<ARTICLE>                   5
<LEGEND>                    This schedule contains summary financial
                            information extracted from Hondo Oil & Gas
                            Company's Form 10-Q for the period identified
                            below.  This information is qualified in its
                            entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>                1,000
       
                         
<PERIOD-TYPE>               9-MOS
<FISCAL-YEAR-END>              SEP-30-1994
<PERIOD-END>                   JUN-30-1994
<CASH>                                 838
<SECURITIES>                             0
<RECEIVABLES>                        1,043
<ALLOWANCES>                             0
<INVENTORY>                            137
<CURRENT-ASSETS>                     2,164
<PP&E>                              13,863
<DEPRECIATION>                           0
<TOTAL-ASSETS>                      23,926
<CURRENT-LIABILITIES>                  893
<BONDS>                             81,880
<COMMON>                            13,007
<PREFERRED-MANDATORY>                    0
<PREFERRED>                              0
<OTHER-SE>                         (76,601)
<TOTAL-LIABILITY-AND-EQUITY>        23,926
<SALES>                                367
<TOTAL-REVENUES>                       710
<CGS>                                    0
<TOTAL-COSTS>                          516
<OTHER-EXPENSES>                     3,149
<LOSS-PROVISION>                         0
<INTEREST-EXPENSE>                   3,424
<INCOME-PRETAX>                     (6,379)
<INCOME-TAX>                             0
<INCOME-CONTINUING>                 (6,379)
<DISCONTINUED>                      (1,400)
<EXTRAORDINARY>                          0
<CHANGES>                                0
<NET-INCOME>                        (7,779)
<EPS-PRIMARY>                        (0.60)
<EPS-DILUTED>                        (0.60)