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, 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)




                                                                        June 30,                December 31,
                                                                           1997                    1996

ASSETS

Investment in
<S>                                                                      <C>                        <C> 
     May Limited Partnership 1983-1                                      $207                       $179
                                                                          ====                       ===



PARTNERS' CAPITAL

Partners' Capital                                                        $207                       $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>


<PAGE>
<TABLE>
<CAPTION>


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



                                                                         June 30,                December 31,
                                                                           1997                      1996



ASSETS

CURRENT ASSETS
<S>                                                                       <C>                       <C>     
     Cash and cash equivalents                                            $   191                   $    115
     Accrued oil and gas sales                                                 31                         59
     Due from affiliate                                                         6
                                                                             ----                        ---
              Total                                                           228                        174
                                                                             ----                        ---

OIL AND GAS PROPERTIES, using the   full cost method of
     accounting                                                             7,313                      7,302
         Less accumulated depletion                                        (7,080)                    (7,063)
                                                                           ------                     ------
              Net oil and gas properties                                      233                        239
                                                                           ------                     ------



TOTAL ASSETS                                                              $   461                   $    413
                                                                           ======                    =======


LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES
     Accounts payable and accrued liabilities                            $     10                  $      17
     Due to affiliate                                                                                      5
                                                                             ----                        ---
             Total                                                             10                         22
                                                                             ----                        ---

PARTNERS' CAPITAL
     General partner                                                          244                        212
     Limited partner                                                          207                        179
                                                                              ---                       ----
              Total                                                           451                        391
                                                                              ---                       ----

TOTAL LIABILITIES AND PARTNERS' CAPITAL                                  $    461                   $    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 June 30,

                                                                           1997                       1996
                                                                           -----                      ----

REVENUES
<S>                                                                     <C>                        <C>      
     Oil revenue                                                        $       6                  $      11
     Gas revenue                                                               41                         76
     Interest                                                                   2                          1
                                                                              ---                        ---
              Total                                                            49                         88
                                                                              ---                        ---

COSTS AND EXPENSES
     Lease operating                                                            6                         10
     General and administrative                                                15                         19
     Depletion                                                                  8                         12
     Professional services and other                                            2                          2
     Litigation settlement                                                                                 1
                                                                              ---                        ---
              Total                                                            31                         44
                                                                              ---                        ---
NET INCOME                                                              $      18                  $      44
                                                                         ========                   ========


ALLOCATION OF NET INCOME:

     General Partner                                                   $        9                  $      24
                                                                        =========                   ========

     Limited Partner                                                   $        9                  $      20
                                                                        =========                   ========


         Per initial $1,000 limited
              partner investment                                         $   1.91                   $   4.24
                                                                          =======                    =======




         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,

                                                                           1997                       1996
                                                                           -----                      ----

REVENUES
<S>                                                                    <C>                        <C>       
     Oil revenue                                                       $       14                 $       20
     Gas revenue                                                              110                        167
     Interest                                                                   3                          2
                                                                             ----                       ----
              Total                                                           127                        189
                                                                              ---                        ---
COSTS AND EXPENSES
     Lease operating                                                           14                         20
     General and administrative                                                30                         38
     Depletion                                                                 17                         23
     Professional services and other                                            6                          4
     Litigation settlement                                                                                 1
                                                                              ---                        ---
              Total                                                            67                         86
                                                                              ---                        ---

NET INCOME                                                              $      60                  $     103
                                                                         ========                   ========


ALLOCATION OF NET INCOME:

     General Partner                                                    $      32                  $      51
                                                                         ========                   ========

     Limited Partner                                                    $      28                  $      52
                                                                         ========                   ========

         Per initial $1,000 limited
              partner investment                                         $   5.94                    $ 11.03
                                                                          =======                     ======


         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,

                                                                           1997                       1996
                                                                           -----                      ----
OPERATING ACTIVITIES:
<S>                                                                     <C>                         <C>      
   Net income                                                           $      60                   $     103
   Adjustment  to  reconcile  net  income  to net
     cash  provided  by  operating activities:
            Depletion                                                          17                          23
                                                                              ---                         ---
                 Cash from operations before working
                     capital changes                                           77                         126

   Changes in assets and liabilities provided (used) cash:
            Accrued oil and gas sales                                          28                          (2)
            Due from affiliate                                                 (6)                        (13)
            Accounts payable and accrued liabilities                           (7)                         (9)
            Payable to affiliate                                               (5)
                                                                              ----                        ---
                 Net cash provided by operating activities                     87                         102
                                                                              ----                        ---
INVESTING ACTIVITIES:
   Additions to oil and gas properties                                        (11)                         (1)
                                                                              ----                         ---
FINANCING ACTIVITIES:
   Distributions to partners                                                                              (101)
                                                                              ----                        ----
NET INCREASE IN CASH AND CASH
   EQUIVALENTS                                                                 76

CASH AND CASH EQUIVALENTS:
   Balance, beginning of period                                               115                         115
                                                                              ---                         ---
   Balance, end of period                                                $    191                    $    115
                                                                          =======                     =======





<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 $87,000 of cash flow from operating activities during
the six months ended June 30, 1997. A distribution payable to partners of record
as of June 30,  1997 was  declared  in July  1997.  The  distribution  amount is
$100,000,  payable  $58,000 to May  Drilling  Partnership  1983-1  partners  and
$42,000 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 1997 Compared to Second Quarter 1996

Oil Revenue

Oil revenue  decreased $5,000 during the second quarter of 1997 as compared with
the same period during 1996  primarily due to a decrease in production  combined
with a decrease in the average oil price.  The average oil price  decreased from
$20.84 per barrel in 1996 to $19.78 per barrel in 1997. Oil production decreased
40% 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  $35,000 during the second 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 37% 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 $2.64 per mcf in
1996 to $2.26 per mcf in 1997.

Interest

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

Lease Operating

Lease operating  expense  decreased  $4,000 during the second quarter of 1997 as
compared with the second quarter of 1996 primarily due to lower production taxes
resulting from the decrease in oil and gas revenue discussed above.


<PAGE>



General and Administrative

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

Depletion

Depletion expense decreased $4,000 during the second 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.

Litigation Settlement

Litigation  settlement  expense during the second quarter of 1996 represents the
expense associated with the settlement of a property related lawsuit.

Six Months Ended June 30, 1997 Compared to the Six Months Ended June 30, 1996

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

Oil Revenue

Oil revenue  decreased $6,000 during the first six months of 1997 as compared to
the  corresponding  period in 1996  primarily  due to a decrease in  production,
partially  offset by an increase in the average oil price. The average oil price
increased  from  $19.94 per  barrel in 1996 to $21.34  per  barrel in 1997.  Oil
production  decreased 31%  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 $57,000 during the first six months 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  30%
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
$2.95 per mcf in 1996 to $2.76 per mcf in 1997.

Professional Services and Other

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





<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-

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 11, 1997                       By:    Robert S. Pfeiffer
     -------------------------                       ------------------
                                              Robert S. Pfeiffer, Vice President
                                                (Principal Accounting Officer)