<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Form 10-Q
for the quarter ended September 30, 1997 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>                   9-mos
<FISCAL-YEAR-END>                              Dec-31-1997
<PERIOD-END>                                   Sep-30-1997
<CASH>                                         1,769
<SECURITIES>                                   0
<RECEIVABLES>                                  13,237
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               16,965
<PP&E>                                         625,257
<DEPRECIATION>                                 532,758
<TOTAL-ASSETS>                                 124,650
<CURRENT-LIABILITIES>                          19,840
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     68,441
<TOTAL-LIABILITY-AND-EQUITY>                   124,650
<SALES>                                        32,302
<TOTAL-REVENUES>                               32,630
<CGS>                                          0
<TOTAL-COSTS>                                  20,674
<OTHER-EXPENSES>                               (283)
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             2,315
<INCOME-PRETAX>                                9,924
<INCOME-TAX>                                   575
<INCOME-CONTINUING>                            9,924
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<EXTRAORDINARY>                                0
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<NET-INCOME>                                   9,924
<EPS-PRIMARY>                                  .86
<EPS-DILUTED>                                  .86