<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 20,021,000 <SECURITIES> 0 <RECEIVABLES> 4,620,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 24,641,000 <PP&E> 229,551,000 <DEPRECIATION> (1,966,000) <TOTAL-ASSETS> 283,009,000 <CURRENT-LIABILITIES> 41,634,000 <BONDS> 95,552,000 <PREFERRED-MANDATORY> 100,773,000 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 35,270,000 <TOTAL-LIABILITY-AND-EQUITY> 283,009,000 <SALES> 0 <TOTAL-REVENUES> 167,726,000 <CGS> 134,730,000 <TOTAL-COSTS> 29,840,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 38,000 <INCOME-PRETAX> 3,118,000 <INCOME-TAX> 866,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,252,000 <EPS-PRIMARY> (0.23) <EPS-DILUTED> (0.23)