<ARTICLE> 5 <CIK> 0000863835 <NAME> GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-B <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 317,619 <SECURITIES> 0 <RECEIVABLES> 358,465 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 676,084 <PP&E> 12,739,453 <DEPRECIATION> 9,464,864 <TOTAL-ASSETS> 4,119,762 <CURRENT-LIABILITIES> 36,585 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,035,817 <TOTAL-LIABILITY-AND-EQUITY> 4,119,762 <SALES> 1,086,126 <TOTAL-REVENUES> 1,091,583 <CGS> 0 <TOTAL-COSTS> 732,405 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 359,178 <INCOME-TAX> 0 <INCOME-CONTINUING> 359,178 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 359,178 <EPS-PRIMARY> 2.35 <EPS-DILUTED> 0