<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 787,961 <SECURITIES> 0 <RECEIVABLES> 2,911,637 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,213,580 <PP&E> 106,147,145 <DEPRECIATION> 61,732,014 <TOTAL-ASSETS> 50,181,437 <CURRENT-LIABILITIES> 2,404,494 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,751,100 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 50,181,437 <SALES> 16,115,125 <TOTAL-REVENUES> 16,874,051 <CGS> 0 <TOTAL-COSTS> 24,858,682 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 164,678 <INCOME-PRETAX> (8,149,309) <INCOME-TAX> (2,646,663) <INCOME-CONTINUING> (5,502,646) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,502,646) <EPS-PRIMARY> (.43) <EPS-DILUTED> (.43)