FORM 10-Q

                          SECURITIES AND EXCHANGE COMMISSION

                               Washington, D.C.  20549


     {X} QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

     For the Quarterly Period Ended June 30, 1997

                                          OR

     { } TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934


     Commission file number 0-10267


                                C&K 1980 FUND-B, LTD.
                (Exact name of registrant as specified in its charter)


                    Texas                           76-0307698    
        (State or other jurisdiction of         (I.R.S.  Employer
        incorporation or organization)         Identification No.)


     7555 East Hampden Avenue - Suite 600,
              Denver, Colorado                         80231      
   (Address of principal executive offices)         (Zip Code)


     Registrant's telephone number, including area code:      303-695-3600

     SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

                                              Name of Each Exchange
              Title of Each Class                Which Registered

                     None                              None


          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.

                                     X             
                                     Yes       No

              The C&K 1980 Fund-B, Ltd. is a Texas limited partnership.
     <PAGE>

                                 INDEX TO FORM 10-Q
                                C&K 1980 Fund-B, Ltd.


     PART I.  FINANCIAL INFORMATION

     Item 1.  Financial Statements

              Balance Sheets
              June 30, 1997 and December 31, 1996

              Statements of Operations
              Three months and six months ended June 30, 1997 and 1996

              Statements of Changes in Partners' Capital
              Six months ended June 30, 1997 and 1996

              Statements of Cash Flows
              Six months ended June 30, 1997 and 1996

              Notes to the Financial Statements

     Item 2.  Management's Discussion and Analysis of Financial Condition and
              Results of Operations


     PART II. OTHER INFORMATION

     Item 1.  Legal Proceedings

     Item 2.  Changes in Securities

     Item 3.  Defaults upon Senior Securities

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

     Item 5.  Other Information

     Item 6.  Exhibits and Reports on Form 8-K


     SIGNATURE
     <PAGE>















                                C&K 1980 FUND-B, LTD.
                            (A Texas Limited Partnership)
                                    BALANCE SHEETS
                                     (Unaudited)


                                        ASSETS

     <TABLE>
     <CAPTION>
                                                  June 30,        December 31,
                                                    1997              1996    
     <S>                                       <C>                <C>
     Current Assets:

       Cash                                    $   185,306        $   182,797 
       Receivable from General Partner             594,632            253,816 

         Total Current Assets                      779,938            436,613 

     Oil and gas properties and equipment,
       at cost, using the full cost
       method of accounting                     22,495,419         22,494,518 

     Less:  Accumulated depreciation,
       depletion and amortization              (19,445,275)       (19,286,186)

                                                 3,050,144          3,208,332 

     Total Assets                              $ 3,830,082        $ 3,644,945 



                          LIABILITIES AND PARTNERS' CAPITAL


     Accrued liabilities                       $     7,177        $    13,307 

     Partners' Capital:
       General Partner                             787,786            829,341 
       Limited Partners                          2,351,436          2,082,947 
       Combining adjustment                        683,683            719,350 

          Total Partners' Capital                3,822,905          3,631,638 

     Total Liabilities and
      Partners' Capital                        $ 3,830,082        $ 3,644,945 
     </TABLE>
     [FN]

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







                                C&K 1980 FUND-B, LTD.
                            (A Texas Limited Partnership)
                               STATEMENTS OF OPERATIONS
                                     (Unaudited)
     <TABLE>
     <CAPTION>
                                                                              
                                    Three months ended      Six months ended  
                                         June 30,               June 30,    
                                      1997      1996        1997        1996  
     <S>                           <C>       <C>       <C>         <C>        
     Revenues:
       Oil and gas sales           $420,976  $596,155  $1,105,486  $1,035,917 
       Interest income                1,266     2,139       2,510       4,284 
                                    422,242   598,294   1,107,996   1,040,201 

     Expenses:   
       Lease operating               70,207    67,536     166,242     132,234 
       Production tax                25,935    39,165      72,450      65,434 
       Marketing deductions          42,393    39,023      67,989      91,318 
       Depreciation, depletion  
          and amortization           62,857   192,985     159,089     329,586 
       General and administrative    48,695    47,880      97,391      93,548 
                                    250,087   386,589     563,161     712,120 

     Net income                    $172,155  $211,705  $  544,835  $  328,081 


     Net income (loss) allocation:

       General Partner             $102,245  $150,971  $  312,013  $  239,886 
       Limited Partners              84,001   104,016     268,489     162,289 
       Combining adjustment         (14,091)  (43,282)    (35,667)    (74,094)

     Net income                    $172,155  $211,705  $  544,835  $  328,081 

     Net income per limited
       partnership unit
       (1,210 outstanding)           $69.42    $85.96     $221.89     $134.12 
     </TABLE>
     [FN]

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















                                C&K 1980 FUND-B, LTD.
                            (A Texas Limited Partnership)
                      STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
                                     (Unaudited)

     <TABLE>
     <CAPTION>
                                  Six months ended June 30, 1996    

                                                      Combining
                            General     Limited      Adjustment
                            Partner     Partners      (Note 3)        Total  
     <S>                  <C>           <C>           <C>          <C>
     Balance at
      January 1, 1996     $1,000,751    $2,391,556    $881,900     $4,274,207 

     Contributions           133,697        --          --            133,697 
     Distributions          (439,626)     (200,000)     --           (639,626)
     Net income (loss)       239,886       162,289     (74,094)       328,081 

     Balance at
      June 30, 1996       $  934,708    $2,353,845    $807,806     $4,096,359 




                                  Six months ended June 30, 1997      

                                                      Combining
                            General     Limited      Adjustment
                            Partner     Partners      (Note 3)        Total 

     Balance at
      January 1, 1997       $829,341    $2,082,947    $719,350     $3,631,638 

     Contributions           128,981        --           --           128,981 
     Distributions          (482,549)       --           --          (482,549)
     Net income (loss)       312,013       268,489     (35,667)       544,835 

     Balance at
      June 30, 1997         $787,786    $2,351,436    $683,683     $3,822,905 
     </TABLE>
     [FN]

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












                                C&K 1980 FUND-B, LTD.
                            (A Texas Limited Partnership)
                               STATEMENTS OF CASH FLOWS
                                     (Unaudited)
     <TABLE>
     <CAPTION>

                                                              
                                                     Six months ended June 30,
                                                          1997        1996

     <S>                                                <C>         <C>
     Cash flows from operating activities:
      Net income                                        $ 544,835   $ 328,081 
      Adjustments to reconcile net income to net
        cash provided by operating activities:
         Depreciation, depletion and amortization         159,089     329,586 
         Changes in operating assets and liabilities:
           Increase in receivable from General Partner   (340,816)    (29,595)
           Decrease in accrued liabilities                 (6,130)    (10,377)

        Net cash provided by operating activities         356,978     617,695 


     Cash flows from investing activities:
      Additions to oil and gas properties
        and equipment                                        (901)   (113,421)

        Net cash used in investing activities                (901)   (113,421)

     Cash flows from financing activities:
      Distributions to General Partner                   (482,549)   (439,626)
      Contributions by General Partner                    128,981     133,697 
      Distributions to Limited Partners                      --      (200,000)

        Net cash used in financing activities            (353,568)   (505,929)

        Net increase (decrease) in cash                     2,509      (1,655)

     Cash at beginning of period                          182,797     261,194 

     Cash at end of period                              $ 185,306   $ 259,539 
     </TABLE>
     [FN]

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











                                C&K 1980 FUND-B, LTD.
                            (A Texas Limited Partnership)
                            NOTES TO FINANCIAL STATEMENTS
                                     (Unaudited)


     NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      Organization

        The C&K 1980 Fund-B, Ltd. (the "Partnership"), a Texas Limited
     Partnership, was organized on January 29, 1980 to acquire, explore,
     develop and operate onshore oil and gas properties in the United States and
     commenced operations on October 15, 1980.  Total initial Limited Partner
     contributions were $6,050,000, including $100,000 contributed by C&K
     Petroleum, Inc. ("C&K"), the initial General Partner.  On August 25, 1981,
     C&K requested the Limited Partners to pay an additional assessment of
     $1,512,500, or 25% of their initial contributions.  Of this amount, C&K
     paid $157,500 for thirty-two Limited Partners who declined to pay their
     share of the additional assessments.

        C&K, after several corporate reorganizations beginning in September of
     1984 and ending in December of 1991, was acquired by Ultramar Oil and Gas
     Limited ("UOGL"), an indirect wholly-owned subsidiary of LASMO plc. 
     Effective November 18, 1992, UOGL was sold to Williams-Cody Limited
     Liability Company ("WCLLC"), a Wyoming limited liability company owned by
     Williams Gas Management Company ("WGMan") and Cody Resources, Inc.
     On January 1, 1993, UOGL changed its name to Williams-Cody, Inc.
     ("Williams-Cody").

        Effective May 1, 1993, Cody Company, a wholly owned subsidiary of The
     Gates Corporation, purchased the units of WCLLC owned by WGMan.  As a
     result of this acquisition, the unit holders of WCLLC are Cody Company and
     its wholly owned subsidiary, Cody Resources, Inc.  Subsequently, effective
     May 15, 1993, the name of Williams-Cody, Inc. was changed to CODY ENERGY,
     INC. ("CODY"), and the name of Williams-Cody Limited Liability Company was
     changed to Gates-Cody Energy Company ("GCEC"), a Limited Liability
     Company. CODY was the surviving corporation and, pursuant to the
     authority provided in the Partnership Agreement, managed and controlled
     the Partnership's affairs and was responsible for the activities of the
     Partnership.

         On January 1, 1997, CODY created two new subsidiary companies to hold
     its Texas assets.  To the first company, CODY TEXAS, L.P., a Texas
     limited partnership ("CODY TEXAS"), CODY transferred its interest in the
     Partnership, with CODY TEXAS becoming the successor general partner of the
     Partnership.  The second company, Cody Oil and Gas, Inc., a wholly owned
     subsidiary of CODY, serves as the general partner of CODY TEXAS.
  
      Basis of Accounting

        The accounts of the Partnership are maintained on the accrual basis in
     accordance with accounting practices permitted for federal income tax
     reporting purposes.  In order to present the accompanying financial
     statements on the basis of generally accepted accounting principles for
     financial reporting purposes, adjustments have been made to account for oil
     and gas properties under the full cost method of accounting.

      Oil and Gas Properties

        The Partnership uses the full cost method of accounting for oil and gas
     properties in accordance with rules prescribed by the Securities and
     Exchange Commission ("SEC").  Under this method, all costs incurred in
     connection with the exploration for and development of oil and gas reserves
     are capitalized.  Such capitalized costs include lease acquisition,
     geological and geophysical work, delay rentals, drilling, completing and
     equipping oil and gas wells and other related costs, together with costs
     applicable to CODY's technical personnel directly engaged in evaluating and
     maintaining oil and gas prospects and drilling oil and gas wells. 
     Maintenance and repairs are charged against income when incurred.  Renewals
     and betterments which extend the useful life of properties are capitalized.

        The capitalized costs of all oil and gas properties are depleted on a
     composite units-of-revenue method computed on a future gross revenue
     basis.  An additional depletion provision is made if the total
     capitalized costs of oil and gas properties exceed the "capitalization
     ceiling", which is calculated as the present value of future net
     revenues for estimated production of the Partnership's proved oil and
     gas reserves as furnished by independent petroleum engineers.

        Future gross revenues have been estimated using rules prescribed by the
     SEC.  Under these rules, year-end prices are utilized in determining future
     gross revenues.

      New Accounting Standard

        In March 1995, the Financial Accounting Standards Board issued Statement
     of Financial Accounting Standard No. 121, "Accounting for the Impairment
     of Long-Lived Assets and for Long-Lived Assets to be Disposed Of" ("SFAS 
     No. 121"), which requires impairment losses to be recorded on long-lived
     assets used in operations when indications of impairment are present.  The
     Partnership adopted SFAS No. 121 during 1996, with no impact on its
     financial statements.

      Net Income (Loss) per Limited Partnership Unit

        Net income (loss) per limited partnership unit is computed by obtaining
     the Limited Partners' net income (loss) (see Statements of Changes in
     Partners' Capital) and dividing by the total limited partnership units
     outstanding.

      Contributions and Distributions

        Contributions by the General Partner, as presented in the Statements of
     Changes in Partners' Capital, represent amounts paid by the General Partner
     for its allocated share of the Partnership's costs and expenses. 
     Distributions to the General Partner represent amounts collected by the
     General Partner for its allocated share of the Partnership's revenues. 
     Distributions to Limited Partners represent periodic payments of available
     cash, as determined in accordance with the terms of the Partnership
     Agreement (cash in excess of the amounts necessary to meet such partners'
     share of existing or future obligations of the Partnership).

      Receivable from the General Partner

        The receivable from the General Partner consists of the Limited
     Partners' share of proceeds from the sales of the Partnership's crude oil
     and natural gas, net of related operating and general administrative
     expenses.  The General Partner acts as the collection agent for the
     Partnership's receivables and remits sales revenues collected in the period
     received.  The Partnership has no recourse against the General Partner for
     amounts deemed uncollectible.

      Revenue Recognition

        The Partnership recognizes oil and gas revenues for only its ownership
     percentage of total production under the entitlement method.  Purchase,
     sale and transportation of natural gas and crude oil are recognized upon
     completion of the sale and when transported volumes are delivered.

      Concentration of Credit Risk

        Financial instruments which subject the Partnership to concentrations
     of credit risk consist principally of trade receivables.  The Partnership's
     policy is to evaluate, prior to entering agreements, each purchaser's
     financial condition.  The Partnership sells to purchasers with different
     geographic and economic characteristics.

      Use of Estimates

        The preparation of the Partnership's financial statements in conformity
     with generally accepted accounting principles necessarily requires
     management to make estimates and assumptions that affect the reported
     amounts of assets and liabilities and disclosure of contingent assets and
     liabilities at the balance sheet dates and the reported amounts of revenues
     and expenses during the reporting periods.  Actual results could differ
     from those estimates.

      Reclassification

        Certain amounts from prior years have been reclassified to be consistent
     with the financial statement presentation for 1997.  Such reclassifications
     had no effect on net income.


     NOTE 2 - GAS CONTRACT

        Since June 1, 1993, Williams Gas Marketing has purchased all of the
     Partnership's natural gas production under an agreement that calls for
     market responsive prices which are tied to a published index.  The
     Partnership remains responsible for all costs related to production,
     gathering, processing or severance of the gas prior to Delivery Point.
     These costs have been recorded as marketing deductions in the financial
     statements.


     NOTE 3 - ALLOCATION OF PARTNERSHIP REVENUES, COSTS AND EXPENSES

        The Partnership Agreement provides that revenues, costs and expenses
     shall be allocated to the partners as follows:

                                                         Limited       General
                                                         Partners      Partner
     REVENUES
      Sale of Production   . . . . . . . . . . . . . . . .  50%           50%
      Sale of Equipment  . . . . . . . . . . . . . . . . .  50            50
      Interest Income  . . . . . . . . . . . . . . . . . .  99             1

     COSTS AND EXPENSES
      Organization and Offering Expenses Other than
       Sales Commissions   . . . . . . . . . . . . . . . .   0           100
      Leasehold Acquisition Costs  . . . . . . . . . . . .   0           100
      Subsequent Leasehold Acquisition Costs   . . . . . .  50            50
      Intangible Drilling Costs  . . . . . . . . . . . . .  99             1
      Tangible Drilling and Completion Costs Relating to
       Commercially Productive Wells   . . . . . . . . . .   0           100
      Post-Completion Costs  . . . . . . . . . . . . . . .  50            50
      Operating Costs  . . . . . . . . . . . . . . . . . .  50            50
      Special Costs  . . . . . . . . . . . . . . . . . . .  99             1
      General and Administrative Expenses  . . . . . . . .  50            50

        The depreciation, depletion and amortization provision is calculated
     based on discrete calculations utilizing the Partnership's and the
     partners' share of the related capital costs and estimated future net
     revenues.  For financial statement purposes, each partner's depreciation,
     depletion and amortization provision has been increased by the amount that
     his share of unamortized costs exceeded the capitalization ceiling.  During
     1997 and 1996, the net capitalized costs of the Partnership's properties
     did not exceed the capitalization ceiling.

        The combining adjustment included in the partners' capital of $683,683
     and $807,806 at June 30, 1997 and 1996, respectively, represents the
     difference resulting from computing the full cost ceiling test in prior
     years on the total partnership basis, which is used for financial reporting
     purposes, and the limited partners and general partner basis.  The
     adjustment is an allocation of partners' capital and does not affect net
     income.


     NOTE 4 - PURCHASE OF LIMITED PARTNERS' INTERESTS

        The Limited Partners may require the General Partner to purchase up to
     ten percent of their interests annually.  The purchase price is based on
     the Limited Partners' proportionate share of the sum of (i) two-thirds of
     the present worth of estimated future net revenues discounted at the prime
     rate in effect on the applicable valuation date plus one percent, (ii) the
     present value of the estimated salvage value of all production facilities
     and tangible assets, and (iii) the net book value of all other assets and
     liabilities.

        In addition to the 20 units purchased by the General Partner for its
     initial capital contribution, a total of 772.33333 units had been
     purchased from Limited Partners as of December 31, 1996.  At January 1,
     1997, the General Partner calculated a purchase price of $3,157.53 per
     unit for Limited Partners who paid the additional assessment ("assessed
     Limited Partners") and $2,526.03 per unit for Limited Partners who had not
     paid the additional assessment ("nonassessed Limited Partners").  Within
     the prescribed tender period, which ended June 30, 1997, 58 Limited
     Partners tendered 86 assessed units and 15 nonassessed units for a total
     repurchase amount of $309,438.04.  Effective with these repurchases, the
     General Partner will own 812.33333 assessed limited partnership units and
     81 nonassessed limited partnership units.


     NOTE 5 - SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

        The General Partner is reimbursed for administrative and overhead costs
     incurred in conducting the business of the Partnership.  Such
     reimbursements ($45,375 per quarter) have been the maximum allowed under
     the terms of the Partnership Agreement.

        During the first half of 1997 and 1996, the Partnership distributed
     $482,549 and $439,626, respectively, to the General Partner for its
     allocated share of net revenues, and the General Partner contributed
     $128,981 and $133,697, respectively, for its allocated share of costs and
     expenses.


     NOTE 6 - INCOME TAXES

        Income taxes are not levied at the Partnership level, but rather on the
     individual partners; therefore, no provision for liability for federal and
     state income taxes has been reflected in the accompanying financial
     statements.  The tax returns, the qualification of the Partnership as a
     partnership for tax purposes, and the amount of the Partnership's income or
     loss is subject to examination by federal and state tax authorities.  If
     such examinations result in changes with respect to the Partnership's
     qualifications or in changes in the Partnership's income or loss, the tax
     liability of the partners could be changed accordingly.
     <PAGE>

































                                C&K 1980 FUND-B, LTD.

     Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
              AND RESULTS OF OPERATIONS

     LIQUIDITY AND CAPITAL RESOURCES

        Net cash provided by operating activities for the six months ended
     June 30, 1997 was $356,978, compared to $617,695 for the corresponding
     period in 1996.  This decrease resulted primarily from a decrease in the
     depreciation, depletion and amortization and an increase in the
     receivable from the General Partner.

        Capital expenditures during the first six months of 1997 were $901,
     compared to $113,421 for the first six months of 1996.  The capital
     expenditures incurred in 1996 were attributable mainly to the drilling 
     of the C. Montalvo well ($95,879) and completion of the Manual Pena #1
 .    well, which was shut-in at December 31, 1995.  The Partnership has no
     immediate plans for additional exploratory or developmental capital
     programs in 1997 except those necessary to maintain well productivity.

        During the first six months of 1997 and 1996, the Partnership
     distributed $482,549 and $439,626, respectively, to the General Partner
     for its share of net revenues.  During these same periods, the General
     Partner's contribution for its share of costs and expenses was $128,981
     and $133,697, respectively.  The Limited Partners received distributions
     of $200,000 in the first six months of 1996 and none during this period 
     in 1997.

        The Partnership's financing requirements for operating expenses and
     development capital are currently provided by revenues from its producing
     operations.  The Partnership does not consider long-term financing
     arrangements, either with the General Partner or other sources, as
     necessary at this time.

        The Partnership cannot predict with any degree of certainty the prices
     it will receive in the remainder of 1997 or in future years for its crude
     oil and natural gas.  The Partnership's financial condition, operating
     results and liquidity will continue to be materially affected by any
     significant fluctuations in sales prices.  The Partnership's ability to
     internally generate funds for capital expenditures will be similarly
     affected. 


     RESULTS OF OPERATIONS

       Three Months Ended June 30, 1997 vs. Three Months Ended June 30, 1996

        Net income for the second quarter ended June 30, 1997 was $172,155, a
     decrease of $39,550, or 19%, from net income of $211,705 reported for the
     same period in 1996.  This decrease resulted primarily from a decrease in
     oil and gas revenues, offset by a decrease in depreciation, depletion
     and amortization.

        Crude oil and natural gas sales for the three months ended June 30,
     1997 of $596,155 decreased $175,179, or 29%, compared to the same period in
     1996.  Crude oil production increased to 52 barrels per day, and natural
     gas production and plant products decreased to 1,528 mcf per day and 786
     equivalent mcf per day, respectively, during this period, compared to the
     1996 level of 48 barrels, 1,839 mcf, and 854 equivalent mcf, respectively,
     per day. In the second quarter of 1997, average sales prices decreased
     to $17.96 per barrel for crude oil and to $1.91 per mcf for natural gas,
     compared to $20.79 per barrel and $2.02 per mcf, respectively, in 1996.
     Prices for plant products decreased to $1.00 per equivalent mcf for the
     second quarter of 1997, compared to $2.16 per equivalent mcf for the
     second quarter of 1996.  Non-recurring price adjustments to prior period
     accruals in 1997 caused this price decrease for the second quarter.
     
        Interest income decreased $873, or 41%, in 1997 due to a reduction in
     cash available for investment subsequent to a fourth quarter 1996 cash
     distribution of $500,000 to Limited Partners.

        Lease operating expense for the three months ended June 30, 1997
     increased $2,671, or 4%, compared to the same period in 1996.  Production
     taxes decreased $13,230, or 34%, which corresponds to the decrease in
     crude oil and natural gas sales.  Marketing deductions were $42,393 for
     the three months ended June 30, 1997, an increase of $3,370, or 9%, 
     compared to the same period in 1996.

        Depreciation, depletion and amortization expense decreased $130,128,
     or 67%, for the second quarter of 1997 compared to 1996.  Unusually high
     year-end prices resulted in an increase in reserve values assigned to
     the properties by independent reserve engineers, effective January 1,
     1997, which in turn reduced the quarterly amortization amounts in 1997.
     General and administrative expenses for the three months ended June 30,
     1997 increased $815, or 2%, compared to the same period in 1996.


       Six Months Ended June 30, 1997 vs. Six Months Ended June 30, 1996

        Net income for the six months ended June 30, 1997 was $544,835, an
     increase of $216,754, or 66%, from net income of $328,081 reported for
     the same period in 1996.  This increase resulted primarily from a 
     decrease in depreciation, depletion and amortization, offset by an
     increase in oil and gas revenues.

        Crude oil and natural gas sales for the six months ended June 30,
     1997 of $1,105,486 increased $69,569, or 7%, compared to the same period
     in 1996.  Crude oil production decreased to 51 barrels per day, and natural
     gas production and plant products increased to 1,529 mcf per day and 779
     equivalent mcf per day, respectively, during this period, compared to the
     1996 level of 53 barrels, 1,526 mcf, and 767 equivalent mcf, respectively,
     per day. In the first half of 1997, the average sales prices increased
     to $19.91 per barrel for crude oil, $2.31 per mcf for natural gas, and
     $2.01 per equivalent mcf for plant products, compared to $19.33 per
     barrel, $2.09 per mcf, and $1.92 per equivalent mcf, respectively, in
     1996.

        Interest income decreased $1,774, or 41%, in 1997 due to a reduction 
     in cash available for investment subsequent to a fourth quarter 1996 cash
     distribution of $500,000 to Limited Partners.

        Lease operating expense for the six months ended June 30, 1997
     increased $34,008, or 26%, compared to the same period in 1996.  The
     increase is primarily due to nonrecurring workover expenses of $30,239 on 
     the Jesus Pena #1 well necessary to maintain production.  Production taxes

     increased $7,016, or 11%, in the first six months of 1997 compared to
     1996, which corresponds to the increase in crude oil and natural gas
     sales.  Marketing deductions were $67,989 for the six months ended 
     June 30, 1997, a decrease of $23,329, or 26%, compared to the same period
     in 1996, the result of lower gathering and transportation rates provided
     by a new transporter effective February 1, 1996.

        Depreciation, depletion and amortization expense decreased $170,497,
     or 52%, in 1997 compared to 1996.  Unusually high year-end prices
     resulted in an increase in reserve values assigned to the properties by
     independent reserve engineers, effective January 1, 1997, which in turn 
     reduced the quarterly amortization amounts in 1997.  General and
     administrative expenses for the six months ended June 30, 1997
     increased by $3,843, or 4%, compared to the same period in 1996.
     <PAGE>










                             PART II - OTHER INFORMATION

                                C&K 1980 FUND-B, LTD.


     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

              Not applicable.

     Item 5.  Other Information

              None.

     Item 6.  Exhibits and Reports on Form 8-K

              None.
     <PAGE>





                                      SIGNATURE


         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.



                                           C&K 1980 Fund-B, Ltd.
                                           (Registrant)


                                       By: /s/ Dan R. Taylor
                                           Dan R. Taylor
                                           Vice President, Finance & Accounting
                                           CODY TEXAS, L.P.
                                           Successor General Partner



     Date:  August 11, 1997
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