8-K

                        SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.    20549

                                -----------------


                                     FORM 8-K


                                  CURRENT REPORT


                     PURSUANT TO SECTION 13 OR 15(D) of the 
                         SECURITIES EXCHANGE ACT OF 1934



 Date of Report (Date of earliest event reported):              May 27, 1997






                                   ALAMCO, INC.
                (Exact Name of Registrant as Specified in Charter)




       Delaware                         1-8490                     55-0615701
 (State or Other Jurisdiction        (Commission                 (IRS Employer
       of Incorporation)             File Number)               Identification
                                                                        No.)



       200 West Main Street, Clarksburg, West Virginia                 26301
       (Address of Principal Executive Offices)                     (Zip Code)



 Registrant's telephone number, including area code:            (304) 623-6671




                                                                  Page 1 of 5
                                               Exhibit Index begins on page 4

Item 5.  Other Events

      On May 27, 1997, Alamco, Inc. ("Alamco") announced that it had entered
into a definitive Agreement and Plan of Merger (the "Agreement") with Columbia
Natural Resources, Inc., a wholly owned subsidiary of The Columbia Gas System,
Inc.  Under the Agreement, the stockholders of the Company will receive $15.75
per share of Common Stock  on a fully diluted basis (approximately 5.2 million
shares).  The total purchase price is approximately $101 million, including the
assumption of outstanding bank debt.

      The merger is subject to obtaining the affirmative vote of the holders of
a majority of the outstanding shares of the Company's Common Stock, as well as
other customary closing conditions.  A special meeting of Alamco stockholders 
is currently scheduled for August 7, 1997.

      A copy of Alamco's press release dated May 27, 1997, is attached hereto 
as Exhibit 99.1 and is incorporated by reference herein in its entirety.


Item 7.  Exhibits

      (c) Exhibits
            99.1        Press Release dated May 27, 1997, issued by Alamco, Inc.

                                                                               
Exhibit                                 Prior Filing or Subsequential
  No.          Description                    Page No. Herein 
- -------        -----------                     --------------

99.1            Press Release dated                Filed herewith
                May 27, 1997 issued 
                by Alamco, Inc.


                                   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.

                                       ALAMCO, INC.
                                       (Registrant)


                                       By:  /s/ John L. Schwager
                                           -----------------------------------
Date:  May 30, 1997                         John L. Schwager
                                            President, Chief Executive Officer
                                            and Principal Financial Officer

EX-99

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact:    Jane Merandi
            Alamco, Inc.
            200 West Main Street
            Clarksburg, WV   26301
            1-800-873-2526, extension 108
            http://www.alamco.com

                      ALAMCO AND CNR SIGN MERGER AGREEMENT

      CLARKSBURG, WV, May 27, 1997 ... Alamco, Inc. (AMEX: AXO) (the "Company")
announced today that the Company has entered into a definitive Agreement and
Plan of Merger dated as of May 27, 1997 with Columbia Natural Resources, Inc.
("CNR"), a wholly owned subsidiary of The Columbia Gas System, Inc., pursuant 
to which the stockholders of the Company would receive in cash $15.75 per share 
of Common Stock on a fully diluted basis (approximately 5.2 million shares).  
The total purchase price, including the assumption of outstanding bank debt, is
approximately $101 million.

      The merger is subject to obtaining the affirmative vote of the holders of
a majority of the outstanding shares of the Company's Common Stock and other
customary closing conditions.  A special meeting of the stockholders of Alamco,
Inc. is currently scheduled for August 7, 1997.

      On January 16, 1997, the Company announced that its Board of Directors had
retained Principal Financial Securities, Inc. to assist it in exploring strate-
gic alternatives for increasing stockholder value, including the possibility of
a sale or merger of all or part of the Company. 

      Alamco, headquartered in Clarksburg, West Virginia, is an independent
producer of gas and oil in the Appalachian Basin with operations concentrated in
West Virginia, Tennessee and Kentucky.   The Company's stock is traded on the
American Stock Exchange under the symbol AXO.  For additional information about
the Company, visit our Web site at http://www.alamco.com.