<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TOREADOR
ROYALTY CORPORATION UNAUDITED FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH
31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-Q FOR THE
QUARTER ENDED MARCH 31, 1998.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                       2,961,261
<SECURITIES>                                         0
<RECEIVABLES>                                  363,928
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,346,627
<PP&E>                                       5,587,333
<DEPRECIATION>                               2,201,350
<TOTAL-ASSETS>                               6,732,610
<CURRENT-LIABILITIES>                          213,963
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       847,527
<OTHER-SE>                                   5,622,335
<TOTAL-LIABILITY-AND-EQUITY>                 6,732,610
<SALES>                                        635,745
<TOTAL-REVENUES>                               844,725
<CGS>                                                0
<TOTAL-COSTS>                                  569,333
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                275,392
<INCOME-TAX>                                    93,242
<INCOME-CONTINUING>                            182,150
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   182,150
<EPS-PRIMARY>                                      .04
<EPS-DILUTED>                                      .04