<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           7,932
<SECURITIES>                                         0
<RECEIVABLES>                                2,585,722
<ALLOWANCES>                                    28,130
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,663,908
<PP&E>                                      79,362,754
<DEPRECIATION>                              19,421,854
<TOTAL-ASSETS>                              62,676,935
<CURRENT-LIABILITIES>                        6,088,230
<BONDS>                                     17,906,000
<COMMON>                                       181,569
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     60,000
<OTHER-SE>                                  35,071,688
<TOTAL-LIABILITY-AND-EQUITY>                62,676,935
<SALES>                                              0
<TOTAL-REVENUES>                             7,106,512
<CGS>                                                0
<TOTAL-COSTS>                                5,548,987
<OTHER-EXPENSES>                               (48,073)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,041,904
<INCOME-PRETAX>                                563,694
<INCOME-TAX>                                   185,964
<INCOME-CONTINUING>                            377,730
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   377,730
<EPS-PRIMARY>                                     .011
<EPS-DILUTED>                                     .011