<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 1,440,167 <SECURITIES> 0 <RECEIVABLES> 1,628,696 <ALLOWANCES> 71,358 <INVENTORY> 0 <CURRENT-ASSETS> 3,010,164 <PP&E> 66,717,416 <DEPRECIATION> 23,183,191 <TOTAL-ASSETS> 46,617,428 <CURRENT-LIABILITIES> 2,240,032 <BONDS> 18,815,889 <PREFERRED-MANDATORY> 0 <PREFERRED> 97,450 <COMMON> 183,319 <OTHER-SE> 25,280,738 <TOTAL-LIABILITY-AND-EQUITY> 46,617,428 <SALES> 0 <TOTAL-REVENUES> 1,963,089 <CGS> 0 <TOTAL-COSTS> 1,620,895 <OTHER-EXPENSES> (5,318) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 357,795 <INCOME-PRETAX> (10,283) <INCOME-TAX> 0 <INCOME-CONTINUING> (10,283) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (10,283) <EPS-PRIMARY> (.010) <EPS-DILUTED> (.010)