<ARTICLE> 5 <LEGEND> THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MERIDIAN RESOURCE CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 5,897 <SECURITIES> 0 <RECEIVABLES> 15,801 <ALLOWANCES> 121 <INVENTORY> 0 <CURRENT-ASSETS> 27,237 <PP&E> 775,672 <DEPRECIATION> 307,384 <TOTAL-ASSETS> 497,636 <CURRENT-LIABILITIES> 54,255 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 135,000 <COMMON> 461 <OTHER-SE> 102,047 <TOTAL-LIABILITY-AND-EQUITY> 497,636 <SALES> 23,274 <TOTAL-REVENUES> 23,639 <CGS> 165,370 <TOTAL-COSTS> 165,370 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,023 <INCOME-PRETAX> (151,326) <INCOME-TAX> (10,000) <INCOME-CONTINUING> (141,326) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (141,326) <EPS-PRIMARY> (4.20) <EPS-DILUTED> (4.20)