<ARTICLE> 5
<CIK> 0000854066
<NAME> GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LTD PSHP P-3
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                         495,756
<SECURITIES>                                         0
<RECEIVABLES>                                  391,759
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               887,515
<PP&E>                                      13,402,644
<DEPRECIATION>                               9,144,565
<TOTAL-ASSETS>                               5,145,594
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   5,145,594
<TOTAL-LIABILITY-AND-EQUITY>                 5,145,594
<SALES>                                      1,303,710
<TOTAL-REVENUES>                             1,390,248
<CGS>                                                0
<TOTAL-COSTS>                                  601,432
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                788,816
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            788,816
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   788,816
<EPS-PRIMARY>                                     4.31
<EPS-DILUTED>                                        0