<ARTICLE> 5 <CIK> 0000734778 <NAME> BELDEN & BLAKE CORPORATION <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <CASH> 7,363,820 <SECURITIES> 0 <RECEIVABLES> 14,956,973 <ALLOWANCES> 0 <INVENTORY> 5,847,373 <CURRENT-ASSETS> 31,979,397 <PP&E> 181,647,905 <DEPRECIATION> 44,146,780 <TOTAL-ASSETS> 172,321,989 <CURRENT-LIABILITIES> 16,088,043 <BONDS> 67,215,379 <COMMON> 710,625 <PREFERRED-MANDATORY> 0 <PREFERRED> 2,400,000 <OTHER-SE> 78,978,168 <TOTAL-LIABILITY-AND-EQUITY> 172,321,989 <SALES> 22,243,301 <TOTAL-REVENUES> 22,425,286 <CGS> 14,745,343 <TOTAL-COSTS> 14,745,343 <OTHER-EXPENSES> 5,343,594 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,162,990 <INCOME-PRETAX> 1,173,359 <INCOME-TAX> 434,143 <INCOME-CONTINUING> 739,216 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 739,216 <EPS-PRIMARY> .10 <EPS-DILUTED> .10