FORM 10-Q

                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

               QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
                 OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 1998

Commission File No.  0-9392

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

CO                                              84-0749623
(State or other jurisdiction of                 (I.R.S. Employer
incorporation or organization)                  Identification No.)

1776 Lincoln Street, Suite 806, Denver, CO                     80203
(Address of principal executive offices)                       (Zip code)

Registrant's telephone number, including area code  (303) 894-0763

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 [ ]

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

4,054,154 shares of Common Stock, $.01 par value at August 10, 1998

<PAGE>


CLX ENERGY, INC.
June 30, 1998
INDEX
Form 10-Q
 

Part I. - Financial Information

          Balance Sheets - June 30, 1998 and
              September 30, 1997

          Statements of Operations for the nine months
              and three months ended June 30, 
              1998 and 1997

          Statements of Cash Flows for the nine months
              ended June 30, 1998 and 1997

          Notes to Unaudited Financial Statements 

          Management's Discussion and Analysis of
              Financial Condition and Results of
              Operations 

Part II. - Other Information

Signatures

<PAGE>
<TABLE>


CLX ENERGY, INC.
BALANCE SHEETS
June 30, 1998 and September 30, 1997
(Unaudited)

<CAPTION>
                                              June 30,    September 30, 
ASSETS:                                        1998           1997
<S>                                        <C>            <C>
Current assets:
   Cash                                    $  32,478         34,763
   Accounts Receivable:
     Trade                                       -           59,471
     Oil and gas sales                         9,326         12,010
                                             -------        -------
          Total current assets                41,804        106,244
                                             -------        -------
Property and equipment, at cost:
   Oil and gas properties
     (successful effort method):
       Proved                                329,732        329,732
       Unproved                               18,314         20,060
   Office equipment                            3,618          3,618
                                             -------        -------
                                             351,664        353,410
       Less accumulated depreciation
         and depletion                      (212,149)      (193,135)
                                             -------        -------
                                             139,515        160,275
                                             -------        -------
          Total assets                     $ 181,319        266,519
                                             =======        =======
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
   Accounts payable                        $  83,599        116,393
   Due joint interest owners                   8,355          8,355
                                             -------        -------
          Total current liabilities           91,954        124,748
                                             -------        -------
Stockholders' equity:
   Preferred stock, $.01 par value,
     2,000,000 shares authorized,
     600,000 shares designated Series A
     $.06 cumulative convertible:
     134,000 shares issued and outstanding
     (aggregate involuntary liquidation
     preference of $134,000 plus unpaid
     dividends)                                1,340          1,340
   Common stock, $.01 par value,
     50,000,000 shares authorized,
     4,054,154 shares issued and 
     outstanding                              40,542         40,542
   Additional paid-in capital                541,417        541,417
   Accumulative deficit                     (493,934)      (441,528)
                                             -------        -------
          Net stockholders' equity            89,365        141,771
                                             -------        -------
          Total Liabilities and Equities   $ 181,319        266,519
                                             =======        =======
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>

CLX ENERGY, INC.
STATEMENTS OF OPERATIONS 
(Unaudited)

<CAPTION>
                                          Nine Months Ended  Three Months Ended
                                               June 30,           June 30,
                                            1998      1997     1998       1997
<S>                                    <C>        <C>       <C>       <C>
Revenues:
   Oil and gas sales                   $  65,871    89,617    20,587    17,591
   Management fees                           900    21,583       -       4,535
                                         -------   -------   -------   -------
     Total revenue                        66,771   111,200    20,587    22,126

Operating costs and expenses:
   Lease operating and
     production taxes                     18,256    27,519     5,629     6,209
   Lease rentals and abandonments          1,785     1,913       230       246
   Dry hole costs                            -       6,430       -       6,430
   Depreciation and depletion             19,014    17,884     6,807     5,046
   General and administrative             77,905   106,757    17,483    29,620
                                         -------   -------   -------   -------
     Total operating costs and expenses  116,960   160,503    30,149    47,551
                                         -------   -------   -------   -------
     Operating loss                     ( 50,189) ( 49,303) (  9,562) ( 25,425)
                                         -------   -------   -------   ------- 

Other income (expenses):
   Gain on sale of assets                    632     5,000  (     37)      -  
   Interest expense                     (  2,849) (  1,201) (    993)      - 
                                         -------   -------   -------   -------
     Total other income (expenses)      (  2,217)    3,799  (  1,030)      - 
                                         -------   -------   -------   -------

          Net loss                     $( 52,406) ( 45,504) ( 10,592) ( 25,425)
                                         =======   =======   =======   =======

Weighted average number of common
  shares outstanding  - basic and
  diluted                              4,054,154 3,855,741 4,054,154 4,054,154
                                       ========= ========= ========= =========

Net loss per common share
  - basic and diluted                  $(    .01) (    .01) (    *  ) (    .01)
                                         =======   =======   =======   =======


*  Less than $( .01) per share.

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

</TABLE>

<PAGE>
<TABLE>
CLX ENERGY, INC.
STATEMENTS OF CASH FLOWS
Nine Months Ended June 30, 1998 and 1997
(Unaudited)

<CAPTION>
                                                  1998          1997
<S>                                           <C>          <C>
Cash flows from operating activities:
   Net income (loss)                          $( 52,406)    (  45,504)
   Adjustments to reconcile net loss to 
     net cash provided by (used in) 
     operating activities:
       Depreciation and depletion                19,014        17,884
       Gain on sale of assets                  (    632)     (  5,000)
       (Increase) decrease in
         accounts receivable                     62,155         3,624
       Decrease in
         prepaid expenses                           -              49
       Increase (decrease) in 
         accounts payable                      ( 32,794)        2,009
       Increase (decrease) in 
         accrued expenses and other                 -        (    356)
                                                -------       -------
           Net cash provided by (used in)
             operating activities              (  4,663)     ( 27,294)
                                                -------       -------

Cash flows from investing activities:
   Proceeds from sale of property and equipment   7,130         5,000
   Purchase of property and equipment          (  4,752)     (  7,900)
                                                -------       -------
           Net cash provided by (used in)
             investing activities                 2,378      (  2,900)
                                                -------       -------

Cash flows from financing activities:
   Payments on short-term borrowings                -        ( 57,000)
   Payments on long-term borrowings                 -        (  4,134)
   Proceeds from issuance of common stock           -         125,000 
                                                -------       -------
           Net cash provided by (used in)
             financing activities                   -          63,866
                                                -------       -------

           Net increase (decrease) in cash     (  2,285)       33,672

Cash, beginning of period                        34,763        15,245
                                                -------       -------

Cash, end of period                           $  32,478        48,917
                                                =======       =======

Supplemental disclosures of cash 
  flow information - cash paid                               
  during period for interest                  $     -           1,557
                                                =======       =======

<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>

<PAGE>
CLX ENERGY, INC.
NOTES TO UNAUDITED FINANCIAL STATEMENTS
June 30, 1998

Note A - Basis of Presentation

The balance sheet as of June 30, 1998, the statements of operations
for the nine months and three months ended June 30, 1998 and 1997 and
the statements of cash flows for the nine months ended June 30, 1998
and 1997 have been prepared by the Company, without audit.  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 June 30, 1998 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 principals 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, 1997
financial statements of CLX Energy, Inc., the notes thereto and the
Independent Auditors' Report thereon.

Note B - Net income (loss) per common share

Net loss per common share is computed on the basis of the weighted average 
number of common shares outstanding during the period as illustrated below:

                                       Nine Months Ended     Three Months Ended
                                            June 30,              June 30,
                                       1998       1997        1998       1997


Net Loss                           $( 52,406)  ( 45,504)   ( 10,592)  ( 25,425)
Preferred stock dividends           (  6,030)  (  6,030)   (  2,010)  (  2,010)
                                     -------    -------     -------    -------
Net loss, basic and diluted, 
   applicable to common 
   stockholders                    $( 58,436)  ( 51,534)   ( 12,602)  ( 27,435)
                                     =======    =======     =======    =======

Weighted average number of 
   shares outstanding - basic
   and diluted                     4,054,154  3,855,741   4,054,154  4,054,154
                                   =========  =========   =========  =========

Net loss per share, basic and
   diluted, applicable to
   common shareholders             $(    .01)  (    .01)   (    *  )  (    .01)
                                     =======    =======     =======    =======


* Less than $(.01) per share.

<PAGE>

Options to purchase 475,000 shares of common stock were outstanding at 
June 30, 1998 (743,750 at June 30, 1997) but were not included in the 
computation of diluted EPS because the options' exercise price was greater than
the average market price of the common shares.

Note C - Preferred stock

Each share of the Company's outstanding Series A preferred stock was
convertible into one share of common stock until the conversion
privilege expired on April 30, 1983.  Except in certain specified 
circumstances, the Series A preferred stock is nonvoting.  The Series A shares 
are redeemable at the option of the Company at $1.50 per share, plus any 
accrued and unpaid dividends.  The Series A preferred stock has an involuntary 
liquidation preference of $1 per share plus accrued and unpaid dividends.  
Dividends on preferred stock of $.06 per share, $8,040, were not declared in 
1984 through 1998 for a total of $120,600 and are in arrears at June 30, 1998.

Note D - Contingency

The Company has been advised by Panhandle Eastern Pipe Line Company that on
September 10, 1997 the Federal Energy Regulatory Commission (FERC) issued an
order that requires first sellers of gas to make refunds for all Kansas Ad 
Valorem tax reimbursements collected for the period from October 3, 1983
through June 28, 1988, with interest.

This claim resulted from a Federal Energy Regulatory Commmission (FERC) order
issued September 10, 1997 which stated that ad valorem tax levied by the State
of Kansas could not be considered as an add-on to the Maximum Lawful Price 
(MLP) of gas sold under the NGPA of 1978 covering the period from 
October 3, 1983 through June 28, 1988.  This order reversed the FERC rules in 
effect during that time period that ad valorem taxes paid to the State of 
Kansas by producers could recover from the pipeline company by the producers 
over and above the MLP of gas sold under the guidelines set forth in the NGPA 
of 1978.

The predecessor of the Company, Calvin Exploration Inc. was operator of certain
Kansas gas wells during the period covered by the order.  Panhandle Eastern
Pipe Line Company has advised the Company that Calvin Exploration Inc., as
first seller, was paid $57,732 in Kansas Ad Valorem taxes.  The Company was
also advised that as successor in interest to the first seller, the amount of
the refund that must be repaid with interest approximates $198,000 at 
June 30, 1998.

The Company believes that, based on the law as it exists today, its liability
is limited to its ownership percentage.  Accounts payable includes 
approximately $48,000 in connection with the FERC claim, including interest and
estimated legal expenses.

The Kansas Independent Oil and Gas Association (KIOGA) has intervened with the
FERC requesting elimination of the interest charge on the claimed refunds.  The
interest amounts to approximately 70% of the total refunds claimed.  Bills have
been introduced in both the U.S. House of Representatives and Senate seeking
the same relief.

<PAGE>

     MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
       RESULTS OF OPERATIONS

Analysis of Financial Condition

During the nine months ended June 30, 1998, the Company acquired proved and
unproved oil and gas properties at a cost of $4,752.  During the same period, 
the Company sold part of its interest in unproved oil and gas prospects for 
$7,130.  The Company received $900 in management fees for operating a drilling
program during the nine months ended June 30, 1998.  In December 1996, the 
Company sold in a private placement 833,333 shares of common stock for $.15 per
share for a total of $125,000.

Capital Resources and Liquidity

At June 30, 1998 the Company had negative working capital of $50,150.  
Revenues from existing oil and gas production and management fees from 
operating a drilling program are not adequate to cover the normal operating 
expenses of the Company without a reduction of general and administrative 
expenses.  

The Company currently has drilling prospects which it is actively marketing to
industry participants.  If these prospects are successfully sold, the Company
will receive a front-end payment and an interest carried free of costs in these
prospects which would improve the Company's cash flow.

Analysis of Results of Operations

Oil and gas sales decreased for the nine months ended June 30, 1998 as a result
of lower oil and gas prices and declining production.  Oil and gas sales 
increased for the three months ended March 31, 1998 primarily as a result of 
normal fluctuations in production.  Management fees decreased for the nine 
months and the three months ended June 30, 1998 since the drilling program that
the Company acts as operator has terminated.

Lease operating expenses and production taxes decreased for the nine months 
ended June 30, 1998 due to lower production taxes as a result of the decrease
in sales, and a general decrease in operating costs caused by mild weather 
conditions.  Lease operating expenses and production taxes increased for the 
three months ended June 30, 1998 as a result of the increase in sales and other
normal fluctuations.  Depreciation and depletion increased primarily as a 
result of increased depreciation and depletion on a property with a high cost
basis.  General and administrative expenses decreased for the nine months and 
the three months ended June 30, 1998 as compared to the prior periods primarily
due to a general decrease in activity and reduced salary expense.

During the nine months ended June 30, 1998 the Company sold part of its 
interest in unproved oil and gas prospects that resulted in a gain of $632.
During the nine months ended June 30, 1997 the Company sold part of its
interests in an unproved oil and gas prospect that resulted in a gain of 
$5,000.  Interest expense increased due to the interest accruing on its 
estimated liability for the FERC ordered refund on Kansas gas pricing.

<PAGE>
                         PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

         None

Item 2.  Changes in Securities.

         None

Item 3.  Defaults Upon Senior Securities.

         None

Item 4.  Submission of Matters to a Vote of Security Holders.

         None

Item 5.  Other Information.

         None

Item 6.  Exhibits and Reports on Form 8-K.

         (a)  Exhibits

              Exhibit 27. Financial Data Schedule

         (b)  Reports on Form 8-K.

              None

                                     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.

                                              CLX ENERGY, INC.



                                              /s/ E. J. Henderson
                                              By:  E. J. Henderson
                                                   President and Chief
                                                   Financial Officer
Dated:  August 10, 1998