<ARTICLE>                        5
<CIK>                            0000854066  
<NAME>                           GEODYNE INST/PENSION ENERGY INCOME LTD PSHP P-3
                                  
                              
<PERIOD-TYPE>                    9-MOS
<FISCAL-YEAR-END>                DEC-31-1998
<PERIOD-START>                   JAN-01-1998
<PERIOD-END>                     SEP-30-1998
<CASH>                              196,106
<SECURITIES>                              0
<RECEIVABLES>                       137,904
<ALLOWANCES>                              0
<INVENTORY>                               0
<CURRENT-ASSETS>                    334,010
<PP&E>                           10,598,092
<DEPRECIATION>                    8,663,057
<TOTAL-ASSETS>                    2,269,045
<CURRENT-LIABILITIES>                     0
<BONDS>                                   0
<PREFERRED-MANDATORY>                     0
<PREFERRED>                               0
<COMMON>                                  0
<OTHER-SE>                        2,269,045
<TOTAL-LIABILITY-AND-EQUITY>      2,269,045
<SALES>                             764,416
<TOTAL-REVENUES>                  1,382,005
<CGS>                                     0
<TOTAL-COSTS>                       387,221
<OTHER-EXPENSES>                          0
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                        0
<INCOME-PRETAX>                     994,784
<INCOME-TAX>                              0
<INCOME-CONTINUING>                 994,784
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                        994,784
<EPS-PRIMARY>                          5.52
<EPS-DILUTED>                             0