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, 2001

                                       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 8, 2001, there were 2,636,283 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                                            1

    Condensed Balance Sheet
      March 31, 2001                                                           2

    Condensed Statements of Operations
      Six Months and Three Months Ended March 31, 2001 and 2000                3

     Condensed Statement of Stockholders' Equity
      Six Months Ended March 31, 2001                                          4

     Condensed Statements of Cash Flows
      Six Months Ended March 31, 2001 and 2000                                 5

     Notes to Condensed Financial Statements
      Six Months Ended March 31, 2001 and 2000                                 6

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS                                  9


PART  II - OTHER INFORMATION                                                  11
































<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, 2001, the related condensed statements of operations for the
six-month and three-month periods ended March 31, 2001 and 2000, condensed
statement of stockholders' equity for the six-month period ended March 31, 2001,
and condensed statement of cash flows for the six-month periods ended March 31,
2001 and 2000. These condensed financial statements are the responsibility of
the Company's management.

We conducted our review 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 generally accepted auditing standards, 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 review, we are not aware of any material modifications that should
be made to the accompanying consolidated financial statements for them to be in
conformity with generally accepted accounting principles.


EASTON AND BARSCH
Certified Public Accountants
Lakewood, Colorado


May 11, 2001























                                        1

<PAGE>


                                CLX ENERGY, INC.
                             Condensed Balance Sheet
                                 March 31, 2001
                                   (Unaudited)
<TABLE>
<CAPTION>
<S>                                                      <C>
ASSETS
------
Current assets:
  Cash                                                   $ 1,264,353
  Accounts receivable:
    Trade                                                    275,106
    Oil and gas sales                                        384,306
  Prepaid expenses                                             5,980
                                                           ---------
         Total current assets                              1,929,745
                                                           ---------
Property and equipment, at cost:
  Oil and gas properties (successful effort method):
    Proved                                                 1,330,982
    Unproved                                                  40,281
  Office equipment                                            16,353
                                                           ---------
                                                           1,387,616
    Less accumulated depreciation and depletion           (  435,899)
                                                           ---------
                                                             951,717
                                                           ---------
Other assets - oil and gas bond deposit                       26,342
                                                           ---------
                                                         $ 2,907,804
                                                           =========
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Current liabilities:
  Accounts payable:
    Trade                                                $   951,543
    Oil and gas sales                                        694,580
  Current portion of long-term debt                          120,000
  Accrued liabilities and other                               18,099
                                                           ---------
         Total current liabilities                         1,784,222
                                                           ---------
Long-term debt, less current portion                         427,857
                                                           ---------
Stockholder's 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, 2,636,283 issued and outstanding              26,363
  Additional paid in capital                                 849,576
  Accumulated deficit                                     (  180,214)
                                                           ---------
        Net stockholders' equity                             695,725
                                                           ---------
                                                         $ 2,907,804
                                                           =========
<FN>
The accompanying notes are an integral part of these condensed financial statements.

</TABLE>
                                        2
<PAGE>



                                CLX ENERGY, INC.
                       Condensed Statements of Operations
            Six Months and Three Months Ended March 31, 2001 and 2000
                                   (Unaudited)
<TABLE>
<CAPTION>
                                          Six Months Ended             Three Months Ended
                                              March 31,                     March 31,
                                         -------------------           -------------------
                                         2001           2000           2001           2000
                                         ----           ----           ----           ----
<S>                                  <C>             <C>            <C>            <C>
Revenues:
  Oil and gas sales                  $  557,498        210,370        317,430        116,155
  Management fees and other              38,086         73,772         20,466          5,637
                                       --------       --------       --------       --------
      Total revenue                     595,584        284,142        337,896        121,792
                                       --------       --------       --------       --------
Operating expenses:
  Lease operating                       105,545         54,433         71,206         33,844
  Production taxes                       29,970         13,035         15,166          6,914
  Lease rentals                           1,035          9,195            100          5,024
  Dry holes and abandoned leases         56,317          2,813         26,051          2,813
  Depreciation and depletion             70,838         40,638         38,334         21,106
  General and administrative            153,079        111,246         95,857         41,853
                                       --------       --------       --------       --------
    Total operating costs
      and expenses                      416,784        231,360        246,714        111,554
                                       --------       --------       --------       --------
      Operating income                  178,800         52,782         91,182         10,238
                                       --------       --------       --------       --------
Other income (expenses):
  Gain on sale of assets                 20,735            -           13,430            -
  Interest income                         7,607          3,291          5,353          2,411
  Interest expense                    (  25,964)     (  26,287)     (  16,245)     (  14,277)
                                       --------       --------       --------       --------
    Other income (expenses)               2,378      (  22,996)         2,538      (  11,866)
                                       --------       --------       --------       --------
Net income (loss) before
  income taxes                          181,178         29,786         93,720      (   1,628)
Provision for income taxes                6,500            -            6,500      (     -  )
                                       --------       --------       --------       --------
Net income (loss)                    $  174,678         29,786         87,220      (   1,628)
                                       ========       ========       ========       ========
Net income (loss) per
  common share
    Basic                            $      .07            .01            .03      (     .00)
                                       ========       ========       ========       ========
    Diluted                          $      .06            .01            .03      (     .00)
                                       ========       ========       ========       ========
Weighted average number of
common shares outstanding
  Basic                               2,636,283      2,637,033      2,636,283      2,637,033
                                      =========      =========      =========      =========
  Diluted                             2,709,383      2,706,478      2,709,383      2,637,033
                                      =========      =========      =========      =========
<FN>
The accompanying notes are an integral part of these financial statements.

</TABLE>
                                        3

<PAGE>




                                CLX ENERGY, INC.
                   Condensed Statement of Stockholders' Equity
                         Six Months Ended March 31, 2001
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                      Additional
                               Common Stock             Paid-in    Accumulated
                          Shares         Amount         Capital      Deficit
                          ------         ------         -------      -------
<S>                      <C>           <C>              <C>         <C>
Balances,
  October 1, 2000        2,636,283     $  105,451       742,488     (354,892)

Reverse stock split            -        (  79,088)       79,088          -

Stock option issued
  for services                 -              -          28,000          -

Net income                     -              -             -        174,678
                         ---------       --------       -------      -------
Balances,
  March 31, 2001         2,636,283     $   26,363       849,576     (180,214)
                         =========       ========       =======      =======

<FN>

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

</TABLE>




























                                       4

<PAGE>



                                CLX ENERGY, INC.
                       Condensed Statements of Cash Flows
                    Six Months Ended March 31, 2001 and 2000
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                          Six Months Ended
                                                              March 31,
                                                        --------------------
                                                        2001            2000
                                                        ----            ----
<S>                                                <C>              <C>
Cash flows from operating activities:
 Net income (loss)                                 $   174,678          29,786
 Adjustments to reconcile net loss to net
  cash used in operating activities:
    Depreciation and depletion                          70,838          40,638
    Expenses incurred in exchange for options           28,000             -
    Gain on sale of assets                          (   20,735)            -
    (Increase) decrease in accounts receivable      (  121,805)        105,096
    Increase in prepaid expense                     (    2,434)            -
    Increase (decrease) in accounts payable            689,708      (  204,559)
    Increase in accrued liabilities and other            1,355          10,847
    Other                                                  -        (      872)
                                                     ---------       ---------
      Net cash provided by (used in)
        operating activities                           819,605      (   19,064)

Cash flows from investing activities:
 Proceeds from sale of property and equipment           82,529             -
 Reduction in assets held for sale                         -         1,585,640
 Purchase of property and equipment                 (  455,667)     (   92,912)
 Additions to other assets                          (      739)            -
                                                     ---------       ---------
      Net cash provided by (used in)
        investing activities                        (  373,877)      1,492,728

Cash flows from financing activities:
 New long-term borrowings                              265,000             -
 Reductions to long-term debt                       (   50,907)     (1,591,089)
                                                     ---------       ---------
      Net cash provided by (used in)
        financing activities                           214,093      (1,591,089)
                                                     ---------       ---------

      Net increase (decrease) in cash                  659,821      (  117,425)
Cash, beginning of period                              604,532         318,330
                                                     ---------       ---------
Cash, end of period                                $ 1,264,353         200,905
                                                     =========       =========

Supplemental disclosures of cash flow:
  Interest paid                                    $    25,964          23,852
                                                     =========       =========
  Income Taxes paid                                $     6,645             -
                                                     =========       =========

<FN>

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

</TABLE>
                                        5

<PAGE>



                                CLX ENERGY, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                    SIX MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)


Note A - Basis of Presentation

The condensed balance sheet as of March 31, 2001, the condensed statements of
operations for the six months and three months ended March 31, 2001 and 2000,
the condensed statement of stockholders' equity for the six months ended March
31, 2001 and the condensed statements of cash flows for the six months ended
March 31, 2001 and 2000 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, 2001 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, 2000 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 2001 presentation.

Note B - Capital structure

On March 20, 2001 the shareholders approved a reverse 100 for 1 stock split
followed immediately by a forward 1 for 25 share stock split of the Company's
common stock.  Shareholders holding fewer than 100 common shares of the Company
will be cashed out.  The Company's authorized common shares of 50,000,000 shares
did not change.  The par value of the common stock remained at $.01 per share.
The financial statements have been adjusted retroactively to reflect this change
in capital structure.


Note C - Stock option

On March 20, 2001 the Board of Directors granted an officer of the Company an
option to purchase 125,000 shares of stock of the Company at $.40 per share.
The Company recorded compensation expense of $28,000 for the three months ended
March 31, 2001 since the option price was less than the market price of the
stock at the date of grant.










                                        6

<PAGE>




Note D - Net income 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
calculation for those periods with net losses as the impact of the potential
common shares would be to decrease loss per share.


Note E - Oil and Gas Property Acquisition

In December 2000 the Company acquired interests in fifteen producing oil and gas
wells for approximately $265,000.  The Company borrowed $265,000 from a bank in
connection with the acquisition.


Note F - Income Taxes

No provision for income taxes is required for the six months and three months
ended March 31, 2000.

The following table reconciles the U.S. statutory rate to the Company's
effective tax rate:

                                      2001         2000
                                      ----         ----

     Federal statutory rate           35.0%        35.0%
     Net operating losses            ( 2.3 )      (35.0 )
     State taxes                     ( 0.0 )      ( 0.0 )
     Statutory depletion             (11.0 )      ( 0.0 )
     Intangible drilling costs       (18.1 )      ( 0.0 )
                                      -----        -----

     Effective tax rate                3.6%         0.0%
                                      =====        =====

At September 30, 2000, after giving effect to ownership changes that occurred
in the 1999 fiscal year, the Company has a net operating loss carryforward of
approximately $360,000 which expires in varying amounts from September 30, 2003
through 2017.  The $360,000 carryforward is subject to an annual limitation of
approximately $23,500.  Differences between income tax and financial statement
basis of assets at September 30, 2000 consists of basis difference of oil and
gas properties ($40,000) as a result of a purchase acquisition in a prior fiscal
year and intangible drilling costs ($140,000) which are expensed for tax
purposes.






                                        7

<PAGE>




Deferred tax 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, prior to the year ended
September 30, 2000, make it more likely than not that the net operating losses
will not be utilized by the Company prior to their expiration.


Note G - Contingency

The Company has been advised by the 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 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 for
the period from October 3, 1983 through June 28, 1988.  This order reversed the
FERC rules in effect during the time periods that ad valorem taxes paid to the
State of Kansas by producers could be recovered 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 approximated $196,000 on the original
due date of March 9, 1998.

On February 6, 1998 the Company Filed a request for Staff review with the FERC
relative to their order.  The Company asked that the Company be responsible only
for reimbursement of ad valorem taxes attributable to its working interest in
the properties subject to the FERC order, that the Company not be required to
reimburse taxes on behalf of royalty owners since taxes are not recoverable from
the royalty owners, and that the Company be allowed to service it's obligation
over a five year period due to the financial hardship which would result from
one lump sum payment.

The Company has received various correspondence from the FERC concerning its
request for Staff review.  The Company was advised by FERC that it was
responsible only for reimbursement of it's working interest share of the total
refund.  Additional information was requested prior to the Commission making a
decision to relieve the Company of the obligation to reimburse taxes on behalf
of the royalty owners. The request for installment payments was not addressed.

The Company has booked approximately $63,000 as a current liability to cover the
Company's estimated share of the reimbursable claim.










                                        8

<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

In the six months ended March 31, 2001 the Company participated in drilling of
three wells, one of which the Company believes is capable of commercial
production.  In December 2000 the Company purchased an interest in 15 oil and
gas wells for approximately $265,000.  The Company obtained a bank loan for
$265,000 in connection with the acquisition.

The Company currently has a positive current ratio with current assets exceeding
current liabilities by approximately $145,000.  Based on current prices for oil
and gas, the Company believes that net cash flow from oil and gas sales should
be adequate to participate in the drilling of additional wells and cover the
fixed costs of the Company for the next fiscal year including servicing the bank
debt.

The Company currently has drilling prospects which it will be actively marketing
to industry participants on a promoted basis and the Company is attempting to
purchase additional producing oil and gas properties.


Analysis of Results of Operations:

Oil and gas sales increased for the six months and three months ended March 31,
2001 compared to the six months and three months ended March 31, 2000 primarily
as a result of higher prices for gas and oil, additional revenues from oil and
gas wells that the Company participated in drilling during the last year, and
revenues from the wells purchased in December, 2000.

Management fees and other income received for the six months ended March 31,
2001 decreased over the prior year period due to a one time management fee
received in the prior period in connection with the acquisition of oil and gas
properties for a limited partnership.  Management fees increased for the three
months ended March 31, 2001 as compared to the prior year period due to fees
from the additional wells that the Company acts as operator.








                                        9

<PAGE>




Lease operating expenses and production taxes increased for the six months and
three months ended March 31, 2001 due to additional wells and the increase in
oil and gas sales.  Dry hole expense increased as a result of participating in
two dry holes during the six months and three months ended March 31, 2001.
Depreciation and depletion increased as a result of the increase in oil and gas
properties and related production.  General and administrative expenses
increased for the six months and three months ended March 31, 2001 as compared
to the prior periods primarily due to a increase in general activity including
$28,000 of expense associated with the stock option granted in the three months
ended March 31, 2001.  During the six months ended March 31, 2001 the Company
had a gain of $20,735 from selling part of its interest in undeveloped oil and
gas leases ($13,430 for the three months ended March 31, 2001). Interest income
increased as a result of an increase in the amount of interest bearing cash
accounts.  The Company accrued $6,500 for estimated income taxes for the six
months and three months ended March 31, 2001.













































                                       10

<PAGE>




                           PART II - OTHER INFORMATION


Item 1.  Legal Proceedings.
         None

Item 2.  Changes in Securities.
         On March 20, 2001 the shareholders approved a reverse 100 for 1 stock
         split followed immediately by a forward 1 for 25 share stock split of
         the Company's common stock.  Shareholders holding fewer than 100 common
         shares of the Company will be cashed out.  The Company's authorized
         common shares of 50,000,000 shares did not change.  The par value of
         the common stock remained at $.01 per share.

Item 3.  Defaults Upon Senior Securities.
         None

Item 4.  Submission of Matters to a Vote of Security Holders. On March 20, 2001
         the Company held an annual meeting of shareholders.

         The Company's nominees for Directors were all elected. The names and
         votes received were as follows:
                   Names                    Shares Voted For
                   -----                    ----------------

                   James L. Burkhart            8,448,363
                   E. J. Henderson              8,448,373
                   S. W. Houghton               8,310,773
                   Robert E. Gee                8,448,363
                   Ronald M. Sitton             8,448,363
                   George H.C. Lawrence         8,448,363

        A reverse 100 for 1 stock split followed immediately by a forward 1
        for 25 shares stock split of the Company's common stock was voted on.
        A total of 7,983,173 shares were voted, with 7,897,673 shares in favor
        and 85,500 against or withheld.  Accordingly, the item was approved by
        shareholders.

Item 5.  Other Information.
         None

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

         (b)  Reports on Form 8-K
              None













                                       11

<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 11, 2001                   By:  /s/ E. J. Henderson
                                      ------------------------
                                      By:  E. J. Henderson
                                           President and Chief Financial Officer















































                                       12

<PAGE>