<ARTICLE>                     5
<LEGEND>
This schedule  contains summary financial  information  extracted from Form 10-K
for the year ended December 31, 1997 for Hallwood Energy  Partners,  L.P. and is
qualified in its entirety by reference to such Form 10-K.
</LEGEND>
<CIK>                         0000768172
<NAME>                        Hallwood Energy Partners, L.P.
<MULTIPLIER>                                   1,000               
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              Dec-31-1997
<PERIOD-END>                                   Dec-31-1997         
<CASH>                                         6,622
<SECURITIES>                                   0
<RECEIVABLES>                                  13,969
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               22,142
<PP&E>                                         630,449
<DEPRECIATION>                                 536,118
<TOTAL-ASSETS>                                 131,603
<CURRENT-LIABILITIES>                          23,115
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       0
<OTHER-SE>                                     69,064
<TOTAL-LIABILITY-AND-EQUITY>                   131,603
<SALES>                                        41,910
<TOTAL-REVENUES>                               45,103
<CGS>                                          0
<TOTAL-COSTS>                                  28,995
<OTHER-EXPENSES>                               209
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             3,096
<INCOME-PRETAX>                                12,803
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            12,803
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   12,803
<EPS-PRIMARY>                                  1.09
<EPS-DILUTED>                                  1.07