<ARTICLE>  5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM REGISTRANT'S
FINANCIAL STATEMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                                             
<PERIOD-TYPE>                                                   9-MOS
<FISCAL-YEAR-END>                                               DEC-31-1996
<PERIOD-END>                                                    SEP-30-1996
<CASH>                                                           7,139
<SECURITIES>                                                     6,194
<RECEIVABLES>                                                    1,928
<ALLOWANCES>                                                         0
<INVENTORY>                                                          0
<CURRENT-ASSETS>                                                     0
<PP&E>                                                         114,413
<DEPRECIATION>                                                  16,716
<TOTAL-ASSETS>                                                 114,490
<CURRENT-LIABILITIES>                                                0
<BONDS>                                                              0
<PREFERRED-MANDATORY>                                                0
<PREFERRED>                                                          0
<COMMON>                                                       109,455
<OTHER-SE>                                                    (12,432)
<TOTAL-LIABILITY-AND-EQUITY>                                   114,490
<SALES>                                                              0
<TOTAL-REVENUES>                                                10,684
<CGS>                                                                0
<TOTAL-COSTS>                                                    7,199
<OTHER-EXPENSES>                                                     0
<LOSS-PROVISION>                                                     0
<INTEREST-EXPENSE>                                                 467
<INCOME-PRETAX>                                                      0
<INCOME-TAX>                                                         0
<INCOME-CONTINUING>                                                  0
<DISCONTINUED>                                                       0
<EXTRAORDINARY>                                                      0
<CHANGES>                                                            0
<NET-INCOME>                                                     3,018
<EPS-PRIMARY>                                                        0
<EPS-DILUTED>                                                        0