<ARTICLE>                     5
<LEGEND>
 THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
 COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
 ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-END>                                   DEC-31-1999
<CASH>                                           4,421,943
<SECURITIES>                                             0
<RECEIVABLES>                                   26,869,835
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         0
<PP&E>                                         344,839,808
<DEPRECIATION>                                  88,230,535
<TOTAL-ASSETS>                                 313,205,107
<CURRENT-LIABILITIES>                                    0
<BONDS>                                        268,180,333
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                             8,000
<OTHER-SE>                                      15,063,473
<TOTAL-LIABILITY-AND-EQUITY>                   313,205,107
<SALES>                                                  0
<TOTAL-REVENUES>                               103,431,089
<CGS>                                                    0
<TOTAL-COSTS>                                   61,359,460
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                              30,069,919
<INCOME-PRETAX>                                (12,355,073)
<INCOME-TAX>                                    (4,680,555)
<INCOME-CONTINUING>                             (7,674,518)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                    (7,674,518)
<EPS-BASIC>                                          (9.59)
<EPS-DILUTED>                                        (9.59)