<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Oil City Petroleum, Inc.'s first quarter 10-Q dated November 30, 1996, and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-END> NOV-30-1996 <CASH> 30442 <SECURITIES> 0 <RECEIVABLES> 14665 <ALLOWANCES> 0 <INVENTORY> 4992 <CURRENT-ASSETS> 55073 <PP&E> 1363064 <DEPRECIATION> 717690 <TOTAL-ASSETS> 700447 <CURRENT-LIABILITIES> 1557952 <BONDS> 0 <COMMON> 5692571 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1567243 <TOTAL-LIABILITY-AND-EQUITY> 700447 <SALES> 26146 <TOTAL-REVENUES> 26470 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 54496 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 26503 <INCOME-PRETAX> (54529) <INCOME-TAX> 0 <INCOME-CONTINUING> (54529) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (54529) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)