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 December 31, 2002

                                       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 February 3, 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
      December 31, 2002                                                   4

    Condensed Statements of Operations
      Three Months December 31, 2002 and 2001                             5

    Condensed Statement of Stockholders' Equity
      Three Months Ended December 31, 2002                                6

    Condensed Statements of Cash Flows
      Three Months Ended December 31, 2002 and 2001                       7

    Notes to Condensed Financial Statements
      Three Months Ended December 31, 2002 and 2001                       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 December 31, 2002, the related condensed statements of operations and cash
flows for the three-month periods ended December 31, 2002 and 2001, and the
condensed statement of changes in stockholders' equity for the three-month
period ended December 31, 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


February 6, 2003


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                             Condensed Balance Sheet
                                December 31, 2002
                                   (Unaudited)


              Assets
              ------
<S>                                        <C>
Current assets:
   Cash                                    $ 258,540
   Accounts receivable:
     Trade                                    86,197
     Oil and gas sales                       102,379
   Prepaid expenses                            2,609
                                           ----------
          Total current assets               449,725
                                           ----------
Property and equipment, at cost:
   Oil and gas properties (successful
     effort method):
       Proved                                820,899
       Unproved                               26,938
   Office equipment                           16,353
                                           ----------
                                             864,190
       Less accumulated depreciation
         and depletion                      (627,338)
                                           ----------
   Property and equipment, net               236,852
Other assets - oil and gas bond deposit       28,154
                                           ----------
                                           $ 714,731
                                           ==========

     Liabilities and Stockholders' Equity
     ------------------------------------
Current liabilities:
   Accounts payable:
     Trade                                 $ 217,302
     Oil and gas sales                       152,738
   Current portion of long-term debt         120,000
   Accrued liabilities and other               8,355
                                           ----------
          Total current liabilities          498,395
                                           ----------
Long-term debt, less current portion          92,857
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                      (749,781)
                                           ----------
          Net stockholders' equity           123,479
                                           ----------
                                           $ 714,731
                                           ==========
</TABLE>


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


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                       Condensed Statements of Operations
                  Three Months Ended December 31, 2002 and 2001
                                   (Unaudited)


                                             Three Months Ended
                                                December 31,
                                          -----------------------
                                             2002         2001
                                          -----------  ----------
<S>                                       <C>          <C>
Revenues:
   Oil and gas sales                      $   62,907      70,669
   Management fees                            13,424      14,044
                                          -----------  ----------
     Total revenue                            76,331      84,713
                                          -----------  ----------

Operating expenses:
   Lease operating and production taxes       38,123      82,722
   Lease rentals                                   -         958
   Dry holes and abandoned leases              8,750       1,417
   Depreciation and depletion                 12,402      21,008
   General and administrative                 46,117      57,624
                                          -----------  ----------
     Total operating expenses                105,392     163,729
                                          -----------  ----------

     Operating loss                         ( 29,061)   ( 79,016)
                                          -----------  ----------

Other income (expenses):
   Interest income                             1,234       3,039
   Interest expense                         (  2,747)   (  7,117)
                                          -----------  ----------
     Total other income (expenses)          (  1,513)   (  4,078)
                                          -----------  ----------

       Loss before income taxes             ( 30,574)   ( 83,094)

Income tax benefit                                 -       4,500
                                          -----------  ----------

       Net loss                           $ ( 30,574)   ( 78,594)
                                          ===========  ==========

Net loss per common share:
   Basic                                  $ (    .01)   (    .03)
                                          ===========  ==========
   Diluted                                $ (    .01)   (    .03)
                                          ===========  ==========

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


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


                                        5
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
             Condensed Statement of Changes in Stockholders' Equity
                      Three Months Ended December 31, 2002
                                   (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 loss                     -        -        -     ( 30,574)
                     ---------  -------  -------  ------------
Balances,
  December 31, 2002  2,631,936  $26,319  846,941     (749,781)
                     =========  =======  =======  ============
</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
                  Three Months Ended December 31, 2002 and 2001
                                   (Unaudited)


                                                   Three Months Ended
                                                      December 31,
                                                -----------------------
                                                    2002        2001
                                                ------------  ---------
<S>                                             <C>           <C>
Cash flows from operating activities:
 Net loss                                       $  ( 30,574)  ( 78,594)
                                                ------------  ---------
 Adjustments to reconcile net loss to net
  cash used in operating activities:
    Depreciation and depletion                       12,402     21,008
    (Increase) decrease in accounts receivable     ( 15,540)   376,833
    (Increase) decrease in prepaid expenses           1,471   (  4,993)
    Increase (decrease) in accounts payable           8,602   (418,549)
    Decrease in accrued liabilities
      and other                                           -   (  7,500)
                                                ------------  ---------

      Total adjustments                               6,935   ( 33,201)
                                                ------------  ---------
        Net cash used in
          operating activities                     ( 23,639)  (111,795)
                                                ------------  ---------

Cash flows from investing activities:
 Purchase of property and equipment                (  1,687)  (  8,834)
 Addition to other assets                          (    199)  (    239)
                                                ------------  ---------
      Net cash used in
        investing activities                       (  1,886)  (  9,073)
                                                ------------  ---------

Cash flows from financing activities:
 Reductions to long-term debt                      ( 30,000)  ( 30,000)
                                                ------------  ---------
      Net cash used in
        financing activities                       ( 30,000)  ( 30,000)
                                                ------------  ---------

      Net decrease in cash                         ( 55,525)  (150,868)

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

Cash, end of period                             $   258,540    386,476
                                                ============  =========

Supplemental disclosures of cash flow:
  Interest paid                                 $     2,747      7,117
                                                ============  =========
</TABLE>


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


                                        7
<PAGE>
                                CLX ENERGY, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                  THREE MONTHS ENDED DECEMBER 31, 2002 AND 2001
                                   (UNAUDITED)


Note A - Business and 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 December 31, 2002, the condensed statements of
operations for the three months ended December 31, 2002 and 2001, the condensed
statement of stockholders' equity for the three months ended December 31, 2002
and the condensed statements of cash flows for the three months ended December
31, 2002 and 2001 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
December 31, 2002 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 2002 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
                  THREE MONTHS ENDED DECEMBER 31, 2002 AND 2001
                                   (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.  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 December 31, 2002 and 2001) would be
to decrease loss per share.


Note D - Income Taxes

An income tax benefit was recorded for the three months ended December 31, 2001
for the potential refund of taxes paid in prior years.

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's current liabilities exceed its current assets by $48,670.  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 decreased by $7,762 for the three months ended December 31,
2002 compared to the three months ended December 31, 2001 primarily as a result
of the Company's sale of its interest in a Kansas field in August 2002 and
declining production.

Management fees for the three months ended December 31, 2002 decreased by $620
compared to the prior year period 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 three months
ended December 31, 2002 compared to the three months ended December 31, 2001 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 as
a result of the decrease in oil and gas production and 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

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


                                       13
<PAGE>
                                  CERTIFICATION


I, E. J. Henderson, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of CLX Energy, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
     statement of a material fact or omit to state a material fact necessary to
     make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and cash
     flows of the registrant as of, and for, the periods presented in this
     quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act rules 13a-14 and 15d-14) for the
     registrant and have:

     a.   Designed such disclosure controls and procedures to ensure that
          material information relating to the registrant is made known to us by
          others within that entity, particularly during the period in which
          this quarterly report is being prepared;

     b.   Evaluated the effectiveness of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date") and

     c.   Presented in this quarterly report my conclusions about the
          effectiveness of the disclosure controls and procedures based on my
          evaluation as of the Evaluation Date;

5.   I have disclosed, based on my most recent evaluation, to the registrant's
     auditors and the audit committee of registrant's board of directors (or
     persons performing the equivalent functions):

     a.   All significant deficiencies in the design or operation of internal
          controls which could adversely affect the registrant's ability to
          record, process, summarize and report financial data and have
          identified for the registrant's auditors any material weaknesses in
          internal controls; and

     b.   Any fraud, whether or not material, that involves management or other
          employees who have a significant role in the registrant's internal
          controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or other factors that could
     significantly affect internal controls subsequent to the date of our most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

Date:  February 7, 2003

                                 /s/ E. J. Henderson
                                 ------------------------------------
                                 E. J. Henderson,
                                 Chief Executive Officer, President,
                                 and Chief Financial Officer


                                       14
<PAGE>