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 March 31, 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                                (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 9


<PAGE>

<TABLE>
<CAPTION>


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



                                                                        March 31,                 December 31,
                                                                          1997                        1996

ASSETS
Investment in
<S>                                                                       <C>                         <C> 
     May Limited Partnership 1983-1                                       $198                        $179
                                                                           ===                         ===

PARTNERS' CAPITAL
Partners' Capital                                                         $198                        $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>

                                                        -2-

<PAGE>

<TABLE>
<CAPTION>


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



                                                                        March 31,                 December 31,
                                                                          1997                        1996

ASSETS
CURRENT ASSETS
<S>                                                                               <C>                         <C>     
     Cash and cash equivalents                                                    $    139                    $    115
     Accrued oil and gas sales                                                          39                          59
     Due from affiliate                                                                 27
                                                                                  --------
              Total                                                                    205                         174
                                                                                   -------                     -------

OIL AND GAS PROPERTIES, using the
     full cost method of accounting                                                  7,311                       7,302
         Less accumulated depletion                                                (7,072)                     (7,063)
                                                                                   ------                      ------
              Net oil and gas properties                                               239                         239
                                                                                   -------                     -------

TOTAL ASSETS                                                                      $    444                    $    413
                                                                                   =======                     =======

LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES
     Accounts payable and accrued liabilities                                    $      11                   $      17
     Due to affiliate                                                                                                5
                                                                                ----------                   ---------
              Total                                                                     11                          22
                                                                                  --------                    --------

PARTNERS' CAPITAL
     General partner                                                                   235                         212
     Limited partner                                                                   198                         179
                                                                                   -------                     -------
              Total                                                                    433                         391
                                                                                   -------                     -------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                           $    444                    $    413
                                                                                   =======                     =======













<FN>

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

                                                        -3-

<PAGE>

<TABLE>
<CAPTION>


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



                                                                        For the Three Months Ended March 31,
                                                                          1997                        1996

REVENUES
<S>                                                                             <C>                         <C>       
     Oil revenue                                                                $        8                  $        9
     Gas revenue                                                                        69                          91
     Interest income                                                                     1                           1
                                                                                 ---------                   ---------
              Total                                                                     78                         101
                                                                                  --------                     -------

COSTS AND EXPENSES
     Lease operating                                                                     8                          10
     General and administrative                                                         15                          19
     Depletion                                                                           9                          11
     Professional services and other                                                     4                           2
                                                                                 ---------                   ---------
              Total                                                                     36                          42
                                                                                  --------                    --------

NET INCOME                                                                       $      42                   $      59
                                                                                  ========                    ========

ALLOCATION OF NET INCOME:

     General Partner                                                             $      23                   $      27
                                                                                  ========                    ========

     Limited Partner                                                             $      19                   $      32
                                                                                  ========                    ========

         Per initial $1,000 limited
              partner investment                                                 $    4.03                    $   6.79
                                                                                  ========                     =======

         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>

                                                        -4-

<PAGE>
<TABLE>
<CAPTION>



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



                                                                        For the Three Months Ended March 31,
                                                                          1997                        1996

OPERATING ACTIVITIES:
<S>                                                                              <C>                         <C>      
   Net income                                                                    $      42                   $      59
   Adjustment to reconcile net income to net
        cash provided by operating activities:
            Depletion                                                                    9                          11
                                                                                 ---------                    --------

                 Cash from operations before working
                     capital changes                                                    51                          70

   Changes in assets and liabilities provided (used) cash:
            Accrued oil and gas sales                                                   20                        (10)
            Due from affiliate                                                        (27)                        (16)
            Accounts payable and accrued liabilities                                   (6)                         (4)
            Payable to affiliate                                                       (5)
                                                                                ---------

                 Net cash provided by operating activities                              33                          40
                                                                                  --------                    --------

INVESTING ACTIVITIES:
   Additions to oil and gas properties                                                 (9)
                                                                                ---------

NET INCREASE IN CASH AND CASH
   EQUIVALENTS                                                                          24                          40

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

   Balance, end of period                                                         $    139                    $    155
                                                                                   =======                     =======











<FN>

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

                                                        -5-

<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 $33,000 of cash flow from operating activities during
the three months ended March 31, 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

First Quarter 1997 Compared to First Quarter 1996

Oil Revenue

Oil revenue  decreased  $1,000 during the first quarter of 1997 as compared with
the same period during 1996 primarily due to a decrease in production, partially
offset by an increase in the average oil price.  The average oil price increased
from  $19.03 per barrel in 1996 to $22.56  per  barrel in 1997.  Oil  production
decreased 23% primarily due to lower state allowable  production  limits as well
as normal production declines.

Gas Revenue

Gas revenue  decreased  $22,000  during the first quarter of 1997 as compared to
the  corresponding  period in 1996  primarily  as the  result of a  decrease  in
production  combined  with a decrease in price.  Gas  production  decreased  22%
primarily  due to lower  state  allowable  production  limits  as well as normal
production declines.  The average gas price decreased from $3.28 per mcf in 1996
to $3.19 per mcf in 1997.

Lease Operating

Lease  operating  expense  decreased  $2,000 during the first quarter of 1997 as
compared with the first quarter of 1996 primarily due to lower  production taxes
resulting from the decrease in oil and gas revenue discussed above.

General and Administrative

General and administrative expenses decreased $4,000 during the first quarter of
1997 as  compared  with  the  same  period  in  1996  due to a  decrease  in the
allocation of overhead from the general partner.



                                                        -6-

<PAGE>



Depletion

Depletion  expense decreased $2,000 during the first quarter of 1997 as compared
to the corresponding period in 1996 as a result of a lower depletion rate during
1997 resulting from the decrease in oil and gas production discussed above.

Professional Services and Other

Professional  services  and other  expense  increased  $2,000  during  the first
quarter of 1997 as  compared  with the first  quarter of 1996.  The  increase is
primarily due to the timing of these expenses.

                                                        -7-

<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.



                                                        -8-

<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: April 30, 1997                       By:     /s/Robert S. Pfeiffer
     -------------------------                    --------------------------
                                              Robert S. Pfeiffer, Vice President
                                               (Principal Accounting Officer)


Document: P:\DOC\83-1MQ.DOC
                                                              -9-
<PAGE>