<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Oil City Petroleum, Inc.'s 10-K dated August 31, 1996, and is qualified in its entirety by reference to such financial statement. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> AUG-31-1996 <PERIOD-END> AUG-31-1996 <CASH> 25311 <SECURITIES> 0 <RECEIVABLES> 15119 <ALLOWANCES> 0 <INVENTORY> 4992 <CURRENT-ASSETS> 49019 <PP&E> 1356294 <DEPRECIATION> 712716 <TOTAL-ASSETS> 692597 <CURRENT-LIABILITIES> 1492648 <BONDS> 0 <COMMON> 5692571 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1567243 <TOTAL-LIABILITY-AND-EQUITY> 692597 <SALES> 89293 <TOTAL-REVENUES> 88108 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 208295 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 101908 <INCOME-PRETAX> (222095) <INCOME-TAX> 0 <INCOME-CONTINUING> (222095) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (222095) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)