<ARTICLE>                      5
<CIK>                          0000850428
<NAME>                         GEODYNE INST/PENSION ENERGY INCOME P-2 LTD PSHP
                                
                            
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>              DEC-31-1998
<PERIOD-START>                 JAN-01-1998
<PERIOD-END>                   JUN-30-1998
<CASH>                             418,892
<SECURITIES>                             0
<RECEIVABLES>                      104,589
<ALLOWANCES>                             0
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<CURRENT-ASSETS>                   523,481
<PP&E>                           5,604,709
<DEPRECIATION>                   4,600,156
<TOTAL-ASSETS>                   1,528,034
<CURRENT-LIABILITIES>                    0
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<COMMON>                                 0
<OTHER-SE>                       1,528,034
<TOTAL-LIABILITY-AND-EQUITY>     1,528,034
<SALES>                            421,814
<TOTAL-REVENUES>                   681,476
<CGS>                                    0
<TOTAL-COSTS>                      244,548
<OTHER-EXPENSES>                         0
<LOSS-PROVISION>                         0
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<INCOME-PRETAX>                    436,928
<INCOME-TAX>                             0
<INCOME-CONTINUING>                436,928
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<EXTRAORDINARY>                          0
<CHANGES>                                0
<NET-INCOME>                       436,928
<EPS-PRIMARY>                         4.57
<EPS-DILUTED>                            0