<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 729,356 <SECURITIES> 0 <RECEIVABLES> 2,236,781 <ALLOWANCES> 28,130 <INVENTORY> 60,413 <CURRENT-ASSETS> 3,224,507 <PP&E> 37,466,069 <DEPRECIATION> 10,269,635 <TOTAL-ASSETS> 30,465,810 <CURRENT-LIABILITIES> 1,540,996 <BONDS> 15,068,621 <COMMON> 148,603 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 11,673,772 <TOTAL-LIABILITY-AND-EQUITY> 30,465,810 <SALES> 0 <TOTAL-REVENUES> 5,719,240 <CGS> 0 <TOTAL-COSTS> 2,787,550 <OTHER-EXPENSES> (47,116) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 593,199 <INCOME-PRETAX> 2,385,607 <INCOME-TAX> 811,000 <INCOME-CONTINUING> 1,574,607 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,574,607 <EPS-PRIMARY> .102 <EPS-DILUTED> .102