<ARTICLE>  5
<LEGEND>
THE SCHEDULE  CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM
REGISTRANT'S  FINANCIAL  STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                         
<PERIOD-TYPE>                               YEAR
<FISCAL-YEAR-END>                           DEC-31-1997
<PERIOD-END>                                DEC-31-1997
<CASH>                                          3,821
<SECURITIES>                                      501
<RECEIVABLES>                                   4,677
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                                8,999
<PP&E>                                        162,387
<DEPRECIATION>                                 21,289
<TOTAL-ASSETS>                                150,097
<CURRENT-LIABILITIES>                           3,036
<BONDS>                                        42,487
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                      103,161
<OTHER-SE>                                     (7,845)
<TOTAL-LIABILITY-AND-EQUITY>                  150,097
<SALES>                                             0
<TOTAL-REVENUES>                               17,726
<CGS>                                               0
<TOTAL-COSTS>                                  10,786
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                              2,772
<INCOME-PRETAX>                                 4,168
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                                 0
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                    4,168
<EPS-PRIMARY>                                    0.34
<EPS-DILUTED>                                    0.34