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, 2004

                                       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 3, 2004, 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>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                                      INDEX


PART I - FINANCIAL INFORMATION


ITEM 1.FINANCIAL STATEMENTS
<S>                                                             <C>

   Independent Accountants' Report                               3

   Condensed Balance Sheet
     March 31, 2004                                              4

   Condensed Statements of Operations
     Six Months and Three Months Ended March 31, 2004 and 2003   5

   Condensed Statement of Stockholders' Equity
     Six Months Ended March 31, 2004                             6

   Condensed Statements of Cash Flows
     Six Months Ended March 31, 2004 and 2003                    7

   Notes to Condensed Financial Statements
     Six Months Ended March 31, 2004 and 2003                    8

ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS                     10


PART II - OTHER INFORMATION                                     12
</TABLE>


                                        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, 2004, the related condensed statements of operations for the
six-month and three-month periods ended March 31, 2004 and 2003, condensed
statement of stockholders' equity for the six-month period ended March 31, 2004,
and condensed statement of cash flows for the six-month periods ended March 31,
2004 and 2003. 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 12, 2004


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                             Condensed Balance Sheet
                                 March 31, 2004
                                   (Unaudited)


         Assets
         ------
<S>                                        <C>
Current assets:
   Cash                                    $ 249,353
   Accounts receivable:
     Trade                                    60,405
     Oil and gas sales                        99,169
   Prepaid expenses                            4,642
                                           ----------
          Total current assets               413,569
                                           ----------
Property and equipment, at cost:
   Oil and gas properties (successful
     effort method):
       Proved                                846,682
       Unproved                                7,852
   Office equipment                           16,353
                                           ----------
                                             870,887
       Less accumulated depreciation
         and depletion                      (697,398)
                                           ----------
   Property and equipment, net               173,489
Other assets - oil and gas bond deposit       28,730
                                           ----------
                                           $ 615,788
                                           ==========

     Liabilities and Stockholders' Equity
     ------------------------------------
Current liabilities:
   Accounts payable:
     Trade                                 $ 145,350
     Joint interest owner advances            20,627
     Oil and gas sales                       130,937
   Bank debt                                 111,857
                                           ----------
          Total current liabilities          408,771
                                           ----------
Other long-term liabilities:
   Asset retirement obligations               18,770
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                      (685,013)
                                           ----------
          Net stockholders' equity           188,247
                                           ----------
                                           $ 615,788
                                           ==========

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


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                  CLX ENERGY, INC.
                         Condensed Statements of Operations
             Six Months and Three Months Ended March 31, 2004 and 2003
                                    (Unaudited)


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

                                       2004         2003        2004        2003
                                    -----------  ----------  ----------  ----------
<S>                                 <C>          <C>         <C>         <C>

Revenues:
   Oil and gas sales                $  149,757     179,895      79,275     116,988
   Management fees                      36,993      27,373      18,797      13,949
                                    -----------  ----------  ----------  ----------
     Total revenue                     186,750     207,268      98,072     130,937
                                    -----------  ----------  ----------  ----------

Operating expenses:
   Lease operating and
    production taxes                    62,462      70,070      32,302      31,947
   Lease rentals                           884          68         100          68
   Dry holes and abandoned leases       32,135      10,268      32,135       1,518
   Depreciation and depletion           14,179      26,292       6,977      13,890
   General and administrative          109,693      84,639      52,544      38,522
                                    -----------  ----------  ----------  ----------
     Total operating costs and
      expenses                         219,353     191,337     124,058      85,945
                                    -----------  ----------  ----------  ----------

     Operating income (loss)          ( 32,603)     15,931    ( 25,986)     44,992
                                    -----------  ----------  ----------  ----------

Other income (expenses):
   Gain on sale of assets               11,114           -       1,057           -
   Interest income                       2,556       2,172       1,251         938
   Interest expense                     (2,498)     (5,048)       (898)     (2,301)
                                    -----------  ----------  ----------  ----------
     Other income (expenses)            11,172      (2,876)      1,410      (1,363)
                                    -----------  ----------  ----------  ----------

Net income (loss)                   $ ( 21,431)     13,055    ( 24,576)     43,629
                                    ===========  ==========  ==========  ==========

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

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
                                    ===========  ==========  ==========  ==========

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


                                        5
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                   Condensed Statement of Stockholders' Equity
                         Six Months Ended March 31, 2004
                                   (Unaudited)


                                         Additional
                       Common Stock        Paid-in   Accumulated
                    Shares      Amount     Capital     Deficit
                   ---------  ----------  ---------  ------------
<S>                <C>        <C>         <C>        <C>
Balances,
  October 1, 2003  2,631,936  $   26,319    846,941     (663,582)

Net income                 -           -          -     ( 21,431)
                   ---------  ----------  ---------  ------------
Balances,
  March 31, 2004   2,631,936  $   26,319    846,941     (685,013)
                   =========  ==========  =========  ============

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


                                        6
<PAGE>
<TABLE>
<CAPTION>
                                CLX ENERGY, INC.
                       Condensed Statements of Cash Flows
                    Six Months Ended March 31, 2004 and 2003
                                   (Unaudited)


                                                    Six Months Ended
                                                        March 31,
                                                ------------------------
                                                    2004         2003
                                                 -----------  ----------
<S>                                              <C>          <C>

Cash flows from operating activities:
 Net income (loss)                               $ ( 21,431)     13,055
                                                 -----------  ----------
 Adjustments to reconcile net loss to net
  cash used in operating activities:
    Depreciation and depletion                       14,179      26,292
    Abandoned leases                                 15,824           -
    Gain on sale of assets                         ( 11,114)          -
    (Increase) decrease in accounts receivable       (5,365)   (133,201)
    (Increase) decrease in prepaid expense             (481)      2,452
    Increase in accounts payable                     41,026      57,578
                                                 -----------  ----------

      Total adjustments                              54,069    ( 46,879)
                                                 -----------  ----------
        Net cash provided by (used in)
          operating activities                       32,638    ( 33,824)
                                                 -----------  ----------

Cash flows from investing activities:
 Proceeds from sale of property and equipment        25,905           -
 Purchase of property and equipment                  (1,789)   ( 13,384)
 Addition to other assets                              ( 79)       (400)
                                                 -----------  ----------
      Net cash provided by (used in)
        investing activities                         24,037    ( 13,784)
                                                 -----------  ----------

Cash flows from financing activities:
 Reductions to long-term debt                      ( 35,000)   ( 54,000)
                                                 -----------  ----------
      Net cash used in
        financing activities                       ( 35,000)   ( 54,000)
                                                 -----------  ----------

      Net increase (decrease) in cash                21,675    (101,608)

Cash, beginning of period                           227,678     314,065
                                                 -----------  ----------

Cash, end of period                              $  249,353     212,457
                                                 ===========  ==========

Supplemental disclosures of cash flow:
  Interest paid                                  $    2,498       5,048
                                                 ===========  ==========

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


                                        7
<PAGE>
                                CLX ENERGY, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                    SIX MONTHS ENDED MARCH 31, 2004 AND 2003
                                   (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, 2004, the condensed statements of
operations for the six months and three months ended March 31, 2004 and 2003,
the condensed statement of stockholders' equity for the six months ended March
31, 2004 and the condensed statements of cash flows for the six months ended
March 31, 2004 and 2003 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, 2004 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, 2003 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 2004 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, 2004 AND 2003
                                   (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 (no options were
dilutive for the periods ending March 31, 2003).  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, 2004)
would be to decrease loss per share.


Note D - Income Taxes

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.


Note E - Asset Retirement Obligations

Asset retirement obligations increased by $640 to $18,770 for accretion expense
for the six months ended March 31, 2004 which amount is included in depreciation
and depletion.  No liabilities were incurred or settled during the six months
ended March 31, 2004 or the six months ended March 31, 2003.  Accretion expense
for the six months and three months ended March 31, 2004 was insignificant.


                                        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 assets exceed its current liabilities by $4,798.  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, 2004, including servicing
the bank debt.

The Company's projected payments on bank debt and asset retirement obligations
as of March 31, 2004 are as follows:

<TABLE>
<CAPTION>
                            Less than  1 to 2  3 to 5  More than
                   Total    one year   years   years    5 years
                  --------  ---------  ------  ------  ---------
<S>               <C>       <C>        <C>     <C>     <C>
Bank debt         $111,857    111,857       -       -          -
Asset retirement
  Obligations       18,770          -     818   6,504     11,448
                  --------  ---------  ------  ------  ---------
    Totals        $130,627    111,857     818   6,504     11,448
                  ========  =========  ======  ======  =========
</TABLE>

The Company continues to evaluate additional offers from other entities to buy
the Company or its oil and gas properties.


                                       10
<PAGE>
Analysis of Results of Operations:

Oil and gas sales decreased for the six months and three months ended March 31,
2004 compared to the six months and three months ended March 31, 2003 primarily
as a result of declining oil and gas production.

Management fees for the six months and three months ended March 31, 2004
increased over the prior year periods primarily due to an increase in fees
charged in managing properties for a partnership.

Lease operating expenses and production taxes decreased for the six months ended
March 31, 2004 compared to the six months ended March 31, 2003 due to a
reduction in taxes as a result of lower oil and gas sales.  Dry hole expense
increased as a result of costs incurred in drilling two dry holes during the
three months ended March 31, 2004.  Depreciation and depletion decreased as a
result of the decrease in oil and gas production, higher estimated reserves on
certain wells and the lower carrying value of the oil and gas properties due to
the impairment provision in the fiscal year ended September 30, 2003.  General
and administrative expenses increased primarily as a result of professional fees
incurred in evaluating offers from entities attempting to buy the Company or its
oil and gas properties, and bad debts incurred as operator of oil and gas
properties.

During the six months and three months ended March 31, 2004 the Company sold
part of its interest in certain undeveloped leases resulting gains on sale of
assets.  There were no sales in the prior year periods.  Interest income
increased as a result of interest being charged on past due receivables.
Interest expense decreased primarily as a result of a reduction in the average
amount of debt outstanding.


                                       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.

          Notwithstanding the foregoing, because of the inherent limitations in
all control systems, no evaluation of controls can provide absolute assurance
that all control issues and instances of fraud, if any, within the Company have
been detected.  These inherent limitations include the realities that judgments
in decision-making can be faulty and that breakdowns can occur because of a
simple error or mistake.  Additionally, controls can be circumvented by the
individual acts of some persons, by collusion of two or more people, or by
management override of the control.  Moreover, the design of any system of
controls is also based in part upon certain assumptions about the likelihood of
future events.


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

               Exhibit 31.  Certification pursuant to Section 302 of the
               Sarbanes-Oxley Act

               Exhibit 32.  Certification pursuant to Section 906 of the
               Sarbanes-Oxley Act

          (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 12, 2004                   By:  /s/ E. J. Henderson
                                      ------------------------
                                      By:  E. J. Henderson
                                           President and Chief Financial Officer


                                       13
<PAGE>