<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 762 <SECURITIES> 0 <RECEIVABLES> 116,400 <ALLOWANCES> 0 <INVENTORY> 18,330 <CURRENT-ASSETS> 156,358 <PP&E> 668,037 <DEPRECIATION> 256,822 <TOTAL-ASSETS> 767,942 <CURRENT-LIABILITIES> 140,233 <BONDS> 230,401 <PREFERRED-MANDATORY> 278 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 315,548 <TOTAL-LIABILITY-AND-EQUITY> 767,942 <SALES> 0 <TOTAL-REVENUES> 271,616 <CGS> 0 <TOTAL-COSTS> 196,835 <OTHER-EXPENSES> 24,188 <LOSS-PROVISION> 21,767 <INTEREST-EXPENSE> 4,648 <INCOME-PRETAX> 24,178 <INCOME-TAX> 8,677 <INCOME-CONTINUING> 15,501 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 15,501 <EPS-PRIMARY> .54<F1> <EPS-DILUTED> .54<F1> <FN> <F1>The EPS-Primary and EPS-Fully Diluted reflect the impact of a 2 for 1 stock split in the form of a 100% stock dividend which is payable on May 17, 1996 to shareholders of record as of May 6, 1996. </FN>