<ARTICLE> 5 <CIK> 0000734778 <NAME> BELDEN & BLAKE CORPORATION <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <EXCHANGE-RATE> 1 <CASH> 3,649,005 <SECURITIES> 0 <RECEIVABLES> 13,068,663 <ALLOWANCES> 0 <INVENTORY> 6,676,884 <CURRENT-ASSETS> 26,092,344 <PP&E> 159,963,979 <DEPRECIATION> 40,788,899 <TOTAL-ASSETS> 148,172,795 <CURRENT-LIABILITIES> 12,481,383 <BONDS> 47,858,158 <COMMON> 708,474 <PREFERRED-MANDATORY> 0 <PREFERRED> 2,400,000 <OTHER-SE> 78,033,372 <TOTAL-LIABILITY-AND-EQUITY> 148,172,795 <SALES> 82,545,087 <TOTAL-REVENUES> 83,103,929 <CGS> 54,722,441 <TOTAL-COSTS> 54,722,441 <OTHER-EXPENSES> 18,794,290 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,587,207 <INCOME-PRETAX> 5,999,991 <INCOME-TAX> 2,157,070 <INCOME-CONTINUING> 3,842,921 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,842,921 <EPS-PRIMARY> .52 <EPS-DILUTED> .52