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

                                    Form 10-Q

MARK ONE

     [x]     QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
             EXCHANGE ACT OF 1934

                For the Quarterly Period Ended September 30, 1997

     [  ]   TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES 
            EXCHANGE ACT OF 1934

                         Commission File Number 0-11311
                                  ---------------

                         MAY DRILLING PARTNERSHIP 1983-1
                         MAY LIMITED PARTNERSHIP 1983-1
             (Exact name of registrant as specified in its charter)
                                  ---------------

                                                                      75-1896224
                     Texas                                            75-1896223
      (State or other jurisdiction of                              (IRS Employer
      incorporation or organization)                      Identification Number)

   4582 South Ulster Street Parkway
                   Suite 1700
               Denver, Colorado                                            80237
(Address of principal executive offices)                              (Zip Code)

       Registrant's telephone number, including area code: (303) 850-7373

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 1 of 10


<PAGE>

<TABLE>
<CAPTION>

                         MAY DRILLING PARTNERSHIP 1983-1
                                 BALANCE SHEETS
                                   (Unaudited)
                                 (In thousands)


                                                                     September 30,              December 31,
                                                                         1997                      1996



ASSETS

Investment in
<S>                                                                      <C>                        <C> 
     May Limited Partnership 1983-1                                      $166                       $179
                                                                          ====                       ===



PARTNERS' CAPITAL

Partners' Capital                                                        $166                       $179
                                                                          ====                       ===








<FN>


NOTE:    The   statements  of  operations   and  cash  flows  for  May  Drilling
         Partnership  1983-1 are not presented because such information is equal
         to the limited partner's share of such activity as presented in the May
         Limited  Partnership  1983-1  financial  statements.  The May  Drilling
         Partnership carries its investment in May Limited Partnership 1983-1 on
         the  equity  method.  The  May  Limited  Partnership  1983-1  financial
         statements should be read in conjunction with these balance sheets.
</FN>















<FN>

                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>

<TABLE>
<CAPTION>

                         MAY LIMITED PARTNERSHIP 1983-1
                                 BALANCE SHEETS
                                   (Unaudited)
                                 (In thousands)



                                                                                  September 30,      December 31,

                                                                                     1997                1996
                                                                                     -----               ----



ASSETS

CURRENT ASSETS

<S>                                                                               <C>                  <C>     
     Cash and cash equivalents                                                    $    116             $    115
     Accrued oil and gas sales                                                          48                   59
     Due from affiliate                                                                 12
                                                                                       ---                  ---
              Total                                                                    176                  174
                                                                                       ---                  ---


OIL AND GAS PROPERTIES, using the full                                               
     cost method of accounting                                                       7,317               7,302
         Less accumulated depletion                                                 (7,091)             (7,063)
                                                                                     ------              ------
              Net oil and gas properties                                               226                 239
                                                                                     ------              ------

                                                                                  
TOTAL ASSETS                                                                      $    402             $    413
                                                                                  =========             =======



LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES
                                                                                 
     Accounts payable and accrued liabilities                                     $     17            $      17 
     Due to affiliate                                                                                         5
                                                                                    ---------             ------
              Total                                                                     17                   22
                                                                                    --------              ------
                                                                                                             



PARTNERS' CAPITAL                                                                                      
     General partner                                                                   219                  212
     Limited partner                                                                   166                  179
                                                                                       ---                  ---
              Total                                                                    385                  391
                                                                                       ---                  ---

                                                                                             
TOTAL LIABILITIES AND PARTNERS' CAPITAL                                           $    402             $    413
                                                                                  ========              =======













<FN>

                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                         MAY LIMITED PARTNERSHIP 1983-1
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
                   (In thousands, except for unit information)



                                                                      For the Three Months Ended September 30,

                                                                          1997                          1996
                                                                          -----                         ----



REVENUES
                                                                             
<S>                                                                   <C>                            <C>         
     Oil revenue                                                      $       9                      $      9    
     Gas revenue                                                             64                            66 
     Interest                                                                75                             1
                                                                            ----                           ---
              Total                                                          76                            76
                                                                            ----                           ---


COSTS AND EXPENSES
     Lease operating                                                          7                            11
     General and administrative                                              16                            10
     Depletion                                                               11                            10
     Professional services and other                                          4                             2
     Litigation settlement                                                    3
                                                                            ----                           ----
              Total                                                          41                             33
                                                                            -----                          ----


                                                                      
NET INCOME                                                            $       34                      $      43
                                                                        ========                           =====



ALLOCATION OF NET INCOME:                                                                      
 
     General Partner                                                  $       17                       $      20
                                                                        ========                          ========
                                                                      
     Limited Partner                                                  $       17                         $      23
                                                                        ========                          ========



         Per initial $1,000 limited                                                                                   
              partner investment unit                                    $  3.61                          $   4.88
                                                                        ========                           =======



         Weighted average initial $1,000 limited                                                               
              partner investment units outstanding                       4,713                              4,713
                                                                        =======                             ======








<FN>


                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                         MAY LIMITED PARTNERSHIP 1983-1
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
                   (In thousands, except for unit information)



                                                                         For the Nine Months Ended September 30,

                                                                            1997                          1996
                                                                            -----                         ----



REVENUES
<S>                                                                       <C>                         <C>      
     Oil revenue                                                          $     23                    $      29
     Gas revenue                                                               174                          233
     Interest                                                                    5                            3
                                                                             -------                   --------

              Total                                                           202                           265
                                                                              ----                          ---



COSTS AND EXPENSES

     Lease operating                                                            21                           31
     General and administrative                                                 46                           48
     Depletion                                                                  28                           33
     Professional services and other                                            10                            6
     Litigation settlement                                                       3                            1
                                                                             ------                     --------  

              Total                                                           108                           119
                                                                              ----                          ---



NET INCOME                                                               $     94                      $    146
                                                                          ========                      =======
ALLOCATION OF NET INCOME:

     General Partner                                                     $     49                     $      71
                                                                          ========                     ========

     Limited Partner                                                     $     45                     $      75
                                                                          ========                     ========



         Per initial $1,000 limited
              partner investment unit                                      $  9.55                      $ 15.91
                                                                            ======                       ======



         Weighted average initial $1,000 limited
              partner investment units outstanding                           4,713                        4,713
                                                                             =====                        =====












<FN>

                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                         MAY LIMITED PARTNERSHIP 1983-1
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (In thousands)



                                                                            For the Nine Months Ended September 30,

                                                                                1997                        1996
                                                                                -----                       ----

OPERATING ACTIVITIES:
<S>                                                                          <C>                       <C>    
   Net income                                                                $     94                  $   146

   Adjustment  to  reconcile  net  income  to net  cash  provided  by  operating
        activities:

            Depletion                                                              28                        33
                                                                                  ---                        --

                 Cash from operations before working
                     capital changes                                              122                       179


   Changes in assets and liabilities provided (used) cash:

            Accrued oil and gas sales                                              11                        14
            Due from affiliate                                                    (12)                      (19)
            Accounts payable and accrued liabilities                                                         (1)
            Payable to affiliate                                                   (5)
                                                                                -------                     ----
                 Net cash provided by operating activities                        116                        173
                                                                                 ------                     ------

INVESTING ACTIVITIES:
                                                                                 
   Additions to oil and gas properties                                            (15)                      (8)
                                                                                 -----                     -----
FINANCING ACTIVITIES:

   Distributions to partners                                                    (100)                     (101)
                                                                                ----                      ----

NET INCREASE IN CASH AND CASH
   EQUIVALENTS                                                                      1                       64

CASH AND CASH EQUIVALENTS:
   Balance, beginning of period                                                   115                      115
                                                                                  ---                      ---
   Balance, end of period                                                     $   116                  $   179
                                                                               ======                   ======








<FN>

                    The accompanying note is an integral part
                          of the financial statements.
</FN>
</TABLE>


<PAGE>


                         MAY LIMITED PARTNERSHIP 1983-1
                          NOTE TO FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1 - GENERAL

The financial  statements  presented are those of May Limited Partnership 1983-1
(the "Partnership").  The interim financial data are unaudited;  however, in the
opinion of the general  partner,  the  interim  data  include  all  adjustments,
consisting  only  of  normal  recurring   adjustments,   necessary  for  a  fair
presentation of the results for the interim periods.  These financial statements
should be read in  conjunction  with the financial  statements and notes thereto
included in the Partnership's December 31, 1996 Annual Report on Form 10-K.


ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
         RESULTS OF OPERATIONS

Liquidity and Capital Resources

The Partnership generated $116,000 of cash flow from operating activities during
the nine months ended September 30, 1997. The ability of the Partnership to make
future  distributions  is  dependent  on  future  prices  for the  Partnership's
production and the production level of the  Partnership's  remaining oil and gas
reserves.

Results of Operations

Third Quarter 1997 Compared to Third Quarter 1996

Oil Revenue

Oil revenue remained  constant during the third quarter of 1997 as compared with
the same period during 1996. Oil  production  increased 11%, and the average oil
price decreased from $23.78 per barrel in 1996 to $19.29 per barrel in 1997. The
increase in production is due to workover procedures performed during the second
quarter of 1997.

Gas Revenue

Gas revenue decreased $2,000 during the third quarter of 1997 as compared to the
corresponding  period in 1996,  as the result of a decrease in price,  partially
offset by an increase in production. Gas production increased 7% due to workover
procedures  performed  during the second  quarter of 1997. The average gas price
decreased from $2.64 per mcf in 1996 to $2.44 per mcf in 1997.

Interest

Interest  income  increased  $1,000 during the third quarter of 1997 as compared
with the third quarter of 1996 due to a higher average cash balance during 1997.

Lease Operating

Lease  operating  expense  decreased  $4,000 during the third quarter of 1997 as
compared  with  the  third  quarter  of 1996  primarily  due to a  reduction  in
maintenance activity.


<PAGE>


General and Administrative

General and administrative expenses increased $6,000 during the third quarter of
1997 as  compared  with  the same  period  in 1996  due to the  timing  of these
expenses.

Depletion

Depletion  expense increased $1,000 during the third quarter of 1997 as compared
to the  corresponding  period  in 1996 as a result  of a higher  depletion  rate
during 1997  resulting  from the  increase in oil and gas  production  discussed
above.

Professional Services and Other

Professional  services  and other  expense  increased  $2,000  during  the third
quarter of 1997 as  compared  with the third  quarter of 1996.  The  increase is
comprised  of an  increase  in legal fees  relating  to  settlement  of property
related claims and an increase in  miscellaneous  other expenses,  none of which
are individually significant.

Litigation Settlement

Litigation  settlement  expense during the third quarter of 1997  represents the
expense associated with the settlement of property related claims.

Nine Months Ended September 30, 1997 Compared to the Nine Months Ended
September 30, 1996

The comparisons for the nine months ended September 30, 1997 and the nine months
ended  September  30,  1996 are  consistent  with those  discussed  in the third
quarter 1997 compared to the third quarter of 1996 except for the following:

Oil Revenue

Oil revenue decreased $6,000 during the first nine months of 1997 as compared to
the corresponding  period in 1996 due to a decrease in production and a decrease
in the average oil price. The average oil price decreased from $21.07 per barrel
in 1996 to $20.51 per barrel in 1997. Oil production decreased 19% primarily due
to the temporary shut-in of two wells during May and June of 1997 while workover
procedures were performed.

Gas Revenue

Gas revenue  decreased  $59,000 during the first nine months of 1997 as compared
to the  corresponding  period in 1996 as the result of a decrease in  production
and a decrease in price.  Gas  production  decreased  18%  primarily  due to the
temporary  shut-in  of two  wells  during  May and June of 1997  while  workover
procedures were performed. The average gas price decreased from $2.86 per mcf in
1996 to $2.63 per mcf in 1997.

General and Administrative

General  and  administrative  expenses  decreased  $2,000  during the first mine
months of 1997 as compared with the same period during 1996 due to a decrease in
the allocation of overhead from the general partner.

Depletion

Depletion  expense  decreased  $5,000  during the first  nine  months of 1997 as
compared  to the  corresponding  period  in 1996 due to a lower  depletion  rate
resulting from the decrease in oil and gas production previously discussed.




<PAGE>


PART II -     OTHER INFORMATION


ITEM 1  -     LEGAL PROCEEDINGS

              Reference  is made to Item 8 - Note 4 of Form  10-K  for the  year
              ended December 31, 1996.


ITEM 2  -     CHANGES IN SECURITIES

              None.


ITEM 3  -     DEFAULTS UPON SENIOR SECURITIES

              None.


ITEM 4  -     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
              
              None.


ITEM 5  -     OTHER INFORMATION

              None.


ITEM 6  -     EXHIBITS AND REPORTS ON FORM 8-K

              None.



<PAGE>



                                                       -10-
Document: P:\DOC\83-1MQ.DOC
SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Partnerships  have duly caused  this report to be signed on their  behalf by the
undersigned, thereunto duly authorized.


                                          MAY DRILLING PARTNERSHIP 1983-1
                                          MAY LIMITED PARTNERSHIP 1983-1

                                             By:   EDP OPERATING, LTD.,
                                                    General Partner

                                             By:   HEPGP LTD.,
                                                    General Partner

                                             By:   HALLWOOD G. P., INC.,
                                                    General Partner



Date:  November 4, 1997                      By:   Robert S. Pfeiffer
                                              Robert S. Pfeiffer, Vice President
                                                (Principal Accounting Officer)