<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 65181 <SECURITIES> 3837 <RECEIVABLES> 50492 <ALLOWANCES> 0 <INVENTORY> 10577 <CURRENT-ASSETS> 133338 <PP&E> 692553 <DEPRECIATION> 252378 <TOTAL-ASSETS> 651856 <CURRENT-LIABILITIES> 114911 <BONDS> 292315 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6756 <OTHER-SE> 161296 <TOTAL-LIABILITY-AND-EQUITY> 651856 <SALES> 0 <TOTAL-REVENUES> 95235 <CGS> 0 <TOTAL-COSTS> 84775 <OTHER-EXPENSES> 7295 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7295 <INCOME-PRETAX> 3588 <INCOME-TAX> 1340 <INCOME-CONTINUING> 2248 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2248 <EPS-PRIMARY> 0.34 <EPS-DILUTED> 0 <FN> AMOUNTS INAPPLICABLE OR NOR DISCLOSED AS A SEPARATE LINE ON THE BALANCE SHEET OR STATEMENT OF INCOME ARE REPORTED AS 0 HEREIN. NOTES AND ACCOUNTS RECEIVABLE - TRADE ARE REPORTED NET OF ALLOWANCES FOR DOUBTFUL ACCOUNTS IN THE BALANCE SHEET.