<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 9,531,879 <SECURITIES> 4,330,053 <RECEIVABLES> 16,478,872 <ALLOWANCES> 124,418 <INVENTORY> 0 <CURRENT-ASSETS> 17,704,444 <PP&E> 34,968,594 <DEPRECIATION> 7,475,080 <TOTAL-ASSETS> 69,109,177 <CURRENT-LIABILITIES> 5,683,163 <BONDS> 41,278,550 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 361,865 <OTHER-SE> 18,959,865 <TOTAL-LIABILITY-AND-EQUITY> 69,109,177 <SALES> 0 <TOTAL-REVENUES> 3,921,758 <CGS> 0 <TOTAL-COSTS> 1,984,199 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 963,476 <INCOME-PRETAX> 8,583,275 <INCOME-TAX> 1,566,474 <INCOME-CONTINUING> 7,016,801 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,016,801 <EPS-PRIMARY> 1.94 <EPS-DILUTED> 1.94