<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BLUE DOLPHIN ENERGY COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INCORPORATED HEREIN BY REFERENCE. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 988,222 <SECURITIES> 0 <RECEIVABLES> 1,433,163 <ALLOWANCES> 0 <INVENTORY> 9,550 <CURRENT-ASSETS> 2,571,175 <PP&E> 25,296,091 <DEPRECIATION> 4,991,484 <TOTAL-ASSETS> 25,177,290 <CURRENT-LIABILITIES> 1,220,647 <BONDS> 2,060,600 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 44,918 <OTHER-SE> 20,647,913 <TOTAL-LIABILITY-AND-EQUITY> 25,177,290 <SALES> 212,473 <TOTAL-REVENUES> 1,938,088 <CGS> 425,831 <TOTAL-COSTS> 1,045,188 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 106,113 <INCOME-PRETAX> 131,409 <INCOME-TAX> (61,905) <INCOME-CONTINUING> 69,504 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 69,504 <EPS-PRIMARY> 0.02 <EPS-DILUTED> 0.02