SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

               Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934


Date of Report (Date of earliest event reported):  January 29, 1998


       GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME P-1 LIMITED PARTNERSHIP
       GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME P-2 LIMITED PARTNERSHIP
       GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-3
       GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-4
       GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-5
       GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-6
      -------------------------------------------------------------------
             (Exact name of Registrant as specified in its Articles)

                              P-1: 0-17800                  P-1: 73-1330245
                              P-2: 0-17801                  P-2: 73-1330625
  P-1 and P-2:                P-3: 0-18306                  P-3: 73-1336573
     Texas                    P-4: 0-18308                  P-4: 73-1341929
P-3 through P-6:              P-5: 0-18637                  P-5: 73-1353774
   Oklahoma                   P-6: 0-18937                  P-6: 73-1357375
- ----------------              ------------                  ---------------
(State or other               (Commission                 (I.R.S. Employer
jurisdiction of               File No.)                   Identification)
incorporation or
organization)



                Two West Second Street, Tulsa, Oklahoma 74103
             ----------------------------------------------------
             (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (918) 583-1791






ITEM 5:     OTHER EVENTS

      Year End  Values.  The General  Partner is  required  to provide  year-end
values  of  the  Geodyne   Institutional/Pension   Energy   Income  P-1  Limited
Partnership,   Geodyne   Institutional/Pension   Energy   Income   P-2   Limited
Partnership,  Geodyne  Institutional/Pension  Energy Income Limited  Partnership
P-3,  Geodyne  Institutional/Pension  Energy  Income  Limited  Partnership  P-4,
Geodyne Institutional/Pension Energy Income Limited Partnership P-5, and Geodyne
Institutional/Pension  Energy Income Limited Partnership P-6 (collectively,  the
"Partnerships")  underlying  properties to its limited partners  pursuant to the
Partnerships'  partnership  agreements.  Attached  is a form of the letter to be
sent to the limited  partners on or about January 29, 1998, and a chart showing,
on  a  per-unit  basis,   the  1997  Year-End   Estimated   Valuations  for  the
Partnerships.

ITEM 7:     EXHIBITS

20.1        Form  of  letter  to  be  sent  to  the  limited   partners  of  the
            Partnerships on or about January 29, 1998.

99.1        Chart  showing  on a  per-unit  basis  the 1997  Year-End  Estimated
            Valuations for the Partnerships.







                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                              GEODYNE INSTITUTIONAL/PENSION ENERGY
                                    INCOME P-1 LIMITED PARTNERSHIP
                              GEODYNE INSTITUTIONAL/PENSION ENERGY
                                    INCOME P-2 LIMITED PARTNERSHIP
                              GEODYNE INSTITUTIONAL/PENSION ENERGY
                                    INCOME LIMITED PARTNERSHIP P-3
                              GEODYNE INSTITUTIONAL/PENSION ENERGY
                                    INCOME LIMITED PARTNERSHIP P-4
                              GEODYNE INSTITUTIONAL/PENSION ENERGY
                                    INCOME LIMITED PARTNERSHIP P-5
                              GEODYNE INSTITUTIONAL/PENSION ENERGY
                                    INCOME LIMITED PARTNERSHIP P-6

                              By:   GEODYNE RESOURCES, INC.
                                    General Partner


DATE: January 29, 1998           //s// Dennis R. Neill
                                    ------------------------------
                                    Dennis R. Neill
                                    President