10-Q/A

                                 	FORM 10-Q

                       	SECURITIES AND EXCHANGE COMMISSION

                           	WASHINGTON, D. C.  20549

(X) 	Quarterly Report Pursuant to Section 13 or 15(d) of the
    	Securities Exchange Act of 1934

    	For the quarterly period ended September 30, 1994

(  )	Transition Report Pursuant to Section 13 or 15(d) of the
    	Securities Exchange Act of 1934


                      	Commission File Number 1-9743
                         	ENRON OIL & GAS COMPANY
       	    (Exact name of registrant as specified in its charter)


                Delaware                          47-0684736
    (State or other jurisdiction of    	(I.R.S. Employer Identification No.)
    incorporation or organization)

    1400 Smith Street, P.O. Box 4362
            Houston, Texas                         77210-4362
 (Address of principal executive offices)	         (Zip Code)


Registrant's telephone number, including area code   (713) 853-6161

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        .

Indicate the number of shares outstanding of each of the issuer's classes of 
common stock, as of October 31, 1994.


    Common Stock, $.01 Par Value     	               159,741,050 shares
                Class	                                Number of Shares









                           ENRON OIL & GAS COMPANY

                              TABLE OF CONTENTS



                                                                    Page No.
PART I.	FINANCIAL INFORMATION

	ITEM 1.	Financial Statements

		Consolidated Statements of Income - 
			Three Months Ended September 30, 1994 and
			1993 and Nine Months Ended September 30, 1994
			and 1993							                                           3

		Consolidated Balance Sheets - September 30, 1994
			and December 31, 1993					                                4

		Consolidated Statements of Cash Flow - 
			Nine Months Ended September 30, 1994 and 1993	            5

		Notes to Consolidated Financial Statements		               6

	ITEM 2.		Management's Discussion and Analysis of Financial
			Condition and Results of Operations			                   10

PART II.	OTHER INFORMATION

	ITEM 6.	Exhibits and Reports on Form 8-K				               17































                     PART II.  OTHER INFORMATION
                       ENRON OIL & GAS COMPANY





ITEM 6.	Exhibits and Reports on Form 8-K

	(a)	Exhibits - EX-27 Financial Data Schedule

	(b)	Reports on Form 8-K - There were no reports on Form 8-K filed for 
  			the quarterly period ended September 30, 1994.











































                              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.



                                                 ENRON OIL & GAS COMPANY
                                                 (Registrant)



Date:  November 8, 1994                       By    /S/ WALTER C. WILSON
                                                     Walter C. Wilson
                                                 Senior Vice President and
                                                  Chief Financial Officer
                                               (Principal Financial Officer)




Date:  November 8, 1994                      By      /S/ BEN B. BOYD
                                               Vice President and Controller
                                               (Principal Accounting Officer)

EX-27

 

<ARTICLE>  5
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1993
<PERIOD-END>                               SEP-30-1994
<CASH>                                          86,831
<SECURITIES>                                         0
<RECEIVABLES>                                   94,271
<ALLOWANCES>                                         0
<INVENTORY>                                     17,903
<CURRENT-ASSETS>                               207,190
<PP&E>                                       2,911,755
<DEPRECIATION>                             (1,273,993)
<TOTAL-ASSETS>                               1,855,819
<CURRENT-LIABILITIES>                          151,872
<BONDS>                                              0
<COMMON>                                      201,6000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     818,112
<TOTAL-LIABILITY-AND-EQUITY>                 1,855,819
<SALES>                                        418,286
<TOTAL-REVENUES>                               422,128
<CGS>                                                0
<TOTAL-COSTS>                                  344,301
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,111
<INCOME-PRETAX>                                126,166
<INCOME-TAX>                                    20,728
<INCOME-CONTINUING>                            105,438
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   105,438
<EPS-PRIMARY>                                     0.66
<EPS-DILUTED>                                        0