UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                                                         SEC File Number:
                                                         P-7:  0-20265
                                                         P-8:  0-20264

 (Check One)    ( X ) Form 10-K  (   ) Form 20-F  (   ) Form 11-K
                (   ) Form 10-Q  (   ) Form 10-D  (   ) Form N-SAR
                (   ) Form N-CSR

For Period Ended:  December 31, 2006

                       ( ) Transition Report on Form 10-K
                       ( ) Transition Report on Form 20-F
                       ( ) Transition Report on Form 11-K
                       ( ) Transition Report on Form 10-Q
                       ( ) Transition Report on Form N-SAR
For the Transition Period Ended: ______________

NOTHING  IN THIS  FORM  SHALL BE  CONSTRUED  TO IMPLY  THAT THE  COMMISSION  HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.

If the notification  relates to a portion of the filing checked above,  identify
the item(s) to which the notification relates: _____________.

                   -------------------------------------------
                         PART I--REGISTRANT INFORMATION
                   -------------------------------------------

      GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-7
      GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-8

            --------------------------------------------------------
                            (Full Name of Registrant)

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



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                   -------------------------------------------
                        PART II--RULES 12-b25(b) AND (c)
                   -------------------------------------------

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate) ( X )

(a) The reasons  described in  reasonable  detail in Part III of this form could
not be eliminated without unreasonable effort or expense;

(b) The subject annual report,  semi-annual  report,  transition  report on Form
10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion  thereof,  will
be filed on or before the fifteenth  calendar day following the  prescribed  due
date;  or the  subject  quarterly  report or  transition  report on Form 10-Q or
subject  distribution report on Form 10-D, or portion thereof,  will be filed on
or before the fifth calendar day following the prescribed due date; and

(c) The  accountant's  statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.

                   -------------------------------------------
                               PART III--NARRATIVE
                   -------------------------------------------

State below in reasonable  detail the reasons why Forms 10-K,  20-F, 11-K, 10-Q,
10-D, N-SAR,  N-CSR, or the transition  report or portion thereof,  could not be
filed within the prescribed time period.

Geodyne  Resources,  Inc.  ("Geodyne")  serves as general  partner of 26 related
limited partnerships,  including the Geodyne Institutional/Pension Energy Income
Limited Partnership P-7 and Geodyne  Institutional/Pension Energy Income Limited
Partnership  P-8.  Many of these  partnerships  sold oil and gas  properties  at
auction  during  February 2007 which  required the filing of Current  Reports on
Form 8-K with the  Securities and Exchange  Commission.  Geodyne was required to
prepare  pro-forma  financial  statements for filing with these Current Reports.
Geodyne has also been preparing for additional property sales during May 2007 as
well as planning for the  liquidation of the  partnerships as of the end of this
year.  Geodyne's  activities related to the past and future sales of properties,
preparation  of the Annual Reports on Form 10-K,  preparing for the  liquidation
and termination of the partnerships,  and regular management functions of all 26
of the partnerships,  including the registrants,  have placed a significant time
and workload strain on Geodyne's staff. As a result, Annual Reports on Form 10-K
cannot be timely filed without  unreasonable  effort and/or expense.  The Annual
Reports will be filed on or before April 14, 2007.



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                   -------------------------------------------
                           PART IV--OTHER INFORMATION
                   -------------------------------------------

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification:

      Annabel M. Jones
      918-591-1006

(2) Have all other  periodic  reports  required under Section 13 or 15(d) of the
Securities  Exchange Act of 1934 or Section 30 of the Investment  Company Act of
1940  during  the  preceding  12  months  or for such  shorter  period  that the
registrant  was  required to file such  report(s)  been filed?  If answer is no,
identify report(s). ( X ) YES ( ) NO

(3) Is it anticipated that any significant  change in results of operations from
the  corresponding  period for the last  fiscal  year will be  reflected  by the
earnings statements to be included in the subject report or portion thereof?
( )YES ( X ) NO

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

                                   SIGNATURES

The  Registrant has caused this  notification  to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    (Registrant)

                                    GEODYNE INSTITUTIONAL/PENSION ENERGY
                                       INCOME LIMITED PARTNERSHIP P-7
                                    GEODYNE INSTITUTIONAL/PENSION ENERGY
                                       INCOME LIMITED PARTNERSHIP P-8

                                    BY:   GEODYNE RESOURCES, INC.
                                          General Partner

Date:  March 30, 2007               By:      /s/ Dennis R. Neill
                                       -------------------------------
                                             (Signature)
                                             Dennis R. Neill
                                             President




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