<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BLUE DOLPHIN ENERGY COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INCORPORATED HEREIN BY REFERENCE. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 382,858 <SECURITIES> 0 <RECEIVABLES> 1,386,820 <ALLOWANCES> 0 <INVENTORY> 20,032 <CURRENT-ASSETS> 1,978,359 <PP&E> 27,631,074 <DEPRECIATION> 16,979,967 <TOTAL-ASSETS> 16,891,399 <CURRENT-LIABILITIES> 2,306,172 <BONDS> 2,050,600 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 45,246 <OTHER-SE> 12,489,381 <TOTAL-LIABILITY-AND-EQUITY> 16,891,399 <SALES> 73,555 <TOTAL-REVENUES> 584,442 <CGS> 267,401 <TOTAL-COSTS> 607,104 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 59,318 <INCOME-PRETAX> 1,523,358 <INCOME-TAX> 518,191 <INCOME-CONTINUING> 1,005,167 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 80,334 <NET-INCOME> 924,833 <EPS-PRIMARY> 0.20 <EPS-DILUTED> 0.20