<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 9,478 <SECURITIES> 0 <RECEIVABLES> 32,558 <ALLOWANCES> 121 <INVENTORY> 0 <CURRENT-ASSETS> 48,278 <PP&E> 827,575 <DEPRECIATION> 436,120 <TOTAL-ASSETS> 445,175 <CURRENT-LIABILITIES> 50,162 <BONDS> 240,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 135,000 <COMMON> 461 <OTHER-SE> 13,347 <TOTAL-LIABILITY-AND-EQUITY> 445,175 <SALES> 73,336 <TOTAL-REVENUES> 74,026 <CGS> 278,216 <TOTAL-COSTS> 278,216 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 13,211 <INCOME-PRETAX> (256,060) <INCOME-TAX> (28,052) <INCOME-CONTINUING> (228,008) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (228,008) <EPS-PRIMARY> (5.80) <EPS-DILUTED> (5.80)