services to industry and  government  and engaged in business as an  independent
oil and gas operator and investor.  From 1975 to 1987 he was also a Director and
President of Verna Corporation,  a drilling contractor and service organization.
He received a B.S.  degree in Petroleum  Engineering in 1960 from the University
of Texas and an M.S. degree in Petroleum  Engineering  from that same University
in 1961.

     Stuart  Strasner.  Mr.  Strasner,  age 66,  was a Director  of the  General
Partner from its  formation  until October of 1986.  He was  reappointed  to the
Board  on  April  19,  1990 to  fill a  vacancy.  He is a  member  of the  Audit
Committee. He is a professor of business law at Oklahoma City University and was
Dean of the law school at  Oklahoma  City  University  from July 1984 until June
1991.  Prior to July 1984, Mr. Strasner was an attorney in private practice with
McCollister,  McCleary, Fazio and Holliday in Oklahoma City, Oklahoma. From 1959
to 1974,  he was  employed  by various  banks,  bank  holding  companies  and an
insurance  company  in  executive  capacities.  From  1974  to  1978,  he  was a
consultant to various  corporations  such as insurance  companies,  bank holding
companies and small business investment companies. From 1978 until late 1981, he
was Executive  Director of the Oklahoma Bar  Association,  and from 1981 to 1983
was  a  Director  and  President  of  PRST  Enterprises,  Inc.,  a  real  estate
development  company.  Mr.  Strasner  holds an A.B.  degree from  Panhandle  A&M
College,  Oklahoma,  and a J.D. degree from the University of Oklahoma.  He is a
member  of the  Fellows  of the  American  Bar  Association  and a member of the
Oklahoma  Bar  Association.  Mr.  Strasner is also a director of Health  Images,
Inc., a public  company which  provides  fixed site magnetic  resonance  imaging
("MRI") services.


                                      III-1

<PAGE>

     Martin J. Freedman.  Mr. Freedman, age 71, was one of the General Partner's
founders  and a member of its Board of  Directors  as well as a board  member of
Enex Securities  Corporation until June of 1986. He was reappointed to the Board
on April 19,  1990 to fill a  vacancy.  He is a member of the  Compensation  and
Options  Committee.  He is  currently  President  of Freedman Oil & Gas Company,
engaged primarily in the management of its exploration and producing properties,
and the managing  partner  Martin J. Freedman & Company which has an interest in
approximately  one hundred  producing  oil and/or gas wells.  Mr.  Freedman is a
lifetime member of the Denver  Petroleum Club as well as being a lifetime member
of the Denver Association of Petroleum  Landmen.  He was an officer and Director
and/or  founder of several  former private and public  companies.  Mr.  Freedman
entered the oil and gas business in 1954 when he joined Mr.  Marvin Davis of the
Davis Oil Company.  In 1956, he became President of Central Oil  Corporation,  a
company engaged in oil and gas exploration.  From 1958 on, Mr. Freedman operated
as Martin J. Freedman Oil Properties and was President of Oil Properties,  Inc.,
a private corporation. Mr. Freedman attended Long Island University and New York
University.  He received a bachelor's degree in Psychology and also attended New
York University's graduate school.

     James  Thomas  Shorney.  Mr.  Shorney,  age 70, has been a Director  of the
General  Partner  since  April of 1990 and is a member of the  Compensation  and
Options Committee. He has been a petroleum consultant and Secretary/Treasurer of
the Shorney Company, a privately held oil and gas exploration company, from 1970
to date. From 1970 to 1976, he also served as a petroleum consultant in Land and
Lease Research Analysis Studies for the GHK Company. He was an oil and gas lease
broker  from  1962 to 1970  and  employed  by  Shell  Oil  Company  in the  Land
Department  from 1954 to 1962.  Before  joining Shell Oil Company,  he served as
Public  Information  Officer  in the  U.S.  Army  Air  Force  from  1950 to 1953
including attending  Georgetown  University Graduate School in 1952. Mr. Shorney
graduated  from the  University of Oklahoma with a B.A.  degree in Journalism in
1950.  From 1943 to 1945,  he  served in the U.S.  Army Air Force as an air crew
member  on a  B-24  Bomber.  Mr.  Shorney  is a  member  of  the  Oklahoma  City
Association  of  Petroleum  Landmen  on  which he has  served  as  Director  and
Secretary/Treasurer.  He is an active  member  of the  American  Association  of
Petroleum Landmen. In 1975, Mr. Shorney was first listed in the London Financial
Times' Who's Who in World Oil and Gas.

     Robert D. Carl,  III.  Mr.  Carl,  age 42, was  appointed a Director of the
General Partner on July 30, 1991 and is a member of the Audit  Committee.  He is
President,  Chief Executive  Officer and Chairman of the Board of Health Images,
Inc., a public company whose securities are traded on NYSE, which provides fixed
site magnetic  resonance imaging ("MRI")  services.  From 1978 to 1981, Mr. Carl
also  served as  President  of Carl  Investment  Associates,  Inc. a  registered
investment  advisor.  In 1981,  Mr. Carl joined  Cardio-Tech,  Inc.,  as general
counsel  and as an officer and  Director.  Upon the sale and  reorganization  of
Cardio-Tech,  Inc.  into  Cardiopul  Technologies  in  1982,  he  served  as its
Executive  Vice  President  and as a  Director.  In March,  1985 he was  elected
President,  Chief Executive Officer and Chairman of Cardiopul Technologies which
spun off its  non-imaging  medical  services  business  and  changed its name to
Health  Images,  Inc.  Mr. Carl  received a B.A. in History  from  Franklin  and
Marshall  College,  Lancaster,  Pennsylvania  in  1975  and a  J.D.  from  Emory
University  School of Law,  Atlanta,  Georgia in 1978.  Mr. Carl is a trustee of
Franklin & Marshall College and is a member of the State Bar of Georgia.

     On January 4, 1996, the SEC filed a complaint in the United States District
Court for the  District of Columbia  against  Mr.  Carl  alleging  that Mr. Carl
violated Section 16(a) of the Securities  Exchange Act of 1934 ("Exchange Act"),
and Rule 16a-2 and 16a-3  (and  former  Rule  16a-1)  thereunder,  by failing to
timely file  reports  concerning  thirty-eight  securities  transactions  in his
mother's brokerage accounts involving shares of Health Images, Inc. stock.
Although Mr. Carl's mother apparently did not

                                      III-2

<PAGE>

live in his  household,  the SEC took the  position  that  because  Mr. Carl (1)
provided  substantial  financial  support  to his  mother,  (2)  commingled  his
mother's  assets with his own, (3) provided a  substantial  portion of the funds
used to purchase  the shares in  question,  and (4)  received  from his mother a
substantial  portion  of the sales  proceeds,  he,  therefore,  had a  pecuniary
interest in, and was a beneficial owner of, the shares in question.

     In response to the SEC's action, Mr. Carl disgorged to Health Images,  Inc.
approximately  $92,400 in  short-swing  profits from the trading in his mother's
account,  plus  interest  thereon  of  approximately  $52,600.  The SEC  further
requested the court to impose a $10,000 civil penalty  against Mr. Carl pursuant
to Section  21(d)(3)  of the  Exchange  Act.  Without  admitting  or denying the
allegations  in the  complaint,  Mr.  Carl  consented  to the  entry  of a final
judgement  imposing the $10,000  penalty.  On January 12, 1996, a federal  judge
entered the final judgement in this matter, and Mr. Carl has since filed amended
reports on Forms 4 and 5 reflecting these transactions in his mother's accounts.

     In relation to the same matter, the SEC has issued an administrative  Order
pursuant to Section 21C of the Exchange  Act against Mr.  Carl,  finding that he
violated  Section 16(a) and the rules  thereunder and requiring him to cease and
desist from  committing  or causing any  violation or future  violation of those
provisions. Without admitting or denying allegations in the SEC's Order, Mr.
Carl consented to the entry of the Order.

     Robert E. Densford.  Mr. Densford,  age 38, was appointed a Director of the
General  Partner  on  September  11,  1991.  He joined  the  General  Partner as
Controller  on May 1, 1985 and  became  Vice  President-Finance,  Secretary  and
Treasurer  on March 1, 1989.  From  January  1983 to April  1985,  he was Senior
Accountant for Deloitte Haskins & Sells in Houston, Texas, auditing both closely
held and publicly owned oil and gas  companies.  From September 1981 to December
1982, he was a staff  accountant for Coopers & Lybrand in Houston.  Mr. Densford
is a C.P.A.  and holds a B.B.A.  degree in Accounting and an M.S.  degree in Oil
and Gas  Accounting  from Texas Tech  University and is a member of the American
Institute of Certified  Public  Accountants  and the Texas  Society of Certified
Public Accountants.

     James A. Klein. Mr. Klein, age 32, joined the General Partner as Controller
in February 1991. In June 1993, he was appointed President and Principal of Enex
Securities  Corporation.  From June 1988 to February  1991,  he was  employed by
Positron Corporation in Houston.  From July 1987 to May 1988, he was employed by
Transworld  Oil Company in Houston and from  September  1985 until July 1987, he
was an accountant with Deloitte Haskins & Sells in Houston,  Texas, auditing oil
and gas and oil service  companies.  Mr. Klein is a Certified Public  Accountant
and holds a B.A. in  Accounting  (1985)  from the  University  of Iowa.  He is a
member of the American  Institute of Certified  Public  Accountants and the Iowa
Society of Certified Public Accountants.

Item 10.   Executive Compensation

     The Company has no Directors or executive officers.

     The Company does not pay a proportional or fixed share of the  compensation
paid to the officers of the General Partner.

     The  Company   reimburses   the  General   Partner  for  direct  costs  and
administrative  costs incurred on its behalf.  Administrative costs allocated to
the Company are computed on a cost basis in accordance  with  standard  industry
practices by allocating the time spent by the General Partner's  personnel among
all  projects  and by  allocating  rent and other  overhead  on the basis of the
relative direct time charges.

                                      III-3

<PAGE>



Item 11.    Security Ownership of Certain Beneficial Owners and Management


                                                     $500 Limited
                                     Name of         Partner Units      Percent
           Title of Class       Beneficial Owner    Owned Directly     of Class

           Limited Partner       Enex Resources           974          15.3668%


Item 12.         Certain Relationships and Related Transactions


                 See the  Statements  of  Operations  included in the  Financial
Statements  in Item 7 of this  report for  information  concerning  general  and
administrative  costs incurred by Enex and allocated to the Company,  and Note 1
to  such  Financial  Statements  for  information  concerning  payments  to Enex
Securities  Corporation,  a  wholly  owned  subsidiary  of Enex  and to Enex for
certain offering and organization expenses incurred by the Company.


Item 13.    Exhibits and Reports on Form 8-K

                                                             Sequential
                                                               Page No.
                                                        ------------------


            (a) Exhibits

                (3)   a.    Certificate of Limited Partnership, as amended.
                            Incorporated by reference to Exhibit 3(a) to the
                            Company's Annual Report on Form 10-K for the
                            year ended December 31, 1987.

                      b.    Amended Agreement of Limited Partnership.
                            Incorporated by reference to Exhibit 3(a) to
                            Post-Effective Amendment No. 1 to the
                            Registration Statement on Form S-1 (No. 33-
                            4755) of Enex Oil and Gas Income Program III
                            filed with the Securities and Exchange
                            Commission on April 9, 1987.

                (4)          Not Applicable

                (10)         Not Applicable

                (11)         Not Applicable

                (12)         Not Applicable

                (13)         Not Applicable

                                      III-4

<PAGE>



                (18)         Not Applicable

                (19)         Not Applicable

                (22)         Not Applicable

                (23)         Not Applicable

                (24)         Not Applicable

                (25)         Not Applicable

                (28)         Not Applicable

            (b) Reports on Form 8-K

                No  reports  on Form 8-K were  filed  during the last
                quarter of the period covered by this report.


                                      III-5

<PAGE>


                                   SIGNATURES


                  In  accordance  with Section 13 or 15 (d) of the Exchange Act,
the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                      ENEX OIL & GAS INCOME PROGRAM III 
                                             SERIES 6, L.P.

                                      By:    ENEX RESOURCES CORPORATION
                                              the General Partner



March 18, 1996                        By:     /s/   G. B. Eckley
                                              -------------------
                                                    G. B. Eckley, President


                  In  accordance  with the  Exchange  Act,  this report has been
signed  below on March 18,  1996,  by the  following  persons in the  capacities
indicated.


ENEX RESOURCES CORPORATION             General Partner


By:  /s/      G. B. Eckley

             ------------------------
              G. B. Eckley, President


     /s/      G. B. Eckley
                                        President, Chief Executive
              ------------------        Officer and Director


              G. B. Eckley


     /s/      R. E. Densford            Vice President, Secretary, Treasurer,
                                        Chief Financial Officer and Director
             -------------------


              R. E. Densford


     /s/      James A. Klein            Controller and Chief Accounting Officer

             -----------------

              James A. Klein


                                       S-1

<PAGE>

                                   /s/ Robert D. Carl, III

                                   --------------------------

                                       Robert D. Carl, III       Director



                                   /s/ Martin J. Freedman

                                   --------------------------

                                       Martin J. Freedman        Director


                                   /s/ William C. Hooper, Jr.

                                   --------------------------

                                       William C. Hooper, Jr.    Director


                                   /s/ Tom Shorney

                                   --------------------------

                                       Tom Shorney               Director


                                   /s/ Stuart Strasner

                                   --------------------------

                                       Stuart Strasner           Director



                                       S-2