<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 453,673 <SECURITIES> 0 <RECEIVABLES> 2,288,326 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,286,297 <PP&E> 104,580,646 <DEPRECIATION> 62,291,368 <TOTAL-ASSETS> 45,856,714 <CURRENT-LIABILITIES> 1,609,562 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,794,040 <OTHER-SE> 3,714,493 <TOTAL-LIABILITY-AND-EQUITY> 45,856,714 <SALES> 2,610,852 <TOTAL-REVENUES> 2,650,010 <CGS> 0 <TOTAL-COSTS> 3,232,106 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 298,327 <INCOME-PRETAX> (880,423) <INCOME-TAX> (307,724) <INCOME-CONTINUING> (572,699) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (572,699) <EPS-PRIMARY> (.05) <EPS-DILUTED> (.05)