<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <CASH> 317,000 <SECURITIES> 0 <RECEIVABLES> 4,810,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 94,892,000 <DEPRECIATION> (14,368,000) <TOTAL-ASSETS> 86,844,000 <CURRENT-LIABILITIES> 0 <BONDS> 38,974,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 63,000 <OTHER-SE> 38,598,000 <TOTAL-LIABILITY-AND-EQUITY> 86,844,000 <SALES> 0 <TOTAL-REVENUES> 6,215,000 <CGS> 0 <TOTAL-COSTS> 3,190,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 811,000 <INCOME-PRETAX> 2,214,000 <INCOME-TAX> 2,214,000 <INCOME-CONTINUING> 2,214,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,214,000 <EPS-PRIMARY> 0.35 <EPS-DILUTED> 0