<ARTICLE>  5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM REGISTRANT'S
FINANCIAL STATEMENTS FOR THE QUARTER ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                                             
<PERIOD-TYPE>                                                   6-MOS
<FISCAL-YEAR-END>                                               DEC-31-1996
<PERIOD-END>                                                    JUN-30-1996
<CASH>                                                           5,055
<SECURITIES>                                                     6,452
<RECEIVABLES>                                                    1,941
<ALLOWANCES>                                                         0
<INVENTORY>                                                          0
<CURRENT-ASSETS>                                                     0
<PP&E>                                                         114,345
<DEPRECIATION>                                                  15,947
<TOTAL-ASSETS>                                                 113,520
<CURRENT-LIABILITIES>                                                0
<BONDS>                                                              0
<PREFERRED-MANDATORY>                                                0
<PREFERRED>                                                          0
<COMMON>                                                       109,922
<OTHER-SE>                                                    (12,158)
<TOTAL-LIABILITY-AND-EQUITY>                                   113,520
<SALES>                                                              0
<TOTAL-REVENUES>                                                 7,087
<CGS>                                                                0
<TOTAL-COSTS>                                                    4,942
<OTHER-EXPENSES>                                                     0
<LOSS-PROVISION>                                                     0
<INTEREST-EXPENSE>                                                 314
<INCOME-PRETAX>                                                      0
<INCOME-TAX>                                                         0
<INCOME-CONTINUING>                                                  0
<DISCONTINUED>                                                       0
<EXTRAORDINARY>                                                      0
<CHANGES>                                                            0
<NET-INCOME>                                                     1,831
<EPS-PRIMARY>                                                        0
<EPS-DILUTED>                                                        0