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

   
                                   FORM 10-KSB/A
                                  AMENDMENT III
    

                                   (Mark One)
               [X] ANNUAL REPORT UNDER 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 SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
         For the transition period from...............to...............

                         Commission file number 0-15431

                              ENEX OIL & GAS INCOME
                              PROGRAM II - 9, L.P.
                 (Name of small business issuer in its charter)

                    Texas                                    76-0163125
       (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 Section 12(b) of the Exchange Act: None

         Securities registered under 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 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. $ 160,528

              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

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<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                1,238



Dividends

          The Company made cash distributions to partners of $7 and $14 per $500
investment in 1995 and 1994,  respectively.  The payment of future distributions
will depend on the Company's  earnings,  financial  condition,  working  capital
requirements  and  other  factors,  although  it  is  anticipated  that  regular
quarterly distributions will continue through 1996.


                                      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  $160,528 as compared with $149,332
in 1994.  Oil and gas sales  increased by $11,196 or 7%. Oil sales  increased by
$9,902 or 8%. A 4% increase in oil  production  caused a $5,855  increase in oil
revenues.  A 3% increase in the  average oil sales price  increased  sales by an
additional  $4,047.  Gas sales increased by $1,294 or 7%. An 18% increase in gas
production  increased gas sales by $3,254. This increase was partially offset by
a 9% decrease in the average gas sales price. The changes in average oil and gas
prices  correspond  with  changes in the overall  market for the sale of oil and
gas. The  increases in  production  were  primarily  due to the  completion of a
waterflood  project on the Schafter Lake field and the acquisition of additional
interest in the Concord acquisition in the fourth quarter of 1994.

              Lease operating expenses were $46,907 in 1995 and $37,032 in 1994.
The  increase  of  $9,875  or 27%  from  1994 to 1995 was  primarily  due to the
increases in production,  noted above,  and enhanced  recovery costs incurred on
the Concord acquisition in 1995.

              Depreciation and depletion expense was $64,630 in 1995 as compared
with $85,440 in 1994. This  represents a decrease in depletion and  depreciation
expense  of  $20,810  or 24%.  A 29%  decrease  in the  depletion  rate  reduced
depreciation  and  depletion  expense by $26,553.  This  decrease was  partially
offset  by the  increases  in  production,  noted  above.  The  decrease  in the
depletion rate was primarily the result of an upward revision of the oil and gas
reserves during 1995.

              General  and  administrative  expenses  were  $24,505  in  1995 as
compared  with  $25,806 in 1994.  The decrease of $1,301 or 5% from 1994 to 1995
was  primarily  the  result of less  staff  time  being  required  to manage the
Company's  operations  in 1995  partially  offset by a $756  increase  in direct
expenses incurred by the Company.

Capital Resources and Liquidity

   
              The Company's cash flow 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 flow from 1994 to 1995 were  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 net cash
flow provided by operating,  financing and investing activities to the Company's
partners.  Distributions  decreased  from  1994 to 1995,  due  primarily  to the
decrease in payable to the  general  partner of $40,508 in 1995 as compared to a
decrease of $15,755 in 1994.
    

              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 the payment of debt obligations. The Company plans to repay the
amounts owed to the general  partner  over a period of four years.  Distribution
amounts are subject to change if net revenues are greater or less than expected.
Nonetheless,  the general  partner  believes the Company  will  continue to have
sufficient  cash flow to fund  operations  and to maintain a regular  pattern of
distributions.

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

                                      II-2

<PAGE>



Item 7.      Financial Statements and Supplementary Data



INDEPENDENT AUDITORS' REPORT


The Partners
Enex Oil & Gas Income
  Program II-9, L.P.:


We have audited the accompanying  balance sheet of Enex Oil & Gas Income Program
II-9, L.P. (a Texas 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 II-9,  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 II-9, 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-3

<PAGE>
   
<TABLE>
<CAPTION>
ENEX OIL & GAS INCOME PROGRAM II - 9, L.P.

BALANCE SHEET, DECEMBER 31, 1995
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ASSETS
                                                                   1995
                                                            -----------------
CURRENT ASSETS:
<S>                                                         <C>             
  Cash                                                      $          4,173
  Accounts receivable - oil & gas sales                               12,465
  Other current assets                                                 3,617
                                                            -----------------

Total current assets                                                  20,255
                                                            -----------------

OIL & GAS PROPERTIES
  (Successful efforts accounting method) - Proved
   mineral interests and related equipment & facilities            1,503,392
  Less  accumulated depreciation and depletion                     1,099,663
                                                            -----------------

Property, net                                                        403,729
                                                            -----------------


TOTAL                                                       $        423,984
                                                            =================

LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                                         $         12,747
   Payable to general partner                                        127,093
                                                            -----------------

Total current liabilities                                            139,840
                                                            -----------------

PARTNERS'CAPITAL:
   Limited partners                                                  256,075
   General partner                                                    28,069
                                                            -----------------

Total partners' capital                                              284,144
                                                            -----------------

TOTAL                                                       $        423,984
                                                            =================


Number of $500 Limited Partner units outstanding                       3,109
</TABLE>


See accompanying notes to financial statements.
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                                      II-4
    


<PAGE>


ENEX OIL & GAS INCOME PROGRAM II-9, L.P.

NOTES TO FINANCIAL STATEMENTS
FOR THE TWO YEARS ENDED DECEMBER 31, 1995            
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1.           PARTNERSHIP ORGANIZATION

             Enex Oil & Gas Income Program II-9, L.P. (the  "Company"),  a Texas
             limited  partnership,  commenced  operations on January 9, 1986 for
             the  purpose  of  acquiring  proved oil and gas  properties.  Total
             limited partner contributions were $1,554,262, of which $15,542 was
             contributed by Enex  Resources  Corporation  ("Enex"),  the general
             partner.

             In  accordance  with the  partnership  agreement,  the Company paid
             commissions  of  $126,614  for  solicited   subscriptions  to  Enex
             Securities  Corporation,  a subsidiary of Enex, and reimbursed Enex
             for organization expenses of approximately $47,000.

             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.

             In May 1993,  as the aggregate  purchase  price of the interests in
             the  Company  plus  the  cumulative  distributions  to the  limited
             partners  did  not  equal  limited   partner   subscriptions   (the
             "Deficiency"),  the general partner  forfeited its 10% share of the
             Company's net revenues. The foregone net revenues will be allocated
             to the limited partners until such time as no Deficiency exists.



                                      II-8

<PAGE>



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

             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.

   
             The Company's  operating  interests in oil and gas  properties  are
             recorded  using  the pro  rata  consolidation  method  pursuant  to
             Interpretation 2 of Accounting Principles Board Opinion 18.
    

             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-9

<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 four 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

               AmocoProduction  Company and Exxon Company,  U.S.A. accounted for
          24% and 13%, respectively, of the Company's total sales in 1994. Amoco
          Production  Company and Exxon  Company,  U.S.A.  accounted for 23% and
          13%,  respectively,  of the  Company's  total sales in 1994.  No other
          purchaser individually accounted for more than 10% of such sales.

7.           PROPERTY TRANSACTIONS

             Effective October 1, 1994, the Company acquired  additional working
             and royalty interests in the Concord acquisition for $7,713 from an
             affiliated  partnership.  The purchase  price  represents  the fair
             market value as determined  from the receipt of bids solicited from
             independent third party companies.

8.           NOTE PAYABLE TO THE GENERAL PARTNER

             On January 1, 1995,  the Company  borrowed  $3,100 from the general
             partner in order to purchase an additional  interest in the Concord
             acquisition,  as discussed  in Note 7, above.  The  resultant  note
             payable  to  the  general  partner  bore  interest  at  prime  plus
             three-fourths  of one percent or a weighted  average rate of 9.48%.
             On March 3, 1995, the note was completely repaid.

                                      II-11

<PAGE>


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


             Not Applicable


                                                          II-13

<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 AND GAS INCOME
                                      PROGRAM II - 9, L.P.

                                      By:    ENEX RESOURCES CORPORATION
                                             the General Partner



   
December 23, 1996                      By:     /s/   G. B. Eckley
                                              -------------------
                                                     G. B. Eckley, President


                  In  accordance  with the  Exchange  Act,  this report has been
signed below on December 23, 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