<ARTICLE> 5 <CIK> 0000888240 <NAME> GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LTD PSHP P-7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 309,200 <SECURITIES> 0 <RECEIVABLES> 409,543 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 718,743 <PP&E> 16,220,747 <DEPRECIATION> 8,089,845 <TOTAL-ASSETS> 8,849,645 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,849,645 <TOTAL-LIABILITY-AND-EQUITY> 8,849,645 <SALES> 589,841 <TOTAL-REVENUES> 596,531 <CGS> 0 <TOTAL-COSTS> 393,247 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 203,284 <INCOME-TAX> 0 <INCOME-CONTINUING> 203,284 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 203,284 <EPS-PRIMARY> 0.95 <EPS-DILUTED> 0