<ARTICLE>                       5
<CIK>                           0000850427  
<NAME>                          GEODYNE INST/PENSION ENERGY INCOME P-1 LTD PSHP
                                 
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>               DEC-31-1998
<PERIOD-START>                  JAN-01-1998
<PERIOD-END>                    MAR-31-1998
<CASH>                             208,629
<SECURITIES>                             0
<RECEIVABLES>                      225,108
<ALLOWANCES>                             0
<INVENTORY>                              0
<CURRENT-ASSETS>                   433,737
<PP&E>                           7,369,285
<DEPRECIATION>                   6,016,737
<TOTAL-ASSETS>                   1,786,285
<CURRENT-LIABILITIES>                    0
<BONDS>                                  0
<PREFERRED-MANDATORY>                    0
<PREFERRED>                              0
<COMMON>                                 0
<OTHER-SE>                       1,786,285
<TOTAL-LIABILITY-AND-EQUITY>     1,786,285
<SALES>                            219,128
<TOTAL-REVENUES>                   305,972
<CGS>                                    0
<TOTAL-COSTS>                       97,028
<OTHER-EXPENSES>                         0
<LOSS-PROVISION>                         0
<INTEREST-EXPENSE>                       0
<INCOME-PRETAX>                    208,944
<INCOME-TAX>                             0
<INCOME-CONTINUING>                208,944
<DISCONTINUED>                           0
<EXTRAORDINARY>                          0
<CHANGES>                                0
<NET-INCOME>                       208,944
<EPS-PRIMARY>                         1.82
<EPS-DILUTED>                            0