<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Form 10-Q for the quarter ended March 31, 1996 for Hallwood Energy Partners, L.P. and is qualified in its entirety by reference to such Form 10-Q. </LEGEND> <CIK> 0000768172 <NAME> HALLWOOD ENERGY PARTNERS, L.P. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 8,061 <SECURITIES> 0 <RECEIVABLES> 10,697 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 21,234 <PP&E> 605,541 <DEPRECIATION> 514,089 <TOTAL-ASSETS> 124,818 <CURRENT-LIABILITIES> 16,426 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 58,484 <TOTAL-LIABILITY-AND-EQUITY> 124,818 <SALES> 13,628 <TOTAL-REVENUES> 13,701 <CGS> 0 <TOTAL-COSTS> 8,335 <OTHER-EXPENSES> 491 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,122 <INCOME-PRETAX> 3,753 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,753 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,753 <EPS-PRIMARY> .31 <EPS-DILUTED> .31