<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> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1998 <CASH> 5,337 <SECURITIES> 0 <RECEIVABLES> 28,434 <ALLOWANCES> 121 <INVENTORY> 0 <CURRENT-ASSETS> 41,382 <PP&E> 849,756 <DEPRECIATION> 448,808 <TOTAL-ASSETS> 448,203 <CURRENT-LIABILITIES> 47,972 <BONDS> 250,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 135,000 <COMMON> 463 <OTHER-SE> 8,563 <TOTAL-LIABILITY-AND-EQUITY> 448,203 <SALES> 23,104 <TOTAL-REVENUES> 23,306 <CGS> 18,785 <TOTAL-COSTS> 18,785 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,055 <INCOME-PRETAX> (3,639) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,639) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,639) <EPS-PRIMARY> (0.11) <EPS-DILUTED> (0.11)