<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                         289,149
<SECURITIES>                                         0
<RECEIVABLES>                                8,969,472
<ALLOWANCES>                                    28,130
<INVENTORY>                                          0
<CURRENT-ASSETS>                             9,274,653
<PP&E>                                      68,009,607
<DEPRECIATION>                              17,444,918
<TOTAL-ASSETS>                              59,900,412
<CURRENT-LIABILITIES>                        4,881,979
<BONDS>                                     16,632,610
<COMMON>                                       181,207
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     60,000
<OTHER-SE>                                  34,925,263
<TOTAL-LIABILITY-AND-EQUITY>                59,900,412
<SALES>                                              0
<TOTAL-REVENUES>                             2,112,563
<CGS>                                                0
<TOTAL-COSTS>                                1,708,843
<OTHER-EXPENSES>                               (9,177)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             304,202
<INCOME-PRETAX>                                108,695
<INCOME-TAX>                                    35,869
<INCOME-CONTINUING>                             72,826
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    72,826
<EPS-PRIMARY>                                     .004
<EPS-DILUTED>                                     .004