<ARTICLE>                       5
<CIK>                           0000850428   
<NAME>                          GEODYNE INST/PENSION ENERGY INCOME P-2 LTD PSHP
                                    
                                         
<PERIOD-TYPE>                   3-MOS             
<FISCAL-YEAR-END>               DEC-31-1998       
<PERIOD-START>                  JAN-01-1998       
<PERIOD-END>                    MAR-31-1998       
<CASH>                              165,411       
<SECURITIES>                              0       
<RECEIVABLES>                       173,238       
<ALLOWANCES>                              0       
<INVENTORY>                               0       
<CURRENT-ASSETS>                    338,649       
<PP&E>                            5,888,261       
<DEPRECIATION>                    4,752,547       
<TOTAL-ASSETS>                    1,474,363       
<CURRENT-LIABILITIES>                     0       
<BONDS>                                   0       
<PREFERRED-MANDATORY>                     0       
<PREFERRED>                               0       
<COMMON>                                  0       
<OTHER-SE>                        1,474,363       
<TOTAL-LIABILITY-AND-EQUITY>      1,474,363       
<SALES>                             167,958       
<TOTAL-REVENUES>                    228,865       
<CGS>                                     0       
<TOTAL-COSTS>                        77,191       
<OTHER-EXPENSES>                          0       
<LOSS-PROVISION>                          0       
<INTEREST-EXPENSE>                        0       
<INCOME-PRETAX>                     151,674       
<INCOME-TAX>                              0       
<INCOME-CONTINUING>                 151,674       
<DISCONTINUED>                            0       
<EXTRAORDINARY>                           0       
<CHANGES>                                 0       
<NET-INCOME>                        151,674       
<EPS-PRIMARY>                          1.58       
<EPS-DILUTED>                             0