SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
                                     
                                     
                                 FORM 10-Q
                                     
                                     
/X/  Quarterly Report Pursuant to Section 13 or 15(d)of the Securities
Exchange Act of 1934

For the Quarterly Period Ended June 30, 1997

                                    or

/ /  Transition Report Pursuant to Section 13 or 15(d)of the Securities
Exchange Act of 1934

For the Transition Period Ended ________________________


                     Commission File Number 2-91966-01


                       STERLING DRILLING FUND 1984-2
            (Exact name of registrant as specified in charter)

                                 New York
               (State or other jurisdiction of incorporation)
                                     
                                13-3234372
                   (IRS employer identification number)

             One Landmark Square, Stamford, Connecticut  06901
           (Address and Zip Code of principal executive offices)

                              (203) 358-5700

           (Registrant's telephone number, including area code)

                              Not Applicable
(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   /  /

<PAGE>

                             PART I
                                
                                
Item 1.   Financial Statements

The following Financial Statements are filed herewith:

Balance Sheets - June 30, 1997 and December 31, 1996.

Statements of Operations for the Six and Three Months Ended  June
30, 1997 and 1996.

Statements of Changes in Partners' Equity for the Six  and  Three
Months Ended June 30, 1997 and 1996.

Statements of Cash Flows for the Six Months Ended June  30,  1997
and 1996.

Note to Financial Statements


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

1.  Liquidity -

The oil and gas industry is intensely competitive in all its
phases.  There is also competition between this industry and
other industries in supplying energy and fuel requirements of
industrial and residential consumers.  It is not possible for the
Registrant to calculate its position in the industry, as
Registrant competes with many other companies having
substantially greater financial and other resources.  In
accordance with the terms of the Prospectus as filed by the
Registrant, the General Partners of the Registrant will make cash
distributions of as much of the Partnership cash credited to the
capital accounts of the Partners as the General Partners have
determined is not necessary or desirable for the payment of
contingent debts, liabilities or expenses for the conduct of the
Partnership's business.  As of June 30, 1997, the General
Partners have distributed $586,768 or 9.10% of original Limited
Partner capital contributions to the Limited Partners.

     The net proved oil and gas reserves of the Partnership are
considered to be a primary indicator of financial strength and
future liquidity.  The present value of unescalated future net
revenues(S.E.C. case) associated with such reserves, discounted
at 10% as of December 31, 1996 was approximately  $415,000   as
compared to $236,162 as of December 31, 1995. The increase  in
total estimated discounted future net revenue was due in part to
higher year end gas prices as of December 31, 1996 compared  to
the gas price  in effect as of December 31, 1995.   Overall
reservoir engineering is a subjective process of estimating
underground accumulations of gas and oil that can not be measured
in an exact manner.  The accuracy of any reserve estimate is a

<PAGE>

function of the quality of available data and of the engineering
and geological interpretation and judgment.  Accordingly, reserve
estimates are generally different from the quantities of gas and
oil that are ultimately recovered and such differences may have a
material impact on the Partnership's financial results and future
liquidity


2.  Capital Resources -

The Registrant was formed for the sole intention of drilling oil
and gas wells.  The Registrant entered into a drilling contract
with an independent contractor in December 1984 for $5,400,000.
Pursuant to the terms of this contract, twenty wells have been
drilled, resulting in twenty producing wells.


3.   Results of Operations -

Total operating revenues increased from $53,598 in 1996 to
$70,415 in 1997.  The Partnership gas and oil production included
762 Bbls and 16,181 MCF's in 1996 and  1,069 Bbls and 16,067
MCF's in 1997.  The Partnership was able to sell its oil and gas
at a higher average rate per barrel and rate per MCF , from
$17.93 and $2.42 in 1996 to $18.73 and $3.06 in 1997
(respectively). The combination of stable production and
increased prices for both gas and oil sold resulted in increases
in overall gas and oil revenue. Production expenses increased
from $18,980 in 1996 to $25,825 in 1997.  Production expenses may
be variable in nature, vary with production volumes, or more
typically the expenses are for the general upkeep and maintenance
of the wells and well sites. This year some of the wells or well
sites required additional repair and labor costs in order to
maintain the current production levels. Also, the general
partner, as operator of the Partnership's wells, may discount
fees charged to the Partnership to minimize lifting costs.

General and administrative expenses have been segregated on the
financial statements to show expenses attributable to the affairs
and operations of the Registrant payable to PrimeEnergy
Management Corporation, a general partner.  These expenses are
charged in accordance with guidelines set forth in the
Registrant's Management Agreement and shall not exceed an annual
amount of 5% of limited partners' capital contributed.  Amounts
related to both 1997 and 1996 are substantially less than the
amounts allocable to the Registrant under the Partnership
Agreement.  The lower amounts reflect management's efforts to
limit costs, both incurred and allocated to the Registrant.
Management continues  its efforts to lower third party costs and
use in-house resources to provide efficient and timely services
to the Partnership.

<PAGE>

The Partnership records additional depreciation, depletion and
amortization to the extent that net capitalized costs exceed the
undiscounted future net cash flows attributable to the
Partnership properties. The Partnership  did not need any
additional adjustment for depreciation, depletion and
amortization expense in 1996 or during the first half of 1997.
The current depreciation expense was reasonable based upon the
remaining basis in the Partnership properties.


PART II


Items  1  to  5  have been omitted in that each  item  is  either
inapplicable or the answer is negative.

Item 6: Exhibits and reports on Form 8-k
The  Partnership was not required to file any reports on Form 8-K
during the period covered by this report.

Exhibit  27 - Financial data schedule is attached to the  current
filling of this report.


<PAGE>

                       S I G N A T U R E S

                                

Pursuant  to  the requirements of Section 13 or  15  (d)  of  the

Securities Exchange Act of 1934, Registrant has duly caused  this

report  to  be signed on its behalf by the undersigned, thereunto

duly authorized.







                                  STERLING DRILLING FUND 1984-2

                                  (Registrant)






August 13, 1997                     By: /S/ Charles E. Drimal Jr.
(Date)                             -------------------------
                                   Charles E. Drimal, Jr.
                                  General Partner


<PAGE>

                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
                         Balance Sheets
                                
                                     June 30,      December 31,
                                       1997            1996
                                   (unaudited)       (audited)
                                   
Assets                                                          
Current Assets:                                                 
  Cash and cash equivalents      $        8,308           1,833
                                    -----------     ------------
      Total current assets                8,308           1,833
                                    -----------     ------------
                                                   
Oil and Gas properties -                           
successful efforts method:                         
  Leasehold costs                      225,680         225,680
  Well and related facilities        5,402,537       5,401,170
   less accumulated                                
   depreciation, depletion and                     
   amortization                     (5,448,095)     (5,442,840)
                                   -----------     ------------
                                       180,122         184,010
                                   -----------     ------------
       Total assets              $     188,430         185,843
                                   ============    ============
Liabilities and Partners'                          
Equity
  Current liabilities:                             
   Due to affiliates             $      88,632          95,536
                                   -----------     ------------
      Total current liabilities         88,632          95,536
                                   -----------     -----------
                                                   
  Partners' Equity                                 
   Limited partners                    140,977         145,097
   General partners                    (41,179)        (54,790)
                                   -----------     ------------
         Total partners' equity         99,798          90,307
                                   -----------     ------------
                                                   
         Total liabilities and                     
          partners' equity       $     188,430         185,843
                                   ===========     ============



See accompanying note to financial statements.


<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                   Six Months Ending
                                     June 30, 1997

                               Limited      General              
                               Partners     Partners        Total
Revenue:                                                
Operating revenue           $     55,628      14,787       70,415
Interest income                      239          15          254
                                --------    --------     --------
  Total Revenue                   55,867      14,802       70,669
                                --------    --------     --------
                                                                 
Costs and Expenses:                                              
Production expense                20,402       5,423       25,825
General and administrative                                       
 to a related party                9,873       2,625       12,498
General and administrative         8,652       2,300       10,952
Depreciation, depletion                                          
 and amortization                  4,940         315        5,255
                                --------    --------     --------
  Total Costs and Expenses        43,867      10,663       54,530
                                --------    --------     --------
  Net Income                $     12,000       4,139       16,139
                                ========    ========     ========
Net Income per equity unit  $       1.86                         
                                ========                



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                   Six Months Ending
                                     June 30, 1996

                                Limited     General         
                               Partners     Partners      Total
Revenue:                                                
Operating revenue           $     42,342 $    11,256  $    53,598
Interest income                      173          11          184
                                --------    --------     --------
  Total Revenue                   42,515      11,267       53,782
                                --------    --------     --------
                                                                 
Costs and Expenses:                                              
Production expense                14,994       3,986       18,980
General and administrative                                       
 to a related party                9,873       2,625       12,498
General and administrative         7,800       2,073        9,873
Depreciation, depletion                                          
 and amortization                  4,928         315        5,243
                                --------    --------     --------
  Total Costs and Expenses        37,595       8,999       46,594
                                --------    --------     --------
  Net Income                $      4,920 $     2,268  $     7,188
                                ========    ========     ========
Net Income per equity unit  $        .76                         
                               =========                



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                  Three Months Ending
                                     June 30, 1997

                               Limited     General      
                               Partners    Partners     Total
Revenue:                                                
Operating revenue            $    27,573       7,329        34,902
Interest income                      146           9           155
                                --------    --------     ---------
  Total Revenue                   27,719       7,338        35,057
                                --------    --------     ---------
                                                                  
Costs and Expenses:                                               
Production expense                 9,458       2,514        11,972
General and administrative                                        
 to a related party                4,936       1,313         6,249
General and administrative         6,087       1,618         7,705
Depreciation, depletion                                           
 and amortization                  2,470         157         2,627
                                --------    --------     ---------
  Total Costs and Expenses        22,951       5,602        28,553
                                --------    --------     ---------
  Net Income                 $     4,768       1,736         6,504
                                ========    ========     =========
Net Income per equity unit   $       .74                          
                                ========                          



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
                     Statement of Operations
                           (unaudited)
                                
                                  Three Months Ending
                                     June 30, 1996

                               Limited     General      
                               Partners    Partners     Total
Revenue:                                                
Operating revenue            $    20,757 $     5,518  $     26,275
Interest income                       71           5            76
                                --------    --------     ---------
  Total Revenue                   20,828       5,523        26,351
                                --------    --------     ---------
                                                                  
Costs and Expenses:                                               
Production expense                 2,762         734         3,496
General and administrative                                        
 to a related party                4,936       1,313         6,249
General and administrative         5,082       1,351         6,433
Depreciation, depletion                                           
 and amortization                  2,463         158         2,621
                                --------    --------     ---------
  Total Costs and Expenses        15,243       3,556        18,799
                                --------    --------     ---------
  Net Income                 $     5,585 $     1,967  $      7,552
                                ========    ========     =========
Net Income per equity unit   $       .87                          
                                ========                          



See accompanying note to financial statements.


<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
            Statement of Changes in Partners' Equity
                           (unaudited)
                                
                                    Six Months Ended
                                     June 30, 1997


                               Limited       General      
                               Partners      Partners     Total
                                                          
Balance at beginning of                                            
period                      $     145,097     (54,790)  $    90,307
  Partners' Contribution                0      13,701        13,701
  Cash Distributions              (16,120)     (4,229)      (20,349)
  Net Income                       12,000       4,139        16,139
                                 --------    --------      --------
Balance at end of period    $     140,977     (41,179)  $    99,798
                                 ========    ========      ========
                                            
                                            
                                    Six Months Ended
                                     June 30, 1996

                               Limited       General      
                               Partners      Partners     Total
                                                          
Balance at beginning of                                            
period                      $     155,648  $ (54,187)  $    101,461
  Cash Distributions              (16,120)    (4,238)       (20,358)
  Net Income                        4,920      2,268          7,188
                                 --------    --------      --------
Balance at end of period    $     144,448  $ (56,157)  $     88,291
                                 ========    ========      ========



See accompanying note to financial statements.

<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York Limited Partnership)
            Statement of Changes in Partners' Equity
                           (unaudited)
                                
                                   Three Months Ended
                                     June 30, 1997


                                  Limited      General      
                                  Partners     Partners     Total
                                                            
Balance at beginning of period $    152,329 $    (39,991) $    112,338
  Partners' Contribution                  0        1,305         1,305
  Cash Distributions                (16,120)      (4,229)      (20,349)
  Net Income                          4,768        1,736         6,504
                                   --------     --------     ---------
Balance at end of period       $    140,977      (41,179)       99,798
                                   ========     ========     =========
                                             
                                             
                                    Three Months Ended
                                       June 30, 1996

                                  Limited      General      
                                  Partners     Partners     Total
                                                            
Balance at beginning of period  $   154,983 $    (53,886)  $    101,097
  Cash Distributions                (16,120)      (4,238)       (20,358)
  Net Income                          5,585        1,967          7,552
                                   --------     --------      ---------
Balance at end of period        $   144,448 $    (56,157) $      88,291
                                   ========     ========     =========



See accompanying note to financial statements.


<PAGE>
                       STERLING DRILLING FUND 1984-2
                     (a New York Limited Partnership)
                          Statement of Cash Flows
                                (unaudited)
                                     
                                        Six months      Six months
                                          ended            ended
                                         June 30,        June 30,
                                           1997            1996
                                                       
Net cash provided by operating                                      
activities                           $       14,490  $        17,773
                                       ------------     ------------
                                                                    
Cash flows from financing                                           
activities:
  Partner's Contribution                     13,701               0
  Distribution to partners                  (20,349)        (20,358)
                                       ------------     ------------
Net cash used in financing                                            
activities                                   (6,648)        (20,358)
                                       ------------     ------------
                                                                    
Net increase(decrease) in cash and                                  
  cash equivalents                            6,475          (2,825)
Cash and cash equivalents at                                        
  beginning of period                         1,833            5,405
                                       ------------     ------------
Cash and cash equivalents at end of                                 
period                               $        8,308  $         2,820
                                       ============     ============
                                                       



See accompanying note to financial statements.



<PAGE>
                  STERLING DRILLING FUND 1984-2
                (a New York limited partnership)
                                
                  Note to Financial Statements
                                
                          June 30, 1997
                                
                                
                                
1.    The accompanying statements for the period ending June  30,

1997  are  unaudited  but  reflect all adjustments  necessary  to

present fairly the results of operations.