<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-31-1998
<PERIOD-END>                                DEC-31-1998
<CASH>                                           1,256
<SECURITIES>                                     7,700
<RECEIVABLES>                                   11,982
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                20,938
<PP&E>                                         134,295
<DEPRECIATION>                                  21,341
<TOTAL-ASSETS>                                 133,892
<CURRENT-LIABILITIES>                           30,210
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       109,455
<OTHER-SE>                                    (14,954)
<TOTAL-LIABILITY-AND-EQUITY>                   133,892
<SALES>                                              0
<TOTAL-REVENUES>                                19,272
<CGS>                                                0
<TOTAL-COSTS>                                   11,287
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,930
<INCOME-PRETAX>                                  5,055
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,055
<EPS-PRIMARY>                                     0.41
<EPS-DILUTED>                                     0.41