DAWSON PRODUCTION SERVICES INC
10-Q/A, 1996-08-16
OIL & GAS FIELD SERVICES, NEC
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   Form 10-Q/A
                                  Amendment 1

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 For the quarterly period ended June 30, 1996.

[_]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 For the transition period from ________ to _______.

                         Commission file number 0-27732

                        DAWSON PRODUCTION SERVICES, INC.
             (Exact name of registrant as specified in its charter)

                  TEXAS                                    74-2231546
      (State or other jurisdiction                      (I.R.S. Employer
            or organization)                           Identification No.)

       901 N.E. Loop 410, Suite 700
           San Antonio, Texas                              78209-1306
 (Address of principal executive offices)                  (Zip Code)

        Registrants telephone number, including area code: (210) 828-1838

                                 NOT APPLICABLE
              (Former name, former address and former fiscal year,
                         if changed since last report)

     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 and 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 [ ]

     The number of shares outstanding of each of the issuer's classes of common
stock, as of August 9, 1996: Common Stock, $0.01 par value - 6,391,125 shares.

<PAGE>

                        DAWSON PRODUCTION SERVICES, INC.

                 I.R.S. EMPLOYER IDENTIFICATION NO. 74-2231546

                         COMMISSION FILE NUMBER 0-27732

                                  FORM 10-Q/A

                                  AMENDMENT 1

Exhibit 27, the Financial Data Schedule, is being amended solely to correct
typographical errors in the original exhibit filed August 14, 1996.

<PAGE>

                                   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, thereto duly authorized.

                            DAWSON PRODUCTION SERVICES, INC.

                            By: /s/ P. MARK STARK
                                    P. Mark Stark, Chief Financial Officer

                                    (Principal Financial and Accounting Officer)

Date: August 16, 1996



<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                      12,084,281
<SECURITIES>                                         0
<RECEIVABLES>                               10,099,170
<ALLOWANCES>                                   193,362
<INVENTORY>                                          0
<CURRENT-ASSETS>                            23,158,119
<PP&E>                                      44,972,701
<DEPRECIATION>                              14,148,327
<TOTAL-ASSETS>                              57,574,117
<CURRENT-LIABILITIES>                        6,759,917
<BONDS>                                              0
                                0
                                          0
<COMMON>                                        63,912
<OTHER-SE>                                  46,710,101
<TOTAL-LIABILITY-AND-EQUITY>                57,574,117
<SALES>                                     14,677,591
<TOTAL-REVENUES>                            14,677,591
<CGS>                                       13,127,816
<TOTAL-COSTS>                               13,127,816
<OTHER-EXPENSES>                             (122,213)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              65,378
<INCOME-PRETAX>                              1,606,610
<INCOME-TAX>                                   590,960
<INCOME-CONTINUING>                          1,015,650
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,015,650
<EPS-PRIMARY>                                      .16
<EPS-DILUTED>                                      .16
        



</TABLE>


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