<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