<ARTICLE>  5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM REGISTRANT'S
FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31, 1998 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                       
<PERIOD-TYPE>                                   3-MOS
<FISCAL-YEAR-END>                         DEC-31-1998
<PERIOD-END>                              MAR-31-1998
<CASH>                                          4,117
<SECURITIES>                                      479
<RECEIVABLES>                                   4,861
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                                9,457
<PP&E>                                        157,688
<DEPRECIATION>                                 21,683
<TOTAL-ASSETS>                                145,462
<CURRENT-LIABILITIES>                           2,902
<BONDS>                                        38,276
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                      103,161
<OTHER-SE>                                     (8,117)
<TOTAL-LIABILITY-AND-EQUITY>                  145,462
<SALES>                                             0
<TOTAL-REVENUES>                                4,763
<CGS>                                               0
<TOTAL-COSTS>                                   2,493
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                                909
<INCOME-PRETAX>                                 1,200
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                                 0
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                    1,200
<EPS-PRIMARY>                                    0.10
<EPS-DILUTED>                              0.10