<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 565,263 <SECURITIES> 0 <RECEIVABLES> 1,805,840 <ALLOWANCES> 71,358 <INVENTORY> 0 <CURRENT-ASSETS> 2,327,757 <PP&E> 67,633,101 <DEPRECIATION> 24,140,149 <TOTAL-ASSETS> 45,888,998 <CURRENT-LIABILITIES> 1,752,021 <BONDS> 18,815,889 <PREFERRED-MANDATORY> 0 <PREFERRED> 97,450 <COMMON> 183,319 <OTHER-SE> 25,040,319 <TOTAL-LIABILITY-AND-EQUITY> 45,888,998 <SALES> 0 <TOTAL-REVENUES> 3,954,816 <CGS> 0 <TOTAL-COSTS> 3,349,906 <OTHER-EXPENSES> (10,719) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 720,157 <INCOME-PRETAX> (104,528) <INCOME-TAX> 0 <INCOME-CONTINUING> (104,528) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (104,528) <EPS-BASIC> (.023) <EPS-DILUTED> (.023)