<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS OF CONTINENTAL NATURAL GAS, INC. AND SUBSIDIARIES AND INCLUDES AMENDED FINANCIAL DATA SCHEDULES FOR PRIOR PERIODS RESTATING EARNINGS PER SHARE DUE TO THE COMPANY'S ADOPTION OF SFAS NO. 128, "EARNINGS PER SHARE". </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-END> DEC-31-1997 DEC-31-1996 <CASH> 1,237 21,077 <SECURITIES> 0 0 <RECEIVABLES> 51,120<F1> 52,326<F1> <ALLOWANCES> 328 258 <INVENTORY> 1,680 3,149 <CURRENT-ASSETS> 54,277 76,459 <PP&E> 114,785 61,045 <DEPRECIATION> 114,785 61,045 <TOTAL-ASSETS> 178,934 145,928 <CURRENT-LIABILITIES> 57,657 83,992 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 66 39 <OTHER-SE> 41,353 22,114 <TOTAL-LIABILITY-AND-EQUITY> 178,934 145,928 <SALES> 340,288 245,530 <TOTAL-REVENUES> 340,618 246,661 <CGS> 318,283 225,535 <TOTAL-COSTS> 337,028 239,991 <OTHER-EXPENSES> 5,479 2,686 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 5,479 2,686 <INCOME-PRETAX> (1,889) 3,985 <INCOME-TAX> 644 3,635 <INCOME-CONTINUING> (1,245) 7,620 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 (427) <CHANGES> 0 0 <NET-INCOME> (1,245) 7,193 <EPS-PRIMARY> (.31) 1.87 <EPS-DILUTED> (.31) 1.67 <FN> <F1>ACCOUNTS RECEIVABLE IS PRESENTED NET IN THE CONSOLIDATED BALANCE SHEET. </FN>