<ARTICLE> 5 <CIK> 0000863835 <NAME> GEODYNE ENERGY INCOME LIMITED PARTNERSHIP III-B <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 376,603 <SECURITIES> 0 <RECEIVABLES> 396,970 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 773,573 <PP&E> 11,216,257 <DEPRECIATION> 8,361,737 <TOTAL-ASSETS> 3,772,912 <CURRENT-LIABILITIES> 54,718 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,679,504 <TOTAL-LIABILITY-AND-EQUITY> 3,772,912 <SALES> 2,113,507 <TOTAL-REVENUES> 2,078,917 <CGS> 0 <TOTAL-COSTS> 1,302,586 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 776,331 <INCOME-TAX> 0 <INCOME-CONTINUING> 776,331 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 776,331 <EPS-PRIMARY> 5.15 <EPS-DILUTED> 0