<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Form 10-Q for the quarter ended March 31, 1995 for Hallwood Energy Partners, L.P. and is qualified in its entirety by reference to such Form 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 9,330 <SECURITIES> 0 <RECEIVABLES> 8,851 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 20,176 <PP&E> 595,151 <DEPRECIATION> (491,126) <TOTAL-ASSETS> 137,501 <CURRENT-LIABILITIES> 20,964 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 71,780 <TOTAL-LIABILITY-AND-EQUITY> 137,501 <SALES> 10,023 <TOTAL-REVENUES> 10,109 <CGS> 0 <TOTAL-COSTS> 12,424 <OTHER-EXPENSES> 1,244 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 993 <INCOME-PRETAX> (4,552) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,552) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,552) <EPS-PRIMARY> (.55) <EPS-DILUTED> 0