<TABLE> <S> <C>





<ARTICLE>                   5                                               
<LEGEND>
This schedule contains summary financial information extracted from the
PanEnergy Corp Quarterly Report on Form 10-Q for quarter ended
March 31, 1998 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK>                                                     0000351696
<NAME>                                                    PANENERGY CORP
<MULTIPLIER>                                              1,000
       
<S>                                                       <C>
<PERIOD-TYPE>                                                                  3-MOS
<FISCAL-YEAR-END>                                                         DEC-31-1998
<PERIOD-END>                                                              MAR-31-1998
<CASH>                                                                    36,200
<SECURITIES>                                                                   0
<RECEIVABLES>                                                          1,344,300
<ALLOWANCES>                                                                   0
<INVENTORY>                                                              118,800
<CURRENT-ASSETS>                                                       2,378,500
<PP&E>                                                                 9,389,200
<DEPRECIATION>                                                         3,691,600
<TOTAL-ASSETS>                                                        10,423,500
<CURRENT-LIABILITIES>                                                  2,913,700
<BONDS>                                                                1,969,600
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                 151,800
<OTHER-SE>                                                             3,239,500
<TOTAL-LIABILITY-AND-EQUITY>                                          10,423,500
<SALES>                                                                2,513,400
<TOTAL-REVENUES>                                                       3,066,100
<CGS>                                                                  2,406,400
<TOTAL-COSTS>                                                          2,723,700
<OTHER-EXPENSES>                                                         103,600
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                        43,400
<INCOME-PRETAX>                                                          284,700
<INCOME-TAX>                                                              86,700
<INCOME-CONTINUING>                                                      145,500
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                            8,000
<CHANGES>                                                                      0
<NET-INCOME>                                                             137,500
<EPS-PRIMARY>                                                                  0 <F1>
<EPS-DILUTED>                                                                  0 <F1>
<FN>
<F1>Not meaningful since PanEnergy Corp is a wholly-owned subsidiary.
</FN>
        

</TABLE>