<TABLE> <S> <C>
                                                                          
<ARTICLE>                       5                                               
<CIK>                           0000854066                                      
<NAME>                          GEODYNE INST/PENSION ENERGY INCOME LTD PSHP P-3 
                                                                                
<S>                             <C>                                             
<PERIOD-TYPE>                   12-MOS                                          
<FISCAL-YEAR-END>               DEC-31-1997                                     
<PERIOD-START>                  JAN-01-1997                                     
<PERIOD-END>                    DEC-31-1997                                     
<CASH>                             685,628                                      
<SECURITIES>                             0                                      
<RECEIVABLES>                      254,470                                      
<ALLOWANCES>                             0                                      
<INVENTORY>                              0                                      
<CURRENT-ASSETS>                   940,098                                      
<PP&E>                          11,134,440                                      
<DEPRECIATION>                   8,937,996                                      
<TOTAL-ASSETS>                   3,136,542                                      
<CURRENT-LIABILITIES>                    0                                      
<BONDS>                                  0                                      
<PREFERRED-MANDATORY>                    0                                      
<PREFERRED>                              0                                      
<COMMON>                                 0                                      
<OTHER-SE>                       3,136,542                                      
<TOTAL-LIABILITY-AND-EQUITY>     3,136,542                                      
<SALES>                          1,559,975                                      
<TOTAL-REVENUES>                 2,109,208                                      
<CGS>                                    0                                      
<TOTAL-COSTS>                    2,002,162                                      
<OTHER-EXPENSES>                         0                                      
<LOSS-PROVISION>                         0                                      
<INTEREST-EXPENSE>                       0                                      
<INCOME-PRETAX>                    107,046                                      
<INCOME-TAX>                             0                                      
<INCOME-CONTINUING>                107,046                                      
<DISCONTINUED>                           0                                      
<EXTRAORDINARY>                          0                                      
<CHANGES>                                0                                      
<NET-INCOME>                       107,046                                      
<EPS-PRIMARY>                         0.18                                      
<EPS-DILUTED>                            0                                      
                                                                                
                                                                                

</TABLE>