<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE REGISTRANT'S FORM 10-Q FOR THE PERIOD ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED IN SUCH REPORT. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 11,026 <SECURITIES> 0 <RECEIVABLES> 10,854 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 23,237 <PP&E> 533,657 <DEPRECIATION> 32,869 <TOTAL-ASSETS> 533,763 <CURRENT-LIABILITIES> 8,562 <BONDS> 42,199 <COMMON> 152 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 231,536 <TOTAL-LIABILITY-AND-EQUITY> 533,763 <SALES> 0 <TOTAL-REVENUES> 36,856 <CGS> 0 <TOTAL-COSTS> 27,494 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,186 <INCOME-PRETAX> 7,742 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,742 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,742 <EPS-BASIC> .51 <EPS-DILUTED> .51