<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TOREADOR
ROYALTY CORPORATION CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED
DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM
10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                         726,187
<SECURITIES>                                 1,593,206
<RECEIVABLES>                                  517,442
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,295,518
<PP&E>                                      18,832,279
<DEPRECIATION>                               2,622,648
<TOTAL-ASSETS>                              19,782,262
<CURRENT-LIABILITIES>                        1,307,754
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    160,000
<COMMON>                                       881,886
<OTHER-SE>                                   9,552,622
<TOTAL-LIABILITY-AND-EQUITY>                19,782,262
<SALES>                                      1,968,638
<TOTAL-REVENUES>                             2,308,640
<CGS>                                                0
<TOTAL-COSTS>                                2,784,163
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (475,523)
<INCOME-TAX>                                 (233,277)
<INCOME-CONTINUING>                          (242,246)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (261,746)
<EPS-PRIMARY>                                    (.05)
<EPS-DILUTED>                                    (.05)