<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> 6-mos <FISCAL-YEAR-END> dec-31-1996 <PERIOD-START> jan-01-1996 <PERIOD-END> jun-30-1996 <CASH> 19326 <SECURITIES> 0 <RECEIVABLES> 54140 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 77652 <PP&E> 1596390 <DEPRECIATION> 1231212 <TOTAL-ASSETS> 442830 <CURRENT-LIABILITIES> 62765 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 380065 <TOTAL-LIABILITY-AND-EQUITY> 442830 <SALES> 192839 <TOTAL-REVENUES> 192839 <CGS> 131811 <TOTAL-COSTS> 254763 <OTHER-EXPENSES> 19472 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (80460) <EPS-PRIMARY> 0 <EPS-DILUTED> 0