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, 1996

   |_|            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)



                                                                      September 30,               December 31,
                                                                          1996                        1995

ASSETS
Investment in
<S>                                                                       <C>                         <C>
     May Limited Partnership 1983-1                                       $ 224                       $207
                                                                           ====                        ===

PARTNERS' CAPITAL
Partners' Capital                                                         $224                        $207
                                                                           ===                         ===









<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  notes  are an  integral
                                           part of the financial statements.
</FN>
</TABLE>

                                                        -2-

<PAGE>


<TABLE>
<CAPTION>

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



                                                                             September 30,                December 31,
                                                                               1996                         1995
ASSETS
CURRENT ASSETS
<S>                                                                               <C>                         <C>
     Cash and cash equivalents                                                    $    179                    $    115
     Accrued oil and gas sales                                                          38                          52
     Due from affiliate                                                                 27                           8
                                                                                  --------                   ---------

              Total                                                                    244                         175
                                                                                   -------                     -------

OIL AND GAS PROPERTIES, using the
     full cost method of accounting                                                  7,295                       7,287
         Less - Accumulated depletion                                              (7,055)                     (7,022)
                                                                                   ------                      ------
              Net oil and gas properties                                               240                         265
                                                                                   -------                     -------

TOTAL ASSETS                                                                      $    484                    $    440
                                                                                   =======                     =======

LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES
     Accounts payable and accrued liabilities                                    $      19                   $      20
                                                                                  --------                    --------

              Total                                                                     19                          20
                                                                                  --------                    --------

PARTNERS' CAPITAL
     General partner                                                                   241                         213
     Limited partner                                                                   224                         207
                                                                                   -------                     -------

              Total                                                                    465                         420
                                                                                   -------                     -------

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                           $    484                    $    440
                                                                                   =======                     =======










<FN>

                                    The    accompanying  notes  are 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
                                                                                       September 30,
                                                                                 1996                        1995

REVENUES
<S>                                                                             <C>                           <C>
     Oil revenue                                                                $        9                    $      7
     Gas revenue                                                                        66                          39
     Interest income                                                                     1                           1
                                                                                 ---------                   ---------
              Total                                                                     76                          47
                                                                                  --------                    --------

COSTS AND EXPENSES
     Lease operating                                                                    11                          15
     General and administrative                                                         10                          18
     Depletion                                                                          10                          11
     Professional services and other                                                     2                           2
                                                                                 ---------                   ---------
              Total                                                                     33                          46
                                                                                  --------                    --------

NET INCOME                                                                       $      43                  $        1
                                                                                  ========                   =========

ALLOCATION OF NET INCOME:

     General Partner                                                             $      20                  $        3
                                                                                  ========                   =========

     Limited Partner                                                             $      23                 $       (2)
                                                                                  ========                  =========

         Per initial $1,000 limited
              partner investment                                                  $   4.88                   $   (.42)
                                                                                   =======                    =======

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










<FN>

                                    The    accompanying  notes  are an  integral
                                           part of the financial statements.
</FN>
</TABLE>


                                                        -4-

<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,
                                                                               ---------------------------------
                                                                                 1996                        1995
                                                                              -------------               --------

REVENUES
<S>                                                                              <C>                         <C>
     Oil revenue                                                                 $      29                   $      21
     Gas revenue                                                                       233                         124
     Interest income                                                                     3                           3
                                                                                 ---------                   ---------
              Total                                                                    265                         148
                                                                                   -------                     -------

COSTS AND EXPENSES
     Lease operating                                                                    31                          38
     General and administrative                                                         48                          56
     Depletion                                                                          33                          35
     Professional services and other                                                     6                           6
     Litigation settlement                                                               1
                                                                                 ---------
              Total                                                                    119                         135
                                                                                   -------                     -------

NET INCOME                                                                        $    146                   $      13
                                                                                   =======                    ========

ALLOCATION OF NET INCOME:

     General Partner                                                             $      71                   $      15
                                                                                  ========                    ========

     Limited Partner                                                             $      75                 $       (2)
                                                                                  ========                  =========

         Per initial $1,000 limited
              partner investment                                                   $ 15.91                   $   (.42)
                                                                                    ======                    =======

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












<FN>

                                    The    accompanying  notes  are an  integral
                                           part of the financial statements.
</FN>
</TABLE>

                                                        -5-

<PAGE>

<TABLE>
<CAPTION>


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



                                                                              For the Nine Months Ended
                                                                                    September 30,
                                                                          1996                        1995

OPERATING ACTIVITIES:
<S>                                                                                <C>                        <C>
     Net income                                                                    $   146                    $     13
     Adjustment to  reconcile  net  income  to net cash  provided  by  operating
         activities:
              Depletion                                                                 33                          35
                                                                                   -------                     -------

                  Cash from operations before working
                      capital changes                                                  179                          48

     Changes in assets and liabilities provided (used) cash:
              Accrued oil and gas sales                                                 14                           1
              Due from affiliate                                                      (19)                         (4)
              Accounts payable and accrued liabilities                                 (1)                         (6)
              Payable to affiliate                                                                                 (2)
                                                                                 ---------                   --------

                  Net cash provided by operating activities                            173                          37
                                                                                    ------                     -------

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

                  Net cash used in investing activities                                (8)                        (15)
                                                                                 --------                     -------

FINANCING ACTIVITIES:
     Distributions to partners                                                       (101)                        (18)
                                                                                   ------                     -------

                  Net cash used in financing activities                              (101)                        (18)
                                                                                   ------                     -------

NET INCREASE IN CASH AND CASH
     EQUIVALENTS                                                                        64                           4

CASH AND CASH EQUIVALENTS:
     Balance, beginning of period                                                      115                          96
                                                                                    ------                     -------

     Balance, end of period                                                        $   179                     $   100
                                                                                    ======                      ======





<FN>

                                    The    accompanying  notes  are an  integral
                                           part of the financial statements.
</FN>

</TABLE>
                                                        -6-

<PAGE>



                         MAY LIMITED PARTNERSHIP 1983-1
                          NOTES 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, 1995 Annual Report on Form 10-K.


NOTE 2 - LEGAL

In June 1996,  the  Partnership  and the other  parties to the  lawsuits  styled
Lamson  Petroleum  Corporation  v. Hallwood  Petroleum,  Inc. et al. settled the
lawsuits.  The plaintiffs in the lawsuits claimed they had valid leases covering
streets and roads in the units of the A. L.  Boudreaux #1 well, G. S.  Boudreaux
#1 well,  Paul  Castille  #1 well,  Evangeline  Shrine Club #1 well and Duhon #1
well, which represented  approximately 3% to 4% of the Partnership's interest in
these properties, and they were entitled to a portion of the production from the
wells dating from February  1990. In the  settlement,  the  Partnership  and the
plaintiffs  agreed to  cross-convey  interests in certain leases to one another,
and the Partnership  agreed to pay the plaintiffs  $25,000.  The Partnership has
not recognized revenue  attributable to the contested leases since January 1993.
These  revenues,  totaling  $24,000,  had been  placed  in  escrow  pending  the
resolution  of the  lawsuits.  The  excess of the cash  paid  over the  escrowed
amounts,  is  reflected as  litigation  settlement  expense in the  accompanying
financial  statements.  The cross-conveyance of the interests in the leases will
result in a  decrease  in the  Partnership's  reserves  of $15,000 in future net
revenues, discounted at 10%.


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

Liquidity and Capital Resources

The Partnership  generated  $173,000 of cash flow from operating  activities and
made  distributions of $101,000 during the nine months ended September 30, 1996.
A  distribution  was  declared  in  October  1996.  The  distribution  amount is
$107,000,  payable  $62,000 to May  Drilling  Partnership  1983-1  partners  and
$45,000 to the general  partner.  Future  distributions  are 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 1996 Compared to Third Quarter 1995

Oil Revenue

Oil revenue  increased  $2,000 during the third quarter of 1996 as compared with
the same  period  during  1995  primarily  due to an increase in the average oil
price from  $17.12  per  barrel in 1995 to $23.78 per barrel in 1996,  partially
offset by a decrease in production. Oil production decreased 2% primarily due to
normal production declines.


                                                        -7-

<PAGE>



Gas Revenue

Gas revenue  increased  $27,000  during the third quarter of 1996 as compared to
the  corresponding  period in 1995 primarily as the result of an increase in the
average  gas  price  from  $1.60  per mcf in  1995 to  $2.64  mcf in  1996.  Gas
production  increased  approximately 3% in the third quarter of 1996 as compared
with the third  quarter  of 1995  primarily  due to  increased  state  allowable
production limits.

Lease Operating

Lease  operating  expense  decreased  $4,000 during the third quarter of 1996 as
compared with the third quarter of 1995  primarily due to decreases in operating
expenses resulting from cost savings measures implemented during 1995.

General and Administrative

General and administrative expenses decreased $8,000 during the third quarter of
1996 as  compared  with  the  same  period  in  1995  due to a  decrease  in the
allocation of overhead from the general partner.

Depletion

Depletion  expense decreased $1,000 during the third quarter of 1996 as compared
to the  corresponding  period  in 1995 as a result  of lower  capitalized  costs
during 1996 as compared with 1995.

Nine Months  Ended  September  30, 1996  Compared to the Nine Months  Ended
September 30, 1995

The comparisons for the nine months ended September 30, 1996 and the nine months
ended  September  30,  1995 are  consistent  with those  discussed  in the third
quarter 1996 compared to the third quarter of 1995 except for the following:

Oil  Revenue

Oil revenue increased $8,000 during the first nine months of 1996 as compared to
the corresponding period in 1995. The increase is comprised of a 12% increase in
production  combined  with an  increase  in oil prices from $17.74 per barrel in
1995 to  $21.07  per  barrel  in 1996.  The  increase  in  production  is due to
increased state allowable production limits.

Gas Revenue

Gas revenue increased  $109,000 during the first nine months of 1996 as compared
with the same period during 1995. The increase is comprised of a 12% increase in
gas  production  combined  with an  increase in gas prices from $1.69 per mcf in
1995 to $2.86 per mcf in 1996.  The increase in  production  is due to increased
state allowable production limits.

Litigation Settlement

Litigation  settlement  expense  represents the settlement of the Lamson lawsuit
which is further described in Item 1 - Note 2 of this Form 10-Q.


                                                        -8-

<PAGE>



PART II - OTHER INFORMATION


ITEM 1  - LEGAL PROCEEDINGS

              Reference  is made to Item 8 - Note 3 of Form  10-K  for the  year
              ended December 31, 1995 and Item 1 Note 2 of this Form 10-Q.


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.



                                                        -9-

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


Date:  November 4, 1996                    By:
                       Robert S. Pfeiffer, Vice President
                         (Principal Accounting Officer)


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

<PAGE>