LOUIS DREYFUS NATURAL GAS CORP
10-Q/A, 1996-10-10
CRUDE PETROLEUM & NATURAL GAS
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 Form 10-Q/A
                               Amendment No. 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

                                   or 

[   ]   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 1-12480

                        LOUIS DREYFUS NATURAL GAS CORP.
            (Exact name of registrant as specified in its charter)


                OKLAHOMA                             73-1098614
    (State or other jurisdiction of                (IRS Employer
     incorporation or organization)             Identification No.)

14000 QUAIL SPRINGS PARKWAY, SUITE 600
       OKLAHOMA CITY, OKLAHOMA                           73134
(Address of principal executive office)               (Zip code)

    Registrant's telephone number, including area code:  (405) 749-1300

                                     NONE    
(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 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     .
                                                   -----   -----
27,800,000 shares of common stock, $.01 par value, issued and outstanding at
August 6, 1996.
<PAGE>
<PAGE>   2
                         LOUIS DREYFUS NATURAL GAS CORP.
                                 




PART I.  FINANCIAL INFORMATION                                             

No changes.

PART  II.   OTHER  INFORMATION                                             

This Form 10-Q/A dated October 9, 1996 is being filed to resubmit "Exhibit 27
- -- Financial Data Schedule" which was not successfully transmitted with the
quarterly report on Form 10-Q for June 30, 1996, filed August 13, 1996.  No
other changes or modifications have been made.

Item 6 -- Exhibits and Reports on Form 8-K
Exhibits:
27.1 -- Financial Data Schedule







<PAGE>
<PAGE>   3
                         LOUIS DREYFUS NATURAL GAS CORP.
                                  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 thereunto duly authorized.


                                 LOUIS DREYFUS NATURAL GAS CORP.
                                 -----------------------------------
                                 (Registrant)



Date:  October 9, 1996           /s/ Jeffrey A. Bonney
                                 -----------------------------------
                                 Jeffrey A. Bonney
                                 Vice President and Chief Accounting Officer




<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the 
unaudited Consolidated Balance Sheet at June 30, 1996 and the unaudited
Consolidated Statement of Income for the six months ended June 30, 1996
and is qualified in its entirety by reference to such financial 
statements.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          10,640
<SECURITIES>                                         0
<RECEIVABLES>                                   31,103
<ALLOWANCES>                                   (1,109)
<INVENTORY>                                      1,489
<CURRENT-ASSETS>                                48,205
<PP&E>                                         854,126
<DEPRECIATION>                                 218,382
<TOTAL-ASSETS>                                 691,021
<CURRENT-LIABILITIES>                           34,612
<BONDS>                                        337,933
                                0
                                          0
<COMMON>                                           278
<OTHER-SE>                                     249,089
<TOTAL-LIABILITY-AND-EQUITY>                   691,021
<SALES>                                         83,639
<TOTAL-REVENUES>                                85,666
<CGS>                                           21,544
<TOTAL-COSTS>                                   75,538
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              13,657
<INCOME-PRETAX>                                 10,128
<INCOME-TAX>                                     3,342
<INCOME-CONTINUING>                              6,786
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     6,786
<EPS-PRIMARY>                                      .24
<EPS-DILUTED>                                      .24
        

</TABLE>


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