<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TOREADOR
ROYALTY CORPORATION UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH
31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q FOR
THE THREE MONTHS ENDED MARCH 31, 1999.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                         264,506
<SECURITIES>                                 1,971,069
<RECEIVABLES>                                  522,146
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,133,347
<PP&E>                                      18,969,941
<DEPRECIATION>                               2,871,541
<TOTAL-ASSETS>                              19,456,063
<CURRENT-LIABILITIES>                        1,263,617
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    160,000
<COMMON>                                       881,886
<OTHER-SE>                                   9,530,560
<TOTAL-LIABILITY-AND-EQUITY>                19,456,063
<SALES>                                        631,016
<TOTAL-REVENUES>                             1,274,678
<CGS>                                                0
<TOTAL-COSTS>                                  979,398
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             176,107
<INCOME-PRETAX>                                119,173
<INCOME-TAX>                                    40,946
<INCOME-CONTINUING>                             78,227
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    78,227
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0