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, 2000                 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, TX 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, 2000,  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


                                      INDEX


PART I.   FINANCIAL INFORMATION

  Item 1. Financial Statements:

          Condensed Balance Sheets as of March 31, 2000 (Unaudited) and
          December 31, 1999

          Condensed Statements of Earnings for the Three Months Ended
          March 31, 2000 and 1999 (Unaudited)

          Statements of Comprehensive Income for the Three Months Ended
          March 31, 2000 and 1999 (Unaudited)


          Condensed Statements of Cash Flows for the Three Months Ended
          March 31, 2000 and 1999 (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)
PART I
Item 1
                            CONDENSED BALANCE SHEETS
                             (Dollars in Thousands)
                                                           March 31,  Dec. 31,
                                                             2000       1999
                                                           --------   --------
                             ASSETS                       (Unaudited)
Current assets:
    Cash and cash equivalents ........................      $ 7,071    $ 7,017
    Restricted cash ..................................          393        390
    Investments - available for sale .................        4,980      5,156
    Accounts receivable, net .........................        1,878      1,555
    Prepaid expenses and other current assets ........          115        141
                                                            -------    -------
      Total current assets ...........................       14,437     14,259
                                                            -------   --------

Property and equipment - at cost .....................       29,244     29,203
    Less depreciation, depletion, and amortization ...      (15,746)   (15,297)
                                                            -------   --------
      Net property and equipment .....................       13,498     13,906
                                                            -------   --------

Total assets .........................................      $27,935    $28,165
                                                            =======    =======

              LIABILITIES AND PARTNERSHIP CAPITAL

Current liabilities:
    Accounts payable and other current liabilities ...      $   312    $   252
    Production and property taxes payable or accrued .          685        630
    Royalties and production payment payable .........        1,122        889
    Distributions payable to Unitholders .............        1,956      1,956
                                                            -------    -------
      Total current liabilities ......................        4,075      3,727

Long-term debt .......................................          100        100
                                                            -------    -------
      Total liabilities ..............................        4,175      3,827
                                                            -------   --------
Commitments and contingencies (Note 2)

Partnership capital:
    General partners .................................          136        140
    Unitholders ......................................       21,162     21,559
    Accumulated other comprehensive income ...........        2,462      2,639
                                                            -------    -------
      Total partnership capital ......................       23,760     24,338
                                                            -------    -------

Total liabilities and partnership capital ............      $27,935    $28,165
                                                            =======    =======
                     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,
                                                         ---------------------
                                                           2000         1999
                                                         --------     --------

Net operating revenues:
     Natural gas sales .............................     $  4,318     $ 3,153
     Other .........................................           50          46
     Production payment (ORRI) .....................         (207)       (135)
                                                         --------     -------
Total net operating revenues .......................        4,161       3,064
                                                         --------     -------
Costs and expenses:
    Operating, including production taxes ..........          916         788
    Depletion, depreciation & amortization .........          449         487
    General and administrative .....................          140         136
    Management fees ................................          126         115
    Interest ......................................            10           9
    Other income, net ..............................         (118)        (73)
                                                         --------     -------
Total costs and expenses ...........................        1,523       1,462
                                                         --------     -------
Net earnings .......................................     $  2,638     $ 1,602
                                                         ========     =======
Net earnings per Unit (in dollars) .................     $   0.24     $  0.15
                                                         ========     =======

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


Net earnings .......................................     $  2,638     $ 1,602
Unrealized holding gain (loss) on
     available for sale securities .................         (176)       (164)
                                                         --------     -------
Comprehensive income ...............................     $  2,462     $ 1,438
                                                         ========     =======

                     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,
                                                           --------------------
                                                             2000         1999
                                                           -------      -------

Cash flows provided by operating activities ..........     $ 3,134      $ 2,720
                                                           -------      -------
Cash flows used in investing activities:
    Purchases of property & equipment ................         (41)         (40)
                                                           -------      -------
Cash flows used in investing activities ..............         (41)         (40)
                                                           -------      -------
Cash flows used in financing activities:
    Distributions paid to Unitholders ................      (3,039)      (1,954)
                                                           -------      -------
Cash flows used in financing activities ..............      (3,039)      (1,954)
                                                           -------      -------

Increase in cash and cash equivalents ................          54          726
Cash and cash equivalents at January 1, ..............       7,017        4,167
                                                           -------      -------
Cash and cash equivalents at March 31, ...............     $ 7,071      $ 4,893
                                                           =======      =======












                     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 the Unitholders by the 10,744,380 Units outstanding.

2.   Through 1998 the Partnership  recorded  $450,000  (which  included  related
     interest)  towards a  request  from  Panhandle  Eastern  Pipe Line  Company
     ("PEPL")  for  refund  of  Kansas  tax   reimbursements   received  by  the
     Partnership  during the years 1983 to 1987.  These charges  resulted from a
     ruling by the United  States Court of Appeals for the District of Columbia,
     which  overruled  a  previous  order  by  the  Federal  Energy   Regulatory
     Commission.  On March 9,  1998  $151,757  was paid to PEPL.  An  additional
     $366,633,  which  is  still  awaiting  possible  regulatory/judicial/legis-
     lative/settlement  action,  was placed into an escrow account.  On March 2,
     1999, $2,840 was released from escrow to PEPL. At March 31, 2000, the value
     of the escrow is approximately $393,000. The escrowed funds include amounts
     that could  possibly be waived,  recovered or recoverable  from others,  of
     which  $34,000  has  been  recorded  as an  allowance  for bad  debt on the
     Partnership's books in the event it is not waived and deemed uncollectible.

     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.   Since 1994 the  Partnership  has maintained an unsecured  revolving  credit
     facility for $15,000,000 (the  "Agreement")  with Bank One, Texas, N.A. The
     Agreement  has a  current  borrowing  base  of  $6,000,000,  which  will be
     re-evaluated by Bank One at least semi-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, which was 9.00% on April 30, 2000. All amounts borrowed under
     this facility will become due and payable on July 31, 2001. As of April 30,
     2000,  letters of credit  totaling  $25,000  were  issued  under the credit
     facility and the amount borrowed was $100,000.  The weighted average amount
     borrowed under the credit  facility was  approximately  $100,000 during the
     first quarter of 2000; $100,000 is the minimum borrowing level necessary to
     maintain the credit facility.



<PAGE>
                            DORCHESTER HUGOTON, LTD.
                          (A Texas Limited Partnership)
PART I
Item 2
                     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,
2000 were $3,134,000  compared to $2,720,000 for the same period of 1999.  First
quarter  net  earnings  were $0.24 per Unit  compared to $0.15 per Unit in 1999.
Operating  cash flows and net earnings  were higher  during 2000  primarily as a
result of  significantly  higher natural gas market prices  compared to the same
period last 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 3 to the financial
statements  for  additional  information.  Cash and temporary  cash  investments
totaled  $7,071,000  on March 31, 2000  compared to  $7,017,000  on December 31,
1999.  On March 15,  2000 a special  distribution  of $0.10 per Unit was paid to
Unitholders  of record on February 29, 2000.  On April 14, 2000 the  Partnership
paid a  distribution  of $0.18  per  Unit  for the  first  calendar  quarter  to
Unitholders of record on March 31, 2000. The total of the two  distributions was
approximately $3,039,000.

In connection with the Oklahoma properties, in May 2000 the Partnership will pay
approximately  $730,000 in production  payments for the year ended  February 29,
2000. An additional $62,000 has been accrued for March, 2000.

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

                                             Three Months Ended
                                        ----------------------------
                                            March 31,        Dec. 31,
                                         2000       1999       1999
Sales Volumes - MMCF:                   -----      -----      -----
   Oklahoma ..........................  1,392      1,415      1,434
   Kansas ............................    291        348        309
                                        -----      -----      -----
Total MMCF ...........................  1,683      1,763      1,743
                                        =====      =====      =====
Weighted Average Sales Prices - $/MCF:
   Oklahoma ..........................  $2.53      $1.77      $2.59
   Kansas ............................   2.72       1.85       2.72
Overall Weighted Average - $/MCF......  $2.57      $1.79      $2.62

Oklahoma gas sales volumes were slightly lower during the first quarter compared
to the first quarter of 1999 and slightly  lower than the previous  quarter as a
result of routine state well tests during the current  quarter.  Kansas  natural
gas sales  volumes  were lower  during the first  quarter  compared  to the same
quarter  of 1999 and the  previous  quarter  as a result  of  natural  reservoir
decline typical of all producers in that area.

During the first quarter of 2000,  the  Partnership  repaired one casing leak in
Oklahoma and then fracture treated the well (creating cracks in the formation to
assist gas flow from the  producing  zones).  Preliminary  results show the well
increased in shut-in pressure and is producing about the same volume of gas with
65 bbls per day water production.  The Partnership believes the water production
may  eventually  decrease.  The  Partnership  plans to fracture treat four wells
during the second quarter of 2000. The Partnership's  Fort Riley well production
appears to have stabilized at 65 MCF per day with water production decreasing.


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

PART I
Item 2
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                                   (Continued)


As discussed in the 1999 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 by operators on
adjoining   acreage   resulting  from  the  relaxed   production   rules.   Such
installations  by  others  could  require   Partnership   expenditures  to  stay
competitive  with  adjoining  operators.  The  Partnership,  together with other
producers,  are currently seeking Kansas  regulatory  permission to employ field
compressors  to operate the wells at a vacuum.  The  proposal is opposed by some
producers  and  neither  the outcome  nor the  possible  effect  upon  allowable
production volume is predictable.

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
including none during the first quarter.  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 have varied from 28 MCF per day with water
production  to 682 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  59 MCFD, 24 MCFD and 11 MCFD. The  Partnership  has a
minor overriding royalty interest in the three wells.

As previously reported,  the accounting firm that has, for years,  processed the
Partnership's  4,000 to 5,000  individualized  K-1's previously notified us that
their current computer software, while fully able to process 1999 tax returns in
early  2000,  would not be able to process  Year 2000 tax returns in early 2001.
Subsequently, the Partnership was notified during the third quarter of 1999 that
the accounting firm had begun  developing new software and acquired another firm
that had a Year 2000 compliant product.  However,  conversion of the data to the
new software will still be necessary.  Consequently, the Partnership believes it
could incur estimated total expenditures of $150,000 to $200,000 during calendar
year 2000 and 2001 on K-1  preparation  and/or  conversion  costs in addition to
current K-1 processing costs.  Except as stated above, thus far, the Partnership
has been essentially unaffected by the change from calendar year 1999 to 2000.

As  previously  discussed  in the  1997,  1998,  and 1999  Annual  Reports,  the
Partnership  is reviewing  its  strategic  alternatives  in light of the various
mergers and other business transactions  occurring in the natural gas and energy
industry.  Although no decision  to sell or combine the  Partnership's  business
with others has been made, the Partnership anticipates possible discussions with
third  parties, which could result in such a decision.  The  Partnership  has no
timetable  for any such  discussions,  and there is no  assurance  that any such
discussions  will lead to a  transaction.  During the first  quarter of 1998 the
Partnership  adopted a severance  policy which would provide up to approximately
$2.8 million of severance payments.


<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)   Exhibit 27 - Financial Data Schedule.


                                   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 4, 2000                     /s/ Kathleen A. Rawlings
                                       Kathleen A. Rawlings
                                       Controller (Principal Accounting Officer)