<ARTICLE> 5 <LEGEND> This restated financial data schedule is extracted from McMoRan's financial statements at June 30, 1999 and for the six months then ended, and is qualified in its entirety to such statements. These unaudited statements have been restated to reflect McMoRan's decision to discontinue its sulphur operations. </LEGEND> <CIK> 0000064279 <NAME> MCMORAN EXPLORATION CO. <MULTIPLIER> 1000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 10,018 <SECURITIES> 0 <RECEIVABLES> 5,679 <ALLOWANCES> 0 <INVENTORY> 528 <CURRENT-ASSETS> 40,007 <PP&E> 98,001 <DEPRECIATION> 27,236 <TOTAL-ASSETS> 275,193 <CURRENT-LIABILITIES> 19,060 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 141 <OTHER-SE> 189,359 <TOTAL-LIABILITY-AND-EQUITY> 275,193 <SALES> 24,926 <TOTAL-REVENUES> 24,926 <CGS> 24,073 <TOTAL-COSTS> 24,073 <OTHER-EXPENSES> 3,853 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 133 <INCOME-PRETAX> (3,253) <INCOME-TAX> 1,139 <INCOME-CONTINUING> (2,114) <DISCONTINUED> 4,267 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,153 <EPS-BASIC> 0.16 <EPS-DILUTED> 0.15