CONFORMED COPY





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

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 10-Q

                                                  

           [X] Quarterly Report Pursuant to Section 13 or 15(d) of 
                    the Securities and Exchange Act of 1934
                      For the period ended June 30, 1997

                                      or

           [ ] Transition Report Pursuant to Section 13 of 15(d) of 
                   the Securities and Exchange Act of  1934
               For the transition period from         to        


                                                  

                       Commission file number 033-43206

               I.R.S. Employer Identification Number 55-0718529

                        PDC 1992-C LIMITED PARTNERSHIP

                     (A West Virginia Limited Partnership)
                             103 East Main Street
                             Bridgeport, WV 26330
                           Telephone: (304) 842-6256

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     XX       No         

<PAGE>
                        PDC 1992-C LIMITED PARTNERSHIP
                     (A West Virginia Limited Partnership)


                                     INDEX



PART I - FINANCIAL INFORMATION                                    Page No.

  Item 1.  Financial Statements

           Balance Sheets June 30, 1997 and December 31, 1996          1

           Statements of Operations - Three Months and
            Six Months Ended June 30, 1997 and 1996                    2

           Statement of Partners' Equity - 
            Six Months Ended June 30, 1997                             3

           Statements of Cash Flows-
            Six Months Ended June 30, 1997 and 1996                    4

           Notes to Financial Statements                               5

  Item 2.  Management's Discussion and Analysis of Financial 
           Condition and Results of Operations                         6

PART II    OTHER INFORMATION

  Item 1.  Legal Proceedings                                           7

  Item 6.  Exhibits and Reports on Form 8-K                            7












<PAGE>
                        PDC 1992-C LIMITED PARTNERSHIP
                     (A West Virginia Limited Partnership)

                                Balance Sheets

                      June 30, 1997 and December 31, 1996

<TABLE>
<S>                                                   <S>             <S>


  Assets
                                                     1997             1996 
                                                (Unaudited)

Current assets:
  Cash                                            $     933      $      957
  Accounts receivable - oil and gas revenues        164,680         249,414
           Total current assets                     165,613         250,371

Oil and gas properties, successful efforts method
      Oil and gas properties                      6,033,071       6,033,071
      Less accumulated depreciation, depletion
        and amortization                          2,031,224       1,846,327
                                                  4,001,847       4,186,744

Other assets (net of amortization of $28,828 and
      $25,971)                                        2,340           5,197

                                                 $4,169,800      $4,442,312

      Current Liabilities and Partners' Equity

Current liabilities:    
      Accrued expenses                           $   19,161      $   29,563
           Total current liabilities                 19,161          29,563


Partners' Equity                                  4,150,639       4,412,749

                                                 $4,169,800      $4,442,312
</TABLE>
See accompanying notes to financial statements.








                                      -1-
<PAGE>
                            PDC 1992-C LIMITED PARTNERSHIP
                         (A West Virginia Limited Partnership)

                               Statements of Operations

               Three Months and Six Months ended June 30, 1997 and 1996
                                      (Unaudited)

<TABLE>
<S>                                          <S>         <S>            <S>        <S>
                                             Three Months Ended        Six Months Ended   
                                                  June 30,                 June 30,       
                                             1997       1996           1997         1996  


Revenues:
  Sales of oil and gas                     $236,698   $217,952       $632,609    $607,001 
  Transportation revenue                       -         6,143           -         14,438 
  Interest income                               740        822          2,093       1,430 
                                            237,438    224,917        634,702     622,869 

Expenses:
  Lifting costs                              57,168     50,146        125,191     112,754 
  Direct administrative cost                  2,105         91          2,116         341 
  Depreciation, depletion and amortization   87,407    114,871        187,754     239,575 
                                            146,680    165,108        315,061     352,670 

     Net income                            $ 90,758   $ 59,809       $319,641    $270,199 

     Net income per limited and
      additional general partner unit      $    200   $    135       $    743    $    648 

</TABLE>
See accompanying notes to financial statements.



















                                            -2-<PAGE>
                              PDC 1992-C LIMITED PARTNERSHIP
                           (A West Virginia Limited Partnership)

                               Statement of Partners' Equity

                              Six months ended June 30, 1997
                                        (Unaudited)


<TABLE>
<S>                                        <S>             <S>               <S>

                                    Limited and     
                                    additional       Managing        
                                    general partners general partner       Total  

Balance, December 31, 1996             $3,961,506       $  451,243     $4,412,749 
Distributions to partners                (466,246)        (115,505)      (581,751)
Net income                                237,417           82,224        319,641 

          Balance, June 30, 1997       $3,732,677       $  417,962     $4,150,639 

</TABLE>
See accompanying notes to financial statements.




























                                            -3-
<PAGE>
                              PDC 1992-C LIMITED PARTNERSHIP
                           (A West Virginia Limited Partnership)

                                 Statements of Cash Flows

                          Six months ended June 30, 1997 and 1996
                                        (Unaudited)
<TABLE>
<S>                                                    <S>               <S>

                                                        1997             1996  
Cash flows from operating activities:
      Net income                                     $ 319,641       $ 270,199 
      Adjustments to reconcile net income to net cash
        provided by operating activities:
          Depreciation, depletion and amortization     187,754         239,575 
          Changes in operating assets and liabilities:
          Decrease (increase) in accounts receivable -
            oil and gas revenues                        84,734             (47)
          Decrease in accrued expenses                 (10,402)        (13,308)
              Net cash provided from
                 operating activities                  581,727         496,419 

Cash flows from financing activities:
      Distributions to partners                       (581,751)       (498,017)
               Net cash used by financing activities  (581,751)       (498,017)

Net decrease in cash                                       (24)         (1,598)
Cash at beginning of period                                957           1,749 
Cash at end of period                                $     933       $     151 

</TABLE>
See accompanying notes to financial statements.




















                                            -4-
<PAGE>
                              PDC 1992-C LIMITED PARTNERSHIP
                           (A West Virginia Limited Partnership)

                              Notes to Financial Statements 
                                        (Unaudited)



1.      Accounting Policies 

        Reference is hereby made to the Partnership's Annual Report on 
Form 10-K for 1996, which contains a summary of major accounting policies 
followed by the Partnership in the preparation of its financial statements.  
These policies were also followed in preparing the quarterly report included 
herein. 

2.      Basis of Presentation

        The Management of the Partnership believes that all adjustments 
(consisting of only normal recurring accruals) necessary to a fair statement 
of the results of such periods have been made.  The results of operations for
the six months ended June 30, 1997 are not necessarily indicative of the 
results to be expected for the full year. 

3.      Oil and Gas Properties

        Oil and Gas Properties are reported on the successful efforts method.

























                                            -5-
<PAGE>

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

        Liquidity and Capital Resources


             Operations will be conducted with available funds and revenues 
        generated from oil and gas activities.  No bank borrowings are 
        anticipated.  

             The Partnership had net working capital at June 30, 1997 of
        $146,452.

             The Partnership's revenues from oil and gas will be affected by
        changes in prices.  As a result of changes in federal regulations,
        gas prices are highly dependent on the balance between supply and
        demand.  The Partnership's gas sales prices are subject to increase 
        and decrease based on various market sensitive indices.  

        Results of Operations

        Three Months Ended June 30, 1997 Compared with 1996

             Natural gas sales increased 8.6% during the second quarter of 
        1997 compared with the same period in 1996 due to higher sales 
        volumes offset partially by lower average sales prices.  While the 
        Partnership experienced a net income of $90,758, depreciation, 
        depletion and amortization is a non-cash expense and therefore the
        partnership distributed $299,339 to the partners during the second
        quarter of 1997.

        Six Months Ended June 30, 1997 Compare with 1996

             Natural gas sales increased 4.2% during the first six months of
        1997 compared with the same period in 1996 primarily due to higher 
        sales volumes offset partially by lower sales prices.  While the 
        Partnership experienced a net income of $319,641, depreciation, 
        depletion and amortization is a non-cash expense and therefore the
        partnership distributed $581,751 to the partners during the first 
        six months of 1997.
















                                            -6-
<PAGE>
                                                              CONFORMED COPY

                               PART II - OTHER INFORMATION 


Item 1. Legal Proceedings

             None.

Item 6.  Exhibits and Reports on Form 8-K

             (a) None.

             (b) No reports on Form 8-K have been filed during the quarter ended
                 June 30, 1997.



                                        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.


                                              PDC 1992-C Limited Partnership 
                                                      (Registrant)

                                              By its Managing General Partner
                                               Petroleum Development Corporation
                                                      



Date:  August 6, 1997                               /s/ Steven R. Williams     
                                                        Steven R. Williams
                                                           President


Date:  August 6, 1997                               /s/ Dale G. Rettinger     
                                                        Dale G. Rettinger
                                                     Executive Vice President
                                                         and Treasurer









                                            -7-