<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)