<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 679 <SECURITIES> 0 <RECEIVABLES> 4,328 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 5,007 <PP&E> 85,601 <DEPRECIATION> (13,748) <TOTAL-ASSETS> 83,279 <CURRENT-LIABILITIES> 1,719 <BONDS> 0 <PREFERRED-MANDATORY> 125 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 31,219 <TOTAL-LIABILITY-AND-EQUITY> 83,279 <SALES> 4,410 <TOTAL-REVENUES> 4,414 <CGS> 0 <TOTAL-COSTS> 1,163 <OTHER-EXPENSES> 2,809 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 834 <INCOME-PRETAX> (300) <INCOME-TAX> (5) <INCOME-CONTINUING> (295) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (295) <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)