SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC. 20549

                                    FORM 10-Q

                   QUARTERLY REPORT UNDER SECTION 13 or 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934




For Quarter Ended March 31, 2002                  Commission file number 0-10697



                            DORCHESTER HUGOTON, LTD.
             (Exact name of registrant as specified in its charter)




              Texas                                       75-1829064
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 Incorporation or organization)



        1919 S. Shiloh Road, Suite 600 - LB 48, Garland, Texas 75042-8234
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (972) 864-8610


                                      None
                  Former name, former address and former fiscal
                       year, if changed since last report


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

     As of April 30, 2002,  10,744,380  Depositary Receipts for Units of Limited
Partnership Interest were outstanding.


<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)

                          QUARTERLY REPORT ON FORM 10-Q

                                 March 31, 2002


                                      INDEX


PART I.   FINANCIAL INFORMATION

  Item 1. Financial Statements:

          Condensed Balance Sheets as of March 31, 2002 (Unaudited)
          and December 31, 2001

          Condensed Statements of Earnings for the Three
          Months Ended March 31, 2002 and 2001 (Unaudited)

          Statements of Comprehensive Income for the Three
          Months Ended March 31, 2002 and 2001 (Unaudited)

          Condensed Statements of Cash Flows for the Three Months Ended
          March 31, 2002 and 2001 (Unaudited)

          Notes to Condensed Financial Statements (Unaudited)


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



PART II.  OTHER INFORMATION

  Item 1. Legal Proceedings

  Item 5. Other Information

  Item 6. Exhibits and Reports on Form 8-K



SIGNATURES



<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)


                            CONDENSED BALANCE SHEETS
                             (Dollars in Thousands)
                                                           March 31,    Dec. 31,
                                                             2002        2001
                                                           --------    --------
                                     ASSETS              (Unaudited)
Current assets:
    Cash and cash equivalents ..........................   $ 18,029     $18,439
    Investments - available for sale ...................      5,610       5,030
    Accounts receivable ................................      1,712       1,472
    Prepaid expenses and other current assets ..........        288         453
                                                            -------     -------
      Total current assets .............................     25,639      25,394
                                                            -------     -------

Property and equipment - at cost .......................     34,999      34,996
    Less depreciation, depletion and amortization ......    (19,467)    (18,936)
                                                            -------    --------
      Net property and equipment .......................     15,532      16,060
                                                            -------    --------

Total assets ...........................................    $41,171     $41,454
                                                            =======     =======
                       LIABILITIES AND PARTNERSHIP CAPITAL
Current liabilities:
    Accounts payable and other current liabilities .....    $   766     $   648
    Production and property taxes payable or accrued ...        333         230
    Royalties payable ..................................        338         309
    Distributions payable to Unitholders ...............      2,931       2,931
                                                            -------     -------
      Total liabilities ................................      4,368       4,118

Commitments and contingencies (Note 2)

Partnership capital:
    General partners ...................................        260         271
    Unitholders ........................................     33,450      34,552
    Accumulated other comprehensive income .............      3,093       2,513
                                                            -------     -------
      Total partnership capital ........................     36,803      37,336
                                                            -------     -------

Total liabilities and partnership capital ..............    $41,171     $41,454
                                                            =======     =======

            The accompanying condensed notes are an integral part of
                           these financial statements.
<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)

                        CONDENSED STATEMENTS OF EARNINGS
                             (Dollars in Thousands)
                                   (Unaudited)



                                                            Three Months Ended
                                                                 March 31,
                                                           ---------------------
                                                              2002       2001
                                                           ----------  ---------

Net operating revenues:
     Natural gas sales, net ............................    $ 3,677     $11,322
     Other .............................................         23          56
                                                            -------     -------
Total net operating revenues ...........................      3,700      11,378
                                                            -------     -------
Costs and expenses:
    Operating, including production taxes ..............        825       1,427
    Depletion, depreciation & amortization .............        541         406
    General and administrative .........................        224         225
    Management fees ....................................        121         198
    Merger costs and related expenses ..................        262         177
    Investment income ..................................       (106)       (273)
    Interest expense ...................................          8           9
    Other (income) expense, net ........................          8         (15)
                                                            -------     -------
Total costs and expenses ...............................      1,883       2,154
                                                            -------     -------
Net earnings ...........................................    $ 1,817     $ 9,224
                                                            =======     =======
Net earnings per unit (in dollars) .....................    $  0.17     $  0.85
                                                            =======     =======

                       STATEMENTS OF COMPREHENSIVE INCOME
                             (Dollars In Thousands)
                                   (Unaudited)


Net earnings ...........................................    $ 1,817     $ 9,224
Unrealized holding gain (loss) on available
    for sale securities ................................        580        (380)
                                                            -------     -------
Comprehensive income ...................................    $ 2,397     $ 8,844
                                                            =======     =======

            The accompanying condensed notes are an integral part of
                           these financial statements.

<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)


                       CONDENSED STATEMENTS OF CASH FLOWS
                             (Dollars in Thousands)
                                   (Unaudited)

                                                            Three Months Ended
                                                                 March 31,
                                                           --------------------
                                                             2002         2001
                                                           -------      -------

Cash flows provided by operating activities .............  $ 2,541      $11,141
                                                           -------      -------
Cash flows used in investing activities:
    Purchases of property and equipment .................      (34)         (52)
    Cash received on sale of other property and equipment       13           26
                                                           -------      -------
Cash flows used in investing activities .................      (21)         (26)
                                                           -------      -------
Cash flows used in financing activities:
    Distributions paid to Unitholders ...................   (2,930)      (2,388)
                                                           -------      -------

Increase (decrease) in cash and cash equivalents ........     (410)       8,727
Cash and cash equivalents at January 1, .................   18,439       15,767
                                                           -------      -------
Cash and cash equivalents at March 31, ..................  $18,029      $24,494
                                                           =======      =======




            The accompanying condensed notes are an integral part of
                           these financial statements.

<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

1.   The condensed financial statements reflect all adjustments (consisting only
     of  normal  and  recurring   adjustments)  that  are,  in  the  opinion  of
     management, necessary for a fair presentation of Dorchester Hugoton, Ltd.'s
     (the  "Partnership's")  financial  position and  operating  results for the
     interim period.  Interim period results are not  necessarily  indicative of
     the results for the calendar year. Please refer to Management's  Discussion
     and  Analysis  of  Financial   Condition  and  Results  of  Operations  for
     additional information.  Per-Unit information is calculated by dividing the
     99% interest owned by Unitholders by the 10,744,380 Units outstanding.

2.   In January  2002,  an  association  called Rural  Residents for Natural Gas
     Rights,  referred to as RRNGR,  filed a lawsuit  against  the  Partnership,
     Anadarko Petroleum  Corporation,  Conoco, Inc., XTO Energy Inc., ExxonMobil
     Corporation,   Phillips   Petroleum   Company,   Incorporated   and  Texaco
     Exploration and Production,  Inc. RRNGR consists primarily of Texas County,
     Oklahoma residents who use natural gas at their own risk, free of cost from
     gas wells in residences  located on leases. The plaintiffs seek declaration
     that their  domestic gas use is not limited to stoves and inside lights and
     is not limited to a principal dwelling as provided in the oil and gas lease
     agreements  entered  into with the  defendants  in the 1930's  through  the
     1950's.  Plaintiffs also assert  defendants  conspired to restrain trade by
     warning of dangers of  natural  gas use and using such  warnings  to induce
     some plaintiffs to release their domestic gas rights.  Plaintiffs also seek
     certification  of  class  action  against  defendants.  Dorchester  Hugoton
     believes  plaintiffs'  claims are completely without merit as to Dorchester
     Hugoton and has filed an answer,  including  a motion for summary  judgment
     against plaintiff.  Further, based upon past measurements of such gas usage
     and current  natural gas prices,  Dorchester  Hugoton  believes the damages
     sought by plaintiffs to be minimal.

     The  Partnership  is involved in a few other  legal  and/or  administrative
     proceedings  arising in the ordinary  course of its gas  business,  none of
     which have predictable  outcomes and none of which are believed to have any
     significant effect on financial position or operating results.

3.   As disclosed on a Form 8-K filed on December 14, 2001, the  Partnership has
     signed definitive agreements to combine the businesses and/or properties of
     the Partnership,  Republic Royalty Company,  and Spinnaker Royalty Company,
     L.P.,  in a non-taxable  transaction,  into a new publicly  traded  limited
     partnership.  The definitive  agreements include provisions for the general
     partners of each entity to exercise a  fiduciary  option to  terminate  the
     agreements subject to payment of $3,000,000 in total to the non-terminating
     entities.  Such  payment by the  terminating  entity may also  result  from
     uncorrected  failure  to fulfill a material  obligation  of the  definitive
     agreements. During 2001, approximately $785,000 was expensed related to the
     combination  compared  to  $339,000  in  2000.  Approximately  $262,000  of
     expense,  relating primarily to the filing of a registration statement, has
     been incurred  during the quarter ending March 31, 2002. The combination is
     subject to a number of  conditions  including (1) approval by a majority of
     Dorchester  Hugoton  Unitholders,  (2) approvals by the owners of Spinnaker
     Royalty and  Republic  Royalty and  affiliated  partnerships  and  interest
     holders,  and (3) filings with and/or clearances by various  securities and
     governmental  authorities.  On May  15,  2002,  the  Partnership,  Republic
     Royalty  Company,  and Spinnaker  Royalty  Company,  L.P.  filed an initial
     Registration Statement on Form S-4 under the Securities Act of 1933.

<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Continued)

     The  Partnership  adopted a severance  policy  during the first  quarter of
     1998. Benefits are generally payable to employees and General Partner(s) in
     the event the Partnership incurs reduction in force or the elimination of a
     position or group of positions. The policy provides for up to approximately
     $2.8 million in severance payments if such obligations  occur.  Pursuant to
     agreements related to the combination,  such severance payments,  estimated
     to be $2.7 million, will be paid by the Partnership prior to closing of the
     transaction.

4.   Since 1994 the  Partnership  has maintained an unsecured  revolving  credit
     facility for $15,000,000 with Bank One, Texas,  N.A. The current  borrowing
     base is  $6,000,000,  which  will be  re-evaluated  by  Bank  One at  least
     annually.  If, on any such date, the aggregate amount of outstanding  loans
     and letters of credit exceed the current borrowing base, the Partnership is
     required  to repay  the  excess.  This  credit  facility  covers  both cash
     advances  and any letters of credit  that the  Partnership  may need,  with
     interest  being  charged at the base rate for Bank One (4.75%) on March 31,
     2002 and April 30, 2002.  All amounts  borrowed  under this  facility  will
     become due and payable on July 31, 2002. As of March 31 and April 30, 2002,
     no letters of credit were issued  under the credit  facility and the amount
     borrowed was $100,000 (the minimum  borrowing  level  necessary to maintain
     the credit facility).




<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)


                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Net cash flows from operating activities during the three months ended March 31,
2002 were $2,541,000  compared to $11,141,000 for the same period of 2001. First
quarter  net  earnings  were $0.17 per Unit  compared to $0.85 per Unit in 2001.
Operating  cash flows and net earnings  were higher  during 2001  primarily as a
result of  significantly  higher natural gas market prices  compared to the same
period this year as shown in the table below.

The Partnership has available a $15,000,000  unsecured revolving credit facility
with a current borrowing base of $6,000,000.  Please see Note 4 to the Financial
Statements  for  additional  information.  Cash  and  cash  equivalents  totaled
$18,029,000 on March 31, 2002 compared to $18,439,000 on December 31, 2001.

The  Partnership's  portion  of gas sales  volumes  (not  reduced  for  Oklahoma
production payments where applicable) and weighted average sales prices were:

                                                      Three Months Ended
                                                ------------------------------
                                                    March 31,          Decem-
                                                -----------------      ber 31,
                                                 2002       2001        2001
Sales Volumes - MMCF:                           ------     ------     -------
   Oklahoma .................................    1,222      1,353      1,291
   Kansas ...................................      219        250        235
                                                 -----      -----      -----
Total MMCF ..................................    1,441      1,603      1,526
                                                 =====      =====      =====
Weighted Average Sales Prices - $/MCF:
   Oklahoma .................................   $ 2.57     $ 7.49     $ 2.34
   Kansas ...................................     2.45       7.60       2.54
Overall Weighted Avg - $/MCF ................     2.55       7.51       2.37

Oklahoma gas sales  volumes  during the first quarter of 2002 were less than the
first  quarter of 2001 and the fourth  quarter of 2001  primarily as a result of
reduced  gas  pipeline  receipts  because  of  an  explosion  unrelated  to  the
Partnership's  facilities.  Kansas gas sales volumes during the first quarter of
2002 were lower than the first quarter of 2001 and the fourth quarter of 2001 as
a result of state well testing and natural reservoir decline.

Effective May 1, 2002, all of Dorchester  Hugoton's Kansas gas was committed for
sale to Anadarko  Energy  Services  Company for a period of one year and year to
year  thereafter.  Anadarko pays  Dorchester  Hugoton based on an average of the
market  price in the field.  Pursuant  to notice  given  November  1, 2001,  the
previous gas sales  agreement with Duke Energy Field Services,  Inc.  expired on
May 1, 2002.  Dorchester  Hugoton  believes  the impact of the change in the gas
purchaser will be immaterial to its income and cash flow.

During  2002  the  Partnership  participated  as  non-operator  in the  fracture
treatment  (creating  cracks  in the  formation  to  assist  gas  flow  from the
producing  zones into the well bore) of one well in  Oklahoma.  The well did not
increase in shut-in  pressure  but  increased  in volume from 203 to 222 MCF per
day. The  Partnership  owns a 25% working  interest in the well.  Similar to the
discussion  in the 2001 Annual  Report on Form 10-K,  the  Partnership  recently
recompleted a well which commingled the Fort Riley/Winfield/Krider  zones in the
well bore. As a result,  all three  Partnership  wells that have  penetrated the
Fort Riley zone are  commingled  with the  Winfield/Krider  zone.  The first and
second wells are  producing 410 MCF per day at 44 psig and 225 MCF per day at 16
psig with 14 bbls of water per day,  respectively.  The third well is  producing
240 MCF per day at 65 psig compared to the previous 46 MCF per day and 3 bbls of
water per day from the Fort  Riley  zone.  At  present,  the Fort  Riley zone is
purposely not being  produced in the third well while the  Winfield/Krider  zone
stabilizes.
<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)


                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   (Continued)

As discussed in the 2001 Annual Report on Form 10-K,  the  Partnership is active
in  supporting  its views  regarding  possible  Oklahoma  regulatory/legislative
action on infill drilling and in monitoring activities resulting from removal of
production quantity  restrictions during 1998 in the Guymon-Hugoton  field. Both
infill  drilling and removal of  production  limits could  require  considerable
capital   expenditures.   The  outcome  and  the  cost  of  such  activities  is
unpredictable.  No  additional  compression  has been  installed  since  2000 by
operators on adjoining acreage resulting from the relaxed  production rules that
affect the  Partnership's  wells.  Such  installations  by others could  require
Partnership expenditures to stay competitive with adjoining operators.

During 2000, Kansas adopted new regulatory rules, agreed upon by most producers,
to enable the use of field  compressors  to  operate  Hugoton  field  wells at a
vacuum and provide that no well will be restricted to less than 100 MCF per day.
Possible  effects on future  production  in excess of 100 MCF per day allowed by
the state regulations are not predictable.  The Partnership received approval to
operate all its wells at a vacuum; thus far, the Partnership has not experienced
any significant increase in current production. Existing Partnership compressors
have been adequate to create a vacuum.

The  Partnership  is continuing to monitor the activity on nearby acreage in the
Council Grove formation. At present 15 wells have been drilled by others. Two of
the  fifteen  15 wells  were  recompleted  in the  Guymon  Hugoton  field  which
presently  improved  production  by 40 to 44 MCF per day over  the two  original
Guymon Hugoton wells that were plugged and abandoned per state regulations.  The
Partnership's  ownership includes the Council Grove formation underlying most of
its  Oklahoma  acreage.  It is not known if such  monitoring  will result in any
plans by the Partnership to attempt a Council Grove well;  previous  preliminary
reviews  yielded  unfavorable  forecasts.  Recent  results  by  others in the 13
remaining  wells have varied  from 9 MCF per day to 310 MCF per day.  Production
volumes in  subsequent  months have varied  with most wells  showing  decreases.
Current total  production from the three Council Grove wells owned by others but
located on the  Partnership's  acreage is  approximately  12 MCFD,  6 MCFD and 5
MCFD,  respectively.  The Partnership has a minor overriding royalty interest in
the three wells.

As  disclosed  on a Form 8-K filed on December 14,  2001,  the  Partnership  has
signed definitive  agreements to combine the businesses and/or properties of the
Partnership, Republic Royalty Company, and Spinnaker Royalty Company, L.P., in a
non-taxable transaction, into a new publicly traded limited partnership.  During
2001, approximately $785,000 was expensed related to the combination compared to
$339,000 in 2000.  Approximately $262,000 of expense,  relating primarily to the
filing of a registration statement,  has been incurred during the quarter ending
March 31, 2002. The  combination is subject to a number of conditions  including
(1) approval by a majority of Dorchester Hugoton  Unitholders,  (2) approvals by
the owners of Spinnaker Royalty and Republic Royalty and affiliated partnerships
and  interest  holders,  and (3)  filings  with  and/or  clearances  by  various
securities  and  governmental  authorities.  On May 15, 2002,  the  Partnership,
Republic Royalty Company,  and Spinnaker Royalty Company,  L.P. filed an initial
Registration Statement on Form S-4 under the Securities Act of 1933.

 <PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)

                                OTHER INFORMATION
PART II

Item 1. Legal Proceedings: See Notes to Condensed Financial Statements.

Item 5. Other  Information - None.

Item 6. Exhibits and Reports on Form 8-K:
     a)   Reports on Form 8-K - None.



                                   SIGNATURES

Pursuant  to the  requirements  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.


                                       DORCHESTER HUGOTON, LTD.
                                       Registrant





Date: May 15, 2002                     /s/ Kathleen A. Rawlings
                                       Kathleen A. Rawlings
                                       Controller (Principal Accounting Officer)