<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 504,332 <SECURITIES> 0 <RECEIVABLES> 3,294,704 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,684,631 <PP&E> 100,536,099 <DEPRECIATION> 58,449,855 <TOTAL-ASSETS> 54,429,268 <CURRENT-LIABILITIES> 1,745,562 <BONDS> 0 <COMMON> 12,717,600 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 54,429,268 <SALES> 3,658,346 <TOTAL-REVENUES> 3,832,672 <CGS> 0 <TOTAL-COSTS> 3,675,602 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 157,070 <INCOME-TAX> 51,363 <INCOME-CONTINUING> 105,707 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 105,707 <EPS-PRIMARY> .01 <EPS-DILUTED> .01