<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, 1997                 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,
                                          1997          1996
                                      -------------  ------------

CURRENT ASSETS:
  Cash and cash equivalents               $ 54,117      $ 22,434
  Accounts Receivable - General 
   Partner (Note 2)                            -          18,220
  Accrued oil and gas sales                 37,284        66,746
                                          --------      --------
     Total current assets                 $ 91,401      $107,400

NET OIL AND GAS PROPERTIES, utilizing
  the full cost method                     178,405       202,453

DEFERRED CHARGE                             84,611        84,611
                                          --------      --------
                                          $354,417      $394,464
                                          ========      ========

                   LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
  Accounts payable                        $  9,166      $  8,458
  Accounts payable - General
   Partner (Note 2)                            -          45,000
  Gas imbalance payable                     14,637        14,637
                                          --------      --------
     Total current liabilities            $ 23,803      $ 68,095

ACCRUED LIABILITY                           63,366        63,366

PARTNERS' CAPITAL:
  General Partner, issued and
   outstanding, 64 units                     2,672         2,630
  Limited Partners, issued and
   outstanding, 6,400 units                264,576       260,373
                                          --------      --------
     Total Partners' capital              $267,248      $263,003
                                          --------      --------
                                          $354,417      $394,464
                                          ========      ========

               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, 1997 AND 1996
                              (Unaudited)


                                          1997          1996
                                        --------      --------

REVENUES:
  Oil and gas sales                      $49,864       $81,270
  Interest                                   451            66
                                         -------       -------
                                         $50,315       $81,336

COST AND EXPENSES:
  Oil and gas production                 $28,354       $31,843
  Depreciation, depletion, and
   amortization of oil and gas
   properties                              4,106        13,797
  General and administrative (Note 2)     13,760        12,957
                                         -------       -------
                                         $46,220       $58,597
                                         -------       -------

NET INCOME                               $ 4,095       $22,739 
                                         =======       =======
GENERAL PARTNER (1%) - net        
  income                                 $    41       $   227 
                                         =======       =======
LIMITED PARTNERS (99%) - net
  income                                 $ 4,054       $22,512 
                                         =======       =======
NET INCOME PER UNIT                      $   .63       $  3.52 
                                         =======       =======
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, 1997 AND 1996
                              (Unaudited)


                                          1997          1996
                                        --------      --------

REVENUES:
  Oil and gas sales                     $174,820      $219,119
  Interest                                 1,022            70
                                        --------      --------
                                        $175,842      $219,189

COST AND EXPENSES:
  Oil and gas production                $101,208      $ 83,684
  Depreciation, depletion, and
   amortization of oil and gas
   properties                             19,765        31,219
  General and administrative (Note 2)     50,624        47,274
                                        --------      --------
                                        $171,597      $162,177
                                        --------      --------

NET INCOME                              $  4,245      $ 57,012 
                                        ========      ========
GENERAL PARTNER (1%) - net        
  income                                $     42      $    570 
                                        ========      ========
LIMITED PARTNERS (99%) - net
  income                                $  4,203      $ 56,442 
                                        ========      ========
NET INCOME PER UNIT                     $    .66      $   8.82 
                                        ========      ========
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, 1997 AND 1996
                              (Unaudited)

                                           1997         1996
                                         ---------    ---------
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                              $ 4,245      $ 57,012 
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
   Depreciation, depletion, and 
     amortization of oil and gas
     properties                            19,765        31,219
   (Increase) decrease in accrued oil
     and gas sales                         29,462     (  15,175)
   Decrease in accounts receivable -
     General Partner                       18,220           -
   Increase in accounts payable               708        31,214 
   Decrease in accounts payable -
     General Partner                     ( 45,000)          -
                                          -------      -------- 
   Net cash provided by operating
     activities                           $27,400      $104,270
                                          -------      --------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds from the sale of oil and
   gas properties                         $ 4,777      $    769
  Additions to oil and gas properties    (    494)    ( 101,776)
                                          -------      --------
   Net cash provided (used) by 
     investing activities                 $ 4,283     ($101,007)
                                          -------      --------

CASH FLOWS FROM FINANCING ACTIVITIES:

   Net cash used by financing
     activities                           $   -        $    -   
                                          -------      --------

NET INCREASE IN CASH AND CASH
  EQUIVALENTS                             $31,683      $  3,263 

CASH AND CASH EQUIVALENTS AT 
  BEGINNING OF PERIOD                      22,434           314 
                                          -------      --------
CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                           $54,117      $  3,577
                                          =======      ========

               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, 1997
                              (Unaudited)


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

     The  balance  sheet  as  of  September 30,  1997,  statements  of
     operations for the three and nine months ended September 30, 1997
     and 1996, and statements of cash flows for the nine  months ended
     September  30, 1997 and 1996 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,  1997, results of
     operations for the three and nine months ended September 30, 1997
     and 1996  and changes  in cash  flows for  the nine months  ended
     September 30, 1997 and 1996 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, 1996.   The  results  of operations  for the
     period ended September 30, 1997 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.   The Program's calculation
     of depreciation, depletion,  and amortization includes  estimated
     future expenditures to be  incurred in developing proved reserves
     and   estimated  dismantlement  and  abandonment  costs,  net  of
     estimated salvage values.   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  period 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,  1997 and 1996 such  expenses totaled $13,760
     and $12,957, respectively, of which $10,791  was paid each period
     to  Dyco  and  its affiliates.    During  the  nine months  ended
     September 30,  1997 and  1996 such expenses  totaled $50,624  and
     $47,274,  respectively, of which $32,373  was paid each period to
     Dyco and its affiliates.

     Affiliates  of  the  Program  operate certain  of  the  Program's
     properties.   Their  policy  is  to  bill  the  Program  for  all
     customary charges and  cost reimbursements associated with  these
     activities.

     The  receivable from  the General  Partner  at December  31, 1996
     represents  proceeds due to  the Program for the  sale of oil and
     gas properties.  During the first quarter of 1997 such receivable
     was collected by the Program.

     The Program had  a payable due to Dyco as  the General Partner of
     $45,000  at December 31, 1996 included in accounts payable.  This
     payable represented an  advance made by  the General Partner  for
     working  capital needs.   During  the first  quarter of  1997 the
     Program repaid this liability.

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


USE OF FORWARD-LOOKING STATEMENTS AND ESTIMATES
-----------------------------------------------

     This   Quarterly   Report   contains    certain   forward-looking
     statements.  The words "anticipate," "believe," "expect," "plan,"
     "intend,"  "estimate,"  "project,"  "could," "may,"  and  similar
     expressions are intended to identify  forward-looking statements.
     Such  statements reflect management's  current views with respect
     to  future  events and  financial  performance.   This  Quarterly
     Report also includes certain information,  which is, or is  based
     upon, estimates and assumptions.   Such estimates and assumptions
     are management's efforts to  accurately reflect the condition and
     operation of the Program.

     Use  of forward-looking statements  and estimates and assumptions
     involve  risks  and  uncertainties  which include,  but  are  not
     limited to, the volatility of oil and gas prices, the uncertainty
     of reserve  information, the  operating risk associated  with oil
     and gas properties (including the risk of personal injury, death,
     property  damage,  damage to  the  well  or producing  reservoir,
     environmental  contamination,  and  other operating  risks),  the
     prospect of  changing tax  and regulatory laws,  the availability
     and  capacity of  processing and  transportation facilities,  the
     general economic climate, the supply and price of foreign imports
     of  oil and  gas, the level  of consumer product  demand, and the
     price  and availability of alternative fuels.  Should one or more
     of  these risks  or uncertainties  occur or  should estimates  or
     underlying  assumptions  prove  incorrect,  actual  conditions or
     results  may vary  materially  and adversely  from those  stated,
     anticipated, believed, estimated, or otherwise indicated.


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.

                                  -8-
<PAGE>
<PAGE>
     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
----------------------

     GENERAL DISCUSSION

     The following  general discussion  should be read  in conjunction
     with the analysis of  results of operations provided below.   The
     most important  variable affecting the Program's  revenues is the
     prices received for  the sale of oil and gas.   Predicting future
     prices is very difficult.  Substantially all of the Program's gas
     reserves are being sold in the "spot market".  Prices on the spot
     market  are  subject  to   wide  seasonal  and  regional  pricing
     fluctuations due to  the highly  competitive nature  of the  spot
     market.  In addition, such spot market sales are generally short-
     term  in  nature   and  are  dependent  upon  the   obtaining  of
     transportation  services provided  by  pipelines.   Management is
     unable  to predict  whether future  oil and  gas prices  will (i)
     stabilize, (ii) increase, or (iii) decrease.

     THREE  MONTHS ENDED SEPTEMBER 30,  1997 AS COMPARED  TO THE THREE
     MONTHS ENDED SEPTEMBER 30, 1996.

                                   Three Months Ended September 30,
                                   --------------------------------
                                          1997            1996
                                         -------         -------
      Oil and gas sales                  $49,864         $81,270
      Oil and gas production expenses    $28,354         $31,843
      Barrels produced                       296             277
      Mcf produced                        20,787          40,111
      Average price/Bbl                  $ 19.62         $ 19.25
      Average price/Mcf                  $  2.12         $  1.89

                                  -9-
<PAGE>
<PAGE>
     As  shown in the table  above, total oil  and gas sales decreased
     $31,406  (38.6%) for the three months ended September 30, 1997 as
     compared to the  three months ended September 30, 1996.   Of this
     decrease, approximately $37,000 was related  to a decrease in the
     volumes  of gas  sold, partially  offset by  approximately $5,000
     related to an increase in the average price of gas sold.  Volumes
     of oil  sold increased by 19  barrels, while volumes  of gas sold
     decreased  by 19,324 Mcf for the three months ended September 30,
     1997  as compared to the  three months ended  September 30, 1996.
     The decrease in the  volumes of gas sold resulted  primarily from
     (i)  normal declines in production due to diminished gas reserves
     on three  wells  and  (ii) the  sale  of one  well  during  1996.
     Average oil and  gas prices  increased to $19.62  per barrel  and
     $2.12 per Mcf, respectively, for the three months ended September
     30,  1997 from $19.25 per barrel and $1.89 per Mcf, respectively,
     for the three months ended September 30, 1996.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses  and production  taxes) decreased  $3,489 (11%)  for the
     three  months ended September 30,  1997 as compared  to the three
     months  ended  September  30,   1996.    This  decrease  resulted
     primarily from  the decrease  in volumes  of gas  sold, partially
     offset by an increase in general repair  and maintenance expenses
     on two wells  during the three months ended September 30, 1997 as
     compared to  the three  months ended  September 30,  1996.   As a
     percentage  of oil  and gas  sales, these  expenses increased  to
     56.9%  for the three months  ended September 30,  1997 from 39.2%
     for the three months  ended September 30, 1996.   This percentage
     increase  was primarily due to the increase in general repair and
     maintenance expenses discussed above.

     Depreciation,  depletion,  and  amortization   of  oil  and   gas
     properties decreased  $9,691 (70.2%)  for the three  months ended
     September  30,  1997  as  compared  to  the  three  months  ended
     September  30, 1996.  This decrease  resulted primarily  from the
     decrease in volumes  of gas  sold during the  three months  ended
     September  30,  1997  as  compared  to  the  three  months  ended
     September 30, 1996.  As  a percentage of oil and gas  sales, this
     expense decreased to  8.2% for the  three months ended  September
     30,  1997 from  17.0% for  the three  months ended  September 30,
     1996.    This  percentage  decrease  was  primarily  due  to  the
     increases in  the average prices of  oil and gas sold  during the
     three  months ended September 30,  1997 as compared  to the three
     months ended September 30, 1996.

                                 -10-
<PAGE>
<PAGE>
 
     General and administrative expenses increased $803 (6.2%) for the
     three  months ended September 30,  1997 as compared  to the three
     months  ended  September  30,   1996.    This  increase  resulted
     primarily  from increases  in both  computer consulting  fees and
     computer  upgrades during  the three  months ended  September 30,
     1997  as compared to the  three months ended  September 30, 1996.
     As a percentage of oil and gas sales, these expenses increased to
     27.6%  for the three months  ended September 30,  1997 from 15.9%
     for the three months  ended September 30, 1996.   This percentage
     increase was primarily due to  the decrease in oil and gas  sales
     discussed above.

     NINE  MONTHS ENDED  SEPTEMBER 30,  1997 AS  COMPARED TO  THE NINE
     MONTHS ENDED SEPTEMBER 30, 1996.

                                    Nine Months Ended September 30,
                                    -------------------------------
                                          1997            1996
                                        --------        --------
      Oil and gas sales                 $174,820        $219,119
      Oil and gas production expenses   $101,208        $ 83,684
      Barrels produced                     1,117             664
      Mcf produced                        73,114         110,244
      Average price/Bbl                 $  20.29        $  18.24
      Average price/Mcf                 $   2.08        $   1.88

     As shown  in the table  above, total oil and  gas sales decreased
     $44,299 (20.2%) for the  nine months ended September 30,  1997 as
     compared to  the nine months ended  September 30, 1996.   Of this
     decrease, approximately $70,000  was related to a decrease in the
     volumes   of  gas   sold,  partially   offset  by   increases  of
     approximately  $8,000  and  $15,000,  respectively,   related  to
     increases in the average prices of oil and gas sold.   Volumes of
     oil  sold increased  by 453  barrels, while  volumes of  gas sold
     decreased by 37,130 Mcf  for the nine months ended  September 30,
     1997 as compared  to the  nine months ended  September 30,  1996.
     The increase in volumes  of oil sold resulted primarily  from the
     shutting-in  of one well  during the nine  months ended September
     30,  1996 to  perform  a recompletion  in  order to  improve  the
     recovery of  reserves.  The decrease  in the volumes  of gas sold
     resulted primarily from (i) normal declines in  production due to
     diminished gas reserves  on three wells and (ii) the  sale of one
     well during 1996.  Average oil and gas prices increased to $20.29
     per barrel and $2.08  per Mcf, respectively, for the  nine months
     ended September 30,  1997 from  $18.24 per barrel  and $1.88  per
     Mcf, respectively, for the nine months ended September 30, 1996.

     Oil  and  gas  production  expenses  (including  lease  operating
     expenses and production taxes)  increased $17,524 (20.9%) for the
     nine  months ended  September 30,  1997 as  compared to  the nine
     months  ended  September  30,   1996.    This  increase  resulted
     primarily from workover expenses incurred on two wells during the
     nine  months ended  September 30,  1997 in  order to  improve the
     recovery  of reserves.   As a  percentage of  oil and  gas sales,
     these  expenses increased  to  57.9% for  the  nine months  ended
     September 30, 1997 from 38.2% for the nine months ended September
     30,  1996.   This percentage  increase was  primarily due  to the
     dollar increase in production expenses discussed above, partially
     offset  by the increases  in the   average prices of  oil and gas
     sold  during the nine months ended September 30, 1997 as compared

                                 -11-
<PAGE>
<PAGE>
     to the nine months ended September 30, 1996.

     Depreciation,  depletion,  and   amortization  of  oil   and  gas
     properties decreased  $11,454 (36.7%)  for the nine  months ended
     September 30, 1997 as compared to the nine months ended September
     30, 1996. This decrease resulted  primarily from the decrease  in
     volumes  of gas sold during  the nine months  ended September 30,
     1997 as compared to the nine months ended September 30, 1996.  As
     a  percentage of  oil and  gas sales,  this expense  decreased to
     11.3% for the nine months ended September 30, 1997 from 14.2% for
     the nine  months  ended  September  30, 1996.    This  percentage
     decrease was primarily due to the increases in the average prices
     of  oil and gas sold  during the nine  months ended September 30,
     1997 as compared to the nine months ended September 30, 1996.
 
     General and  administrative expenses increased $3,350  (7.1%) for
     the nine months ended September 30, 1997 as compared  to the nine
     months  ended  September  30,   1996.    This  increase  resulted
     primarily  from increases  in both  computer consulting  fees and
     computer  upgrades, which  increases were  partially offset  by a
     decrease  in  postage  expenses  during  the  nine  months  ended
     September 30, 1997 as compared to the nine months ended September
     30, 1996.   As a percentage of oil and  gas sales, these expenses
     increased to 29%  for the  nine months ended  September 30,  1997
     from 21.6% for  the nine months ended  September 30, 1996.   This
     percentage  increase was primarily due to the decrease in oil and
     gas sales discussed above.

                                 -12-
<PAGE>
<PAGE>
                      PART II:  OTHER INFORMATION


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, 1997 and
                    for  the  nine months  ended  September  30, 1997,
                    filed herewith.

                    All other exhibits are omitted as inapplicable.

     (b)  Reports on Form 8-K

          None.

                                 -13-
<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:  November 5, 1997      By:        /s/Dennis R. Neill
                                 --------------------------------
                                        (Signature)
                                        Dennis R. Neill
                                        President



Date:  November 5, 1997      By:        /s/Patrick M. Hall
                                 -------------------------------
                                        (Signature)
                                        Patrick M. Hall
                                        Chief Financial Officer

                                 -14-
<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, 1997 and for the  nine months ended September
          30, 1997, filed herewith.

          All other exhibits are omitted as inapplicable.

                                 -14-
<PAGE>