United States
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                                 FORM 10-QSB


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

             For the quarterly period ended  September 30, 1996

                                     OR

           [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

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

                       Commission file number 33-45253

              ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
      (Exact name of small business issuer as specified in its charter)

           New Jersey                                           76-0303885
 (State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                             Identification No.)

                       Suite 200, Three Kingwood Place
                           Kingwood, Texas  77339
                  (Address of principal executive offices)

                  Issuer's telephone number  (713) 358-8401


         Check whether the issuer (1) has 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

Transitional Small Business Disclosure Format (Check one):

                                    Yes        No x



<PAGE>


                               PART I. FINANCIAL INFORMATION

Item 1. Financial Statements
<TABLE>
<CAPTION>
ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
BALANCE SHEET
--------------------------------------------------------------------------

                                                         September 30,
ASSETS                                                       1996
                                                        ------------------
                                                          (Unaudited)
CURRENT ASSETS:
<S>                                                      <C>                    
  Cash                                                   $          5,415       
  Accounts receivable - oil & gas sales                            41,172

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

Total current assets                                               46,587
                                                        ------------------

OIL & GAS PROPERTIES
  (Successful efforts accounting method) - Proved
   mineral interests and related equipment & facilities         1,148,605
  Less  accumulated depreciation and depletion                    532,550
                                                        ------------------

Property, net                                                     616,055
                                                        ------------------

ORGANIZATION COSTS
  (Net of accumulated amortization of $11,451)                     20,881
                                                        ------------------

TOTAL                                                             683,523       
                                                        ==================

LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
   Accounts payable                                                30,501       
   Note payable to general partner                                 11,338
   Payable to general partner                                      20,237
                                                        ------------------

Total current liabilities                                          62,076
                                                        ------------------

NONCURRENT PAYABLE TO GENERAL PARTNER                              40,476
                                                        ------------------

PARTNERS' CAPITAL:
   Limited partners                                               561,776
   General partner                                                 19,195
                                                        ------------------

Total partners' capital                                           580,971
                                                        ------------------

TOTAL                                                     $       683,523       
                                                        ==================

Number of $500 Limited Partner units outstanding                    2,021
</TABLE>

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

                                       I-1

<PAGE>
<TABLE>
<CAPTION>
ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
STATEMENT OF OPERATIONS
---------------------------------------------------------------------------

                                                     QUARTER ENDED                           NINE MONTHS ENDED
                                             ----------------------------------------    ----------------------------------------
(UNAUDITED)
                                                September 30,         September 30,        September 30,         September 30,
                                                     1996                  1995                 1996                  1995
                                             -------------------    -----------------    -----------------    -------------------

REVENUES:
<S>                                          <C>                    <C>                  <C>                  <C>               
  Oil and gas sales                          $           93,159     $         96,848     $        281,965     $          294,037
                                             -------------------    -----------------    -----------------    -------------------

EXPENSES:
  Depreciation, depletion and amortization               29,490               46,581               89,714                131,064
  Impairment of property                                      -                    -              201,736                      -
  Lease operating expenses                               27,698               25,345              130,929                143,470
  Production taxes                                        4,448                4,425               13,362                 13,517
  General and administrative                              7,869                5,425               22,248                 19,994
                                             -------------------      ---------------    -----------------    -------------------

Total expenses                                           69,505               81,776              457,989                308,045
                                             -------------------    -----------------    -----------------    -------------------

INCOME (LOSS) FROM OPERATIONS                            23,654               15,072             (176,024)               (14,008)
                                             -------------------    -----------------    -----------------    -------------------

OTHER INCOME (EXPENSE):
  Interest expense                                         (424)              (1,358)              (2,356)                (5,260)
  Interest income                                             -                  127                    -                    127
                                             -------------------    -----------------    -----------------    -------------------

Net other income (expense)                                 (424)              (1,231)              (2,356)                (5,133)
                                             -------------------    -----------------    -----------------    -------------------

NET INCOME (LOSS)                            $           23,230     $         13,841     $       (178,380)    $          (19,141)
                                             ===================    =================    =================    ===================

</TABLE>


See accompanying notes to financial statements.
-----------------------------------------------------
                                       I-2
<PAGE>
<TABLE>
<CAPTION>
ENEX OIL AND GAS INCOME PROGRAM VI - SERIES 1, L.P.
STATEMENT OF CASH FLOWS
---------------------------------------------------------------------

(UNAUDITED)                                               NINE MONTHS ENDED
                                                      --------------------------------------------

                                                         September 30,           September 30,
                                                              1996                    1995
                                                      -------------------    ---------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                   <C>                    <C>                  
Net (loss)                                            $         (178,380)    $            (19,141)
                                                      -------------------    ---------------------

Adjustments to reconcile net (loss) to net cash
   provided  by operating activities:
  Depreciation, depletion and amortization                        89,714                  131,064
  Impairment of property                                         201,736                        -
(Increase) decrease in:
  Accounts receivable - oil & gas sales                          (14,704)                  (4,977)
  Other current assets                                             2,132                      226
Increase (decrease) in:
   Accounts payable                                                 (230)                  (2,966)
   Payable to general partner                                    (18,364)                  32,699
                                                      -------------------    ---------------------

Total adjustments                                                260,284                  156,046
                                                      -------------------    ---------------------

Net cash provided  by operating activities                        81,904                  136,905
                                                      -------------------    ---------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Property additions - development costs                       (27,337)                 (52,821)
                                                      -------------------    ---------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Repayment of note payable to general partner                   (30,922)                 (44,740)
  Cash distributions                                             (21,040)                 (30,480)
                                                      -------------------    ---------------------

Net cast provided (used) by financing activities                 (51,962)                 (75,220)
                                                      -------------------    ---------------------

NET INCREASE IN CASH                                               2,605                    8,864

CASH AT BEGINNING OF PERIOD                                        2,810                    1,966
                                                      -------------------    ---------------------

CASH AT END OF PERIOD                                 $            5,415     $             10,830
                                                      ===================    =====================
</TABLE>



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

                                       I-3


<PAGE>

ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

1.       The financial  information included herein is unaudited;  however, such
         information  reflects  all  adjustments  (consisting  solely  of normal
         recurring  adjustments)  which  are,  in  the  opinion  of  management,
         necessary for a fair presentation of results for the interim period.

2.       A cash  distribution was made to the limited partners of the Company in
         the  amount of $6,033  representing  net  revenues  from the  temporary
         investment  of  proceeds  from  subscriptions  by  the  Company.   This
         distribution was made on July 31, 1996.

3.   On  December  29,  1994,  in order to  partially  finance  the  purchase of
     producing oil and gas  properties,  the Company  borrowed  $87,000 from the
     general  partner.  The resulting note payable to the general  partner bears
     interest  at  the   general   partner's   borrowing   rate  of  prime  plus
     three-fourths of one-percent.  Principal repayments of $11,264 were made on
     the note during the third quarter of 1996. The weighted  average  principal
     outstanding  during  the third  quarter  of 1996 and 1995 was  $27,786  and
     $58,622,  respectively,  and bore  interest at an average rate of 9.00% and
     9.75% in the third  quarter of 1996 and 1995,  respectively,  and 9.00% and
     9.66% in the first nine months of 1996 and 1995, respectively.

4.       On August 9, 1996, the Company's General Partner submitted  preliminary
         proxy material to the Securities  Exchange Commission with respect to a
         proposed  consolidation  of the Company with 33 other  managed  limited
         partnerships.  On November  13,  1996,  the Company  submitted  amended
         preliminary   proxy   material   to  the  SEC  with   respect  to  this
         consolidation.  The terms and conditions of the proposed  consolidation
         are set forth in such preliminary proxy material.

5.   The Financial  Accounting Standards Board has issued Statement of Financial
     Accounting  Standard  ("SFAS") No. 121,  "Accounting  for the Impairment of
     Long-Lived  Assets  and for  Long-Lived  Assets to be  Disposed  Of," which
     requires  certain assets to be reviewed for impairment  whenever  events or
     circumstances indicate the carrying amount may not be recoverable. Prior to
     this pronouncement,  the Company assessed properties on an aggregate basis.
     Upon  adoption of SFAS 121, the Company  began  assessing  properties on an
     individual  basis,  wherein  total  capitalized  costs may not  exceed  the
     property's  fair market  value.  The fair market value of each property was
     determined by H. J. Gruy and  Associates,  ("Gruy").  To determine the fair
     market value, Gruy estimated each property's oil and gas reserves,  applied
     certain  assumptions  regarding price and cost  escalations,  applied a 10%
     discount factor for time and certain discount  factors for risk,  location,
     type   of   ownership   interest,   category   of   reserves,   operational
     characteristics,  and other  factors.  In the first  quarter  of 1996,  the
     Company recognized a non-cash impairment  provision of $201,736 for certain
     oil and gas properties due to market  indications that the carrying amounts
     were not fully recoverable.

                                       I-4

<PAGE>



Item 2.     Management's Discussion and Analysis or Plan of Operation

Third Quarter 1996 Compared to Third Quarter 1995

Oil and gas  sales for the  third  quarter  decreased  from  $96,848  in 1995 to
$93,159 in 1996.  This represents a decrease of $3,689 (4%). Oil sales decreased
by $4,747 or 5%. A 28% decrease in oil production reduced sales by $25,385. This
decrease was partially offset by a 32% increase in average oil sales prices. Gas
sales  increased  by $1,058 or 18%. A 30%  increase in average gas sales  prices
increased sales by $1,620.  This increase was partially offset by a 10% decrease
in gas  production.  The decreases in oil and gas production  were primarily the
result of natural  production  declines.  The higher  average  oil and gas sales
prices  correspond  with higher prices in the overall market for the sale of oil
and gas.

Lease operating  expenses increased from $25,345 in the third quarter of 1995 to
$27,698 in the third  quarter of 1996.  The increase of $2,353 (8%) is primarily
due to higher operating costs incurred on the McBride acquisition in 1996.

Depreciation and depletion  expense  decreased from $44,560 in the third quarter
of 1995 to $27,469 in the third quarter of 1996.  This  represents a decrease of
$17,091 (37%). The changes in production,  noted above, reduced depreciation and
depletion  expense by $12,079.  A 15%  decrease in the  depletion  rate  reduced
depreciation and depletion expense by an additional $5,012. The rate decrease is
primarily due to the lower property basis  resulting from the  recognition of an
impairment of property for $201,736 in the first quarter of 1996.

General and  administrative  expenses increased from $5,425 in the third quarter
of 1995 to $7,869 in the third quarter of 1996. This increase of $2,444 (45%) is
primarily  due to more  staff  time  being  required  to  manage  the  Company's
operations.


First Nine Months of 1995 Compared to First Nine Months of 1996

Oil and gas sales for the first nine months  decreased  from $294,037 in 1995 to
$281,965  in 1996.  This  represents  a  decrease  of  $12,072  (4%).  Oil sales
decreased by $20,135 or 7%. A 22% decrease in oil  production  reduced  sales by
$62,917. This decrease was offset by a 20% increase in average oil sales prices.
Gas sales increased by $8,063 or 52%. A 8% increase in gas production  increased
sales by $1,248. A 41% increase in average gas sales price increased sales by an
additional  $6,815.  The decrease in oil  production was primarily the result of
natural  production  declines  coupled  with lower  production  from the McBride
acquisition  which was  shut- in  during  January  and  February  of 1996 due to
extreme low  temperatures.  The higher average oil sales price  corresponds with
higher  prices in the overall  market for the sale of oil.  The  increase in gas
production was primarily the result of enhanced  production  improvements on the
Concord  acquisition.  The increase in average gas prices was due to  relatively
higher  production  from the Concord  acquisition,  which has a higher gas sales
price, coupled with higher prices in the overall market for the sale of gas.

                                       I-5

<PAGE>




Lease  operating  expenses  decreased  from $143,470 in the first nine months of
1995 to $130,929 in the first nine months of 1996.  The decrease of $12,541 (9%)
is primarily due to lower operating costs incurred on the McBride acquisition in
1996, as a result of new techniques utilized to control paraffin build-up.

Depreciation  and depletion  expense  decreased  from $125,002 in the first nine
months of 1995 to $83,652 in the first nine months of 1996.  This  represents  a
decrease of $41,350  (33%).  The changes in  production,  noted  above,  reduced
depreciation and depletion expense by $22,805.  An 18% decrease in the depletion
rate reduced  depreciation and depletion expense by an additional  $18,545.  The
rate decrease is primarily due to the lower  property  basis  resulting from the
recognition  of an  impairment  of property for $201,736 in the first quarter of
1996.

The  Financial  Accounting  Standards  Board has issued  Statement  of Financial
Accounting  Standard  ("SFAS")  No.  121,  "Accounting  for  the  Impairment  of
Long-Lived  Assets and for Long- Lived Assets to be Disposed Of," which requires
certain assets to be reviewed for impairment  whenever  events or  circumstances
indicate  the   carrying   amount  may  not  be   recoverable.   Prior  to  this
pronouncement,  the Company  assessed  properties  on an aggregate  basis.  Upon
adoption of SFAS 121, the Company  began  assessing  properties on an individual
basis, wherein total capitalized costs may not exceed the property's fair market
value.  The fair market value of each property was  determined by H. J. Gruy and
Associates,  ("Gruy").  To determine the fair market value,  Gruy estimated each
property's oil and gas reserves, applied certain assumptions regarding price and
cost  escalations,  applied a 10% discount factor for time and certain  discount
factors for risk,  location,  type of ownership interest,  category of reserves,
operational  characteristics,  and other factors.  In the first quarter of 1996,
the Company recognized a non-cash  impairment  provision of $201,736 for certain
oil and gas properties due to market  indications that the carrying amounts were
not fully recoverable.

General and  administrative  expenses  increased  from $19,994 in the first nine
months of 1995 to $22,248 in the first nine  months of 1996.  This  increase  of
$2,254  (11%) is primarily  due to more staff time being  required to manage the
Company's operations.


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 1995 to 1996 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  flow  to the
Company's partners.  The Company's "available cash flow" is essentially equal to
the net amount of cash provided by operating activities.

The Company will continue to recover its reserves and  distribute to the limited
partners the net proceeds realized from the sale of oil and gas production after
payment of its debt obligations.  Distribution  amounts are subject to change if
net revenues are greater or less than expected.

                                       I-6

<PAGE>



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.

On August 9, 1996, the Company's  General Partner  submitted  preliminary  proxy
material  to the  Securities  Exchange  Commission  with  respect  to a proposed
consolidation  of the  Company  with 33 other  managed  limited  partnerships.On
November 13, 1996, the Company submitted  amended  preliminary proxy material to
the SEC with  respect to this  consolidation.  The terms and  conditions  of the
proposed consolidation are set forth in such preliminary proxy material.

As of September 30, 1996,  the Company had no material  commitments  for capital
expenditures.  The  Company  does  not  intend  to  engage  in  any  significant
developmental drilling activity.



                                       I-7

<PAGE>



                           PART II. OTHER INFORMATION

            Item 1.        Legal Proceedings.

                  None

            Item 2.        Changes in Securities.

                  None

            Item 3.        Defaults Upon Senior Securities.

                  Not Applicable

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

                  Not Applicable

            Item 5.        Other Information.

                  Not Applicable

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

                  (a)  There are no exhibits to this report.

                  (b)   The  Company  filed no  reports  on Form 8-K  during the
                        quarter ended September 30, 1996.





                                      II-1

<PAGE>



                                   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 hereunto duly authorized.


                                             ENEX OIL & GAS INCOME
                                            PROGRAM VI - 1, L.P.
                                                 (Registrant)



                                         By:ENEX RESOURCES CORPORATION
                                                General Partner



                                         By: /s/ R. E. Densford
                                                 R. E. Densford
                                           Vice President, Secretary
                                         Treasurer and Chief Financial
                                                    Officer




November 13, 1996                        By: /s/ James A. Klein
                                            -------------------
                                                 James A. Klein
                                              Controller and Chief
                                               Accounting Officer



<PAGE>