<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 444,476 <SECURITIES> 0 <RECEIVABLES> 2,696,160 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,770,554 <PP&E> 104,407,815 <DEPRECIATION> 61,191,368 <TOTAL-ASSETS> 47,271,168 <CURRENT-LIABILITIES> 2,142,917 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,794,040 <OTHER-SE> 3,714,493 <TOTAL-LIABILITY-AND-EQUITY> 47,271,168 <SALES> 12,720,876 <TOTAL-REVENUES> 13,177,983 <CGS> 0 <TOTAL-COSTS> 20,616,572 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,298,061 <INCOME-PRETAX> (8,736,650) <INCOME-TAX> (2,921,766) <INCOME-CONTINUING> (5,814,884) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,814,884) <EPS-PRIMARY> (.46) <EPS-DILUTED> (.46)