<ARTICLE>  5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM REGISTRANT'S
FINANCIAL  STATEMENTS  FOR THE YEAR ENDED  DECEMBER 31, 1996 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                                  
<PERIOD-TYPE>                                        YEAR
<FISCAL-YEAR-END>                                    DEC-31-1996
<PERIOD-END>                                         DEC-31-1996
<CASH>                                                   2,558
<SECURITIES>                                               578
<RECEIVABLES>                                            1,916
<ALLOWANCES>                                                 0
<INVENTORY>                                                  0
<CURRENT-ASSETS>                                             0
<PP&E>                                                 141,625
<DEPRECIATION>                                          17,583
<TOTAL-ASSETS>                                         131,298
<CURRENT-LIABILITIES>                                        0
<BONDS>                                                      0
<PREFERRED-MANDATORY>                                        0
<PREFERRED>                                                  0
<COMMON>                                               109,455
<OTHER-SE>                                             (12,802)
<TOTAL-LIABILITY-AND-EQUITY>                           131,298
<SALES>                                                      0
<TOTAL-REVENUES>                                        14,568
<CGS>                                                        0
<TOTAL-COSTS>                                            9,875
<OTHER-EXPENSES>                                             0
<LOSS-PROVISION>                                             0
<INTEREST-EXPENSE>                                         886
<INCOME-PRETAX>                                              0
<INCOME-TAX>                                                 0
<INCOME-CONTINUING>                                          0
<DISCONTINUED>                                               0
<EXTRAORDINARY>                                              0
<CHANGES>                                                    0
<NET-INCOME>                                             3,807
<EPS-PRIMARY>                                                0
<EPS-DILUTED>                                                0