<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM BLUE DOLPHIN ENERGY COMPANY AND SUBSIDIARIES' CONSOLIDATED
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<PERIOD-TYPE>                                    3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995

<CASH>                                         230,504

<SECURITIES>                                         0

<RECEIVABLES>                                  753,660

<ALLOWANCES>                                         0

<INVENTORY>                                     17,800

<CURRENT-ASSETS>                             1,317,163

<PP&E>                                      23,357,583

<DEPRECIATION>                               4,414,775

<TOTAL-ASSETS>                              20,723,217

<CURRENT-LIABILITIES>                        2,817,141

<BONDS>                                      4,350,000

<COMMON>                                       344,675

<PREFERRED-MANDATORY>                                0

<PREFERRED>                                  1,456,048

<OTHER-SE>                                   8,410,571

<TOTAL-LIABILITY-AND-EQUITY>                20,723,217

<SALES>                                        159,206

<TOTAL-REVENUES>                             1,478,603

<CGS>                                          310,545

<TOTAL-COSTS>                                1,122,119

<OTHER-EXPENSES>                                     0

<LOSS-PROVISION>                                     0

<INTEREST-EXPENSE>                             146,217

<INCOME-PRETAX>                                214,047

<INCOME-TAX>                                    82,181

<INCOME-CONTINUING>                            131,866

<DISCONTINUED>                                       0

<EXTRAORDINARY>                                      0

<CHANGES>                                            0

<NET-INCOME>                                   131,866

<EPS-PRIMARY>                                     .001

<EPS-DILUTED>                                        0