GEODYNE INSTITUTIONAL PENSION ENERGY INC LTD PARTNERSHIP P-8
8-K, 1996-07-08
CRUDE PETROLEUM & NATURAL GAS
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                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                               FORM 8-K

           Current Report Pursuant to Section 13 or 15(d) of
                      The Securities Act of 1934


Date of Report (Date of earliest event reported):  January 18, 1996


GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-7
GEODYNE INSTITUTIONAL/PENSION ENERGY INCOME LIMITED PARTNERSHIP P-8
- -------------------------------------------------------------------
       (Exact name of Registrant as specified in its Articles)


                         P-7: 0-20265             P-7: 73-1367186
   Oklahoma              P-8: 0-20264             P-8: 73-1378683
- ----------------         --------------          ----------------- 
(State or other          (Commission              (I.R.S. Employer 
jurisdiction of          File No.)                Identification) 
incorporation or 
organization)



          Two West Second Street, Tulsa, Oklahoma      74103
          ---------------------------------------------------
          (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (918) 583-1791
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ITEM 5:   OTHER EVENTS

     Effective  as   of  June  30,  1996,   Geodyne  Properties,  Inc.
("Properties"),    the     general    partner    of     the    Geodyne
Institutional/Pension  Energy Income Limited  Partnerships P-7 and P-8
(collectively,  the  "Partnerships"), merged  into  Geodyne Resources,
Inc.,  a Delaware  corporation  ("Resources").   As  a result  of  the
merger,  Resources  assumed  all  of the  duties  previously  held  by
Properties  as  the Partnerships'  general  partner and,  accordingly,
Resources has  been substituted  as the Partnerships'  General Partner
pursuant  to  the  terms  of  the  Partnerships'  limited  partnership
agreements.

     Effective as of July 1, 1996, the  following individuals resigned
their positions as officers  and directors of the General  Partner: C.
Philip Tholen, Director and President; Patrick M. Hall, Director; Jack
A.  Canon,  Senior   Vice  President-General  Counsel  and   Assistant
Secretary; Judy F. Hughes, Treasurer;  and Annabel M. Jones, Secretary.
These  individuals  still  serve   as  officers  and/or  directors  of
affiliates of the General Partner (the "Samson Companies").

     Effective  as  of  July 1,  1996,  Dennis  R.  Neill was  elected
President  of the  General Partner.   Mr.  Neill previously  served as
Senior Vice President of the General Partner.  He will continue in his
capacity as  a Director of the  General Partner.  Pursuant  to the By-
laws of the General  Partner, no additional Directors will  be elected
to the corporation's Board of Directors.

     Effective as of July 1,  1996, Judy K. Fox was  elected Secretary
of the General Partner.  Ms. Fox, age 45, joined  the Samson Companies
in  October 1990.    She currently  serves  as the  General  Partner's
Investor  Relations Supervisor.   Ms.  Fox is  also Secretary  of Dyco
Petroleum Corporation, Samson Properties Incorporated, and four of the
General Partner's  subsidiaries, Geodyne Nominee  Corporation, Geodyne
Institutional  Depositary  Company,  Geodyne  Depositary  Company, and
Snyder Exploration Company.

                                         -2-

<PAGE>


                              SIGNATURES

     Pursuant to  the requirements of  the Securities Exchange  Act of
1934, the registrant has duly  caused this report to be signed  on its
behalf by the undersigned hereunto duly authorized.

                         GEODYNE INSTITUTIONAL/PENSION ENERGY
                              INCOME LIMITED PARTNERSHIP P-7
                         GEODYNE INSTITUTIONAL/PENSION ENERGY
                              INCOME LIMITED PARTNERSHIP P-8

                         By:  GEODYNE RESOURCES, INC.
                              General Partner


DATE: July 8, 1996            //s// Dennis R. Neill
                              ______________________________
                              Dennis R. Neill
                              President


                                        -3-

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