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 March 31, 1997

                                       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) 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

<PAGE>
                          PART I. FINANCIAL INFORMATION
Item 1.  Financial Statements

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

                                                                 MARCH 31,
ASSETS                                                              1997
                                                            -----------------
                                                                (Unaudited)
CURRENT ASSETS:
<S>                                                         <C>             
  Cash                                                      $         28,753
  Accounts receivable - oil & gas sales                               32,638
                                                            -----------------

Total current assets                                                  61,391
                                                            -----------------

OIL & GAS PROPERTIES
  (Successful efforts accounting method) - Proved
   mineral interests and related equipment & facilities            1,138,087
  Less  accumulated depreciation and depletion                       607,502
                                                            -----------------

Property, net                                                        530,585
                                                            -----------------

ORGANIZATION COSTS
  (Net of accumulated amortization of $23,575)                        16,840
                                                            -----------------

TOTAL                                                       $        608,816
                                                            =================

LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                                          $         16,253
  Payable to general partner                                          26,580
                                                            -----------------

Total current liabilities                                             42,833
                                                            -----------------

PARTNERS' CAPITAL:
   Limited partners                                                  540,390
   General partner                                                    25,593
                                                            -----------------

Total partners' capital                                              565,983
                                                            -----------------

TOTAL                                                       $        608,816
                                                            =================


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




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

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

                                                   THREE MONTHS ENDED
                                            ---------------------------------------------

                                               MARCH 31,                  MARCH 31,
                                                    1997                       1996
                                            -------------------       -------------------
REVENUES:
<S>                                          <C>                        <C>             
  Oil and gas sales                          $          98,896          $         93,242
                                            -------------------       -------------------


EXPENSES:
  Depreciation, depletion and amortization              33,711                    30,681
  Impairment of property                                     -                   201,736
  Lease operating expenses                              26,029                    46,857
  Production taxes                                       4,656                     4,345
  General and administrative                             6,146                     8,512
                                            -------------------       -------------------

Total expenses                                          70,542                   292,131
                                            -------------------       -------------------

INCOME (LOSS) FROM OPERATIONS                           28,354                  (198,889)
                                            -------------------       -------------------

OTHER EXPENSE:
  Interest  expense                                          -                      (338)
                                            -------------------       -------------------

NET INCOME (LOSS)                           $           28,354        $         (199,227)
                                            ===================       ===================
</TABLE>



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

                                       I-2

<PAGE>
OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.

STATEMENT OF CHANGES IN PARTNERS' CAPITAL
FOR THE YEAR ENDED DECEMBER 31, 1996 AND
FOR THE THREE MONTHS ENDED MARCH 31, 1997
------------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                                                                PER $500
                                                                                                 LIMITED
                                                                                                 PARTNER
                                                       GENERAL              LIMITED             UNIT OUT-
                                  TOTAL                PARTNER             PARTNERS             STANDING
                            -----------------    ------------------   ------------------   ------------------

<S>              <C>        <C>                  <C>                  <C>                  <C>              
BALANCE, JANUARY 1, 1996    $        780,391     $          10,750    $         769,641    $             381

CASH DISTRIBUTIONS                   (21,042)               (2,864)             (18,178)                  (9)

NET INCOME (LOSS)                   (207,298)               12,943             (220,241)                (110)
                            -----------------    ------------------   ------------------   ------------------

BALANCE, DECEMBER 31, 1996           552,051                20,829              531,222                  262

CASH DISTRIBUTIONS                   (14,422)               (1,443)             (12,979)                  (6)

NET INCOME                            28,354                 6,207               22,147                   11
                            -----------------    ------------------   ------------------   ------------------

BALANCE, MARCH 31, 1997     $        565,983     $          25,593    $         540,390 (1)$             267
                            =================    ==================   ==================   ==================
</TABLE>


(1)  Includes 484 units purchased by the general partner as a limited partner.



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

                                       I-3
<PAGE>
OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
STATEMENT OF CASH FLOWS
-----------------------------------------------------------------------------
<TABLE>
<CAPTION>

(UNAUDITED)
                                                                      THREE  MONTHS  ENDED
                                                          ----------------------------------------------
                                                               MARCH 31,                 MARCH 31,
                                                                  1997                      1996
                                                          --------------------       -------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                       <C>                           <C>               
   Net income (loss)                                      $            28,354           $      (199,227)  
                                                          --------------------       -------------------

Adjustments to reconcile net income (loss) to net cash
   provided by operating activities
  Depreciation, depletion and amortization                             33,711                    30,681
  Impairment of property                                                    -                   201,736
(Increase) decrease in:
  Accounts receivable - oil sales                                       5,641                    (8,598)
  Other current assets                                                      -                     1,981
Increase (decrease) in:
   Accounts payable                                                    (8,747)                     (122)
   Payable to general partner                                         (20,177)                   11,778
                                                          --------------------       -------------------

Total adjustments                                                      10,428                   237,456
                                                          --------------------       -------------------

Net cash provided by operating activities                              38,782                    38,229
                                                          --------------------       -------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Property additions - development costs                             (1,668)                  (16,116)
                                                          --------------------       -------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Repayment of note payable to general partner                           -                    (8,525)
     Cash distributions                                               (14,422)                   (2,975)
                                                          --------------------       -------------------

Net cash used by financing activities                                 (14,422)                  (11,500)
                                                          --------------------       -------------------

NET INCREASE IN CASH                                                   22,692                    10,613

CASH AT BEGINNING OF YEAR                                               6,061                     2,810
                                                          --------------------       -------------------

CASH AT END OF PERIOD                                     $            28,753           $         13,423  
                                                          ====================       ===================
</TABLE>




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

                                       I-4
<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 $12,979  representing  net  revenues  from the  temporary
         investment  of  proceeds  from  subscriptions  by  the  Company.   This
         distribution was made on January 31, 1997.

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 bore
         interest  at  the  general  partner's  borrowing  rate  of  prime  plus
         three-fourths of one-percent.  Principal repayments of $8,525 were made
         on the note  during the first  quarter of 1996.  The  weighted  average
         principal outstanding during the first three months of 1996 was $36,577
         and bore  interest at an average rate of 9.25% in the first  quarter of
         1996. The note was completely repaid in the fourth quarter of 1996.

4.   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 changes in the overall market for the sale of
     oil and gas and  significant  decreases in the  projected  production  from
     certain of the Company's oil and gas properties.

5.       On April 7, 1997, the Company's  General  Partner mailed proxy material
         to the limited partners with respect to a proposed consolidation of the
         Company  with 33 other  managed  limited  partnerships.  The  terms and
         conditions  of the proposed  consolidation  are set forth in such proxy
         material.


                                       I-5

<PAGE>



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

First Quarter 1997 Compared to First Quarter 1996

Oil and gas  sales for the  first  quarter  increased  from  $93,242  in 1996 to
$98,896 in 1997.  This represents a decrease of $5,654 (6%). Oil sales increased
by $6,657 or 8%. A 15% increase in the average oil sales price  increased  sales
by  $12,172.  This  increase  was  partially  offset  by a 6%  decrease  in  oil
production.  Gas  sales  decreased  by  $1,003  or 12%.  A 28%  decrease  in gas
production reduced sales by $2,298.  This decrease was partially offset by a 22%
increase in the average gas sales  price.  The  decrease in oil  production  was
primarily  the  result of  natural  production  declines.  The  decrease  in gas
production  was  primarily  the  result of the  shut-in of  production  from the
Concord  acquisition  to perform  workovers  in the first  quarter of 1997.  The
increases in average oil and gas sales prices  correspond  with higher prices in
the overall market for the sale of oil and gas.

Lease operating  expenses decreased from $46,857 in the first quarter of 1996 to
$26,029 in the first quarter of 1997. The decrease of $20,828 (44%) 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 and due to the
plugging of non-economic wells in the McBride acquisition.

Depreciation and depletion  expense  increased from $28,661 in the first quarter
of 1996 to $31,691 in the first quarter of 1997.  This represents an increase of
$3,030 (11%). A 23% increase in the depletion rate  increased  depreciation  and
depletion  expense by $5,923.  This increase was partially offset by the changes
in  production,  noted above.  The rate increase was primarily due to a downward
revision of the oil reserves during December 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 changes in the overall market for the sale of oil
and gas and  significant  decreases in the projected  production from certain of
the Company's oil and gas properties.

General and  administrative  expenses decreased from $8,512 in the first quarter
of 1996 to $6,146 in the first quarter of 1997. This decrease of $2,366 (28%) is
primarily  due to less  staff  time  being  required  to  manage  the  Company's
operations in 1997.

                                       I-6

<PAGE>

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 1996 to 1997 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,   financing  and  investing
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. 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 April 7, 1997,  the Company's  General  Partner  mailed proxy material to the
limited partners with respect to a proposed consolidation of the Company with 33
other managed  limited  partnerships.  The terms and  conditions of the proposed
consolidation are set forth in such proxy material.

As of March 31,  1997,  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 March 31, 1997.


                                      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




May 11, 1997                                      By: /s/ James A. Klein
                                                     -------------------
                                                          James A. Klein
                                                       Controller and Chief
                                                        Accounting Officer