<ARTICLE> 5 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-END> Sep-30-1998 <CASH> 3,217,000 <SECURITIES> 0 <RECEIVABLES> 11,704,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,564,000 <PP&E> 278,750,000 <DEPRECIATION> 125,927,000 <TOTAL-ASSETS> 175,634,000 <CURRENT-LIABILITIES> 17,910,000 <BONDS> 115,249,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 240,000 <OTHER-SE> 42,235,000 <TOTAL-LIABILITY-AND-EQUITY> 175,634,000 <SALES> 38,901,000 <TOTAL-REVENUES> 38,901,000 <CGS> 0 <TOTAL-COSTS> 47,456,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,881,000 <INCOME-PRETAX> (15,646,000) <INCOME-TAX> (3,100,000) <INCOME-CONTINUING> (12,646,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (12,546,000) <EPS-PRIMARY> (.52) <EPS-DILUTED> (.52)