<ARTICLE> 5
<CIK> 0000854066
<NAME> GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LTD PSHP P-3
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                         713,010
<SECURITIES>                                         0
<RECEIVABLES>                                  300,343
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,013,353
<PP&E>                                      11,622,811
<DEPRECIATION>                               9,244,004
<TOTAL-ASSETS>                               3,392,160
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   3,392,160
<TOTAL-LIABILITY-AND-EQUITY>                 3,392,160
<SALES>                                        876,433
<TOTAL-REVENUES>                             1,026,380
<CGS>                                                0
<TOTAL-COSTS>                                1,717,125
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (690,745)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (690,745)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (690,745)
<EPS-PRIMARY>                                   (4.25)
<EPS-DILUTED>                                        0