SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

              Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934

               Date of Report (Date of earliest event reported):
                                January 22, 2004

                   GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME
                             LIMITED PARTNERSHIP P-8
           ----------------------------------------------------------
             (Exact name of Registrant as specified in its Articles)

   Oklahoma          P-8:     0-20264           P-8:      73- 1378683
- --------------       ---------------            ------------------
(State of other         (Commission             (I.R.S. Employer
jurisdiction of           File No.)              Identification)
incorporation or
organization)

                  Two West Second Street, Tulsa, Oklahoma 74103
             -------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:(918)583-1791

                                      -1-



ITEM 5:  OTHER EVENTS

     The  limited  partnership  agreement  (the  "Agreement")  for  the  Geodyne
Institutional/Pension  Energy Income Limited Partnership P-8 (the "Partnership")
provides  that the  Partnership  will  automatically  terminate  and dissolve on
February 28, 2004.

     The Agreement gives the General Partner an option to extend the term of the
Partnership.  The General Partner has elected to extend the  Partnership's  term
through December 31, 2005.


ITEM 7:  EXHIBITS

20.1     Form  of  letter   sent  to  the   limited   partners  of  the  Geodyne
         Institutional/Pension Energy Income Limited Partnership P-8 on or about
         January 22, 2004.


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              GEODYNE INSTITUTIONAL/PENSION
                              ENERGY INCOME LIMITED PARTNERSHIP P-8

                              By:   GEODYNE RESOURCES, INC.
                                    General Partner

                              //s// Dennis R. Neill
                              -----------------------------------
                                    Dennis R. Neill
                                    President


DATE:  January 22, 2004

                                      -2-