<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,182,051 <SECURITIES> 0 <RECEIVABLES> 14,725,438 <ALLOWANCES> 0 <INVENTORY> 721,092 <CURRENT-ASSETS> 25,430,484 <PP&E> 116,011,088 <DEPRECIATION> 31,925,371 <TOTAL-ASSETS> 112,366,761 <CURRENT-LIABILITIES> 32,690,298 <BONDS> 22,065,057 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 66,081 <OTHER-SE> 43,767,325 <TOTAL-LIABILITY-AND-EQUITY> 112,366,761 <SALES> 0 <TOTAL-REVENUES> 43,475,225 <CGS> 0 <TOTAL-COSTS> 41,188,165 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 663,956 <INCOME-PRETAX> 1,674,888 <INCOME-TAX> 687,000 <INCOME-CONTINUING> 987,888 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 987,888 <EPS-PRIMARY> 0.15 <EPS-DILUTED> 0.15