<ARTICLE> 5 <CIK> 0000888240 <NAME> GEODYNE INSTITUTIONAL PENSION ENERGY INCOME LTD PSHIP P-7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 715,335 <SECURITIES> 0 <RECEIVABLES> 131,667 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 847,002 <PP&E> 14,788,043 <DEPRECIATION> 9,352,505 <TOTAL-ASSETS> 6,282,540 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 6,282,540 <TOTAL-LIABILITY-AND-EQUITY> 6,282,540 <SALES> 1,129,889 <TOTAL-REVENUES> 1,242,701 <CGS> 0 <TOTAL-COSTS> 2,052,670 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (809,969) <INCOME-TAX> 0 <INCOME-CONTINUING> (809,969) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (809,969) <EPS-PRIMARY> (4.48) <EPS-DILUTED> 0