<ARTICLE>                      5
<CIK>                          0000854066
<NAME>                         GEODYNE INST/PENSION ENERGY INCOME LTD PSHIP P-3
                                
                            
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>              DEC-31-1998
<PERIOD-START>                 JAN-01-1998
<PERIOD-END>                   JUN-30-1998
<CASH>                            772,210
<SECURITIES>                            0
<RECEIVABLES>                     197,418
<ALLOWANCES>                            0
<INVENTORY>                             0
<CURRENT-ASSETS>                  969,628
<PP&E>                         10,596,646
<DEPRECIATION>                  8,593,522
<TOTAL-ASSETS>                  2,972,752
<CURRENT-LIABILITIES>                   0
<BONDS>                                 0
<PREFERRED-MANDATORY>                   0
<PREFERRED>                             0
<COMMON>                                0
<OTHER-SE>                      2,972,752
<TOTAL-LIABILITY-AND-EQUITY>    2,972,752
<SALES>                           786,242
<TOTAL-REVENUES>                1,400,763
<CGS>                                   0
<TOTAL-COSTS>                     457,132
<OTHER-EXPENSES>                        0
<LOSS-PROVISION>                        0
<INTEREST-EXPENSE>                      0
<INCOME-PRETAX>                   943,631
<INCOME-TAX>                            0
<INCOME-CONTINUING>               943,631
<DISCONTINUED>                          0
<EXTRAORDINARY>                         0
<CHANGES>                               0
<NET-INCOME>                      943,631
<EPS-PRIMARY>                        5.25
<EPS-DILUTED>                           0