<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CRESTED CORP. FORM 10-Q FOR THE QUARTER ENDED AUGUST 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000025657
<NAME> CRESTED CORP.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAY-31-1999
<PERIOD-START>                             JUN-01-1998
<PERIOD-END>                               AUG-31-1998
<CASH>                                       2,227,600
<SECURITIES>                                         0
<RECEIVABLES>                                1,967,100
<ALLOWANCES>                                         0
<INVENTORY>                                     96,600
<CURRENT-ASSETS>                             4,520,800
<PP&E>                                       5,902,400
<DEPRECIATION>                               3,285,400
<TOTAL-ASSETS>                               9,799,900
<CURRENT-LIABILITIES>                        9,492,000
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        10,200
<OTHER-SE>                                   (508,100)
<TOTAL-LIABILITY-AND-EQUITY>                 9,799,900
<SALES>                                        363,800
<TOTAL-REVENUES>                               622,100
<CGS>                                          540,500
<TOTAL-COSTS>                                1,167,600
<OTHER-EXPENSES>                                62,900
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,700
<INCOME-PRETAX>                              (615,100)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (615,100)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (615,100)
<EPS-PRIMARY>                                    (.06)
<EPS-DILUTED>                                        0