<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> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> DEC-31-1997 DEC-31-1996 <CASH> 4,552 2,997 <SECURITIES> 0 32,678 <RECEIVABLES> 12,185 8,549 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 18,855 46,185 <PP&E> 223,281 190,477 <DEPRECIATION> 144,548 116,371 <TOTAL-ASSETS> 98,515 136,599 <CURRENT-LIABILITIES> 15,857 7,166 <BONDS> 38,371 55,077 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 20,803 20,803 <OTHER-SE> 23,484 53,553 <TOTAL-LIABILITY-AND-EQUITY> 98,515 136,599 <SALES> 57,304 65,606 <TOTAL-REVENUES> 61,053 70,210 <CGS> 52,012 61,400 <TOTAL-COSTS> 67,937 74,747 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 5,283 4,895 <INCOME-PRETAX> (12,167) (9,432) <INCOME-TAX> 14,623 (1,770) <INCOME-CONTINUING> (26,790) (7,662) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (26,790) (7,662) <EPS-PRIMARY> (1.31) (0.37) <EPS-DILUTED> (1.31) (0.37)