United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 1996

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from...............to...............

Commission file number 33-45253

ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
(Exact name of small business issuer as specified in its charter)

New Jersey 76-0303885
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

Suite 200, Three Kingwood Place
Kingwood, Texas 77339
(Address of principal executive offices)

Issuer's telephone number (713) 358-8401

Check whether the issuer (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 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

Transitional Small Business Disclosure Format (Check one):

Yes No x

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
BALANCE SHEET
- ---------------------------------------------------------------------------

JUNE 30,
ASSETS 1996
-----------------
(Unaudited)
CURRENT ASSETS:

Cash $ 8,684
Accounts receivable - oil & gas sales 33,432
Other current assets 130
-----------------

Total current assets 42,246
-----------------

OIL & GAS PROPERTIES
(Successful efforts accounting method) - Proved
mineral interests and related equipment & facilities 1,139,045
Less accumulated depreciation and depletion 505,081
-----------------

Property, net 633,964
-----------------

ORGANIZATION COSTS
(Net of accumulated amortization of $17,513) 22,902
-----------------

TOTAL $ 699,112
=================

LIABILITIES AND PARTNERS' CAPITAL

CURRENT LIABILITIES:
Accounts payable $ 44,185
Note payable to general partner 22,602
Payable to general partner 28,592
-----------------

Total current liabilities 95,379
-----------------

NONCURRENT PAYABLE TO GENERAL PARTNER 37,186
-----------------

PARTNERS' CAPITAL:
Limited partners 551,743
General partner 14,804
-----------------

Total partners' capital 566,547
-----------------

TOTAL $ 699,112
=================

See accompanying notes to financial statements.
- -------------------------------------------------------------------------------

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ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.
STATEMENT OF OPERATIONS
- ------------------------------------------------------------------------

QUARTER ENDED SIX MONTHS ENDED
--------------------- -----------------------
(UNAUDITED)
JUNE 30, JUNE 30, JUNE 30, JUNE 30,
1996 1995 1996 1995
---------- --------- --------- ------------

REVENUES:

Oil and gas sales ...................... $ 95,564 $ 93,451 $ 188,806 $ 197,189
--------- --------- --------- ---------

EXPENSES:
Depreciation, depletion and amortization 29,543 39,304 60,224 84,483
Impairment of property ................. -- -- 201,736 --
Lease operating expenses ............... 56,374 59,813 103,231 118,125
Production taxes ....................... 4,569 4,233 8,914 9,092
General and administrative ............. 5,867 6,704 14,379 14,569
--------- --------- --------- ---------

Total expenses ........................... 96,353 110,054 388,484 226,269
--------- --------- --------- ---------

LOSS FROM OPERATIONS ..................... (789) (16,603) (199,678) (29,080)
--------- --------- --------- ---------

OTHER EXPENSE:
Interest expense ....................... (1,594) (1,797) (1,932) (3,902)
--------- --------- --------- ---------

NET LOSS ................................. $ (2,383) $ (18,400) $(201,610) $ (32,982)
========= ========= ========= =========

See accompanying notes to financial statements.
- --------------------------------------------------------------------------

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ENEX OIL AND GAS INCOME PROGRAM VI - SERIES 1, L.P.
STATEMENT OF CASH FLOWS
- ------------------------------------------------------------

(UNAUDITED) SIX MONTHS ENDED
---------------------

JUNE 30, JUNE 30,
1996 1995
--------- ---------
CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss ..................................... $(201,610) $ (32,982)
--------- ---------

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion and amortization ... 60,224 84,483
Impairment of property ..................... 201,736 --
(Increase) decrease in:
Accounts receivable - oil & gas sales ...... (6,964) (4,430)
Other current assets ....................... 2,002 (2,355)
Increase (decrease) in:
Accounts payable ......................... 13,454 2,150
Payable to general partner ................ (13,299) 32,794
--------- ---------

Total adjustments ............................ 257,153 112,642
--------- ---------

Net cash provided by operating activities ... 55,543 79,660
--------- ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions - development costs ... (17,777) (35,127)
--------- ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of note payable to general partner (19,658) (11,098)
Cash distributions ......................... (12,234) (30,480)
--------- ---------

Net cash used by financing activities ........ (31,892) (41,578)
--------- ---------

NET INCREASE IN CASH ......................... 5,874 2,955

CASH AT BEGINNING OF PERIOD .................. 2,810 1,966
--------- ---------

CASH AT END OF PERIOD ........................ $ 8,684 $ 4,921
========= =========

See accompanying notes to financial statements.
- --------------------------------------------------------------------------

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ENEX OIL & GAS INCOME PROGRAM VI - SERIES 1, L.P.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

1. The financial information included herein is unaudited; however, such
information reflects all adjustments (consisting solely of normal
recurring adjustments) which are, in the opinion of management,
necessary for a fair presentation of results for the interim period.

2. A cash distribution was made to the limited partners of the Company in
the amount of $5,839 representing net revenues from the temporary
investment of proceeds from subscriptions by the Company. This
distribution was made on April 30, 1996.

3. On December 29, 1994, in order to partially finance the purchase of
producing oil and gas properties, the Company borrowed $87,000 from the
general partner. The resulting note payable to the general partner
bears interest at the general partner's borrowing rate of prime plus
three-fourths of one-percent. Principal repayments of $7,370 were
made on the note during the second quarter of 1996. The weighted
average principal outstanding during the second quarter of 1996 and
1995 was $27,786 and $77,718, respectively, and bore interest at an
average rate of 9.72% and 9.75% in the first quarter of 1996 and 1995,
respectively.

4. On August 9, 1996, the Company's General Partner submitted preliminary
proxy material to the Securities Exchange Commission with respect to a
proposed consolidation of the Company with 33 other managed limited
partnerships. The terms and conditions of the proposed consolidation
are set forth in such preliminary proxy material.

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Item 2. Management's Discussion and Analysis or Plan of Operation

Second Quarter 1996 Compared to Second Quarter 1995

Oil and gas sales for the second quarter increased from $93,451 in 1995 to
$95,564 in 1996. This represents an increase of $2,113 (2%). Oil sales decreased
by $2,244 or 3%. A 14% decrease in oil production reduced sales by $12,726. This
decrease was partially offset by a 14% increase in average oil sales prices. Gas
sales increased by $4,357 or 111%. A 35% increase in gas production increased
sales by $1,377. A 56% increase in average gas sales price increased sales by an
additional $2,980. The decrease in oil production was primarily the result of
natural production declines. The higher average oil sales price corresponds with
higher prices in the overall market for the sale of oil. The increase in gas
production was primarily the result of enhanced production improvements on the
Concord acquisition. The increase in average gas prices was due to relatively
higher production from the Concord acquisition, which has a higher gas sales
price, coupled with higher prices in the overall market for the sale of gas.

Lease operating expenses decreased from $59,813 in the second quarter of 1995 to
$56,374 in the second quarter of 1996. The decrease of $3,439 (6%) is primarily
due to lower operating costs incurred on the McBride acquisition in 1996, as a
result of new techniques utilized to control paraffin build-up.

Depreciation and depletion expense decreased from $37,283 in the second quarter
of 1995 to $27,522 in the second quarter of 1996. This represents a decrease of
$9,761 (26%). The changes in production, noted above, reduced depreciation and
depletion expense by $2,945. A 20% decrease in the depletion rate reduced
depreciation and depletion expense by an additional $6,816. The rate decrease is
primarily due to the lower property basis resulting from the recognition of an
impairment of property for $201,736 in the first quarter of 1996.

General and administrative expenses decreased from $6,704 in the second quarter
of 1995 to $5,867 in the second quarter of 1996. This decrease of $837 (12%) is
primarily due to less staff time being required to manage the Company's
operations.

First Six Months of 1995 Compared to First Six Months of 1996

Oil and gas sales for the first six months decreased from $197,189 in 1995 to
$188,806 in 1996. This represents a decrease of $8,383 (4%). Oil sales decreased
by $15,388 or 8%. A 20% decrease in oil production reduced sales by $37,246.
This decrease was partially offset by a 15% increase in average oil sales
prices. Gas sales increased by $7,005 or 73%. A 21% increase in gas production
increased sales by $1,989. A 43% increase in average gas sales price increased
sales by an additional $5,016. The decrease in oil production was primarily the
result of natural production declines coupled with lower production from the
McBride acquisition which was shut- in during January and February of 1996 due
to extreme low temperatures. The higher average oil sales price corresponds with
higher prices in the overall market for the sale of oil. The increase in gas
production was primarily the result of enhanced production improvements on the
Concord acquisition. The increase in average gas prices was due to relatively
higher production from the Concord acquisition, which has a higher gas sales
price, coupled with higher prices in the overall market for the sale of gas.

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Lease operating expenses decreased from $118,125 in the first six months of 1995
to $103,231 in the first six months of 1996. The decrease of $14,894 (13%) is
primarily due to lower operating costs incurred on the McBride acquisition in
1996, as a result of new techniques utilized to control paraffin build-up.

Depreciation and depletion expense decreased from $80,442 in the first six
months of 1995 to $56,183 in the first six months of 1996. This represents a
decrease of $24,259 (30%). The changes in production, noted above, reduced
depreciation and depletion expense by $11,846. An 18% decrease in the depletion
rate reduced depreciation and depletion expense by an additional $12,413. The
rate decrease is primarily due to the lower property basis resulting from the
recognition of an impairment of property for $201,736 in the first quarter of
1996.

The Financial Accounting Standards Board has issued Statement of Financial
Accounting Standard ("SFAS") No. 121, "Accounting for the Impairment of
Long-Lived Assets and for Long- Lived Assets to be Disposed Of," which requires
certain assets to be reviewed for impairment whenever events or circumstances
indicate the carrying amount may not be recoverable. In the first quarter of
1996, the Company recognized a non-cash impairment provision of $201,736 for
certain oil and gas properties due to market indications that the carrying
amounts were not fully recoverable.

General and administrative expenses decreased from $14,569 in the first six
months of 1995 to $14,379 in the first six months of 1996. This decrease of $190
(1%) is primarily due to less staff time being required to manage the Company's
operations.

CAPITAL RESOURCES AND LIQUIDITY

The Company's cash flow from operations is a direct result of the amount of net
proceeds realized from the sale of oil and gas production. Accordingly, the
changes in cash flow from 1995 to 1996 are primarily due to the changes in oil
and gas sales described above. It is the general partner's intention to
distribute substantially all of the Company's available cash flow to the
Company's partners.

The Company will continue to recover its reserves and distribute to the limited
partners the net proceeds realized from the sale of oil and gas production after
payment of its debt obligations. Distribution amounts are subject to change if
net revenues are greater or less than expected. Nonetheless, the general partner
believes the Company will continue to have sufficient cash flow to fund
operations and to maintain a regular pattern of distributions.

On August 9, 1996, the Company's General Partner submitted preliminary proxy
material to the Securities Exchange Commission with respect to a proposed
consolidation of the Company with 33 other managed limited partnerships. The
terms and conditions of the proposed consolidation are set forth in such
preliminary proxy material.

As of June 30, 1996, the Company had no material commitments for capital
expenditures. The Company does not intend to engage in any significant
developmental drilling activity.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

None

Item 2. Changes in Securities.

None

Item 3. Defaults Upon Senior Securities.

Not Applicable

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

Not Applicable

Item 5. Other Information.

Not Applicable

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

(a) There are no exhibits to this report.

(b) The Company filed no reports on Form 8-K during the
quarter ended June 30, 1996.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

ENEX OIL & GAS INCOME
PROGRAM VI - 1, L.P.
(Registrant)

By:ENEX RESOURCES CORPORATION
General Partner

By: /s/ R. E. Densford
R. E. Densford
Vice President, Secretary
Treasurer and Chief Financial
Officer

August 13, 1996 By: /s/ James A. Klein
-------------------
James A. Klein
Controller and Chief
Accounting Officer