<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CRESTED CORP. FORM 10-Q FOR THE QUARTER ENDED AUGUST 31, 1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000025657
<NAME> CRESTED CORP.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAY-31-1998
<PERIOD-START>                             JUN-01-1997
<PERIOD-END>                               AUG-31-1997
<CASH>                                       1,451,900
<SECURITIES>                                         0
<RECEIVABLES>                                  978,300
<ALLOWANCES>                                         0
<INVENTORY>                                     32,700
<CURRENT-ASSETS>                             2,850,600
<PP&E>                                       5,213,300
<DEPRECIATION>                               3,061,800
<TOTAL-ASSETS>                               8,055,500
<CURRENT-LIABILITIES>                        8,119,300
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        10,200
<OTHER-SE>                                   (856,600)
<TOTAL-LIABILITY-AND-EQUITY>                 8,055,500
<SALES>                                        453,600
<TOTAL-REVENUES>                               886,800
<CGS>                                           27,600
<TOTAL-COSTS>                                  259,100
<OTHER-EXPENSES>                               377,400
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,400
<INCOME-PRETAX>                                245,900
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            245,900
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   245,900
<EPS-PRIMARY>                                      .02
<EPS-DILUTED>                                        0