<ARTICLE> 5 <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 0000868664 <NAME> Enex Oil & Gas Income Program V - Series 1, L.P. <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> dec-31-1996 <PERIOD-START> jan-01-1996 <PERIOD-END> mar-31-1996 <CASH> 26844 <SECURITIES> 0 <RECEIVABLES> 55955 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 87023 <PP&E> 1603452 <DEPRECIATION> 1212243 <TOTAL-ASSETS> 87023 <CURRENT-LIABILITIES> 79215 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 399017 <TOTAL-LIABILITY-AND-EQUITY> 478232 <SALES> 96031 <TOTAL-REVENUES> 96967 <CGS> 59534 <TOTAL-COSTS> 163517 <OTHER-EXPENSES> 10536 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (77086) <EPS-PRIMARY> 0 <EPS-DILUTED> 0