<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM REMINGTON
OIL AND GAS CORPORATION'S FORM 10-K FOR THE ANNUAL PERIOD ENDED DECEMBER 31,
1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   12-MOS                  
<FISCAL-YEAR-END>                          DEC-31-1998  
<PERIOD-START>                             JAN-01-1998  
<PERIOD-END>                               DEC-31-1998  
<CASH>                                          19,018  
<SECURITIES>                                         0  
<RECEIVABLES>                                    3,212  
<ALLOWANCES>                                         0  
<INVENTORY>                                          0  
<CURRENT-ASSETS>                                32,851  
<PP&E>                                         263,355  
<DEPRECIATION>                                 167,053  
<TOTAL-ASSETS>                                 130,229  
<CURRENT-LIABILITIES>                           34,080  
<BONDS>                                         29,950  
<PREFERRED-MANDATORY>                                0  
<PREFERRED>                                          0  
<COMMON>                                           213  
<OTHER-SE>                                      59,486  
<TOTAL-LIABILITY-AND-EQUITY>                   130,229  
<SALES>                                         34,256  
<TOTAL-REVENUES>                                87,689  
<CGS>                                           45,730  
<TOTAL-COSTS>                                   69,014  
<OTHER-EXPENSES>                                     0  
<LOSS-PROVISION>                                     0  
<INTEREST-EXPENSE>                               4,302  
<INCOME-PRETAX>                                 14,373  
<INCOME-TAX>                                       756  
<INCOME-CONTINUING>                             13,617  
<DISCONTINUED>                                       0  
<EXTRAORDINARY>                                      0  
<CHANGES>                                            0  
<NET-INCOME>                                    13,617  
<EPS-PRIMARY>                                     0.67  
<EPS-DILUTED>                                     0.66