<PAGE>



                  SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549


                               FORM 10-Q


           Quarterly Report Pursuant to Section 13 or 15(d)
                of the Securities Exchange Act of 1934



     For the quarter ended           Commission File Number
       September 30, 1996                 0-12093


                    DYCO OIL AND GAS PROGRAM 1983-2
                        (A LIMITED PARTNERSHIP)
         (Exact Name of Registrant as specified in its charter)



         Minnesota                         41-1454574  
  (State or other jurisdiction      (I.R.S. Employer Identification
     of incorporation or                      Number)
       organization)



     Samson Plaza, Two West Second Street, Tulsa, Oklahoma  74103
     ------------------------------------------------------------
     (Address of principal executive offices)          (Zip Code)



                         (918) 583-1791
        ----------------------------------------------------
        (Registrant's telephone number, including area code)





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>
<PAGE>
                    PART I.  FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

          DYCO OIL AND GAS PROGRAM 1983-2 LIMITED PARTNERSHIP
                            BALANCE SHEETS
                              (Unaudited)

                                ASSETS
                                      September 30,  December 31,
                                          1996          1995
                                      -------------  ------------

CURRENT ASSETS:
  Cash and cash equivalents               $  3,577      $    314
  Accrued oil and gas sales, including
   $14,318 due from related parties
   in 1995 (Note 2)                         43,014        27,839
                                          --------      --------
     Total current assets                 $ 46,591      $ 28,153

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                     206,545       136,757

DEFERRED CHARGE                             91,611        91,611
                                          --------      --------
                                          $344,747      $256,521
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $ 52,536      $ 21,322
                                          --------      --------
     Total current liabilities            $ 52,536      $ 21,322

ACCRUED LIABILITY                           79,661        79,661

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 64 units                     2,126         1,555
  Limited Partners, issued and
   outstanding, 6,400 units                210,425       153,983
                                          --------      --------
     Total Partners' capital              $212,550      $155,538
                                          --------      --------
                                          $344,747      $256,521
                                          ========      ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -2-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1983-2 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
        FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)


                                          1996          1995
                                        --------      --------

REVENUES:
  Oil and gas sales, including
   $85,792 of sales to related
   parties in 1995 (Note 2)              $81,270       $88,795
  Interest                                    66         1,813
                                         -------       -------
                                         $81,336       $90,608

COST AND EXPENSES:
  Oil and gas production                 $31,843       $58,339
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             13,797        17,222
  General and administrative (Note 2)     12,957        12,477
                                         -------       -------
                                         $58,597       $88,038
                                         -------       -------

NET INCOME                               $22,739       $ 2,570 
                                         =======       =======
GENERAL PARTNER (1%) - net        
  income                                 $   227       $    26 
                                         =======       =======
LIMITED PARTNERS (99%) - net
  income                                 $22,512       $ 2,544 
                                         =======       =======
NET INCOME PER UNIT                      $  3.52       $   .40 
                                         =======       =======
UNITS OUTSTANDING                          6,464         6,464
                                         =======       =======


               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -3-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1983-2 LIMITED PARTNERSHIP
                       STATEMENTS OF OPERATIONS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)


                                           1996         1995
                                         --------     --------

REVENUES:
  Oil and gas sales, including
   $138,964 of sales to related
   parties in 1995 (Note 2)              $219,119     $248,797
  Interest                                     70        5,099
                                         --------     --------
                                         $219,189     $253,896

COST AND EXPENSES:
  Oil and gas production                 $ 83,684     $122,932
  Depreciation, depletion, and
   amortization of oil and gas
   properties                              31,219       48,708
  General and administrative (Note 2)      47,274       47,592
                                         --------     --------
                                         $162,177     $219,232
                                         --------     --------

NET INCOME                               $ 57,012     $ 34,664 
                                         ========     ========
GENERAL PARTNER (1%) - net        
  income                                 $    570     $    347 
                                         ========     ========
LIMITED PARTNERS (99%) - net
  income                                 $ 56,442     $ 34,317 
                                         ========     ========
NET INCOME PER UNIT                      $   8.82     $   5.36 
                                         ========     ========
UNITS OUTSTANDING                           6,464        6,464
                                         ========     ========

               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -4-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1983-2 LIMITED PARTNERSHIP
                       STATEMENTS OF CASH FLOWS
         FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND 1995
                              (Unaudited)

                                           1996         1995
                                         ---------    ---------

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                             $ 57,012     $ 34,664 
  Adjustments to reconcile net income
   to net cash provided by
   operating activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                            31,219       48,708
   (Increase) decrease in accrued oil
     and gas sales                      (  15,175)      13,283
   Increase (decrease) in accounts
     payable                               31,214    (     678)
                                         --------     -------- 
   Net cash provided by operating
     activities                          $104,270     $ 95,977
                                         --------     --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to oil and gas properties   ($101,776)    $    -   
  Retirements of oil and gas 
   properties                                 769        2,339
                                         --------     --------
   Net cash provided (used) by 
     investing activities               ($101,007)    $  2,339 
                                         --------     --------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash distributions                     $    -      ($193,920)
                                         --------     --------
   Net cash used by financing
     activities                          $    -      ($193,920)
                                         --------     --------

NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                       $  3,263    ($ 95,604)

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                         314      108,099 
                                         --------     --------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                          $  3,577     $ 12,495
                                         ========     ========


               The accompanying condensed notes are an 
             integral part of these financial statements.

                                  -5-
<PAGE>
<PAGE>
          DYCO OIL AND GAS PROGRAM 1983-2 LIMITED PARTNERSHIP
                CONDENSED NOTES TO FINANCIAL STATEMENTS
                          SEPTEMBER 30, 1996
                              (Unaudited)


1.   ACCOUNTING POLICIES
     -------------------

     The  balance  sheet  as  of  September 30,  1996,  statements  of
     operations for the three and nine months ended September 30, 1996
     and 1995, and statements of cash flows for the nine  months ended
     September  30, 1996 and 1995 have been prepared by Dyco Petroleum
     Corporation ("Dyco"), the General Partner of the Dyco Oil and Gas
     Program  1983-2  Limited  Partnership  (the  "Program"),  without
     audit.    In the  opinion  of management  all  adjustments (which
     include only normal  recurring adjustments) necessary  to present
     fairly the financial  position at September 30,  1996, results of
     operations for the three and nine months ended September 30, 1996
     and 1995  and changes  in cash  flows for  the nine months  ended
     September 30, 1996 and 1995 have been made.

     Information  and   footnote  disclosures  normally   included  in
     financial  statements  prepared  in  accordance   with  generally
     accepted accounting principles  have been  condensed or  omitted.
     It  is  suggested  that these  financial  statements  be  read in
     conjunction  with  the  financial  statements  and notes  thereto
     included in the Program's Annual Report on Form 10-K for the year
     ended  December  31, 1995.   The  results  of operations  for the
     period ended September 30, 1996 are not necessarily indicative of
     the results to be expected for the full year.  

     The limited partners' net income  or loss per unit is based  upon
     each $5,000 initial capital contribution.

     OIL AND GAS PROPERTIES
     ----------------------

     Oil  and gas  operations are  accounted for  using the  full cost
     method  of accounting.  All productive  and  non-productive costs
     associated  with the acquisition,  exploration and development of
     oil  and  gas  reserves  are  capitalized.    In  the  event  the
     unamortized  cost  of  oil  and gas  properties  being  amortized
     exceeds the full cost  ceiling (as defined by the  Securities and
     Exchange Commission),  the excess  is charged  to expense  in the
     period during which such  excess occurs.  Sales  and abandonments
     of  properties are  accounted for  as adjustments  of capitalized
     costs  with no gain  or loss recognized,  unless such adjustments
     would  significantly alter  the relationship  between capitalized
     costs and proved oil and gas reserves.

     The provision for  depreciation, depletion,  and amortization  of
     oil and gas properties is calculated  by dividing the oil and gas
     sales  dollars  during the  year  by the  estimated  future gross
     income from the oil and gas properties and applying the resulting
     rate  to the net remaining  costs of oil  and gas properties that
     have been capitalized, plus estimated future development costs.

                                  -6-
<PAGE>
<PAGE>
2.   TRANSACTIONS WITH RELATED PARTIES
     ---------------------------------

     Under the terms  of the Program's partnership  agreement, Dyco is
     entitled to receive a reimbursement  for all direct expenses  and
     general and administrative,  geological and engineering  expenses
     it incurs  on behalf  of the  Program.  During  the three  months
     ended September 30,  1996 and 1995 such  expenses totaled $12,957
     and $12,477, respectively, of which $10,791 and $10,791 were paid
     to  Dyco.  During  the nine months  ended September  30, 1996 and
     1995 such expenses totaled  $47,274 and $47,592, respectively, of
     which $32,373 and $32,373 were paid to Dyco.

     Affiliates of the  Program are  the operators of  certain of  the
     Program's  properties and their policy is to bill the Program for
     all customary  charges and  cost  reimbursements associated  with
     their  activities,   together   with  any   compressor   rentals,
     consulting, or other services provided.

     The  Program sold  gas at  market prices  to Premier  Gas Company
     ("Premier")  and Premier then resold such gas to third parties at
     market prices.   Premier was  an affiliate of  the Program  until
     December  6, 1995.  During  the three months  ended September 30,
     1995 these sales totaled  $85,792.  During the nine  months ended
     September 30, 1995 these sales totaled $138,964.  At December 31,
     1995, accrued gas sales included $14,318 due from Premier.

                                  -7-
<PAGE>
<PAGE>
ITEM 2.   MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
          AND RESULTS OF OPERATIONS


LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

     Net  proceeds  from  the  Program's  operations  less   necessary
     operating  capital are  distributed to  investors on  a quarterly
     basis.   The net proceeds  from production are  not reinvested in
     productive assets, except to the extent that producing  wells are
     improved,  or where methods are employed to permit more efficient
     recovery of  the  Program's  reserves which  would  result  in  a
     positive  economic impact.    Over the  last  several years,  the
     domestic  energy industry  and  the Program  have contended  with
     volatile, but generally low,  oil and gas prices.  Over  the past
     few years,  the oil and  gas market  appears to  have moved  from
     periods  of relative  stability in  supply and  demand to  excess
     supply  or weakened  demand.    These  trends  have  led  to  the
     volatility in pricing and demand noted over the past years.

     The Program's available capital from subscriptions has been spent
     on  oil and  gas drilling activities.   There  should not  be any
     further material capital resource commitments in the future.  The
     Program  has  no bank  debt  commitments.   Cash  for operational
     purposes will be provided by current oil and gas production.

RESULTS OF OPERATIONS
----------------------

     THREE  MONTHS ENDED SEPTEMBER 30,  1996 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                   Three months ended September 30,
                                   --------------------------------
                                          1996            1995
                                         -------         -------
      Oil and gas sales                  $81,270         $88,795
      Oil and gas production expenses    $31,843         $58,339
      Barrels produced                       277             239
      Mcf produced                        40,111          60,878
      Average price/Bbl                  $ 19.25         $ 12.57
      Average price/Mcf                  $  1.89         $  1.41

     As shown  in the table above, oil  and gas sales decreased $7,525
     (8.5%)  for the three months ended September 30, 1996 as compared
     to the three  months ended September 30, 1995.  Of this decrease,
     $39,250 was related to the decrease in the volumes of natural gas
     sold,  partially  offset by  a  $30,818 increase  related  to the
     increases  in the  average prices  of oil  and natural  gas sold.
     Volumes of oil  sold increased  by 38 barrels,  while volumes  of
     natural gas sold  decreased by  20,767 Mcf for  the three  months
     ended  September 30, 1996 as  compared to the  three months ended
     September 30, 1995.  The increase in volumes of oil sold resulted
     primarily from one well that began producing oil during the three
     months ended  September 30, 1996  due to  a recent  recompletion.
     The  decrease  in  the  volumes  of  natural  gas  sold  resulted
     primarily  from positive  prior  period adjustments  made by  the
     purchaser  during  the  three  months ended  September  30,  1995
     related  to  two  wells.   Average  oil  and  natural gas  prices
     increased to  $19.25 per barrel and $1.89  per Mcf, respectively,

                                  -8-
<PAGE>
<PAGE>
     for the three  months ended  September 30, 1996  from $12.57  per
     barrel  and $1.41  per  Mcf, respectively,  for the  three months
     ended September 30, 1995.
  
     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and  production taxes)  decreased $26,496 for  the three
     months ended September 30,  1996 as compared to the  three months
     ended September  30, 1995.  This decrease resulted primarily from
     (i) the decrease in  the volumes of natural  gas sold during  the
     three  months ended September 30,  1996 as compared  to the three
     months  ended  September  30,  1995 and  (ii)  workover  expenses
     incurred  on one well during the three months ended September 30,
     1995  in  order  to improve  the  recovery  of  reserves.   As  a
     percentage  of oil  and gas  sales, these  expenses decreased  to
     39.2%  for the three months  ended September 30,  1996 from 65.7%
     for the three months  ended September 30, 1995.   This percentage
     decrease was primarily a  result of the increases in  the average
     prices of oil and natural gas sold during the three months  ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30, 1995.  

     Depreciation,  depletion,   and  amortization  of   oil  and  gas
     properties decreased $3,425 for  the three months ended September
     30,  1996 as  compared to  the three  months ended  September 30,
     1995.  This  decrease was primarily the result of the decrease in
     the volumes of  natural gas  sold during the  three months  ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September  30, 1995.  As a percentage  of oil and gas sales, this
     expense  decreased to 17.0% for the  three months ended September
     30,  1996 from  19.4% for  the three  months ended  September 30,
     1995.    This percentage  decrease  resulted  primarily from  the
     increases  in  the average  prices of  oil  and natural  gas sold
     during the three months  ended September 30, 1996 as  compared to
     the three months ended September 30, 1995.  

     General and administrative expenses  increased $480 for the three
     months ended September 30,  1996 as compared to the  three months
     ended September 30, 1995.  This increase  was primarily due to an
     increase  in  professional fees  during  the  three months  ended
     September  30,  1996  as  compared  to  the  three  months  ended
     September 30, 1995.  As a  percentage of oil and gas sales, these
     expenses  remained relatively  constant  at 15.9%  for the  three
     months  ended September  30, 1996  as compared  to 14.1%  for the
     three months ended September 30, 1995.  

     NINE  MONTHS ENDED  SEPTEMBER 30,  1996 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1995.

                                    Nine months ended September 30,
                                    -------------------------------
                                          1996            1995
                                        --------        --------
      Oil and gas sales                 $219,119        $248,797
      Oil and gas production expenses   $ 83,684        $122,932
      Barrels produced                       664             704
      Mcf produced                       110,244         176,817
      Average price/Bbl                 $  18.24        $  14.18
      Average price/Mcf                 $   1.88        $   1.35

     As shown in the table above, oil  and gas sales decreased $29,678
     (11.9%)  for the nine months ended September 30, 1996 as compared


                                  -9-
<PAGE>
<PAGE>
     to the  nine months ended September 30,  1995.  Of this decrease,
     $125,157  was related to the  decrease in the  volumes of natural
     gas sold, partially offset by $96,571 related to the increases in
     the  average prices of oil and natural  gas sold.  Volumes of oil
     and  natural gas  sold decreased  by 40  barrels and  66,573 Mcf,
     respectively,  for the nine  months ended  September 30,  1996 as
     compared  to the  nine  months ended  September  30, 1995.    The
     decrease in  the volumes of  natural gas sold  resulted primarily
     from a  positive prior  period adjustment  made by  the purchaser
     during  the nine months ended  September 30, 1995  related to one
     well.  Average oil and natural gas prices increased to $18.24 per
     barrel and $1.88 per Mcf, respectively, for the nine months ended
     September  30, 1996  from $14.18  per barrel  and $1.35  per Mcf,
     respectively, for the nine months ended September 30, 1995.  

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $39,248 for  the nine
     months  ended September 30, 1996  as compared to  the nine months
     ended September 30, 1995.  This  decrease resulted primarily from
     (i) the decrease in  the volumes of natural  gas sold during  the
     nine  months ended  September 30,  1996 as  compared to  the nine
     months  ended  September  30,  1995 and  (ii)  workover  expenses
     incurred on one well  during the nine months ended  September 30,
     1995  in  order  to improve  the  recovery  of  reserves.   As  a
     percentage  of oil and gas sales, this expense decreased to 38.2%
     for the nine months ended September 30, 1996 as compared to 49.4%
     for  the nine months ended  September 30, 1995.   This percentage
     decrease was primarily a  result of the increases in  the average
     prices of oil  and natural gas sold during  the nine months ended
     September 30, 1996 as compared to the nine months ended September
     30, 1995.

     Depreciation,  depletion,  and  amortization   of  oil  and   gas
     properties decreased $17,489 for  the nine months ended September
     30, 1996 as compared to the nine months ended September 30, 1995.
     This  decrease was primarily the  result of the  decreases in the
     volumes of oil and natural gas  sold during the nine months ended
     September 30, 1996 as compared to the nine months ended September
     30,  1995.  As  a percentage of  oil and gas  sales, this expense
     decreased to 14.2% for  the nine months ended September  30, 1996
     from 19.6%  for the nine months  ended September 30,  1995.  This
     percentage decrease resulted primarily  from the increases in the
     average prices of oil and natural gas sold during the nine months
     ended September 30,  1996 as  compared to the  nine months  ended
     September 30, 1995.  

     General and administrative  expenses remained relatively constant
     for the nine  months ended September 30, 1996 as  compared to the
     nine months ended September 30, 1995.  As a percentage of oil and
     gas  sales, these expenses increased to 21.6% for the nine months
     ended September 30,  1996 from  19.1% for the  nine months  ended
     September 30, 1995.   This percentage increase resulted primarily
     from the  decrease in  the volumes  of oil  and natural gas  sold
     during  the nine months ended  September 30, 1996  as compared to
     the nine months  ended September  30, 1995,  partially offset  by
     increases  in  the average  prices of  oil  and natural  gas sold
     during  the nine months ended  September 30, 1996  as compared to
     the nine months ended September 30, 1995.

                                 -10-
<PAGE>
<PAGE>
                      PART II:  OTHER INFORMATION


ITEM 5. OTHER INFORMATION

     On  October 1, 1996,  Drew Phillips  resigned as  Chief Financial
     Officer  of  Dyco.    Mr.  Phillips  continues  to  serve  as  an
     accounting officer of affiliates of Dyco.

     On October 1, 1996,  Patrick M. Hall was elected  Chief Financial
     Officer  of   Dyco.    Mr.   Hall  joined   affiliates  of   Dyco
     (collectively, the "Samson Companies") in 1983.  Prior to joining
     the Samson Companies he was a senior accountant with Peat Marwick
     Main & Co. in  Tulsa.  He holds a  Bachelor of Science degree  in
     accounting  from Oklahoma  State  University and  is a  Certified
     Public  Accountant.   Mr. Hall  is also  Senior Vice  President -
     Controller of Samson Investment Company.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits:

          27.1      Financial   Data   Schedule   containing   summary
                    financial information extracted from the Program's
                    financial statements  as of September 30, 1996 and
                    for the  nine  months ended  September  30,  1996,
                    filed herewith.

                    All other exhibits are omitted as inapplicable.

     (b)  Reports on Form 8-K

          Current  Report on  Form 8-K filed  during third  quarter of
          1996:

          Date of event:           July 1, 1996
          Date filed with SEC:     July 8, 1996
          Item Included:
               Item 5 - Other Events


                                 -11-
<PAGE>
<PAGE>
                              SIGNATURES


Pursuant to the requirements  of the Securities Exchange Act  of 1934,
the Registrant has duly caused this  report to be signed on its behalf
by the undersigned, thereunto duly authorized.


                         DYCO OIL AND GAS PROGRAM 1983-2 LIMITED
                         PARTNERSHIP

                              (Registrant)


                              By:  DYCO PETROLEUM CORPORATION

                                   General Partner




Date:  October 29, 1996       By:        /s/Dennis R. Neill
                                 --------------------------------
                                        (Signature)
                                        Dennis R. Neill
                                        President



Date:  October 29, 1996       By:        /s/Patrick M. Hall
                                 -------------------------------
                                        (Signature)
                                        Patrick M. Hall
                                        Chief Financial Officer



                                 -12-
<PAGE>
<PAGE>
                           INDEX TO EXHIBITS
                           -----------------


NUMBER    DESCRIPTION
------    -----------

27.1      Financial   Data   Schedule  containing   summary  financial
          information  extracted from  the  Dyco Oil  and Gas  Program
          1983-2  Limited Partnership's  financial  statements  as  of
          September  30, 1996 and for the  nine months ended September
          30, 1996, filed herewith.

          All other exhibits are omitted as inapplicable.
<PAGE>