<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 2,750,972 <SECURITIES> 0 <RECEIVABLES> 2,043,581 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 90,024,509 <DEPRECIATION> 33,113,526 <TOTAL-ASSETS> 156,586,254 <CURRENT-LIABILITIES> 11,475,977 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (29,979,723) <TOTAL-LIABILITY-AND-EQUITY> 156,586,254 <SALES> 0 <TOTAL-REVENUES> 56,002,667 <CGS> 0 <TOTAL-COSTS> 51,346,906 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 17,625,998 <INCOME-PRETAX> (7,758,291) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,758,291) <EPS-PRIMARY> 0 <EPS-DILUTED> 0