<ARTICLE> 5 <CIK> 0000888240 <NAME> GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LTD PSHP P-7 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 643,415 <SECURITIES> 0 <RECEIVABLES> 364,612 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,008,027 <PP&E> 15,007,984 <DEPRECIATION> 7,686,881 <TOTAL-ASSETS> 8,329,130 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,329,130 <TOTAL-LIABILITY-AND-EQUITY> 8,329,130 <SALES> 2,189,073 <TOTAL-REVENUES> 2,397,963 <CGS> 0 <TOTAL-COSTS> 1,298,345 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,099,618 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,099,618 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,099,618 <EPS-PRIMARY> 5.31 <EPS-DILUTED> 0