<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