<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 60,629 <SECURITIES> 0 <RECEIVABLES> 1,622,187 <ALLOWANCES> 28,130 <INVENTORY> 60,413 <CURRENT-ASSETS> 1,935,728 <PP&E> 35,038,735 <DEPRECIATION> 9,491,235 <TOTAL-ASSETS> 27,532,284 <CURRENT-LIABILITIES> 784,904 <BONDS> 14,429,749 <COMMON> 148,540 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 11,252,856 <TOTAL-LIABILITY-AND-EQUITY> 27,532,284 <SALES> 0 <TOTAL-REVENUES> 2,337,924 <CGS> 0 <TOTAL-COSTS> 1,215,026 <OTHER-EXPENSES> (17,150) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 282,065 <INCOME-PRETAX> 857,983 <INCOME-TAX> 292,000 <INCOME-CONTINUING> 565,983 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 565,983 <EPS-PRIMARY> .04 <EPS-DILUTED> .04