<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>                                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995

<CASH>                                       3,969,803

<SECURITIES>                                         0

<RECEIVABLES>                                1,451,295

<ALLOWANCES>                                         0

<INVENTORY>                                     21,650

<CURRENT-ASSETS>                             5,491,709

<PP&E>                                      21,920,122

<DEPRECIATION>                               4,168,893

<TOTAL-ASSETS>                              25,219,138

<CURRENT-LIABILITIES>                        3,316,466

<BONDS>                                         10,000

<COMMON>                                       352,064

<PREFERRED-MANDATORY>                                0

<PREFERRED>                                  1,456,048

<OTHER-SE>                                  16,606,381

<TOTAL-LIABILITY-AND-EQUITY>                25,219,138

<SALES>                                        564,608

<TOTAL-REVENUES>                             4,214,041

<CGS>                                          930,089

<TOTAL-COSTS>                                3,315,760

<OTHER-EXPENSES>                                     0

<LOSS-PROVISION>                                     0

<INTEREST-EXPENSE>                             405,677

<INCOME-PRETAX>                              9,338,829

<INCOME-TAX>                                 1,885,899

<INCOME-CONTINUING>                          7,452,930

<DISCONTINUED>                                       0

<EXTRAORDINARY>                                      0

<CHANGES>                                            0

<NET-INCOME>                                 7,452,930

<EPS-PRIMARY>                                     .153

<EPS-DILUTED>                                     .119