<ARTICLE>                     5
<LEGEND>
     (Replace this text with the legend)
</LEGEND>
<CIK>                         0000318852
<NAME>                        COLORADO WYOMING RESERVE COMPANY
<MULTIPLIER>                                         1
<CURRENCY>                                U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-START>                             OCT-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                           3,191
<SECURITIES>                                         0
<RECEIVABLES>                                    3,126
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 9,541
<PP&E>                                         580,082
<DEPRECIATION>                                  (8,521)
<TOTAL-ASSETS>                                 581,102
<CURRENT-LIABILITIES>                          311,247
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        24,917
<OTHER-SE>                                     244,938
<TOTAL-LIABILITY-AND-EQUITY>                   581,102
<SALES>                                          4,063
<TOTAL-REVENUES>                                 4,063
<CGS>                                            4,988
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               323,469
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              81,820
<INCOME-PRETAX>                               (406,214)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (406,214)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (406,214)
<EPS-PRIMARY>                                    (0.16)
<EPS-DILUTED>                                    (0.16)