<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