United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Name of Issuer: Black Giant Oil Company
Title of Class of Securities: Common
Cusip Number: 092036 10 2
Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications: Ivan Wayne Webb, P. O. Box 31, Cisco, Texas 76437,
254-442-3968
Date of Event which Requires Filing of this Statement: September 22, 1997
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sec. 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]
1. Ivan Wayne Webb, SS####-##-####
2.
3.
4. PF and OO
5.
6. USA
7. 2,277,176
8. 200,000
9. 2,277,176
10. 200,000
11. 2,477,176
12.
13. 12.52%
14. IN
Item 1. The title and class of equity securities to which this statement
relates is "Common Stock". The name and address of the principal executive
offices of the issuer is: Black Giant Oil Company, 1301 Avenue M, Cisco,
Texas 76437
Item 2.
(a) Name: Ivan Wayne Webb
(b) Business Address: P. O. Box 31, Cisco, Texas 76437
(c) Present Principal Occupation: Oil & Gas
(d) Ivan Wayne Webb has not been convicted in any criminal proceedings.
(e) Ivan Wayne Webb has not been a party to a civil proceeding in the last
5 years.
(f) Ivan Wayne Webb is a U. S. Citizen.
Item 3.
Shares issued in lieu of salary.
Item 4.
(a) These shares were issued in lieu of salary.
Item 5.
(a) The number and percent of the class of securities held directly and
beneficially is 2,477,176 shares which represents 12.52% of the amount
outstanding.
(b) Ivan Wayne Webb has sole voting power over 2,277,176 shares and has
sole dispositive power over 2,277,176 shares. Ivan Wayne Webb has
shared voting and dispositive power over an additional 200,000 shares of
the Issuer's common stock.
(c) Zero shares were disposed of in the last 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6.
Not applicable.
Item 7.
None
SIGNATURE:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
/S/ Ivan Wayne Webb
July 15, 1998
