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 June 30, 1998

      [ ]         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                             (I.R.S. 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)



                                                                               June 30,                 December 31,
                                                                                  1998                      1997

ASSETS
<S>                                                                              <C>                       <C>  
Investment in May Limited Partnership 1983-1                                     $ 175                     $ 189
                                                                                  ====                      ====


PARTNERS' CAPITAL
Partners' Capital                                                                $ 175                     $ 189
                                                                                  ====                      ====





<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>


<PAGE>

<TABLE>
<CAPTION>

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



                                                                      June 30,              December 31,
                                                                        1998                    1997

ASSETS
CURRENT ASSETS
<S>                                                                    <C>                     <C>    
    Cash and cash equivalents                                          $   165                 $   163
    Accrued oil and gas sales                                               48                      51
    Due from affiliate                                                      19                      20
                                                                       -------                  ------
         Total                                                             232                     234
                                                                        ------                  ------

OIL AND GAS PROPERTIES, using the
    full cost method of accounting                                       7,323                   7,315
       Less accumulated depletion                                       (7,125)                  (7,100)
                                                                         -----                    -----
         Net oil and gas properties                                        198                     215
                                                                        ------                  ------

TOTAL ASSETS                                                           $   430                 $   449
                                                                        ======                  ======

LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES
    Accounts payable and accrued liabilities                           $    12                 $    20
                                                                        ------                  ------

PARTNERS' CAPITAL
    General partner                                                        243                     240
    Limited partner                                                        175                     189
                                                                        ------                  ------
         Total                                                             418                     429
                                                                        ------                  ------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                $   430                 $   449
                                                                        ======                  ======




















<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 June 30,
                                                                        1998                      1997

REVENUES
<S>                                                                  <C>                       <C>     
   Gas revenue                                                       $     72                  $     41
   Oil revenue                                                              6                         6
   Interest                                                                 2                         2
                                                                     --------                  --------
         Total                                                             80                        49
                                                                      -------                   -------

COSTS AND EXPENSES
   Lease operating                                                         11                         6
   General and administrative                                              15                        15
   Depletion                                                               14                         8
   Professional services and other                                          1                         2
                                                                     --------                  --------
         Total                                                             41                        31
                                                                      -------                   -------

NET INCOME                                                           $     39                  $     18
                                                                      =======                   =======

ALLOCATION OF NET INCOME:

    General Partner                                                   $    20                  $      9
                                                                       ======                   =======

    Limited Partner                                                   $    19                  $      9
                                                                       ======                   =======

       Per initial $1,000 limited partner
         investment                                                   $  4.03                   $  1.91
                                                                       ======                    ======

       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 OPERATIONS
                                   (Unaudited)
                   (In thousands, except for unit information)



                                                                        For the Six Months Ended June 30,
                                                                        1998                      1997

REVENUES
<S>                                                                   <C>                      <C>     
   Gas revenue                                                        $   135                  $    110
   Oil revenue                                                             12                        14
   Interest                                                                 4                         3
                                                                     --------                 ---------
         Total                                                            151                       127
                                                                       ------                   -------

COSTS AND EXPENSES
   Lease operating                                                         20                        14
   General and administrative                                              30                        30
   Depletion                                                               25                        17
   Professional services and other                                          4                         6
                                                                     --------                  --------
         Total                                                             79                        67
                                                                      -------                   -------

NET INCOME                                                           $     72                  $     60
                                                                      =======                   =======

ALLOCATION OF NET INCOME:

    General Partner                                                  $     38                  $     32
                                                                      =======                   =======

    Limited Partner                                                  $     34                  $     28
                                                                      =======                   =======

       Per initial $1,000 limited partner
         investment                                                   $  7.21                   $  5.94
                                                                       ======                    ======

       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 Six Months Ended June 30,
                                                                         1998                      1997

OPERATING ACTIVITIES:
<S>                                                                    <C>                       <C>    
    Net income                                                         $    72                   $    60
    Adjustment to reconcile net income to
       net cash provided by operating activities:
          Depletion                                                         25                        17

Changes in assets and liabilities provided (used) cash:
      Accrued oil and gas sales                                              3                        28
      Due from affiliate                                                     1                        (6)
      Accounts payable and accrued liabilities                              (8)                       (7)
      Due to affiliate                                                                                (5)
                                                                     ---------                  --------
              Net cash provided by operating activities                     93                        87
                                                                       -------                   -------

INVESTING ACTIVITIES -
      Additions to oil and gas properties                                   (8)                      (11)
                                                                       -------                   -------

FINANCING ACTIVITIES -
      Distributions to partners                                            (83)

NET INCREASE IN CASH AND CASH
    EQUIVALENTS                                                              2                        76

CASH AND CASH EQUIVALENTS:
       Balance, beginning of period                                        163                       115
                                                                        ------                    ------

       Balance, end of period                                          $   165                   $   191
                                                                        ======                    ======




















</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, 1997 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 $93,000 of cash flow from operating activities during
the six months  ended June 30,  1998 and  distributed  $83,000  to  partners.  A
distribution  payable to partners of record as of June 30, 1998 was  declared in
July 1998. The  distribution  amount is $85,000  payable $48,960 to May Drilling
Partnership  1983-1 partners and $36,040 to the general partner.  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

Second Quarter 1998 Compared to Second Quarter 1997

Gas Revenue

Gas revenue  increased  $31,000 during the second quarter of 1998 as compared to
the second  quarter of 1997 as a result of an  increase in price and an increase
in  production.  The average gas price  increased  from $2.26 per mcf in 1997 to
$2.47 per mcf in 1998.  Gas  production  increased  62% because two  temporarily
shut-in wells were back on line.  The two wells were  temporarily  shut-in while
workover procedures were performed during the second quarter of 1997.

Oil Revenue

Oil revenue  remained  constant during the second quarter of 1998 as compared to
the second  quarter of 1997.  The  average oil price  decreased  from $19.78 per
barrel in 1997 to $13.14 per barrel in 1998.  The price  decline was offset by a
56% increase in production  because two  temporarily  shut-in wells were back on
line.  The two wells were  temporarily  shut-in while workover  procedures  were
performed during the second quarter of 1997.

Lease Operating

Lease operating  expense  increased  $5,000 during the second quarter of 1998 as
compared to the second  quarter of 1997  primarily  due to increased  production
taxes related to the increased oil and gas production discussed above.

Depletion

Depletion expense increased $6,000 during the second quarter of 1998 as compared
to the second quarter of 1997 as a result of a higher depletion rate during 1998
resulting from the increase in oil and gas production discussed above.



<PAGE>


Professional Services and Other

Professional  services  and other  expense  decreased  $1,000  during the second
quarter of 1998 as  compared  to the second  quarter of 1997.  The  decrease  is
comprised of a net decrease in miscellaneous  other expenses,  none of which are
individually significant.

Six Months Ended June 30, 1998 Compared to the Six Months Ended June 30, 1997

The  comparisons for the six months ended June 30, 1998 and the six months ended
June 30, 1997 are  consistent  with those  discussed in the second  quarter 1998
compared to the second quarter of 1997 except for the following:

Gas Revenue

Gas revenue increased $25,000 during the first six months of 1998 as compared to
the  corresponding  period in 1997  primarily  as the result of an  increase  in
production  which was partially  offset by a decrease in price.  Gas  production
increased 39% because two  temporarily  shut-in wells were back on line. The two
wells were temporarily  shut-in while workover  procedures were performed during
the second quarter of 1997.  The average gas price  decreased from $2.76 per mcf
in 1997 to $2.45 per mcf in 1998.

Oil Revenue

Oil revenue  decreased $2,000 during the first six months of 1998 as compared to
the corresponding  period in 1997 primarily due to a decrease in the average oil
price,  partially  offset by an  increase in  production.  The average oil price
decreased  from  $21.34 per  barrel in 1997 to $14.54  per  barrel in 1998.  Oil
production  increased  29% because two  temporarily  shut-in  wells were back on
line.  The two wells were  temporarily  shut-in while workover  procedures  were
performed during the second quarter of 1997.

Interest

Interest income increased $1,000 during the first six months of 1998 compared to
the first six months of 1997 due to a higher average cash balance during 1998.


<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, 1997.


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>


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:  August 10, 1998                         By: /s/Thomas J. Jung
      
                                                  Thomas J. Jung, Vice President
                                                 (Principal Accounting Officer)