<ARTICLE>                     5
<LEGEND>
This schedule  contains summary financial  information  extracted from Form 10-K
for the year  ended  December  31,  1998  for  Hallwood  Consolidated  Resources
Corporation and is qualified in its entirety by reference to such Form 10-K.
</LEGEND>
<CIK>                         0000883953
<NAME>                        Hallwood Consolidated Resources Corporation
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-END>                                   DEC-31-1998
<CASH>                                         551
<SECURITIES>                                   0
<RECEIVABLES>                                  7,299
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               12,566
<PP&E>                                         339,526
<DEPRECIATION>                                 252,204
<TOTAL-ASSETS>                                 101,167
<CURRENT-LIABILITIES>                          18,262
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       30
<OTHER-SE>                                     29,559
<TOTAL-LIABILITY-AND-EQUITY>                   101,167
<SALES>                                        32,230
<TOTAL-REVENUES>                               32,410
<CGS>                                          0
<TOTAL-COSTS>                                  11,642
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             4,160
<INCOME-PRETAX>                                (19,993)
<INCOME-TAX>                                   286
<INCOME-CONTINUING>                            (20,279)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (20,279)
<EPS-PRIMARY>                                  (7.38)
<EPS-DILUTED>                                  (7.38)