<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>                         3-MOS
<FISCAL-YEAR-END>               SEP-30-1995
<PERIOD-END>                    MAR-31-1995
<CASH>                                  104
<SECURITIES>                              0
<RECEIVABLES>                           482
<ALLOWANCES>                              0
<INVENTORY>                               0
<CURRENT-ASSETS>                        927
<PP&E>                               10,855
<DEPRECIATION>                            0
<TOTAL-ASSETS>                       19,030
<CURRENT-LIABILITIES>                 4,271
<BONDS>                              79,697
<COMMON>                             13,040
<PREFERRED-MANDATORY>                     0
<PREFERRED>                               0
<OTHER-SE>                          (83,136)
<TOTAL-LIABILITY-AND-EQUITY>         19,030
<SALES>                                   4
<TOTAL-REVENUES>                         10
<CGS>                                     0
<TOTAL-COSTS>                             6
<OTHER-EXPENSES>                          0
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                    2,292
<INCOME-PRETAX>                      (3,172)
<INCOME-TAX>                              0
<INCOME-CONTINUING>                  (3,172)
<DISCONTINUED>                         (300)
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                         (3,472)
<EPS-PRIMARY>                         (0.27)
<EPS-DILUTED>                         (0.27)