<ARTICLE>                     5
<LEGEND>
This schedule  contains summary financial  information  extracted from Form 10-Q
for the quarter  ended  September 30, 1998 for Hallwood  Consolidated  Resources
Corporation and is qualified in its entirety by reference to such Form 10-Q.
</LEGEND>
<CIK>                         0000883953
<NAME>                        Hallwood Consolidated Resources Corporation
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-END>                                   SEP-30-1998
<CASH>                                         674
<SECURITIES>                                   0
<RECEIVABLES>                                  7,093
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               13,580
<PP&E>                                         325,449
<DEPRECIATION>                                 243,784
<TOTAL-ASSETS>                                 95,371
<CURRENT-LIABILITIES>                          14,204
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       30
<OTHER-SE>                                     35,761
<TOTAL-LIABILITY-AND-EQUITY>                   95,371
<SALES>                                        23,639
<TOTAL-REVENUES>                               23,803
<CGS>                                          0
<TOTAL-COSTS>                                  11,333
<OTHER-EXPENSES>                               550
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             2,888
<INCOME-PRETAX>                                (13,611)
<INCOME-TAX>                                   466
<INCOME-CONTINUING>                            (14,077)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (14,077)
<EPS-PRIMARY>                                  (5.13)
<EPS-DILUTED>                                  (5.13)