<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 50,223 <SECURITIES> 0 <RECEIVABLES> 3,232,001 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,730,294 <PP&E> 116,506,929 <DEPRECIATION> 68,431,805 <TOTAL-ASSETS> 52,108,257 <CURRENT-LIABILITIES> 2,295,746 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,794,040 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 52,108,257 <SALES> 9,622,792 <TOTAL-REVENUES> 9,873,248 <CGS> 0 <TOTAL-COSTS> 12,807,920 <OTHER-EXPENSES> 0 <LOSS-PROVISION> (2,934,672) <INTEREST-EXPENSE> 959,731 <INCOME-PRETAX> (3,894,403) <INCOME-TAX> (1,107,843) <INCOME-CONTINUING> (2,786,560) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,786,560) <EPS-PRIMARY> (.22) <EPS-DILUTED> (.22)