FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

(Mark One)

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarterly period ended March 31, 2003

                                       OR

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                          Commission file number 0-9392


                                CLX ENERGY, INC.
             (Exact name of registrant as specified in its charter)


            Colorado                               84-0749623
            --------                               ----------
(State or other jurisdiction of                 (I.R.S. employer
 incorporation or organization)              identification number)


518 17th Street, Suite 745, Denver, Colorado                   80202
  (Address of principal executive offices)                   (Zip Code)


Registrant's telephone number, including area code:  (303) 825-7080

Indicate by check mark whether the issuer (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
                                         ---     ---

Indicate the number of shares outstanding of each of the issuer's class of
common stock, as of the latest practicable date.

As of May 2, 2003, there were 2,631,936 shares of the Registrant's sole class of
Common Stock outstanding.


Transitional Small Business Disclosure Format    Yes      No  X
                                                     ---     ---


<PAGE>
                                CLX ENERGY, INC.
                                      INDEX


PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS

    Independent Accountants' Report                                       3

    Condensed Balance Sheet
      March 31, 2003                                                      4

    Condensed Statements of Operations
      Six Months and Three Months Ended March 31, 2003 and 2002           5

    Condensed Statement of Stockholders' Equity
      Six Months Ended March 31, 2003                                     6

    Condensed Statements of Cash Flows
      Six Months Ended March 31, 2003 and 2002                            7

    Notes to Condensed Financial Statements
      Six Months Ended March 31, 2003 and 2002                            8

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS                            10


PART II - OTHER INFORMATION                                              12


                                        2
<PAGE>
                         INDEPENDENT ACCOUNTANTS' REPORT



Board of Directors
CLX Energy, Inc.

We have reviewed the accompanying condensed balance sheet of CLX Energy, Inc. as
of March 31, 2003, the related condensed statements of operations for the
six-month and three-month periods ended March 31, 2003 and 2002, condensed
statement of stockholders' equity for the six-month period ended March 31, 2003,
and condensed statement of cash flows for the six-month periods ended March 31,
2003 and 2002. These condensed financial statements are the responsibility of
the Company's management.

We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with auditing standards generally accepted in the United States of
America, the objective of which is the expression of an opinion regarding the
financial statements taken as a whole. Accordingly, we do not express such an
opinion.

Based on our reviews, we are not aware of any material modifications that should
be made to the accompanying financial statements for them to be in conformity
with accounting principles generally accepted in the United States of America.


EASTON AND BARSCH
Certified Public Accountants
Lakewood, Colorado


May 7, 2003


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                             Condensed Balance Sheet
                                 March 31, 2003
                                   (Unaudited)

              Assets
              ------
<S>                                                 <C>
Current assets:
   Cash                                             $ 212,457
   Accounts receivable:
     Trade                                             67,202
     Oil and gas sales                                239,035
   Prepaid expenses                                     1,628
                                                      -------
          Total current assets                        520,322
                                                      -------
Property and equipment, at cost:
   Oil and gas properties (successful
     effort method):
       Proved                                         824,671
       Unproved                                        34,863
   Office equipment                                    16,353
                                                      -------
                                                      875,887
       Less accumulated depreciation
         and depletion                               (641,228)
                                                      --------
   Property and equipment, net                        234,659
Other assets - oil and gas bond deposit                28,355
                                                      -------
                                                    $ 783,336
                                                      =======

     Liabilities and Stockholders' Equity
     ------------------------------------
Current liabilities:
   Accounts payable:
     Trade                                          $ 184,493
     Oil and gas sales                                234,523
   Current portion of long-term debt                  120,000
   Accrued liabilities and other                        8,355
                                                      -------
          Total current liabilities                   547,371
                                                      -------
Long-term debt, less current portion                   68,857
Stockholders' equity:
   Preferred stock, $.01 par value,
      2,000,000 shares authorized,
      600,000 shares designated Series A
      $.06 cumulative convertible - no
      shares outstanding     -
   Common stock, $.01 par value,
      50,000,000 shares authorized,
      2,631,936 shares issued and
      outstanding                                      26,319
   Additional paid-in capital                         846,941
   Accumulated deficit                               (706,152)
                                                      -------
          Net stockholders' equity                    167,108
                                                      -------
                                                    $ 783,336
                                                      =======
</TABLE>

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


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                       Condensed Statements of Operations
            Six Months and Three Months Ended March 31, 2003 and 2002
                                   (Unaudited)


                                               Six Months Ended      Three Months Ended
                                                   March 31,              March 31,
                                           -----------------------  ----------------------

                                              2003         2002        2003        2002
                                           -----------  ----------  ----------  ----------
<S>                                        <C>          <C>         <C>         <C>
Revenues:
   Oil and gas sales                       $  179,895     139,226     116,988      68,557
   Management fees                             27,373      32,611      13,949      18,567
                                           -----------  ----------  ----------  ----------
     Total revenue                            207,268     171,837     130,937      87,124
                                           -----------  ----------  ----------  ----------

Operating expenses:
   Lease operating and
    production taxes                           70,070     131,286      31,947      48,564
   Lease rentals                                   68       1,058          68         100
   Dry holes and abandoned leases              10,268       1,542       1,518         125
   Depreciation and depletion                  26,292      40,529      13,890      19,521
   General and administrative                  84,639     106,019      38,522      48,395
                                          ------------  ----------  ----------  ----------
     Total operating costs and
      expenses                                191,337     280,434      85,945     116,705
                                          ------------  ----------  ----------  ----------

     Operating income (loss)                   15,931    (108,597)     44,992     (29,581)
                                          ------------  ----------  ----------  ----------

Other income (expenses):
   Interest income                              2,172       5,220         938       2,181
   Interest expense                            (5,048)    (12,981)     (2,301)     (5,864)
                                          ------------  ----------  ----------  ----------
     Other income (expenses)                   (2,876)     (7,761)     (1,363)     (3,683)
                                          ------------  ----------  ----------  ----------

Income (loss) before
 income taxes                                  13,055    (116,358)     43,629     (33,264)

Income tax benefit                                  -       6,200           -       1,700
                                          ------------  ----------  ----------  ----------

Net income (loss)                          $   13,055    (110,158)     43,629     (31,564)
                                          ============  ==========  ==========  ==========

Net income (loss) per
 common share:
   Basic                                   $      .00    (    .04)        .02    (    .01)
                                           ===========  ==========  ==========  ==========
   Diluted                                 $      .00    (    .04)        .02    (    .01)
                                           ===========  ==========  ==========  ==========

Weighted average number of
   common shares outstanding:
     Basic                                  2,631,936   2,631,936   2,631,936   2,631,936
                                           ===========  ==========  ==========  ==========
     Diluted                                2,631,936   2,631,936   2,631,936   2,631,936
                                           ===========  ==========  ==========  ==========
</TABLE>

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


                                        5
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                   Condensed Statement of Stockholders' Equity
                         Six Months Ended March 31, 2003
                                   (Unaudited)


                                          Additional
                           Common Stock     Paid-in  Accumulated
                         Shares    Amount   Capital    Deficit
                        ---------  -------  -------   ---------
<S>                     <C>        <C>      <C>       <C>
Balances,
  October 1, 2002       2,631,936  $26,319  846,941   (719,207)

Net income                      -        -        -     13,055
                        ---------  -------  -------   ---------
Balances,
  March 31, 2003        2,631,936  $26,319  846,941   (706,152)
                        =========  =======  =======   =========
</TABLE>


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


                                        6
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                       Condensed Statements of Cash Flows
                    Six Months Ended March 31, 2003 and 2002
                                   (Unaudited)


                                                    Six Months Ended
                                                        March 31,
                                                 ---------------------
                                                    2003       2002
                                                 ----------  ---------
<S>                                              <C>         <C>
Cash flows from operating activities:
 Net income (loss)                               $  13,055   (110,158)
                                                 ----------  ---------
 Adjustments to reconcile net loss to net
  cash used in operating activities:
    Depreciation and depletion                      26,292     40,529
    (Increase) decrease in accounts receivable    (133,201)   474,348
    (Increase) decrease in prepaid
       expense and other                             2,452     (9,130)
    Increase (decrease) in accounts payable         57,578   (499,904)
    Increase (decrease) in accrued
      liabilities and other                              -     (7,500)
                                                 ----------  ---------

      Total adjustments                            (46,879)    (1,657)
                                                 ----------  ---------
        Net cash used in
          operating activities                     (33,824)  (111,815)
                                                 ----------  ---------

Cash flows from investing activities:

 Purchase of property and equipment                (13,384)    (9,833)
 Addition to other assets                             (400)      (478)
                                                 ----------  ---------
      Net cash used in
        investing activities                       (13,784)   (10,311)
                                                 ----------  ---------

Cash flows from financing activities:
 Reductions to long-term debt                      (54,000)   (60,000)
                                                 ----------  ---------
      Net cash used in
        financing activities                       (54,000)   (60,000)
                                                 ----------  ---------

      Net increase (decrease) in cash             (101,608)  (182,126)

Cash, beginning of period                          314,065    537,344
                                                 ----------  ---------

Cash, end of period                              $ 212,457    355,218
                                                 ==========  =========

Supplemental disclosures of cash flow:
  Interest paid                                  $   5,048     12,981
                                                 ==========  =========
</TABLE>


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


                                        7
<PAGE>
                                CLX ENERGY, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                    SIX MONTHS ENDED MARCH 31, 2003 AND 2002
                                   (UNAUDITED)


Note A - Basis of Presentation

The Company is engaged in the oil and gas business which consists of acquiring,
exploring, developing, selling and operating oil and gas properties.  The
Company's oil and gas activities are subject to existing Federal, state and
local environmental laws, rules and regulations.  All of the Company's
activities are in the United Sates, primarily Colorado, Kansas, Oklahoma and
Wyoming.

The condensed balance sheet as of March 31, 2003, the condensed statements of
operations for the six months and three months ended March 31, 2003 and 2002,
the condensed statement of stockholders' equity for the six months ended March
31, 2003 and the condensed statements of cash flows for the six months ended
March 31, 2003 and 2002 have been prepared by the Company without audit.  The
preparation of financial statements requires management to make estimates and
assumptions that affect certain reported amounts and disclosures.  Accordingly,
actual results could differ from those estimates.  In the opinion of management,
all adjustments (which include only normal recurring adjustments) necessary to
present fairly the financial position, results of operations and cash flows at
March 31, 2003 and for all periods presented have been made.

Certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted as permitted by the rules and regulations of the
Securities and Exchange Commission.  While the Company believes that the
disclosures are adequate to make the information presented not misleading, it is
suggested that these financial statements be read in conjunction with the
September 30, 2002 financial statements of the Company, the notes thereto and
the independent Auditors' Report thereon.

Certain amounts reported in the prior period financial statements have been
reclassified to conform with the 2003 presentation.


Note B - Use of estimates

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect certain reported amounts and disclosures.  Oil and gas reserve estimates
are inherently imprecise and are continually subject to revisions based on
production history, results of additional exploration and development, price of
oil and gas and other factors.  Accordingly it is at least reasonably possible
those estimates could be revised in the near term and those revisions could be
material.


                                        8
<PAGE>
                                CLX ENERGY, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                    SIX MONTHS ENDED MARCH 31, 2003 AND 2002
                                   (UNAUDITED)


Note C - Net income (loss) per common share

SFAS No. 128, Earnings per Share, requires dual presentation of basic and
diluted earnings or loss per share (EPS) with a reconciliation of the numerator
and denominator of the basic EPS computation to the numerator and denominator of
the diluted EPS computation.  Basic EPS excludes dilution.  Diluted EPS reflects
the potential dilution that could occur if securities or other contracts to
issue common stock were exercised or converted into common stock or resulted in
the issuance of common stock that then shared in the earnings of the entity.

Basic income (loss) per share of common stock is computed based on the average
number of common shares outstanding during the period.  Diluted EPS includes the
potential conversion of stock options that are dilutive.  Stock options are not
considered in the diluted EPS calculation for those periods with net losses, as
the impact of the potential common shares (250,000 shares at March 31, 2002)
would be to decrease loss per share.


Note D - Income Taxes

An income tax benefit was recorded for the potential refund of taxes paid in
prior years as a result of the net loss for the six months ended March 31, 2002.

Benefit relating to the net operating loss carryforward has not been reflected
as a net deferred tax asset because the limited carryover period combined with
the history of losses of the Company make it more likely than not that the net
operating losses will not be utilized by the Company prior to their expiration.


                                        9
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS


General


The statements contained in this Form 10-QSB, if not historical, are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, and involve risks and uncertainties that could
cause actual results to differ materially from the results, financial or
otherwise, or other expectations described in such forward-looking statements.
Any forward-looking statement or statements speak only as of the date on which
such statements were made, and the Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances after the date
on which such statements are made or reflect the occurrence of unanticipated
events.  Therefore, forward-looking statements should not be relied upon as
prediction of actual future results.


Liquidity, Capital Resources and Commitments


The Company currently has a negative current ratio with current liabilities
exceeding current assets by $27,049.  The Company believes that current assets
and projected cash flow from oil and gas sales, based on current prices, should
be adequate to cover the fixed costs of the Company for the fiscal year ended
September 30, 2003, including servicing the bank debt.

The Company currently has drilling prospects which it is actively marketing to
industry participants on a promoted basis.


Analysis of Results of Operations:

Oil and gas sales increased for the six months and three months ended March 31,
2003 compared to the six months and three months ended March 31, 2002 primarily
as a result of higher prices for gas and oil.

Management fees for the six months and three months ended March 31, 2003
decreased over the prior year periods primarily due to a reduction in fees
charged in managing properties for a partnership.


                                       10
<PAGE>
Lease operating expenses and production taxes decreased for the six months and
three months ended March 31, 2003 compared to the six months and three months
ended March 31, 2002 due to a reduction in workover costs and lease operating
expenses (primarily associated with certain oil and gas wells that were sold in
August 2002) and a reduction in estimated ad valorem taxes.  Dry hole expense
increased as a result of costs incurred in drilling of wells.  Depreciation and
depletion decreased primarily as a result of the the lower carrying value of the
oil and gas properties due to the impairment provision in the fiscal year ended
September 30, 2002.  General and administrative expenses decreased primarily due
to reduced compensation expense.

Interest income decreased as a result of a decrease in the amount of interest
bearing cash accounts and lower interest rates.  Interest expense decreased as a
result of a reduction in the average amount of debt outstanding and lower
interest rates.


                                       11
<PAGE>
                           PART II - OTHER INFORMATION


Item 1.   Legal Proceedings.
          None

Item 2.   Changes in Securities.
          None

Item 4.   Controls and Procedures.

          A review and evaluation was performed by the Company's management,
          including the Company's Chief Executive Officer (the "CEO') and Chief
          Financial Officer (the "CFO"), of the effectiveness of the design and
          operation of the Company's disclosure controls and procedures as of a
          date within 90 days prior to the filing of this quarterly report.
          Based on that review and evaluation, the CEO and CFO has concluded
          that Company's current disclosure controls and procedures, as designed
          and implemented, were effective. There have been no significant
          changes in the Company's internal controls or in other factors that
          could significantly affect the Company's internal controls subsequent
          to the date of their evaluation. There were no significant material
          weaknesses identified in the course of such review and evaluation and,
          therefore, no corrective measures were taken by the Company.

Item 6.   Exhibits and Reports on Form 8-K.
          (a)  Exhibits:
               Exhibit 11. Statement of Computation of Earnings (Loss) Per share

               Exhibit 32. Rule 13a-14(a)/15d-14(a) Certification

               Exhibit 99. Section 1350 Certification

          (b)  Reports on Form 8-K:
               None


                                       12
<PAGE>
                                   SIGNATURES

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

                                      CLX ENERGY, INC.
                                      (REGISTRANT)

Date:  May 7, 2003                    By:  /s/ E. J. Henderson
                                      ------------------------
                                      By:  E. J. Henderson
                                           President and Chief Financial Officer


                                       13